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Eight-story development coming to Astoria

Photo credit: Brett Fisher

Jan. 5, 2024 By Ethan Marshall

Plans were unveiled Thursday for an 8-story, two building development in Astoria.

The development, known as Fabric Astoria, will have 99 units spread across two sites–22-54 46th St. and 22-51 45th St. The 45th Street building will consist of 64 rental units. The 46th Street building will comprise of 35 condominiums.

While 25 of the condominiums will be market-rate homes, the other 10 will be affordable units for middle-income households. These condominiums range in price from $750,000 to $1.75 million and in size from one-bedroom to three-bedroom units.

The rental units in the second building range from studios to three-bedroom apartments. Of the 64 residences, 20 of them will be affordable to middle-income households while the other 44 will be market rate. The monthly rent for these units will range from $3,000-$7,000.

The building will feature more than 22,000 square feet of amenities. They include a furnished and landscaped roof-top terrace with a view of Manhattan, a furnished and landscaped terrace on the second floor with a barbeque grill station, a courtyard on the ground floor for exercise and play, a lounge with convertible billiards/dining tables, a working space with a private conference room and working stations, a state-of-the-art fitness center, a sauna, a playroom for kids, bicycle storage and on-site parking garage with electric vehicle chargers.

The project was developed by the New York City real estate company Mega Development. The architecture firm Dattner Architects, also based in New York City, designed the buildings.

“As we continue to deliver quality housing to the communities of New York City, we are excited to produce residences with stylish finishes and a robust amenity package for the neighborhood of Astoria,” Emanuel Kokinakis, Development Principal of Mega Development, said.

The New York City-based real estate firm M.N.S. Real Estate is handling the leasing and marketing of Fabric Astoria.

“Our team is thrilled to serve as the leasing and marketing firm for Fabric Astoria,” M.N.S. Real Estate CEO  Andrew Barrocas said. “We are excited to see the building’s impact on the already buzzing Astoria market and we’re confident that the amenities included will set the standard for future developments in the neighborhood.”

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