Chen of Fultonex reps ownership in $1.855 million sale of 1,456 s/f office condo

Queens, NY Co-developers F&T Group and SCG America has completed the $1.855 million sale of a commercial condominium purchased by Quontic Bank within office condominium building, Tangram Tower.

A Member FDIC bank headquartered in Astoria, Queens, Quontic Bank will occupy part of the 10th floor, 1,456 s/f, after the unit is complete in 3Q 2019. Sale prices average $1,274 per s/f within the 12-story building, currently under construction.

Eunice Chen of Fultonex Realty, LLC represented the ownership, Tangram Tower Sponsor LLC, in the sale. Huanyan Li of Century Homes Realty Group, LLC representedQuontic Bank.

Tangram Tower is comprised of class A office space tailored for medical practitioners, professionals and business owners. Consisting of 48 office condominiums designed by Margulies Hoelzli Architecture, the building is part of the 1.2 million s/f multi-phased, mixed-use Tangram development in Flushing, which will also bring a total of 317 residences; a 207-key branded lifestyle hotel; 275,000 gross s/f of cutting-edge retail; themed restaurants; a culinary food hall; beer garden; and a variety of entertainment options including a 4DX movie theater.

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