Jan. 19, 2022 By Christian Murray
The NYC Housing Preservation & Development has launched a lottery for 288 income-restricted units in a 71-story luxury building in the Queens Plaza section of Long Island City.
The development, called Sven, is located adjacent to the historic Clock Tower at 29-59 Northern Blvd., and features income-restricted units that range in price from $2,189 for a studio to $3,843 for a three-bedroom unit.
All of the income-restricted units are for prospective tenants who earn up to 130 percent of the area median income. For instance, the most inexpensive studio—at $2,189 per month—is for individuals who make up to $75,052. Meanwhile, the income limit for a family of 7 seeking a three-bedroom unit is $192,400.
The lottery is for 50 studios; 188 one-bedroom units; 41 two-bedroom units; and 9 three-bedroom units.
The building consists of 928 units, with 670 being market rate units. Leasing has already begun for the market rate units. The Durst Organization, which is the developer of the building, is handling the leasing of the market rate units in-house.
Sven is the second-tallest building in Queens—with the Skyline Tower being the tallest—and offers residents views of the Manhattan skyline and surrounding boroughs. The building, which has a unique curved shape façade, wraps around the historic Clock Tower.
The apartments are all outfitted with modern stainless-steel appliances and high-end design features, including European countertops, flooring and cabinetry; high-end washer and dryers; floor-to-ceiling double-pane windows; sound insulation; blackout shades in all bedrooms; and programmable thermal systems, giving residents control of the climate in their home.
The building also comes with 50,000 square feet of amenities, including a landscaped terrace with an outdoor swimming pool and a fitness center, complete with individual studios for yoga, pilates and boxing.
The building also provides residents with the ability to sign up for a membership to Spireworks. From their phones, tenants can change the colors of lights on the spires of properties like One World Trade Center and One Bryant Park.
The development is close to the E/M/R subway lines at Queens Plaza and the 7/N/W lines at Queensboro Plaza, as well as the Court Square transit hub.
Qualifying New Yorkers can apply for the affordable units until March 21, 2022. To apply click here.
Another Luxury tower that woll sit more than half empty. Probably getting taxpayer
funded tax breaks so they can have their half empty apartments. This is why thete is So Many Homeless .
No real Affordable Housing. Stop the tax bteaks and the luxury building will stop.Hochul will probably not .She loves illegal Immigrants and would NOT rven mention The No Bail Law which is killing NYC and State in her state if the state speech. She is just anothet Democratic Socialist who cares more about re- election than doing the right thing. Vote Republican for change. NYC is a city for the rich only. right now.
This is not so affordable !
I have a simple straightforward sales I need help drafting the legal sales agreement. Are you available to take such matter?
This is not so affordable!
Where it says income and household # the website freezes. This has been happening various times with all different lottery applications for this site. I find this suspect.
You call this affordable? Please, how are these deals being made anyway, what back room deals are happening to get these deals.
If you don’t find this affordable for the value of a luxury apartment, maybe living in the City is not for you. You get what you pay for.
Exactly, James. $75,000 is ‘income restricted’? In what world?