New York’s MoMA PS1 is getting a fancy new neighbor: The Jackson, a high-end 11-story condominium where each of the two penthouse units will cost a cool $4 million, reports DNAinfo.

If you’re in the market for some Queens real estate, the apartments are expected to be up for sale from the Modern Spaces brokerage firm beginning next month. The building will have 56 apartments, with non-penthouse prices ranging from $600,000 to $3 million.

It will be located just across the street from MoMA PS1, which recently announced a year-long free admission policy for New York city residents.

The Jackson is designed by New York architect Fogarty Finger, who has built several other residential buildings in the metropolitan area, and renovated and redesigned corporate facilities in Manhattan. The building is slated to be completed in 2017.

A rendering of the Jackson, a new condo being built in Long Island City near MoMA PS1.
Photo: Fogarty Finger, courtesy Modern Spaces.

“The Jackson is creating a high-end level of luxury that doesn’t currently exist in this area of Long Island City,” said Modern Spaces founder Eric Benaim in a statement.

Of course, the 13-33 Jackson Ave. property, at 47th Avenue, is just a stone’s throw from 5Pointz, the former graffiti mecca that was controversially razed to make way for a set of also-forthcoming luxury apartment towers. Those new residences, from developers G&M Realty, will continue to bear the 5Pointz name, despite legal challenges from the artists whose work once graced the walls of the crumbling industrial complex.

A rendering of the Jackson, a new condo being built in Long Island City near MoMA PS1.
Photo: Fogarty Finger, courtesy Modern Spaces.

There’s also new residential development planned at the Museum of Modern Art’s Manhattan flagship, which is expanding into a Jean Nouvel-designed tower. The upper floors of the new building, called 53W53, will tower above much of the city at 1,050 feet tall, with duplex units that will cost as much as $39.2 million.

G&M realty have announced plans to include specially-designated graffiti walls as part of the new 5Pointz incarnation.

A rendering of the Jackson, a new condo being built in Long Island City near MoMA PS1.
Photo: Fogarty Finger, courtesy Modern Spaces.

The Jackson’s developers (Charney Construction and Development, Ascent Development, and Tavros Capital Partners) are also looking to acknowledge the neighborhood’s artistic bent with a glass mural by Tom Fruin, of Brooklyn’s stained glass water towers.