ZL Capital held a groundbreaking ceremony on August 25, celebrating the start of construction of its new project, Athena LIC.
The Athena LIC in Long Island City is ZL Capital’s latest condominium development project. The 9-story boutique building will consist of 51 residential units and 4 retail spaces. Construction is expected to be completed in early 2023.
Project Athena LIC, at 27-20 42nd Road, in the Hunter’s Point section of Long Island City, is in an impeccable location. Besides the wide range of dining and entertainment options available nearby, with eight subway lines within walking distance, residents have multiple transportation choices for commutes to anywhere in Manhattan, Brooklyn and Queens.
ZL Capital acquired the Hunter’s Point industrial building for $15.5 million in 2020, with plans to transform it into the Athena LIC. Taxi-meter manufacturer Pulsar Technology Systems was the seller.
“Project Athena LIC’s mission is to provide its residents with an unmatched quality of life. From the design and the selection of materials and appliances to the completion of construction, we want to make sure that residents feel they have made the right choice every time they step into their home. Athena LIC is where luxury meets comfort, fully meeting quality-of-life expectations,” ZL Capital founder, Yu Liu said.
Interested investors can contact ZL Capital’s investor relations team at 212-287-5253 or info@zl.team.
“I love Project Athena LIC because I believe in its intrinsic value. The most convincing thing for me was its prime location, which is always the first consideration when exploring real estate opportunities; second, the developer has always maintained the highest standards when selecting materials and design. Based on these two reasons, I believe there is big upside potential for my investment,” Carol Luo, an investor in Project Athena LIC, said.
Long Island City is one of city’s fastest growing neighborhoods, ranked by Niche.com as “one of the best places to live in New York.” Over the past ten years, LIC’s population grew 3x faster than that of NYC overall while the number of jobs located in the neighborhood expanded at more than twice the rate for the city as a whole. A vibrant and liberal culture, home to a growing number of tech companies, 15 bus and 8 subway lines, steps away from a convenient ferry ride to Manhattan’s Midtown, best-of-the-borough bars and restaurants, several art museums led by MoMA PS1 and Hunter’s Point South Park’s 11-acre waterfront open space together make LIC a dynamic place to live and work.
