Leasing launches at Long Island City’s latest waterfront rental, from $2,900/month

Posted On Wed, April 28, 2021 By

Posted On Wed, April 28, 2021 By In Long Island City, Major Developments, New Developments, Rentals

All images courtesy of TF Cornerstone

One of the latest residential towers to rise on the Long Island City waterfront has officially kicked off leasing for its 200 market-rate apartments. Developed by TF Cornerstone as part of the redevelopment of Hunter’s Point South, 5241 Center Boulevard is one half of a two-building project designed by ODA, with SLCE as the architect of record. One- and two-bedroom apartments start at roughly $2,900/month and $3,525/month, respectively, with concessions included, according to current availability.

Residences at the 46-story 5241 Center Boulevard offer incredible East River and skyline views, modern finishes, in-unit laundry, and private outdoor space. The building shares amenity space with its “sibling” development at 5203 Center Boulevard, which rises 56 stories and contains 534 affordable units and 266 market-rate units.

The affordable housing lottery at the smaller tower launched last September for 185 units, with the lottery opening for the second tower sometime this summer. Special offers at 5241 Center Boulevard currently include two months free rent, one month owner paid, and a $1,000 security deposit for qualified buyers.

The two towers are connected by a central half-acre park designed by Mathews Nielsen Landscape Architects (MNLA), the firm behind Governors Island, Little Island, and the park at the Waterline Square development. Plus, Hunter’s Point South Park and Gantry Plaza State Park are just steps from the buildings.

Amenities at 5241 Center Boulevard include a third-floor outdoor terrace, fitness center, a clubroom with space to work, and bike storage. Residents who choose to opt into the building’s amenity program will have access to the offerings next door at 5203, which include a landscaped roof deck, a barbecue terrace, a media room with outdoor seating, a 13th-floor lounge and sundeck, and TFC’s HomeWork, a dedicated space for remote work.

The project also includes a 150-car parking garage, a community facility run by Selfhelp Community Services, and a 572-seat K-8 school, currently under construction.

“Living on the Long Island City waterfront, surrounded by nature, while having the city that never sleeps only a train stop away, is a miracle of proximity and practicality,” Zoe Elghanayan, principal and senior vice president at TF Cornerstone, said.

“The breeze, the light, the trees, and the open space are rejuvenating in a way that we never fully recognized before the pandemic. 5241 Center Blvd and the Hunter’s Point South waterfront neighborhood is a tonic for every generation.”

In total, the two buildings will bring 1,194 new residences to the neighborhood, with 719 of the units designated affordable and 100 units set aside for seniors. This site is part of the city’s larger redevelopment of Hunter’s Point South, which will bring a total of 5,000 residential units to the area, as well as the 11-acre Hunter’s Point South Park, which opened in 2018.

As 6sqft previously reported, a team made up of SHoP Architects, Phipps Houses, Related Companies, Monadnock Construction, and Ismael Leyva Architects designed two towers with 925 affordable units at Parcel A and B, completed during phase one of the project. TF Cornerstone is developing Parcel C.

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All images courtesy of TF Cornerstone

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Neighborhoods : Long Island City

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