The Cove readies for leasing as 45 days remain for affordable housing lottery; See new LIC apartments

By CityRealty Staff | From LIC / Queens Tuesday, October 20, 2020

(l-r) Rendering via NEAT Agency; construction progress via CityRealty

Over the past few years, Rockrose Development has transformed the Long Island City skyline and rental market alike with soaring new amenity-rich rentals. Linc LIC was the neighborhood’s tallest building when it opened in 2013, but would later be dwarfed by Eagle Lofts and Hayden. The developer continues to transform neighborhoods - a towering new rental is on the rise near Hudson Yards - but has not forgotten Long Island City: Construction is winding down on The Cove, a new 18-story tower designed by SLCE Architects, and a registration site has just launched. Market-rate prices are not listed, but Long Island City median rents range from $2,348/month for studios to $3,700/month (figures per CityRealty listings).

Lottery criteria via Housing Connect

The launch comes at a time when an affordable housing lottery is in effect at The Cove. Individuals and households earning 130 percent of the area median income ($68,229-159,640) are eligible to apply for 37 units ranging from $1,990/month studios to $3,072/month two-beds. Full details and criteria may be found here. If you do not qualify for this lottery, see CityRealty’s list of ongoing affordable housing lotteries.

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All units will feature in-unit washer/dryers, luxurious baths, and wood flooring throughout. The kitchens will be outfitted with quartz countertops and stainless steel appliances. Residential amenities will include virtual doorman, lounge, bike room, game room, fitness center, sun lounge, and roof deck with barbecue grills.

The Cove is in the heart of a residential building boom that seeks to take advantage of spectacular skyline views and easy access to Manhattan. The building is a five-minute walk to the E/G/M/7 lines at Court Square, the E/R/M trains at Queens Plaza, and the 7/N/W trains at Queensboro Plaza, allowing for as little as a 15-minute commute to Midtown; the Long Island City ferry and Long Island Railroad stops are only a little further afield. Closer to home, it is a short walk to the Sculpture Center, MoMA PS1, a grocery store, and Broadway dining.