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
April 3, 2017

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

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

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 […]

September 29, 2014

Real Estate Wire: Robert A.M. Stern’s “Scaled-Down” Luxury; Controversial Astoria Cove Project Approved

Robert A.M. Stern, the architect behind 15 Central Park West, is bringing a new 17-story tower to 20 East End Avenue. The building—said to be less pricey than Stern’s others—will have 43 units starting at $4.5M. Penthouses will go for $20M. [NYT] New renderings and listings appear for One John Street. [Brownstoner] East New York’s rapidly rising […]

August 5, 2014

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

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; […]