Developer Tsilo Group is hoping to open and begin leasing in its new 62-unit Astoria rental building called The Grove this fall, according to representatives of Modern Spaces, which was chosen to exclusively handle marketing in the building.
The seven-story building at 30-40 21st St. will offer a mix of studios, one- and two-bedrooms apartments. The units will feature washers and dryers, maple hardwood floors, and kitchens with Italian cabinets and Caesarstone countertops. Amenities in the building include a gym, and a landscaped rooftop with lounges and sunbathing area.
Rental prices in the building have not been released yet, but average rental rates in the neighborhood are $2,395 per month for a studio, $2,588 for a one-bedroom and $3,393 for a two-bedroom apartment, according to data from Modern Spaces.
Those rates are much higher than those in most areas in the borough, but reflects the demand in the neighborhood due to its access to transportation, established commercial strips, diverse restaurants and entertainment venues, such as the Museum of the Moving Image and the Beer Garden at Bohemian Hall. Modern Spaces believes these community amenities will attract residents to The Grove.
“Astoria is a culturally diverse and established neighborhood with a true sense of community,” said Modern Spaces’ Greg Kyroglou, who will lead the marketing effort of the building. “The Grove will not only provide well-crafted homes to potential renters but also give them a chance to experience all that makes this area so special.”