Listing Courtesy of Douglas Elliman Real Estate
$1,425,000
Potential Rebate: $21,375
<p> <strong>78-29 Austin Street</strong></p> <p> <strong>Penthouse 2P</strong></p> <p>Introducing Penthouse 2P, an impressive two-bedroom, two-bathroom penthouse residence spanning 1,072 interior square feet, and with a 125 square foot private terrace. With interiors by Italian design firm S20M, Penthouse 2P features dramatic ceiling heights up to 10 feet tall. </p> <p>White Oak herringbone wood floors and spectacular custom wall paneling run throughout the primary living spaces, while the gracious living room is punctuated with floor-to-ceiling triple glazed windows. The adjacent private terrace allows for true indoor / outdoor living. The custom Scavolini kitchen features a best-in-class integrated suite of Viking appliances, including an induction cooktop with Savalo marble hood, refrigerator, dishwasher, and microwave. Glass upper cabinets with undermount lighting are paired with Italian Calacatta marble countertops. </p> <p>The private primary bedroom suite features an expansive walk-in closet and a tranquil en-suite bath. Anchored by a dual Porcelanosa vanity, the primary bathroom is equipped with Robern medicine cabinets, designer wall sconces, and wall mounted Toto toilet. The separate secondary bedroom is provided with ample closet space and is adjacent to the secondary bathroom.</p> <p>Penthouse 2P is equipped with a vented washer and dryer and a dedicated entry closet, while the private concierge closet provides the ultimate convenience. </p> <p>Nestled in the charming Forest Hills neighborhood, The Austin is a remarkable collection of 98 condominium residences. A transformative new development where every detail is exquisitely designed from the ground up, The Austin transcends the condominium status quo with outstanding craftsmanship and world class amenities, surrounded by abundant tranquil green spaces. Spanning Austin Street to Kew Forest Lane, this offering rivals anything else found in Queens.</p> <p>The Austin offers a refined collection of resort-style amenities designed to enhance everyday living. Residents are welcomed by a full-time doorman and concierge, with inviting spaces including a residents' lounge with garden views, a residents' library, and a vibrant children's playroom and music room. The state-of-the-art fitness center features cardio and strength equipment, a stretching studio, spa, and indoor basketball court. Two fully amenitized rooftop levels include an outdoor saltwater junior Olympic pool, pickleball court, outdoor cinema, and outdoor kitchen and dining areas with panoramic views of Manhattan and Queens. Additional conveniences include a live-in superintendent, pet spa, as well as private parking and private storage available for purchase.</p> <p>The complete offering terms are in the offering plan available from Sponsor, 78-29 Austin Street Holdings LLC, having an address at 227 Sea Breeze Avenue, 4th fl., Suite C-403, Brooklyn, NY 11224, File No. CD23-0253. All artist's renderings are for representational purposes only and are subject to variances. Finishes depicted in the artist's renderings are not necessarily indicative of what will be specified in the offering plan and not all items included in the artist's renderings are included in unit purchase. Equal Housing Opportunity.</p>
$7,906 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$21,375
Monthly savings impact
$59/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
2.5%
Experience
Member
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20058196

Compare average listing prices and value metrics for The Austin against the surrounding Forest Hills market.
than the Forest Hills price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Forest Hills.
Forest Hills is the "suburb in the city." Known for the exclusive Forest Hills Gardens, it feels like an English Tudor village dropped into Queens. For buyers seeking Forest Hills Queens real estate, it offers prestige, great schools, and a very comfortable lifestyle.
Living in Forest Hills is upscale. Austin Street offers high-end shopping and dining. As a Queens NYC neighborhood, it is a premier destination for families.
The market for homes for sale in Forest Hills varies from multi-million dollar mansions in the Gardens to luxury high-rise condos and pre-war co-ops.
It is one of the more expensive areas in Queens.
The lifestyle in Forest Hills is polished. Residents go to the West Side Tennis Club (former home of the US Open) and shop on Austin St.
The community is affluent and family-oriented.
Forest Hills is an express stop (E, F, M, R) and has an LIRR station. The commute is under 20 mins to Penn.
Forest Park is massive, offering hiking and horseback riding.
Amenities: The Forest Hills Stadium hosts major concerts.
Forest Hills is best for families, professionals seeking a quick commute, and those who want a suburban feel.

You can also call me anytime at +1 (315) 514-0164