Property Details

Rent-Stabilized (Rare) Luxury 1-Bedroom in Long Island City

*Monthly apartment rent is $3,045, but as an incentive, we are willing to provide a cash payment/subsidy to a successful assignee so that the net monthly rent is lowered to $2,750. Reach out if you'd like to discuss!
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Hello - I am the current tenant of 45-50 Pearson Street Apt 4Q, Long Island City. My wife and I are looking to do a lease transfer/assignment of our lovely Long Island City 1-Bedroom apartment. While we couldn’t be happier with the current apartment, we are currently in contract to purchase a new home and are looking to assign our current lease to a lovely replacement resident starting on or around June 1st, 2021.

Our lease ends March 31, 2022, and you will have the opportunity to renew your lease for a 1 or 2 year term thereafter.

What makes this apartment special? This is a rent-stabilized 1-Bedroom unit - extremely rare for a recent construction, luxury apartment in Long Island City. If you are not familiar with rent-controlled units, tenants living these rent-stabilized units can have their rent increased only by a certain legally-mandated percentage set by the NYC Rent Guidelines Board. In 2020, that rate was 0% for 1-year leases and 1% for 2-year leases. For you, this means no arbitrary rent hikes or hidden surprises when renewing your lease, what you pay now will largely be what you pay in the coming years.

Details:
We are looking to do a full assignment/transfer of our lease, starting on or around June 1st, 2021.

*Please note that you must meet the landlord’s income requirements (annual income of at least 40x monthly rent) to qualify for assignment.

Please reach out if you have any questions at all.

Apartment Details:

The residences at The Pearson Court Square have elegant wide-plank oak flooring and generous ceiling heights. The oversized windows adorn the rooms with an abundance of sunlight. Each residence has individually controlled heating and air conditioning. The gourmet kitchens are effortlessly elegant. Appointed with custom Lineadecor European cabinetry, polished Caesarstone countertops, Grohe fixtures, and stainless steel Frigidaire Professional Series appliances. Bathrooms are outfitted with custom Giagni tubs, Lineadecor vanities with integrated sinks, and Caroma Sydney Smart and Grohe fixtures. Building built in 2014.

Amenities:
Hard-wood floors Stainless steel Fridgidaire appliances including: full-size gas stove, microwave, fridge, dish washer, 24-hour doorman, Fitness center, Yoga Studio with classes Laundry facility, Outdoor basketball court, Bicycle storage room, 3 Common terraces Rooftop lounge and skyline views

Incentives

We are open to negotiating a monthly partial rent discount (either in the form of monthly rental assistance or cash payment)

Additional fee

Please note that you must meet the landlord’s income requirements (annual income of around 40x monthly rent) to qualify for assignment.

This may require verification of income, bank statements from the landlord