Carlyle Group pays record price for Long Island luxury tower

A fund managed by the Carlyle Group has agreed to pay $284 million for a luxury apartment rental tower in Long Island City, Queens.

The seller is a joint venture that includes the Hakim Organization, Property Markets Group and Howard Lorber’s New Valley.

When the sale closes, the 45-story 1 QPS Tower is expected to be the highest purchase price for an apartment rental building in Queens, reported The Wall Street Journal < https://www.wsj.com/articles/carlyle-group-fund-bets-on-long-island-city-1534969647 >. 

The 391-unit tower is 99 percent occupied. ​