Investment Alert: Galerie Condo Development in New York

Investment Alert: Galerie Condo Development in New York

At Ankor, we are continually looking for ways to better serve our clients with their property management needs. In many cases, this means learning more about up-and-coming investment properties and the developers behind them. One property that has showed particular promise is the Galerie condo development in New York.

Learning More About the Galerie Condo Development

A new condominium currently under development, Galerie is a future-facing building situated directly across the street from PS1 in Long Island City, New York. Due to its location at 2218 Jackson Avenue in Queens County, the 11-story development will provide residents with easy access to a thriving gallery scene as well as a variety of world-class museums, restaurants and shopping opportunities.

With ODA Architecture handling the building design and Paris Forino Design handing the interior design, the Galerie promises to offer an artistic and eclectic look for its residents while also providing them with a number of amenities to enjoy. These amenities include a rooftop recreation area, a children’s playroom, a lobby and a mail room. Other amenities include an exercise room, bicycle parking and a pool.

Construction on the Galerie, which is being completed by Adam America Real Estate and Vanke, began in the summer of 2017 and is expected to be completed in 2019. Upon completion, the development will have 175 units to offer.

Getting to Know Vanke

Established in 1984, Vanke is a leading real estate company and urban development service provider in China. By upholding its vision to build “quality housing for ordinary people,” Vanke ranked 356th on Fortune Global 500 in 2016. This year, the company made significant gains as it increased its position to 307th.  With its focus on property development and property service, Vanke has established itself as a leader in the industry. Furthermore, the company’s commitment to developing quality housing within key municipalities has established Vanke as a reliable partner for many investors.

Getting to Know Adam America Real Estate

A vertically-integrated owner, developer and operator of residential real estate within the New York metropolitan area, Adam America Real Estate raises funds from international and institutional investors. Founded in 2009, the company has grown to become a leader in the development of high-quality multifamily housing in New York. With an emphasis on development in Brooklyn, Adam America Real Estate brings a wealth of knowledge and experience to all aspects of the development process. As a company with an international focus, Adam America Real Estate has successfully structured investment partnerships with companies in China and Europe.

With its excellent location, great amenities and attractive design, the Galerie condo development in Long Island City presents an excellent investment opportunity for anyone who is interested in adding to their portfolio. If you decide that this property is right for you, Ankor will be happy to handle all of your property management needs. Through your partnership with our expert property management team, you will be sure to get the most out of your property investment.

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