Lottery opens for 534 mixed-income units at Hunter’s Point South development, from $537/month

Posted On Wed, June 16, 2021 By

Posted On Wed, June 16, 2021 By In affordable housing, housing lotteries, Long Island City

Rendering of 5203 Center Boulevard & 5241 Center Boulevard courtesy of TF Cornerstone

A housing lottery opened on Wednesday for 534 mixed-income apartments at a massive rental in Long Island City. As part of the latest phase of TF Cornerstone’s redevelopment of Hunter’s Point South, 5203 Center Boulevard is one of two buildings at the site designed by ODA, with SLCE as the architect of record. Qualifying New Yorkers earning 40, 50, 130, and 165 percent of the area median income can apply for the apartments, which range from $537/month studios to $3,065/month two-bedrooms. About 100 of the units will be set aside for senior New Yorkers aged 62 and older.


The club room at 5203 Center Blvd; Courtesy of TF Cornerstone

The 56-story tower at 5203 Center Boulevard has a total of 534 affordable apartments and 266 market-rate units. Residences at the building boast “high-end kitchen appliances and modern finishes,” according to a press release. Some units come equipped with in-unit laundry, alcove space, and private terraces. Leasing is expected to launch for the market-rate apartments at the end of the summer.

The units available through the city’s housing lottery are rent-stabilized and will remain so for the duration of the tenant’s lease.


The half-acre park designed by MNLA; courtesy of TF Cornerstone


The club room at 5241 Center Blvd; Courtesy of TF Cornerstone


Playroom; Courtesy of TF Cornerstone

Amenities at the building include bike storage, a clubroom, lounge, co-working space, fitness center with a yoga studio, a playroom, and landscaped outdoor areas with grills, and a sundeck.

The building shares amenity space with its 46-story “sibling” development at 5241 Center Boulevard, which recently launched leasing with one- and two-bedroom apartments starting at roughly $2,900/month and $3,525/month, respectively. A housing lottery at the smaller tower opened last fall with 185 income-restricted units.

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

“TF Cornerstone is proud to continue its investment in Long Island City’s waterfront with our development at Hunter’s Point South,” Zoe Elghanayan, principal and senior vice president at TF Cornerstone, said. “With 60% of the apartments designated as permanently affordable units and a brand-new public park, we are thrilled to be a part of making the Long Island City waterfront and Hunter’s Point South more accessible and activated than ever before.”

The project also includes a 150-car parking garage, a 7,700-square-foot community facility, and a 572-seat K-8 school, which will be built just east of the development. Health and human service organization Selfhelp Community Services will have an office at the site and will provide on-site services for older adults living in the 100 units designated for seniors.

The two towers will bring 1,194 new residences to the neighborhood, with 719 of the units designated affordable. Under the city’s broader redevelopment of Hunter’s Point South, 5,000 residential units are expected, with the 11-acre Hunter’s Point South Park open since 2018.

SHoP Architects, Phipps Houses, Related Companies, Monadnock Construction, and Ismael Leyva Architects collaborated on two towers with 925 affordable units at Parcel A and B, completed during phase one of the project. TF Cornerstone’s project is at Parcel C.

Qualifying New Yorkers can apply for the affordable units until August 16, 2021. Preference for 50 percent of the units will be given to residents of Queens Community Board 2. Complete details on how to apply are available here. Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

If you don’t qualify for the housing lotteries mentioned, visit CityRealty.com’s no-fee rentals page for other apartment deals in the city.

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All images courtesy of TF Cornerstone

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Neighborhoods : Long Island City

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