Well, that was fast. 26-14 Jackson Avenue hit the rental market in late August, now the 14-story, 98-unit development is half leased. (It’s worth mentioning the building includes 20 affordable rental units, which were occupied through a lottery process.) Upon opening, MNS Real Estate priced the market rate units starting at $1,984 a month for studios, $2,654 a month for one bedrooms, and $3,277 a month for two bedrooms — including one month free. Queens Courier notes that a two bedroom is asking as high as $4,846 a month. Apartment sizes range from 469 to 1,115 square feet.
Building amenities include a fitness center, virtual doorman, laundry room and furnished roof deck. Andrew Barrocas, CEO of MNS, tells the Courier that the quick leasing was due to the development’s proximity to Manhattan off nearby subway lines and cheaper monthly prices in comparison to Brooklyn.
26-16 Jackson Avenue, the 80/20 affordable and market-rate rental development built at the former Dykes Lumber site, is ready for residents. Curbed noted that the building started leasing over the weekend. MNS is handling the market rate rentals, which are priced from $1,984 a month for studios, $2,654 a month for one bedrooms, and $3,277 a month for two bedrooms. (The price includes one month free.) The affordable units went up for lottery this spring with prices ranging from $539 to $893 a month with income restrictions between $21,382 and $41,950. Here are some details of the development from the brokers:
All units offer stainless steel appliances, hardwood floors and generous closet space. On-site conveniences include a modern fitness center, virtual doorman and laundry room, but the true highlight is a furnished roof deck with panoramic views of the neighborhood and the Manhattan skyline.
The building will also hold around 5,000 square feet of ground floor commercial space. The 98-unit rental is the work of L+M Development and the architects GF55 Partners.
The scaffolding is down at 26-16 Jackson Avenue, the 80/20 affordable and market-rate rental development under construction on the former Dykes Lumber site. The finished product will boast a doorman, bike room, laundry room, gym and roof terrace for all tenants. The building will also have about 5,000-square-feet of ground floor commercial space. Work is expected to finish in the summer of next year.