28 DECEMBER 9, 2021 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
Hunters Point is third most apartment-crazed neighborhood in U.S.: Survey
BY KAYLA WONG
EDITORIAL@QNS.COM
@QNS
Hunters Point in Long Island City has been named
the third most apartment-crazed neighborhood
nationally, topping the list in New York City, according
to a survey by RentCafe.
Highly sought aft er for their convenient locations,
vibrant amenities and thriving social environments,
urban neighborhoods around the nation have seen a
boom in new apartments in the last fi ve years, with
about 1.6 million new rentals built in that time frame.
The survey found the top 20 most active neighborhoods
have delivered a staggering 80,000 brand-new
rental units alone from 2017 to 2021. Leading the list is
Downtown Los Angeles.
In the last fi ve years, developers in Hunters Point
added a fresh batch of 5,423 new rental units, representing
53% of all of the newly built apartments in Queens.
Most people know Hunters Point as the place to catch
a brilliant view of the Manhattan skyline, but it’s also a
neighborhood that has seen a lot of transformation in
the last few years, especially in real estate.
Starting as an industrial, factory-ridden neighborhood,
Hunters Point has grown into a premier residential
enclave for renters and owners alike, thanks to an
abundance of ultra-luxe condos and apartments.
With just one subway stop from Midtown Manhattan,
it is also ideal for residents who want to remain close to
Manhattan, said Bryan Kelly, president of development
at Gotham Organization.
“The development in Hunters Point South is part of
a master plan conceived by the city to create a large
mixed-income community on underutilized land to
meet the ever-growing need for equitable access to
housing,” Kelly said.
The plan includes the Gotham Point site, TF Cornerstone’s
two towers further north along Center
Boulevard, which are currently in lease-up, and the
original Hunters Point South site developed by Related.
“In the last fi ve years alone, Hunters Point South
has undergone a dramatic transformation,” said Zoe
Elghanayan, principal and senior vice president at TF
Cornerstone. “The public amenities available and the
vastly improved waterfront accessibility has transformed
a once abandoned industrial land into a now
resilient waterfront park, full of public art and activities,
playgrounds and pedestrian-friendly pathways.”
More notable than the quantity of residential
growth is the quality of residential growth, Elghanayan
said. With 5,000 units under development,
60% are permanently aff ordable for low, moderate and
middle-income households.
“Over the past decade, as rents have risen, this
aff ordable housing option provides access to those
who otherwise would be priced out of the area,” Kelly
said. “When the housing market grows, we also see
strong growth through the retail and commercial
market, such as health services, grocery stores and
restaurants.”
Developers at Hunters Point South hope this growth
will attract not only residents but also small- and
large-format retailers and nonprofi ts looking for
community facility space, all of whom are key to the
community’s longevity and diversity, Kelly said.
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
65th Lane
Listings selected at random. Courtesy MLS
Under $600,000
Under $600,000
1671 Summerfield St., Unit 3F
$549,000
Condo
1 bedroom, 1 bathroom
Ronny Zimin, Bedrock LLC
$600,000-$1,000,000
64-34 65th Lane #A
$899,000
Multi-family
6 bedrooms, 3 bathrooms
Gabriel Kashi, Keystone Realty
USA Corp.
Over $1,000,000
1666 Jefferson Ave.
$1,195,000
Multi-family
9 bedrooms, 3 bathrooms
Maywatte Mahabir, Besmatch Real
Estate
Rutledge Avenue 53rd Drive 71st Street
Under $600,000
90-50 Union Tpke., Unit 4D
$325,000
High-rise
2 bedroom, 1 bathroom
Bartosz Olszewski and Michal
Marek, Bart R E Partners Inc.
$600,000-$1,000,000
8801 Rutledge Ave.
Townhouse
3 bedrooms, 2 bathrooms
Mitra Hakimi, Mitra Hakimi Realty
Group
Over $1,000,000
7733 88th St.
$1,299,000
Single-family
4 bedrooms, 3 bathrooms
Erika Demkowicz, Donna
Demkowicz R E Corp.
Under $600,000
64-79 59th Ave.
$445,000
Single-family
1 bedroom, 1 bathroom
Lucy Lu, Landmark International
R E LLC
$600,000-$1,000,000
73-49 52nd Drive
$850,000
Single-family
3 bedrooms, 2 bathrooms
Michele Cheng, Keller Williams
Realty Greater
Over $1,000,000
69-30 53rd Drive
$1,449,880
Multi-family
6 bedrooms, 5 bathrooms
Pedro Woss, K & P Realty Services
Inc.
Under $600,000
60-70 Woodhaven Blvd., Unit 5D
$559,000
Condo
2 bedrooms, 2 bathrooms
Sherry Jiang, Nest Seekers
International
$600,000-$1,000,000
64-10 70th St.
$775,000
Single-family
3 bedrooms, 2 bathrooms
Jonathan Kingston, Pullini Realty
Corp.
Over $1,000,000
6423 71st St.
$1,299,000
Single-family
3 bedrooms, 4 bathrooms
Andrew LaSala, Crifasi Real
Estate
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