REAL ESTATE
Jonathan Rose Companies acquires Astoria building from Goodwill
BY JACOB KAYE
Johnathan Rose Companies acquired
Goodwill Terrace Apartments, a 202-
unit property in Astoria, for about $35
million, the company announced on
Wednesday, Jan. 8.
Goodwill Terrace Apartments, located
Sales in QueensHOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
DOUGLASTON WOODSIDE JAMAICA ESTATES HOWARD BEACH
Under $500,000
201-02 Rocky Hill Rd., Bayside
$499,888
Condo
2 bedrooms, 1 bathroom
Kwang Hyun Han, Keller Williams Realty
Landmark
$500,000-$900,000
160-29 76th Avenue, Fresh Meadows
$888,888
Cape
3 bedrooms, 2 bathrooms
Marc Richter, Commerce Realty Group
Over $900,000
138-34 10th Ave., Malba
$1,699,000
Hi Ranch
4 bedrooms, 3 bathrooms
Peter Korahais, Douglas Elliman Real
Estate
Under $500,000
35-16 82nd St., Jackson Heights
$484,000
Co-op
2 bedrooms, 1 bathroom
William Kokoris, Compas Greater NY
LLC
$500,000-$900,000
39-65 52nd St., Woodside
$595,000
Co-op
2 bedrooms, 1 bathroom
Livia Jovic, New York Way Real Estate
Corp
Over $900,000
47-16 39th St., Sunnyside
$1,350,000
Duplex, 2 families
5 bedrooms, 2 bathrooms
Marie Grant, Signature Premier Properties
Under $500,000
187-24 Tioga Dr., St. Albans
$475,000
Colonial
3 bedrooms, 1 full and 1 half bathrooms
Willie Jones, Bill Jones Real Estate
$500,000-$900,000
112-22 Colfax St., Queens Village
$545,000
Colonial
3 bedrooms, 2 bathrooms
Nancy Lella, Bernard Miglio Real Estate
Inc
Over $900,000
134-20 159th St., Jamaica
$925,000
Cape, 2 families
6 bedrooms, 3 bathrooms
Girvan Douglas, Sutherland Douglas
Realty Corp.
Under $500,000
125-10 Queens Blvd., Kew Gardens
$285,000
Co-op
1 bedroom, 1 bathroom
Edith Luciano, Century 21 Milestone
Realty
$500,000-$900,000
68-26 Harrow St., Forest Hills
$899,999, Townhouse, 2 families
2 bedrooms, 2 bathrooms
Mitra Hakimi, Mitra Hakimi Realty
Group LLC
Over $900,000
164-26 95th St., Howard Beach
$1,050,000
2 Story, 2 families
4 bedrooms, 3 full and 1 half bathrooms
Cecilia Calcagnile, Century 21 Amiable
Realty Group
at 4-21 27th Ave., was purchased
from Goodwill Industries of Greater
New York and Northern New Jersey
Inc., who built the aff ordable complex
in the 1970s. Th e building will remain
an aff ordable complex under Jonathan
Rose Companies, which will also invest
around $18 million into the property.
About $10 million of the investment
will go toward capital improvements
to increase energy effi ciency, modernize
the existing building and to create
new resident amenity and a social services
space.
Jonathan Rose Companies
acquired the building with a $28.5
million loan from New York City’s
Housing Development Corporation.
Additionally, the New York City
Department of Housing Preservation
and Development is working to preserve
the long-term aff ordability of
the building under the Mitchell-Lama
program, a program started in the
1950s that provides aff ordable rental
and co-op housing to middle-income
families.
As a nonprofi t, Goodwill NYNJ will
use the money from the sale to reinvest
into their mission.
“We will reinvest the proceeds from
this sale into the core mission of
Goodwill NYNJ programs that serve
30,000 people with disabilities and
other barriers to employment to gain
independence through the power of
work,” said Katy Gaul-Stigge, the president
and CEO of Goodwill NYNJ.
Rose Community Management, an
affi liate of Jonathan Rose Companies,
will take over management of the
building. Photo courtesy of Goodwill NYNJ