A New Beach Front Condo Building Slated For the Rockaways Amid A Slew Of New Development

Five years on since Superstorm Sandy, Queens’ coastal peninsula is in the midst of a development boom.

By Jeff Vasishta May 16, 2017
Photo courtesy of Buzz Buzz Home

Proving that New Yorkers are the masters of reinvention, particularly when it comes to real estate, a new millennial-friendly condo tower is due to rise up in the Rockaways, Queens—the first of its kind since Superstorm Sandy devastated the area in 2012.

A nine-story building called One Sixteen, will house 90 one-to-three-bedroom units at 147 Beach 116th St. Most of the apartments will come with an outdoor space and will have a common roof deck, gym and and doorman. The developers are the Marcal Group and the broker/marketers are Compass. According to the the building’s website, apartments will start at $300,000 are “Crafted with meticulous detail and versatile finishes…comfortable spaces ideal for entertaining or relaxing at home.”

Related: Broker’s Brace Themselves For Government’s Visa Clampdown To Hurt Real Estate

Bolstering the appeal of the property was the May 1st launched city run ferry service which allows a one hour commute to Wall St., weather and waves permitting. The multi-borough line also includes routes to Astoria, Sunset Park and Lower Manhattan. There will also be surf board racks, presumably not meant or Wall St. commuters, at during the work week. Free shuttle beach bound buses will help ensure surf dudes and dudettes can catch a wave or two during the summer months.

The Rockaways are currently basking in a wave of newly-completed or about to be completed development projects which is transforming the post Sandy landscape. The often delayed boardwalk has now been completely remade and will open on Memorial Day, 2017.

There has also been a city investment (by the Economic Development Corporation in partnership with HPD) of $91 million in downtown Rockaway, near Mott & Central Avenues. Developers have been urged to tender proposals for a city-owned lot, with ongoing submissions expected throughout 2017.

Related: Can Big Data Become The Foundation For The Home Of Tomorrow?

Lest there is a temptation to think that the Rockaways is attempting to usher in gentrification with hipster centric new condos, a number of affordable housing projects are being developed. They include a 101-unit, environmentally sustainable seven-story building called Beach Green North, which hosts roof garden and solar panels. Natural gas boilers provide the additional heat and electricity. Rents range from $653 a month for a studio to $1,597 for three bedrooms.

Another affordable housing development is 93-06 Shore Front Parkway with 63 apartments with rents ranging from $690 for a studio and $2,120 for a three bedroom.

The 154-unit Beach Channel Senior Apartments is targeted for low-income residents, with 46 apartments for formerly homeless seniors.

The Rockaway’s high unemployment and the addition of more low income residents (the eastern end of the peninsula already has five NYCHA low-income projects) has existing locals worried that not enough economic stimulus is being provided.

“The development of vacant lots will bring a sense of community to the area,” Jonathan Gaska, district manager for Community Board 14 said. “The board would like to see more market-rate housing in order to attract people with disposable income here to create jobs.”

Jeff Vasishta



Jeff is a writer, husband and father but not necessarily in that order. As a music journalist he counts Prince, Beyonce and Quincy Jones amongst those he’s interviewed. He's also owned and flipped homes in Brooklyn, NJ, CT and PA.

    Avocado toasts are the reason why millennials can’t afford a home, says one Australian real estate developer. #AvocadoToast #Millennials
    Five years on since Superstorm Sandy, Queens’ coastal peninsula is in the midst of a development boom. #Development #Rockaways
    It turns out, renters can’t get enough of good ol’ no-doorman-no-frills apartments. Too bad developers aren’t building any. #Doorman #LuxuryRentals
The Housing Market In Shenzhen, The Silicon Valley of China, Slows In 2017
The city of Shenzhen has been on the real estate radar for quite some time. It is known as the Silicon Valley of China. Many…
Developers Jump Aboard The Trend To Revamp Transit Hubs And Remake Cities
Never has the often used marketing term, “close to transportation” been more important when attracting home buyers. These days it’s not just homes that are…
Millennials Are Fueling The Current Sizzling Real Estate Market
Ever wondered why the hosts of home improvement shows seem to be getting progressively younger, along with the fresh-faced couples getting their new properties made…
The Best Cities For Recent Grads To Rent – Without Blowing Their Entire Paycheck
What’s next post graduation? For most, the logical answer is to find a job. After the excitement of finishing your studies and the big celebration,…
Luxury Knows No Limit In Malaysia As A Deluge Of New Developments Hit The Market
The amount of newly constructed high-end real estate in Malaysia is almost as abundant as the lush vegetation which covers the tropical landscape. Despite vacant…
Don’t Call It A Commune – Upscale Co-Living Is Attracting Major Development
What may have once been referred to as a commune is today termed a co-living space. The big news that it’s not hippies with hemp…
It’s Official—New York Is Now The Most Expensive City In The World To Build
As if you didn’t already know, it’s expensive to build in New York City. Not just expensive but now officially the most expensive place in…
An Ultimate Destination For The Most Comprehensive Real Estate Data, Agorafy Prepares To Launch Nationwide
In the coming days, Agorafy will be entering a new chapter. It is the beginning of a new growth cycle in real estate technology with…

TOP 10