Astoria Cove

June 5, 2017

Live in a new Astoria building near Halletts Points from $889/month

Known as Astoria Cove, this newly constructed 28-unit rental at 26-27 2nd Street is just a block away from the under-construction Halletts Point mega-development. The seven-building project will bring 2,400 housing units to the Astoria neighborhood, as well as a stop for the East River Ferry, a supermarket, school, and waterfront park. Six households earning 60 percent of the median income have a chance to live near all the upcoming action through the city's affordable housing lottery that's offering $889/month one-bedrooms and $1,001/month two-bedrooms.
Find out if you qualify

Affordable Housing

Queens Astoria Cove waterfront site on the market for $350 million ahead of expected 421-a renewal

Image courtesy of STUDIO V Architecture

April 3, 2017

Queens Astoria Cove waterfront site on the market for $350 million ahead of expected 421-a renewal

By Michelle Cohen

A 2.2 million-square-foot mixed-use development site known as Astoria Cove, on nearly nine acres along the East River in Astoria, is seeking a buyer, asking $350 million, Crain's reports. The site hit the market in mid-March in anticipation of the reinstatement of the 421-a affordable housing tax credit program that had languished since its expiration over a year ago amid debates between the Real Estate Board of New York (REBNY) and unions on whether to require higher wages in certain cases. Alma Realty Corp. hired Cushman & Wakefield investment company to market the site; according to sales executive Bob Knakal, "We wouldn't have hit the market with Astoria Cove in the past 16 months because of the uncertainty around 421-a, but there's been a sense of optimism in recent weeks that 421-a will be back and with it, the land market will strengthen."
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November 25, 2014

Real Estate Wire: Debate Continues over Brooklyn Bridge Park’s Pier 6; Looking at Coney Island Boardwalk’s Surrounding Neighborhoods

By Dana Schulz

Brooklyn Bridge Park Corp. defends Pier 6 development with need for potential revenue. [Crain’s] Actor Mark Ruffalo joins the fight against the NYU expansion plan. [NY Post] Coney Island’s boardwalk is experiencing a renaissance, but what about the surrounding neighborhoods? [WSJ] City Council approves the controversial Astoria Cove project. [NYO] Upper East Side residents who […]

Real Estate Trends

September 22, 2014

Real Estate Wire: 15 CPW Pad Sells for 3x’s Its Purchase Price; Atlantic Yards Modular Tower Could Leak

By Diane Pham

A tower unit at 15 Central Park West has sold for nearly $10M, about three times what the owner paid for it. [NYO] The Astoria Cove housing development is required to set aside 20% of its 1,700 units for lower-income residents, but the city may push for as many as 30%. [Crain’s] The Fiscal Policy Institute […]

Real Estate Trends

August 6, 2014

Real Estate Wire: 15 Hudson Yards Gets a Makeover; Tips for Buying Waterfront Property in NYC

By Diane Pham

Diller Scofidio + Renfro gives 15 Hudson Yards gets a makeover, taking away some of its flair. [NY YIMBY] 9 things you should know before buying a waterfront property in NYC. [DNA Info] A map of the 1,100 affordable housing units coming to Downtown Brooklyn. [DNA Info] The nation of Qatar has backed out of a […]

Real Estate Trends

August 5, 2014

Real Estate Wire: Ismael Leyva’s Design for a High Line Condo; Bed-Stuy Real Estate is Red Hot

By Diane Pham

First look at the Ismael Leyva-designed, Related Companies-developed condominium planned for West 30th Street between Tenth and Eleventh Avenues, a site that overlooks the High Line Park. [Curbed] Jonathan Miller pinpoints two new records for NYC: The average sales price for NYC residential real estate (co-ops, condos and 1-3 family sales) reached a record $975,441 for 2Q 2014; […]

Real Estate Trends

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