Rise LIC launches leasing in Dutch Kills; Affordable apartments from $1,458/month

By CityRealty Staff | From LIC / Queens Friday, February 18, 2022

All images of Rise LIC via Modern Spaces

There may have been a time when Long Island City was considered the bronze medal for New Yorkers priced out of Manhattan and Brooklyn; however, to look at the local streetscape now, that time has long since passed. CityRealty listings show only 81 publicly listed Long Island City apartments for rent, and all of them are located in the amenity-rich new buildings that have risen in recent years. New rental Rise LIC, located in the Dutch Kills section at 29-17 40th Avenue, has just launched leasing in this environment.

A number of units have already been snapped up, and remaining availabilities start at $2,900/month for studios, $3,275/month for one-bedrooms, $4,100/month for two-bedrooms, and $6,600/month for three-bedrooms. According to CityRealty listings, this puts Rise LIC in line with the Long Island City median rent, which ranges from $3,198/month for studios to $6,600/month for three-bedrooms..

The leasing launch comes at roughly the same time as an affordable lottery for 31 units in the building. Households earning $54,309-$192,400 are eligible to apply for apartments ranging from $1,486/month studios to a three-bedroom for $3,200/month. The deadline to apply is March 24, 2022, and full details and criteria may be found here.

All images of Rise LIC via Modern Spaces

Lottery criteria via Housing Connect

The new 10-story building was designed by Fogarty Finger Architects, whose portfolio includes the nearby, Flatiron-inspired NOVA condominium. Rise LIC gracefully curves against its corner, and its gray brick and oversized windows pay homage to the local industrial history. However, the lobby’s green wall and contemporary artwork nod to the needs and desires of today’s renters.

Market-rate and affordable units alike feature:

Floor-to-ceiling windows
Organic materials
Light wood flooring
High ceilings
Modern kitchens with sleek gray cabinetry, open shelving, and stainless steel appliances
Spa-inspired baths with contemporary palettes, floating sinks, and terrazzo-inspired tiling
In-unit washer/dryer
Bumblebee modular furniture in select units

The extensive amenity package includes:

Electric scooters by Levy
Hello Alfred concierge service
Rooftop with indoor lounge and billiards table, outdoor terrace, and BBQ area
Fitness center and yoga studio
Lobby with green wall
Bike storage
On-site parking
Dog wash area
Central laundry room

Following a 2008 rezoning that allowed for greater residential and mixed-use development, Dutch Kills has evolved into a robust community with easy access to the N/W trains at 39th Avenue-Dutch Kills, the E/M/R trains at Queens Plaza, and the 7/N/W trains at Queensboro Plaza. Rise LIC is located a short distance from JACX office tower, JetBlue’s corporate office, and Silvercup Studios, allowing easy access for all types of area workers. Nearby recreational offerings include Brooklyn Boulders Queensbridge, Court 16 LIC tennis courts, and Queensbridge Park

Developers and residents have clearly taken notice: Boutique condo The Neighborly is now sold out, and rentals ARC and Line LIC are now fully leased. Leasing is underway at the 958-unit SVEN, a soaring new tower with over 50,000 square feet of amenities and environmentally friendly features throughout.

Google Earth aerial of Long Island City's Dutch Kills and Queens Plaza areas

Rise LIC Leasing

Rise LIC Leasing
Rise LIC
29-17 40th Avenue
11101

(929) 219-XXXX

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