Grand Three At Sky View Parc

The Building

Fine Print

• Homes above a mall: the shopping center fills the cellar through floor 5. You reach the homes by elevator from a street lobby at Roosevelt Avenue and College Point Boulevard up to a Sky Lobby and rooftop plaza, then walk to the Grand Three lobby on floor 8.
• A six-tower homeowners association: Schedule C budgets the HOA for 1,241 units in Towers One, Two and Three and Grand One, Two and Three. Your share is billed through your common charges.
• Plan on no 421-a: the building needs a discretionary extension from HPD to qualify, and the plan says getting it "will be difficult."
• A flip fee: if you resell within three years of buying from the sponsor, you pay the condo board 3%, 2% or 1% of the resale price, depending on the year.
• Mostly small homes: units run from studios of about 467 square feet to three-bedrooms of about 1,869 square feet, with most of them one-bedrooms and nearly all with a balcony or terrace.
• No backup generator: the architect's report says no emergency power generator is provided.
• You don't vote for the HOA board: it's made up of each tower's condo board president (and Towers One and Two's vice president). When the plan was filed, the directors included four people employed by or consulting for sponsor affiliates.
• Paying the mall: the street lobby sits in a unit of the retail condominium, and the HOA must pay more than its proportionate share of that condo's common charges, budgeted at $248,200 a year.
• Flood zone: the site is in FEMA Zone AE. The plan expects the mall garage's cellar level to flood in extreme storms, and the residential lobby sits about 21 feet above the expected flood level.
• Sponsor control: the sponsor can rent rather than sell and controls the condo board until the later of five years after the first closing or the closing of 90% of the units. It only has to sell 42 units to declare the plan effective.
• The manager's apartment loan: if buyers' payments don't cover unit 9J, the board signs a three-year note to the sponsor. If it can't repay, owners may be assessed.
• Construction around you: work on the other Grand towers and amenities may continue after you move in, and the permanent certificate of occupancy waits until the whole Grand is substantially done.
• Roof rights: the sponsor keeps an exclusive right to put antennas and dishes on the roof and keep the income.

Grand Three at Sky View Parc sits on the block bounded by Roosevelt Avenue, College Point Boulevard, 40th Road and the Flushing River, about an 8-minute walk from the 7 train at Flushing-Main St. Its offering plan explains how the tower, the HOA and the mall below fit together and what that costs you.

FAQ

Does Grand Three at Sky View Parc have a pool?

Yes, a shared one. The homeowners association runs a 28-by-75-foot outdoor pool between Grand One and Grand Two, open in summer with a lifeguard, and Grand Three owners also get the Grand Club's gym and spa.

Does Grand Three have a 421-a tax abatement?

The plan says the building doesn't currently qualify and that buyers should assume it won't, since qualifying would need a discretionary extension from HPD. Year-one taxes are estimated at about $1.46 million for the building and are expected to rise after that.

What is the Sky View Parc Homeowners Association?

It's the association every owner joins automatically. It owns or runs the street lobby, Sky Lobby, rooftop plaza, pool and Grand Club, and its charges, about $531,000 for Grand Three in year one, are billed through your common charges.

Where this comes from: the building's offering plan (CD150390) as filed with the New York Attorney General, including its Special Risks, Description of the Property and Improvements, the Sky View Parc Homeowners Association section, the architect's Description of Property and Building Condition, Schedule A, Schedules B, B-1 and C and Identity of Parties. Prices are the sponsor's offering prices, not sales, and budget figures are the sponsor's first-year projections. Later amendments may change them. Updated October 2026.