A new Coney Island rental, just a block away from the Atlantic Ocean and the renowned Riegelmann Boardwalk, has recently launched a lottery for 139 mixed-income apartments. This 16-story development, located at 1515 Surf Avenue, stands out as the first multi-family geothermal project in the city. Instead of relying on fossil fuels, the building utilizes the Earth’s natural energy to provide heating and cooling. Prospective tenants, earning between 80 and 130 percent of the area median income, can now apply for these apartments. The units range from one-bedroom apartments starting at $1,640 per month to two-bedroom apartments priced at $3,013 per month. The income brackets for eligibility span from $60,069 for a single person to $198,250 for a household of five.
The 16-story building, designed by LCOR and STUDIO V Architecture, incorporates a geothermal system that harnesses the Earth’s heat to cool the property and power its water systems. This innovative approach eliminates the reliance on equipment fueled by fossil fuels.
The building offers a range of amenities to enhance residents’ lifestyles. These include a refreshing outdoor pool, which provides stunning views of the picturesque Coney Island beach and boardwalk. For those looking to stay active, there is a well-equipped fitness center available. The property also boasts a beautifully landscaped courtyard, providing a serene outdoor space for relaxation. Sports enthusiasts can enjoy the indoor basketball and handball court, while children have a dedicated playroom to keep them entertained. Additionally, residents can make use of the game room, co-working spaces, bike storage lockers, and multiple lounges. For added convenience, there is on-site parking available.
Residents can easily enjoy the beach, the iconic Riegelmann boardwalk, and the renowned amusement district within the neighborhood.
In December 2020, LCOR submitted plans for the project, which is situated on the premises of the renowned Coney Island eatery, Gargiulo’s parking lot. In early 2020, the owner of Gargiulo’s, Louis Russo, agreed to a 99-year ground lease for the area.
The developer collaborated with Ecosave USA to create and implement the geothermal system, which is estimated to decrease the building’s carbon emissions by over 60 percent. According to a press release, the system includes underground wells that utilize the Earth’s natural temperature to heat and cool liquids.
The excess heat generated by the system is harnessed and utilized as an additional energy source to heat the building’s pool and water. This energy is intelligently directed throughout the building via a network of pipes and pumps, ensuring efficient distribution.
Developed by Lendlease and designed by Marvel, the project at 1 Java Street will feature the largest active geothermal system in the history of New York City, until the completion of Greenpoint’s 1 Java Street in 2025. With over 830 rental units spread across five buildings, this project will be the biggest all-electric multi-family geothermal initiative in the city.
You can easily access the Coney Island-Stillwell Avenue station, where you will find several convenient public transit options. These include the D, F, N, and Q subway lines, as well as the B36, B74, and B82 buses.
New Yorkers who meet the requirements have the opportunity to apply for these apartments until March 20, 2024. It is important to note that 50% of the units are specifically reserved for residents of Brooklyn Community District 13. If you are interested in applying, you can find all the necessary details here. Should you have any questions or need further information, please reach out to NYC’s Housing Connect department by dialing 311.