Sunnyside Post

Sunnyside NY news

Woodside apartments offering ‘affordable luxury’ hit market Feb.

Jan. 24, By Christian Murray

A large Woodside apartment complex is about to open at 52-05 Queens Boulevard—with rents starting at $1,500 for a studio and $2,350 for a two bedroom.

The 9-story complex, called The Icon52, is being pitched as providing “affordable luxury in a quiet neighborhood with considerable proximity to the city.”

The complex, which is across the street from Calvary Cemetery, is about a block from the 52nd Street train station.

Modern Spaces, a Long Island City-headquarter real estate firm, is in charge of leasing the properties.

Eric Benaim, the chief executive of Modern Spaces, said the firm will start showing them on February 9 and that tenants can move in on March 1.

 

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63 Responses »

  1. NativeNYER is proof that people are completely out of touch with reality.

    if you think 94k for an apartment is reasonable, a good deal and affordable, you’re either a lying sack of shill or completely delusional. Either way you’re full of it.

    The rest of us clear thinkers know full well that even with a double income, considering the rest of the cost of living, 2000+ a month for renting an apartment is sheer lunacy.

  2. @SunnysideSux – Learn to read. NativeNYer is talking about what is affordable rent vs. income. 94k annual rent for an apt is some swanky 3 bdrm luxury building on CPW. We are talking about 2350/mo being afforable in a 94k annual household income (not hard as NativeNYer pointed out).

  3. Angray! YOU learn to read , My comments are for BOTH points. 94k is too much to pay for ANY apartment and 2000+ is too much for that neighborhood.

  4. Use the 40 rule to see if this icon52 is out of their minds. (Monthly rent)x(40) and that should be the annual income. People making +95K in Woodside… not THAT much. In lic… yes.

    This place will have ton’s of vacancy and will become a dump. Give it 2 years.

  5. @sunnysidesux – While yes the 94k annual rent is expensive for us, it isn’t for the multi millionaires.

    Back to the discussion at hand, it is all about perception. You may think it is expensive, but if you are used to paying 3500 for a 2 bdrm in Manhattan, this is a bargain.

    A teacher of 5 years+ in LI will make 90k. These salaries are posted publicly. Forget what the bankers are making. How are the prices not affordable?

  6. I would say the closest comparison to a building like this would be the Elm on Queens Boulevard. I just looked up comparables and 570-650sf 1 bedrooms range in the $1600-$2,000 price point. This is rented units, not units currently on market. 2bd units rented in the $2300-$2600 price point. So this building is in line with what’s currently out there.

    I personally wouldn’t pay that much to live on a highway though. But if these “lux” units were in more prime neighborhoods, they’d be a lot pricier I’m sure.

    The fact of the matter is I think a lot of people on this site who are commenting don’t really understand that incomes and therefore pricing is not what it used to be. A 1st grade teacher who is right out of college ($45k starting salary) who is married to a first year cop ($41k starting salary) make enough to afford a 2bd in this building. It’s not that unaffordable. Comparably, they can afford a small studio or 1 bed in a walk up building in “not particularly prime” are in Manhattan (ie Yorkville or Harlem) at the similar price point.

    OldSchoolSunnyider

    At least I use my real name on this page unlike you. I’ve never worked on a building in Queens so opinions I give are always honest, based upon my 10+ years experience working on Manhattan buildings. And while there are disagreements on this page, I don’t insult people. Why don’t you try the same?

    Or are you too ashamed? You wouldn’t say these things to my face?

  7. @sunnysideSux: I did not write a rent of 94k, I said an annual INCOME of 94k could afford the rents the article listed. Perhaps if you could comprehend simple math you’d have a higher income?

  8. @Sunnysidesux

    Are you serious right now? READ THE POST AGAIN.

    There is nothing about rent being $94K. Not a thing.

    The accepted formula for figuring out how much rent one can/should be able to afford is whether his household INCOME is 40x the rent. So, if someone’s INCOME is $94K, then the $2350/month rent is reasonable for him.

    You lose at reading comprehension.

  9. Anyway, what you will get as an extra FREE is lots of fumes in the summer and/or a high air conditioning bill in the warmer months.

    Who want to live on QB with all of that traffic.

    This is a middle income neighborhood, always was and I can’t believe the rents people are being asked to pay ….

  10. 52nd street and Queens Boulevard? Lol

  11. What’s up with that huge apartment building near the Big 6, The Terrace Woodside?

    How many years now? 2? 3?

    The only tenant is a Deals, not a great sign….

  12. What’s up with that huge apartment building near the Big 6, The Terrace Woodside?

    How many years now? 2? 3?

    The only tenant is a Deals, not a great sign….

  13. M$ to make $$ in W’side and Sunnyside without regards to the poor tenants. bling bling luxury

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