The affordable housing lottery has launched for The Pecora, a 26-story residential building at 41-08 Crescent Street in Long Island City, Queens. Designed by Dan Ionescu Architects and developed by Watermark Capital Group, the structure yields 184 residences. Available on NYC Housing Connect are 56 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $117,703 to $227,500.
41-08 Crescent Street in Long Island City, Queens via NYC Housing Connect
41-08 Crescent Street in Long Island City, Queens via NYC Housing Connect
41-08 Crescent Street in Long Island City, Queens via NYC Housing Connect
Amenities include pet-friendly policies, storage, a garage, package lockers, bike storage lockers, gym, spa, yoga and dance studio, party rom, recreation room, children’s playroom business center, and rooftop terrace. Residences are equipped with washers and dryers, patios or balconies, hardwood floors, charging outlets with USB ports, intercoms, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity, including stove, heat, and hot water.
41-08 Crescent Street in Long Island City, Queens via NYC Housing Connect
41-08 Crescent Street in Long Island City, Queens via NYC Housing Connect
41-08 Crescent Street in Long Island City, Queens via NYC Housing Connect
At 130 percent of the AMI, there are 17 studios with a monthly rent of $3,271 for incomes ranging from $117,703 to $168,480; 24 one-bedrooms with a monthly rent of $3,408 for incomes ranging from $123,703 to $189,540; and 15 two-bedrooms with a monthly rent of $3,702 for incomes ranging from $136,938 to $227,500.
Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than May 18, 2026.
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LIC now means expensive and boring.
The article should mention how much rents are if you are making $120,000. The most should be 2000 a month .
$3400 a month for a small one bedroom is way to high. That is $40,800 in rent for a tiny apartment. They don’t mention the square footage . Making 120 paying 41 is close to 34%.
Don’t worry…the coming financial crisis will put an end to any more new projects like this.
Jeez, such “Doom & Gloom”😅, how about let market forces dictate rents & development, etc,(NYC always prevail regardless mkt undulations), & While I’m not a huge fan of LIC or this building, I’ve lived in a highrise before, & I bet the views of Manhattan + transit convenience & amenities, probably make these residences pretty sweet actually.
*NYC will always prevail regardless of market undulations, rather