Leasing launches at 100% electric Coney Island rental with ocean and amusement park views

Leasing has launched at New York City’s first multi-family geothermal project. Developed by LCOR and designed by STUDIO V Architecture, 1515 Surf Avenue is a 100 percent electric two-tower development steps from the beach in Coney Island. The property contains 463 apartments, 324 of which are priced at the market rate and the rest designated as affordable. The unique development offers a mix of one- and two-bedroom apartments, and a selection of penthouses, as well as an impressive suite of amenities with up-close views of the Atlantic Ocean and the famous Riegelmann Boardwalk.

Pricing details for the market-rate apartments will be released this spring. A housing lottery launched at the building last month for the affordable units, set aside for New Yorkers earning 80 and 130 percent of the area median income. Those apartments were priced from $1,640/month for one bedroom to $3,013/month for two bedrooms. Applications are due March 20.

All apartments feature oversized windows for abundant natural light and amusement park-and-ocean views and premium finishes like stainless steel appliances, in-unit washers and dryers, smart-home technology, and custom lighting.

The development contains 30,000 square feet of outdoor amenity space, featuring a heated pool with sweeping views of the Coney Island beach and boardwalk and a 20,000 square foot landscaped private garden. Additional amenities include a fitness center, an indoor basketball and handball court, a children’s playroom, a game room, co-working spaces, bike storage lockers, multiple lounges, and on-site parking.

Residents will have easy access to the beach, the landmarked Riegelmann Boardwalk, the neighborhood’s famous amusement district, and D, F, N, and Q subway line access at the nearby Coney Island-Stillwell Avenue station. The project also features custom art installations by renowned local artists.

The developer worked with Ecosave USA to design and install the geothermal system, which is expected to lower the building’s carbon emissions by more than 60 percent. The system features wells installed deep underground that use the Earth’s ambient temperature to heat and cool liquids, according to a press release.

The energy is then directed throughout the building through pipes and pumps, and uses excess heat as an additional energy source that is then used to heat the building’s pool and water.

“Located just steps from the beach and the subway, 1515 Surf offers an ideal and unique living experience,” Anthony Tortora, senior vice president and principal at LCOR, said.

“With its geothermal system, best-in class design and extensive amenities, 1515 Surf differentiates itself from other residential communities in NYC and represents the future of sustainable living.”

1515 Surf will have the largest active geothermal system in the city’s history until Greenpoint’s 1 Java Street is completed in 2025. Developed by Lendlease and designed by Marvel, 1 Java Street includes more than 830 rental units across five buildings.

LCOR filed plans for the Surf Avenue project in December 2020. The building is located on the grounds of the famed Coney Island restaurant Gargiulo’s parking lot. Louis Russo, the owner of Gargiulo’s, agreed to a 99-year ground lease for the space in early 2020. The building topped out last May.

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