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Long Island City family-sized units to go for $7000 per month

By amol on March 14, 2017

Rendering by Newman Design Architects via YIMBY

March 14, By Hannah Wulkan

A developer is building townhouses in Long Island City with units large enough for families.

Developer GDC Properties is in the process of building a 76-unit complex that consists of 38 four-story town houses with two duplexes in each.

The development will take up half a block between 45th Road, 11th Street, 46th Avenue, and 21st Street at 35-45 11th Street, YIMBY first reported.

The development is slated to be completed by the end of the year, and each duplex will range between 1,900 to 2,300 square feet with two or three bedrooms and will rent for around $7,000 per month.

Lower duplexes will have the first two floors of the house, as well as a finished basement and private backyards. Upper duplexes will have the top two floors, as well as an upper penthouse level with a wet bar and refrigerator, and a private roof deck with an AstroTurf lawn, YIMBY reported.

The development will also have an interior courtyard and lawn that will be shared by all occupants.

“Our approach is to appeal to a pretty targeted niche of young families who want to take advantage of easy access to employment centers in Manhattan and Brooklyn,” GDC co-chairman Adam Ginsburg told YIMBY. “People who have a couple of kids and need three bedrooms have few options, especially if they’re renters, within reasonable striking distance of Manhattan.”

The developer bought the 50,000 square foot property for $37 million in 2014 and began construction last fall.

Posted in Wires | Tagged wires

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