A peek at ST’s newest studios

A studio facing First Avenue built out of a former trunk room (Photos by Sabina Mollot)

A studio facing First Avenue built out of a former trunk room (Photos by Sabina Mollot)

By Sabina Mollot

Since last summer, five new studio apartments have popped up in Stuyvesant Town. At this time, though they’re not yet on the market, they will be soon, having finally completed their transformation from former trunk rooms and other spaces once used for storage.

The rents for the studios, which are bigger than the five studios built last year on Avenue C, haven’t been officially determined yet. A Blackstone rep said that won’t be decided until a city inspection. However, they will be market rate.

CWCapital had declined to comment on the units as they were being built at 250, 270, 280 and 300 First Avenue and 435 East 14th Street. Permits for their being built were approved on June 30.

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Rents lowered on ST studio apartments

Bedroom alcove of studio apartment (photo from pcvstliving.com)

Bedroom alcove of studio apartment (photo from pcvstliving.com)

By Sabina Mollot

Last month, Town & Village reported that Stuyvesant Town’s newly built studio apartments had finally hit the market. There were five to choose from with prices for the units—none any larger than 500 square feet — ranging from $3,162 to $3,420.

However, the five units are still available, according to the property’s official website, and at a few hundred dollars less than what they were originally listed for.

As of Martin Luther King Day, the units were available at rents listed as “starting at” $2,640 for a 393-foot unit, $2,730 for a 465-foot unit, $2,750 for both of two 500-foot units and the highest priced pick, $,2950 for a different 465-square foot unit. The apartments on Avenue C all feature platinum upgrade finishes and all except one include in-wall (under window) air conditioning. It wasn’t clear from the listings, which units, if any have terraces.

The listings did note, however, that the prices include “all incentives and special offers.”

Like the rest of the apartments in Stuyvesant Town and Peter Cooper Village, they are rent-stabilized at least until the property’s J-51 tax program expires.

In September, Town & Village first reported on the soon-to-come studios, a first for the complex, along with several terraces (another first) to be included in a total of 11 new apartments. The apartments are in the building that formerly housed the management office.

The date of the apartments’ availability has also been postponed by a couple of weeks to February 1.

A spokesperson for CWCapital did not respond to a request for comment on the reason for the price change.