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The Academy, another pricey rental, debuts in Astoria from $1,800

The average rental is on the market for 41 days in Astoria—will these rent even faster because they’re new?

Courtesy of Modern Spaces

Astoria is joining the ranks of new rental-friendly neighborhoods, one building at a time. On the heels of leasing efforts at Graffiti House, the 28-apartment rental with a “rotating art gallery,” comes The Academy, another extravagantly-named new rental building with prices that have yet to become par for the neighborhood.

The Academy is an effort of Ridge Realty Management, who tapped HTO Architects to design a 55-apartment building for 25-35 31st Avenue near 29th Street. Rents for apartments in the building start from $1,800, and available apartments range from a studio asking $1,875 to a two-bedroom, two-bathroom seeking $3,500. Modern Spaces is behind marketing efforts.

“The average rental apartment in Astoria is on the market for 41 days and we expect homes at The Academy to rent even faster due to the high-demand for new development in the area,” Greg Kyroglou, managing director at Modern Spaces and the leasing director for the project, said in a statement. The Academy’s amenities echo those of new buildings more often found in nearby Long Island City, like private parking, a gym, a residents library, and a roof terrace.

The apartments themselves come kitted out with oak floors; kitchens with gloss lacquered cabinets, quartz-composite counters, Blomberg refrigerators, and GE ranges and dishwashers; and bathrooms with Kohler fixtures.