The Roosevelt, the 31-unit rental located at 40-07 73rd Street off Roosevelt Avenue, is totally spoken for. Brokers from Citi Habitats inform us that the building is 100 percent leased; listings launched in October of 2013. Back then, the convertible two bedrooms started at $2,400 a month, with two bedrooms at $2,400 and three bedrooms at $3,600. All units came with their own outdoor space.
The Roosevelt made headlines when a penthouse unit rented for $4,100 a month, making it the most expensive apartment to ever rent in the neighborhoods of Woodside, Elmhurst or Jackson Heights. Citi Habitats didn’t negotiate on rents, although they offered apartments no fee with another offer for two months free on a 13 month lease. Before its life as a rental development, the Roosevelt was a failed condo project known as the Bravo. Guess rentals were the trick!
Right before the controversial Jackson Heights/82nd Street BID expansion is put up for a vote, the executive director of the neighborhood organization has taken a new job in Manhattan. Seth Taylor (pictured left, with Director of Business Services Sofia Davila) has worked for the 82nd Street Partnership over the past two years and will start at the NoHo NY Business Improvement District on September 15th. He told DNAinfo, who broke the news, “There’s never an ideal time to move on, but we felt like this was a good time now that we’ve written our district plan [for the expansion].” Taylor caught a lot of heat during the public review process of the expansion, with many small business owners worried that the BID would price them out. At a public meeting in July, some BID opponents asked him to step down, said DNAinfo.
Taylor helped improve sanitation, increase fundraising and renovate storefronts in the neighborhood. He’s also behind the BID’s popular event Viva La Comida. The 82nd Street Partnership is now actively looking for his replacement.
This semi-detached, single-family home at 34-36 88th Street, in Jackson Heights, is asking $995,000. It hit the market this spring for $1,095,000 and looks like it entered contract after the price decreased. It was relisted earlier this month. The interior’s got good bones, with some detailing left like fireplaces and hardwood floors. There are other areas of the house giving off a 1970s suburban vibe — the mirrored wall in the living room, the outdated kitchen, the wood paneling. Looks like upgrading will be required. Do you think it’ll get ask?
Earlier this summer, we reported that Frank’s Pharmacy would relocate in Jackson Heights after a massive fire hit the Bruson Building on 37th Avenue. (Over 50 small businesses located within the building were lost in total.) Frank’s new location is 77-01 37th Avenue, on the corner of 77th Street. Now the New York Daily News reports the location will open on September 20th.
The News writes that Frank Buonagurio, who’s owned the pharmacy for 23 years, contemplated early retirement after the fire. A broker contacted him about the new space at 77th Street and 37th Avenue, which previously operated as a pharmacy, and he decided to move in. He’ll occupy 2,300 square feet on the ground floor with 2,300 square feet of basement storage space.
The MTA started a $11,200,000 restoration on the 74th Street-Broadway subway station which will last all the way through January of 2015. DNAinfo reports that the first phases of work started on the two escalators running from the 7 train mezzanine to the E,F,M and R trains below. (While those two escalators are now closed, there are two more escalators and an elevator for passengers to use.) The MTA’s plan is to “improve reliability and efficiency” for both. Other improvements include enlarging an existing escalator machine room to install new equipment. That’s a lot of money and a lot of time for elevator construction, but there you go. According to DNAinfo, the the 74th Street-Broadway and Jackson Heights-Roosevelt Avenue train station is the 16th busiest stop in the city.
Jackson Heights, are you ready for this? This Hampton Court co-op just hit the market with the noteworthy price tag of $949,000. (Maintenance: $1,600 a month.) A Jackson Heights Life commenter calls this “the highest listed apartment that I’ve ever seen.” It’s a four-bedroom, two-bathroom duplex unit — definitely a unique apartment in the co-op market. The interior’s gorgeous and well-kept, too, with a separate laundry room, renovated kitchen and lots of original detailing.
There’s no square footage listed, but the JHL commenter guesses that “if the apartment is more around 1600 square feet, we are talking about close to $600 / square foot. An unheard of price in Jackson Heights.” It’s true, this listing could shape up to be a game changer for the neighborhood market. Readers, what do you make of that asking price? GMAP
The folks over at Groundswell contacted me last week, advising that the start of their 2014 schedule of mural painting was at hand. Their list of projects spanned three boroughs, with murals being created in Queens’s South Jamaica and Jackson Heights, over in Brooklyn’s Brownsville, Bushwick, and Greenpoint, and a couple of installations were even happening up in the Boogie down Bronx as well.
I opted to visit the Jackson Heights project, which was set to occur on the wall of a supermarket found at 34-20 Junction Boulevard. The actual mural project is on 34th Road, which is between 34th and 35th avenues.
Groundswell brings together artists, youth, and community organizations to use art as a tool for social change for a more just and equitable world. Our projects beautify neighborhoods, engage youth in societal and personal transformation, and give expression to ideas and perspectives that are underrepresented in the public dialogue.