You are reading

Lottery Opens for 288 Units in 71-Story Building Near Queens Plaza, Studios Start at $2,189

Sven has a unique curved-shape façade that wraps around the historic Clock Tower. (Photo: The Durst Organization/Giles Ashford)

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.

Income limits and rental prices

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.

A unit at Sven (Photo: The Durst Organization/Giles Ashford)

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.

The pool at Sven (Photo: The Durst Organization/Giles Ashford)

email the author: news@queenspost.com

9 Comments

Click for Comments 
MRLIC

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.

1
1
Reply
John Fulkerson

I have a simple straightforward sales I need help drafting the legal sales agreement. Are you available to take such matter?

John Fulkerson.

Reply
Brett

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.

Reply
james edstrom

You call this affordable? Please, how are these deals being made anyway, what back room deals are happening to get these deals.

13
1
Reply
Frank

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.

Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

NY Hall of Science debuts CityWorks, its largest exhibition in over a decade

The New York Hall of Science in Corona opened its largest interactive exhibition in more than a decade on Saturday, May 3. The exhibition explores the often invisible inner workings of the built urban environment.

CityWorks is housed in a 6,000 square foot gallery, and the exhibit was created by a team of NYCSI exhibit developers, researchers, and educators over the past five years. Visitors will have the opportunity to explore the intricate systems and engineering that enable cities to function, including how they break, evolve, and endure.

Twenty people indicted in Queens-based $4.6M vehicle theft ring after three-year probe: DA

Twenty individuals were indicted and variously charged in a wide-ranging scheme to steal cars in Queens, throughout New York City and its suburbs, following a three-year investigation by the Queens District Attorney’s Office, the NYPD, and the New York State Police dubbed “Operation Hellcat,” into the criminal enterprise based in Queens.

Some of the vehicles were stolen from owners’ driveways, some with the keys or key fobs inside. The stolen vehicles were often sold through advertisements on social media platforms such as Facebook and Instagram. The defendants are charged in nine separate indictments for a total of 373 counts, Queens District Attorney Melinda Katz announced on Thursday.