All renderings by Aufgang Architects

The City Council voted yesterday to give the go-ahead to the Arker Companies’ massive redevelopment of the former Peninsula Hospital site in Far Rockaway. Named Edgemere Commons, the 11-building project in the Edgemere neighborhood will include 2,050 units of affordable housing, the largest such project by a private developer under the de Blasio administration. It will also have commercial, community facility, and retail space, including a new supermarket, as well as a playground and a public plaza (rendering also show, of course, a food hall). After 104 years, the hospital closed in 2012 due mainly to financial troubles. The Edgemere Commons project hopes to “reactivate the site” and “spur economic growth in Far Rockaway,” according to a press release.

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Listing images by Matt Vacca; courtesy The Corcoran Group

If you don’t mind the trek, you can find some nice properties out in the Rockaways—like this home at 148-16 Newport Avenue, nestled in the affluent enclave of Neponsit. With a $3.85 million price tag, it’s by no means a bargain—despite its distance from pricier Manhattan and Brooklyn—but if you have the budget, you’ll get 4,800 square feet of living space and an impressive backyard complete with an in-ground pool, gazebo, and sweet Jamaica Bay views.

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Prices creeping toward the $3 million mark are typically reserved for Manhattan condos and Brooklyn brownstones, but this rather unsightly home in the Rockaways thinks it can fetch a similar sum. Sure it’s on the water in the affluent enclave of Neponsit (and has enough parking for eight cars–what New Yorker doesn’t want that?), but $2.5 million is much higher than most comparable houses in the area. But if you’re willing to drop the dough, you’ll get pretty impressive bay views, balconies off every bedroom, a rear deck, and a backyard with a greenhouse.

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