After several quiet years, the Long Island City waterfront is experiencing a buzz of activity almost as if to make up for lost time. The second phase of Hunter’s Point South Park opened in summer 2018, and in spring 2021, discussions began about a green energy hub. Additionally, a recent study by RentCafe found that Hunter's Point's skyline views and proximity to Manhattan via public transportation have led to an influx of over 5,400 new rental units over the past five years.
This figure represents 53 percent of the total number of newly built apartments in Queens in the past five years, and shows no sign of slowing down. Leasing launched at 52-41 Center Boulevard, part of the site known as Hunters Point South Parcel C, earlier this spring. Most recently, pre-leasing is underway at its sister tower 52-03 Center Boulevard.
This figure represents 53 percent of the total number of newly built apartments in Queens in the past five years, and shows no sign of slowing down. Leasing launched at 52-41 Center Boulevard, part of the site known as Hunters Point South Parcel C, earlier this spring. Most recently, pre-leasing is underway at its sister tower 52-03 Center Boulevard.
At 394 feet tall and 586 feet tall, respectively, 52-41 Center Boulevard and 52-03 Center Boulevard are New York’s tallest waterfront structures outside of Manhattan. The contemporary buildings are located on a parcel owned by TF Cornerstone and were designed by ODA, the winner of a citywide competition to develop the city-owned land.
Apartments look out on skyline views, and interiors feature modern appliances and finished. The kitchens come outfitted with Caesarstone countertops and gas stoves. Select units come with private terraces, in-unit washer/dryers, walk-in closets, and flexible alcove space.
A collection of two-bedrooms at 52-03 Center Boulevard ranges from $3,919/month to $4,978/month. The prices are net effective tor reflect one month free rent and one month OP, and the concession puts them closer to the Long Island City median rent of $4,800/month for similarly-sized apartments (per CityRealty listings). The building is also offering $1,000 security deposits for qualified buyers, as well as the option to use The Guarantors instead of paying a traditional security deposit.
Amenities at 52-41 Center Boulevard include a bike room, laundry room, and third-floor terrace accessible from the building’s fitness center and lounge. Residents who opt into the building’s amenity program will also be able to access the offerings of 52-03 Center Boulevard, which include a fitness center, co-working space with communal and individual stations, club room with outdoor terrace, 13th-floor lounge and sundeck, and 50th-floor landscaped roof deck.
Rendering via ODA New York
The two towers of the development are joined by a new half-acre park, and the project includes a new 22,000-square-foot park designed by Matthews Nielsen Landscape Architects. The aforementioned Hunter’s Point South Park is a stone’s throw away, and Gantry Plaza State Park is a short walk from the site. Many popular restaurants may be found nearby, as can the East River Ferry, the Vernon Boulevard-Jackson Avenue 7 subway station (only one stop away from Manhattan), bus stops, and a CitiBike station.
This leasing launch comes several months after an affordable housing lottery took place for 185 units in the south tower from $698/month. If there was any doubt about how in-demand these units are, a 2014 lottery for Hunters Point South Phase 1 saw 93,000 people applying for 925 units. If you missed this lottery, an affordable lottery for 270 units from $397/month is taking place at Gotham Point, the two-towered development at Hunter's Point South Parcel F and G that will dethrone this development as the tallest at 612 feet high. Full details on this and all ongoing affordable housing lotteries may be found here.
Upon completion, 52-03 and 52-41 Center Boulevard will have a total of 1,194 units between the two with 719 affordable units, 100 of which will be reserved for seniors. This is the largest affordable housing project New York has completed in the past 40 years, but is nowhere near enough to meet the demand that has only grown in the wake of the coronavirus pandemic and the economic fallout.
Lottery criteria via Housing Connect
Hunters Point South master plan via NYC EDC
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