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.

    Stefano Boeri, the architect mastermind behind the famous plant-covered skyscrapers, is now designing Forest Cities in Liuzhou, China. #ForestCity #China
    Auction is the second scheduled in a month for a One57 unit and it could set a NYC foreclosure record. #BillionairesRow #Foreclosures
    Once a couch-surfing website, Airbnb moves on to luxury properties, further disrupting hospitality industry. #Airbnb #Luxury
Is Real Estate Crowdfunding The Fix That Urban Housing In America Really Needs?
Saving money for a down payment? One can only hope. Most millennial in their twenties or thirties are mortified that they might never be able…
Brooklyn And Queens’ Real Estate Sub-Markets Continue Their Ascent To The New Heights
So, the sales prices in Brooklyn and Queens hit record highs. Again. Just like they did in December 2016 and at the end of this…
The Economy Of Car Services And Delivery Apps Might Be Making NYC Less Eco-Friendly
Living in an eco-friendly neighborhood is a good thing. And, as it always the case with the good things, it also costs more. High rents…
Building Communities: What The U.S. Developers Should Learn From Soho China
As our world emerges into the new period of globalization and technology, some of the most important by-products of this process are buildings that have…
Five Reasons Why All Entrepreneurs Must Keep Their Eyes On China
It is hard to overestimate the importance of Chinese influence on the modern global economy. Carving out a place in Chinese market and winning over…
Airbnb Up Their Game With A New Luxury Tier Featuring Mansions And Villas
Airbnb is about to seriously up their game. First, the company started testing a new service called Select in an attempt to push accommodation listings…
Will Artificial Intelligence Change Real Estate Industry In The Next Five Years?
Globalization and tech progress are the two forces that are irreversibly changing the world. Robots, machines, artificial intelligence (AI) tools, and, of course, vast amounts…
While Miami Condos Cool, Neighboring Towns and Cities Heat Up
It’s a nervous time for Miami developers as the market cools and many units remain unsold compared to a year ago. “Sales are slow with…

TOP 10