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“With demand skyrocketing across virtually every neighborhood—particularly from international renters—2025 is off to a strong start,” — JR Sena, Managing Director at Compass Development Marketing Group

10 new or soon-to-arrive rental developments across NYC



Developed by Lloyd Goldman's BLDG Management, The Orchard is a 824 unit rental development in Long Island City that will be the tallest building in Queens at 823 feet. The project is designed by Perkins Eastman and boasts over 100,000 square feet of amenities, including a 60,000 square foot landscaped backyard with an outdoor swimming pool, three pickleball courts, running track, outdoor movie theater, and numerous green spaces, including an orchard grove, yoga terrace, dog park, and numerous private cabanas, grills, and fire pits, as well as a children’s playground.
The Gotham Living dedicated concierge team complements the amenity suite by offering a selection of unique events and programming, enabling residents to cultivate a rich lifestyle. Abode by Gotham studios are equipped with multifunctional and transforming furniture. Studios start at $3,495 to two-bedrooms beginning at $6,400.

These new amenities complement existing shared spaces across the development, including a Fitness Center, Yoga Studio, indoor Bouldering wall, Library, multiple co-working lounges and conference rooms, private screening rooms, and a Digital Game Lounge. The development also offers a 24-hour attended lobby, package concierge, indoor parking, monthly events, and pet-friendly services.
The third tower of Journal Squared is now offering two months free rent on an 18-month lease. More details here.


The building’s motto is “Spend less on rent. Live more” and will offer studio, one-, and two-bedroom residences from $1,537 per month through a housing lottery. More details here.

499 President Street is an eight-story, 350-unit rental located at the nexus of Park Slope and Gowanus. Developed by Brodsky and Avery Hall, 499 President is the newest addition to the transformation of Gowanus. The project consists of 350 rental units designed by New York-based firm SLCE Architects and interiors by Brooklyn design studio CL-OTH. Leasing will launch in February 2025. All studio to two-bedroom units feature oversized windows. Residential amenities include a fitness center with yoga studio, a lounge, a golf simulator, a central laundry room, bike storage, a garage with electric vehicle charging stations, and a rooftop pool and terrace.
As of mid-January 2025, there is an open affordable housing lottery with units going for as low as $748/month. More details here.

