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Queens New Construction & Proposed Multifamily Projects 4Q20

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Queens New Construction & Proposed Multifamily Projects 4Q20 1 25 40 21 54 20 41 42 3 43 7 61 22 51 ID PROPERTY UNITS 1 The Elm West 142 3 The Strand 130 Total Lease Up 272 7 One Archer Avenue 315 13 The Tides at Arverne by the Sea Phase II 88 Total Under Construction 403 20 69-65 Yellowstone Blvd 198 21 98-10 63rd Road 261 22 3-50 St. Nicholas Avenue 138 25 69-02 Queens Blvd 295 Total Planned 892 40 86-15 Queens 142 41 Woodside Green 346 42 57-46 56th Street 100 43 Gates Avenue Apartments 525 51 95-08 147th Place 118 52 13-38 Central Avenue 219 52 53 Beach Channel 257 54 Rego Park 170 53 61 147-07 94th Avenue 522 65 65 Edgemere Commons 2,200 13 Total Prospective 4,599 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Queens New Construction & Proposed Multifamily Projects 4Q20 23 2 46 44 45 48 60 ID PROPERTY UNITS 2 The Urban 103 4 Parkhill City Phase II 482 47 Total Lease Up 585 23 144-51 Northern Blvd 132 26 159-29 90th Avenue 136 Total Planned 268 44 131-01 39th Avenue 368 45 131-35 Roosevelt Avenue / 39-08 Janet Place 457 46 133-25 37th Avenue 146 47 71-12 Park Avenue 800 4 62 50 48 Special Flushing Waterfront District 1,725 64 49 26 49 153rd 207 63 50 90-02 168th Street 300 60 The Kissena Center 244 62 153 - 10 88th Avenue 223 63 Archer Towers 620 64 Archer Towers Phase II 400 Total Prospective 5,490 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Queens New Construction & Proposed Multifamily Projects 4Q20 17 56 28 6 5 27 15 30 ID PROPERTY UNITS 5 11-12 30th Drive 534 29 6 Waterfront Residential Complex 500 8 Hunter's Point North 800 10 Hunter's Point South 394 15 Alma Towers 404 Total Under Construction 2,632 16 59 55 16 37-11 30th Street 199 31 17 Halletts Point Phase II 652 24 Hunter's Point South Phase II 689 Total Planned 1,540 27 21-12 30th Road 112 57 28 26-15 4th Street 118 29 30-22 46th Street 136 30 3701 30th Street 199 8 31 Innovation QNS 2,700 32 2-10 54th Avenue 812 10 38 55-01 Second Street 575 55 47 - 15 34th Avenue 238 38 32 56 Astoria Cove 1,723 24 57 Anable Basin 4,995 59 Silvercup West 1,000 Total Prospective 12,608 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Queens New Construction & Proposed Multifamily Projects 4Q20 9 19 18 12 39 35 58 36 34 37 ID PROPERTY UNITS 9 Sven 958 33 11 45-57 Davis Street 158 12 The Cove 123 14 14 5Pointz Redevelopment 1,122 Total Under Construction 2,361 18 23-11 43rd Avenue 240 11 19 42-50 24th Street 240 Total Planned 480 33 24 Jackson Avenue 100 34 27-10 44th Drive 157 35 27-34 Jackson 220 36 43-15 Queens Street 500 37 45-01 23rd Street 285 39 Jackson West 150 58 Jackson East 100 Total Prospective 1,512 200 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Queens New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 The Elm West 85 - 15 Queens Blvd Elmhurst NY 11373 Lease-Up 142 Elmhurst 05/19/2017 03/31/2021 08/11/2020 2 The Urban 144 - 74 Northern Blvd Flushing NY 11354 Lease-Up 103 Flushing 02/01/2019 03/31/2021 06/16/2020 3 The Strand 18 - 81 Starr Street Ridgewood NY 11385 Lease-Up 130 Middle Village 08/31/2018 01/31/2021 09/01/2020 4 Parkhill City Phase II 152 - 09 88th Avenue Jamaica NY 11432 Lease-Up 482 Jamaica 02/01/2017 01/31/2021 05/12/2020 Total Lease-Up 857 5 11-12 30th Drive 11 - 12 30th Drive Long Island City NY 11102 Under Construction 534 Astoria 12/13/2020 11/30/2023 6 Waterfront Residential Complex 30 - 77 Vernon Blvd Astoria NY 11102 Under Construction 500 Astoria 11/06/2020 04/30/2023 7 One Archer Avenue 160 - 05 Archer Avenue Jamaica NY 11433 Under Construction 315 Jamaica 04/06/2020 07/31/2022 8 Hunter's Point North 52 - 03 Center Blvd Long Island City NY 11101 Under Construction 800 Long Island City 11/04/2019 05/31/2022 9 Sven 29 - 37 41st Avenue Long Island City NY 11101 Under Construction 958 Long Island City 03/13/2019 04/30/2022 10 Hunter's Point South 52 - 41 Center Blvd Long Island City NY 11101 Under Construction 394 Long Island City 09/19/2019 10/31/2021 11 45-57 Davis Street 45 - 57 Davis Street Long Island City NY 11101 Under Construction 158 Long Island City 01/08/2020 08/31/2021 12 The Cove 43 - 12 Hunter Street Long Island City NY 11101 Under Construction 123 Long Island City 09/29/2018 06/30/2021 13 The Tides at Arverne by the Sea Phase II 190 Beach 69th Street Arverne NY 11692 Under Construction 88 Rockaway 02/19/2019 04/30/2021 14 5Pointz Redevelopment 22 - 44 Jackson Avenue Long Island City NY 11101 Under Construction 1,122 Long Island City 08/09/2016 04/30/2021 15 Alma Towers 34 - 46 Vernon Blvd Astoria NY 11106 Under Construction 404 Astoria 06/01/2014 02/28/2021 Total Under Construction 5,396 16 37-11 30th Street 37 - 11 30th Street Long Island City NY 11101 Planned 199 Astoria 17 Halletts Point Phase II 10 Hallets Point Astoria NY 11102 Planned 652 Astoria 18 23-11 43rd Avenue 23 - 11 43rd Avenue Queens NY 11101 Planned 240 Long Island City 19 42-50 24th Street 42 - 50 24th Street Long Island City NY 11101 Planned 240 Long Island City 20 69-65 Yellowstone Blvd 69 - 65 Yellowstone Blvd Queens NY 11375 Planned 198 Forest Hills - Rego Park 21 98-10 63rd Road 98 - 10 63rd Road Rego Park NY 11374 Planned 261 Forest Hills - Rego Park 22 3-50 St. Nicholas Avenue 3 - 50 St. Nicholas Avenue Flushing NY 11385 Planned 138 Middle Village 23 144-51 Northern Blvd 144 - 51 Northern Blvd Flushing NY 11354 Planned 132 Flushing 24 Hunter's Point South Phase II 57 - 28 2nd Street Long Island City NY 11101 Planned 689 Long Island City 25 69-02 Queens Blvd 69 - 02 Queens Blvd Flushing NY 11377 Planned 295 Woodside 26 159-29 90th Avenue 159 - 29 90th Avenue Jamaica NY 11432 Planned 136 Jamaica Total Planned 3,180 27 21-12 30th Road 21 - 12 30th Road Astoria NY 11102 Prospective 112 Astoria 28 26-15 4th Street 26 - 15 4th Street Astoria NY 11102 Prospective 118 Astoria 29 30-22 46th Street 30 - 22 46th Street Astoria NY 11103 Prospective 136 Astoria 30 3701 30th Street 37 - 01 30th Avenue Astoria NY 11103 Prospective 199 Astoria 31 Innovation QNS 35th Avenue & Northern Blvd Queens NY 11101 Prospective 2,700 Astoria 32 2-10 54th Avenue 2 - 10 54th Avenue Long Island City NY 11101 Prospective 812 Long Island City 33 24 Jackson Avenue 11 - 24 Jackson Avenue Long Island City NY 11101 Prospective 100 Long Island City Source: Yardi Matrix Yardi Source: Queens New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 34 27-10 44th Drive 27 - 10 44th Drive Long Island City NY 11101 Prospective 157 Long Island City 35 27-34 Jackson 27 - 34 Jackson Avenue Long Island NY 11101 Prospective 220 Long Island City 36 43-15 Queens Street 43 - 15 Queens Street Long Island City NY 11101 Prospective 500 Long Island City 37 45-01 23rd Street 45 - 01 23rd Street Long Island City NY 11101 Prospective 285 Long Island City 38 55-01 Second Street 55 - 01 2nd Street Long Island City NY 11101 Prospective 575 Long Island City 39 Jackson West 27 - 01 Jackson Avenue Long Island City NY 11101 Prospective 150 Long Island City 40 86-15 Queens 86 - 15 Queens Blvd Queens NY 11373 Prospective 142 Elmhurst 41 Woodside Green 72 - 01 Queens Blvd Flushing NY 11377 Prospective 346 Forest Hills - Rego Park 42 57-46 56th Street 57 - 46 56th Street Flushing NY 11385 Prospective 100 Middle Village 43 Gates Avenue Apartments 1590 Gates Avenue Flushing NY 11385 Prospective 525 Middle Village 44 131-01 39th Avenue 131 - 01 39th Avenue Queens NY 11354 Prospective 368 Flushing 131-35 Roosevelt Avenue / 45 39 - 08 Janet Place Flushing NY 11354 Prospective 457 Flushing 39-08 Janet Place 46 133-25 37th Avenue 133 - 25 37th Avenue Flushing NY 11354 Prospective 146 Flushing 47 71-12 Park Avenue 71 - 12 Park Avenue Queens NY 11365 Prospective 800 Flushing 48 Special Flushing Waterfront District College Point Blvd & Roosevelt Avenue Queens NY 11354 Prospective 1,725 Flushing 49 153rd 88 - 20 153rd Street Jamaica NY 11433 Prospective 207 Jamaica 50 90-02 168th Street 90 - 02 168th Street Jamaica NY 11432 Prospective 300 Jamaica 51 95-08 147th Place 95 - 08 147th Place Queens NY 11435 Prospective 118 Jamaica 52 13-38 Central Avenue 13 - 38 Central Avenue Far Rockaway NY 11691 Prospective 219 Rockaway 53 Beach Channel 5119 Beach Channel Drive Far Rockaway NY 11691 Prospective 257 Rockaway 54 Rego Park 98 - 85 Queens Blvd Flushing NY 11374 Prospective 170 55 47 - 15 34th Avenue 47 - 15 34th Avenue Long Island City NY 11101 Prospective 238 Astoria 56 Astoria Cove 8 - 01 26th Avenue Astoria NY 11102 Prospective 1,723 Astoria 57 Anable Basin 5th Street & 46th Avenue Long Island City NY 11101 Prospective 4,995 Long Island City 58 Jackson East 26 - 32 Jackson Avenue Long Island City NY 11101 Prospective 100 Long Island City 59 Silvercup West 42 - 02 Vernon Blvd Long Island City NY 11101 Prospective 1,000 Long Island City 60 The Kissena Center 46 - 15 Kissena Blvd Flushing NY 11355 Prospective 244 Flushing 61 147-07 94th Avenue 147 - 07 94th Avenue Jamaica NY 11435 Prospective 522 Jamaica 62 153 - 10 88th Avenue 153 - 10 88th Avenue Jamaica NY 11432 Prospective 223 Jamaica 63 Archer Towers 163 - 05 Archer Avenue Jamaica NY 11433 Prospective 620 Jamaica 64 Archer Towers Phase II 163 - 05 Archer Avenue Jamaica NY 11433 Prospective 400 Jamaica 65 Edgemere Commons 51 - 15 Beach Channel Drive Far Rockaway NY 11691 Prospective 2,200 Rockaway Total Prospective 24,209 TOTAL QUEENS 33,642 Source: Yardi Matrix Yardi Source: © 2020 Berkadia Real Estate Advisors LLC.
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