REAL estate steps back into the headlines this week. First off a pair of affordable housing lotteries in LIC were announced. The bigger one is for 288 units at the massive 71-story Sven Tower in Queens Plaza. One bedrooms are $2,189, 2-br’s $3,328, and 3-br’s are $3,843 – if you win lotto. For comparisons sake, a reminder that market rate apartments at the relatively new American Copper Towers in Manhattan had 1-br’s starting at $4,958 and 2-br’s at $8,067, and I’m guessing similar market-rate apartments along the LIC waterfront are going for a 25-35% discount to these.
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