The Pecora in Long Island City: 56 Affordable Apartments at 41-08 Crescent Street, From $1,825 a Month
Quick answerThe Pecora is a new 26-story building with 184 apartments at 41-08 Crescent Street in Long Island City, Queens. Its NYC Housing Connect lottery, number 7475, took applications until June 1, 2026. As of October 18, 2026, the listing shows 56 lottery apartments: 19 at 70% of area median income from $1,825 a month, and 37 at 130% up to $4,449. Only the 19 are under the 2026 CityFHEPS maximum. No open application or re-rental for the building was posted.
Last checked: October 18, 2026, against the Housing Connect listing for lottery 7475, its rent table and the open-lottery search, the Housing Connect FAQ, HPD's 421-a page, HPD's production data (project 78546), Department of Buildings job 421068631 and certificate of occupancy 4005002-0000001, PLUTO, ACRIS records for Queens block 414, lot 23, HPD's applying guide and re-rentals page, HDC's re-rental search, Tax Solute Consulting's vacancy page, CityFHEPS form DSS-8r, reports by QNS (2024, 2026), New York YIMBY, Multi-Housing News (2024, 2026) and the New York Real Estate Journal, and the MTA's station data. How VoucherMatch reports these guides and corrects errors: how we report.
- 184apartments in the building, on its certificate of occupancy
- 56apartments in the Housing Connect lottery
- 19of the 56 marked 70% AMI in the listing's rows
- $1,825the lowest rent, a studio at 70% AMI
- $4,449the highest rent, a two-bedroom at 130% AMI
- June 1, 2026the application deadline in the listing
Source: Housing Connect listing for lottery 7475, read October 18, 2026; Department of Buildings certificate of occupancy 4005002-0000001.
- Area median income (AMI)The middle income for the area, adjusted for household size. A lottery apartment "at 60% AMI" is for households earning up to about 60% of it. The agency's income chart turns each level into dollar limits.
- Lottery (NYC Housing Connect)Every complete application gets a random log number. The marketing agent works through applications in log-number order within each preference group, so applying early does not help.
- Minimum incomeThe lowest yearly income the listing accepts for an apartment, so the rent is not too large a share of income. Housing Connect does not apply it to households with a voucher or rental subsidy.
- Marketing agentThe company the building hires to run its lottery and check applicants' papers.
- 421-aHPD calls it "a partial tax exemption for new multiple dwellings." In return, its 2016 version requires a set share of apartments to stay affordable.
- Housing Choice Voucher (Section 8)Rental help run by a housing authority. You find a home, and the agency checks the unit, rent and your household before it approves payment.
- CityFHEPS (New York City)The City Fighting Homelessness and Eviction Prevention Supplement: a City-funded rent supplement that the Department of Social Services (DSS) pays straight to the landlord.
- Payment standard (the CityFHEPS maximum in this report)An amount the agency uses to work out housing assistance for a unit size and area. It does not mean that any home at that rent will be approved.
- Utility allowanceThe agency's estimate of the cost of utilities you must pay. It is not a promise to pay your actual bills.
- FMR and SAFMRHUD rent estimates for an area (Fair Market Rent) or ZIP code (Small Area Fair Market Rent). They include rent and most tenant-paid utilities. Your agency may use a different payment standard.
- Certificate of occupancyThe Department of Buildings' sign-off that a building, or part of it, can be lived in.
What Was Built at 41-08 Crescent Street
The Pecora is a 26-story building with 184 apartments at Crescent Street and 41st Avenue. The Department of Buildings issued its first certificate of occupancy on August 28, 2026.
- Names and addresses: Housing Connect and HPD use The Pecora and 41-08 Crescent Street. The permit and the certificate of occupancy use 41-15 24th Street. PLUTO uses 41-02 Crescent Street, and 2026 loan reports use 41-10. All are Queens block 414, lot 23.
- Permit: Department of Buildings job 421068631 is a new building of 26 stories, 280 feet and 184 apartments.
- Certificate of occupancy: number 4005002-0000001, marked "Initial", issued August 28, 2026 for 184 apartments. The data does not say whether it is temporary.
- Owner and land: the permit names The Pecora LLC as owner. Forte Italia LLC, which took title to the lot in 1998, leased it to The Pecora LLC on December 15, 2023.
- Developer and architect: QNS, Multi-Housing News and the New York Real Estate Journal name Watermark Capital Group as developer. The permit applicant is Dan Ionescu, a registered architect. QNS credits Dan Ionescu Architects.
- Program: the listing says the building "is anticipated to receive a Tax Exemption through the 421a Tax Incentive Program".
- December 24, 2014the new building application is filed.
- December 30, 2015the new building permit is first issued.
- December 15, 2023Forte Italia LLC leases the lot to The Pecora LLC.
- November 26, 2024two construction mortgages totaling $70,000,000 are signed.
- January 9, 2026HPD's project start date.
- March 20 and 23, 2026New York YIMBY and QNS report the lottery, with a May 18 deadline.
- June 1, 2026the deadline in the Housing Connect listing.
- August 28, 2026the first certificate of occupancy is issued.
What it means: the first permit came about 10 years and 8 months before the certificate of occupancy, by VoucherMatch's count. HPD's start date is the loan closing and regulatory agreement, "or the notice of intent to market affordable units".
Source: Department of Buildings job 421068631 and permit data; certificate of occupancy 4005002-0000001; ACRIS; HPD project 78546; New York YIMBY; QNS; Housing Connect.
- Stories26 on the permit and in 2026 reports. In April 2024, QNS wrote of a "17-story residential tower" and said renderings on the construction board showed 25 stories. PLUTO still lists 17 floors.
- Floor area194,644 square feet on the permit, "192,000-square-foot" in Multi-Housing News (2024) and "210,000 s/f" in the New York Real Estate Journal (2026).
- Affordable shareMulti-Housing News wrote in 2024 that "Some 70 percent of the project's units are designated as affordable." The lottery held 56 of 184, or 30%.
- Apartment mixMulti-Housing News gave 43 studios, 101 one-bedrooms and 40 two-bedrooms in 2026, after listing three-bedrooms in 2024.
- DeveloperQNS wrote in 2024 that the tower was "developed by Forte Italia LLC", the landowner in property records.
- Completion"spring 2026" in Multi-Housing News and "the fall of 2027" in QNS, both in 2024.
What it means: the city's records give 26 stories and 184 apartments.
Source: the permit, reports and records named.
How the 421-a Tax Exemption Sets the Affordable Share
HPD's 421-a page lists the share of apartments a rental building must keep affordable. Two of its options match the two ways the listing describes the 56.
- Who qualifiesprojects that "commence construction between January 1, 2016 and June 15, 2022, and are completed on or before June 15, 2026". Earlier starts "also may opt into the New Program if they have not as yet received 421-a benefits."
- Option B"30% of the units must be affordable: at least 10% at up to 70% of AMI and 20% at up to 130% of AMI."
- Option C"At least 30% of the units must be affordable at up to 130% of AMI", with no government subsidies.
- The 2024 extensionthe completion deadline moved to June 15, 2031 for projects that filed a letter of intent by September 12, 2024 "and that select Affordability Options A, B, D, E, or F."
What it means: 19 apartments are about 10% of 184, and 37 are about 20%, by VoucherMatch's arithmetic. That matches Option B's split. The description's "56 units at 130% AMI" fits Option C.
Source: HPD, 421-a page, read October 18, 2026.
Key pointthe certificate of occupancy is dated August 28, 2026, after the June 15, 2026 completion date. HPD's extension names Options A, B, D, E and F, not C. No document opened says which option the owner chose or whether it filed a letter of intent.
Where 41-08 Crescent Street Is
The building is in Long Island City, Queens, in ZIP code 11101, about 0.1 miles from the Queensboro Plaza station.
- Neighborhoodthe listing gives "LONG ISLAND CITY", and the city's address search says Long Island City. Department of Buildings records file the lot under "Queensbridge-Ravenswood-Dutch Kills". QNS placed it "in Astoria" in 2024.
- ZIP code and districts11101 in the listing and in Department of Buildings, HPD and PLUTO records. The permit gives Queens Community Board 1 and City Council District 26.
What it means: see Section 8 apartments in Long Island City.
Source: the records named; QNS, April 10, 2024.
| Station | Lines | Straight-line distance | Accessible in the MTA's data |
|---|---|---|---|
| Queensboro Plaza | 7, N, W | about 0.1 miles | Yes |
| 21 St-Queensbridge | M | about 0.2 miles | Yes |
| Queens Plaza | E, F, R | about 0.3 miles | Yes |
| 39 Av-Dutch Kills | N, W | about 0.4 miles | No |
| Court Sq | G, 7 | about 0.5 miles | Yes |
| Court Sq-23 St | E, F | about 0.5 miles | Manhattan-bound only |
| 36 St | M, R | about 0.6 miles | No |
What it means: three stations with seven lines are within about 0.3 miles. The listing gives F for 21st St-Queensbridge and E, M, R for Queens Plaza; the MTA's data gives M and E, F, R.
Source: the MTA's station data; straight-line distances by VoucherMatch from the listing's map point, so the walk is longer.
56 Apartments in the Lottery, 184 in the Building
The lottery held 56 of the building's 184 apartments. The listing's own rows and its one-line description disagree on their income levels.
View the data table
| Income level in the rows | Studio | 1 bedroom | 2 bedrooms |
|---|---|---|---|
| 70% AMI | 17 | 2 | 0 |
| 130% AMI | 0 | 22 | 15 |
What it means: 37 of the 56 apartments, or 66%, are at 130% AMI in the rows. The other 19 are 17 studios and 2 one-bedrooms.
Source: Housing Connect listing for lottery 7475, counted by VoucherMatch from its 56 unit rows.
- The listing's description"421a(16) 56 units at 130% AMI".
- The listing's rows and rent table19 at 70% AMI and 37 at 130% AMI. Each 70% row has 70% income and asset limits to match.
- HPD's production dataproject 78546 counts 56 "middle income" apartments, a band HPD defines as rents affordable at 121 to 165% AMI. Its sizes match the listing: 17 studios, 24 one-bedrooms and 15 two-bedrooms.
What it means: HPD's data and the description place all 56 at the higher level, and the rows do not. Ask Housing Connect which applies.
Source: Housing Connect listing and rent table, read October 18, 2026; HPD project 78546 and its column definitions.
Two Versions of the Housing Connect Listing for 41-08 Crescent Street
The terms reported in March 2026 differ from the listing read on October 18, 2026. In March, all 56 apartments were at 130% AMI, with studios at $3,271 a month and a May 18 deadline.
| Apartments | Terms reported in March 2026 | Listing read October 18, 2026 |
|---|---|---|
| 17 studios | $3,271, 130% AMI | $1,825, 70% AMI |
| 24 one-bedrooms | $3,408, 130% AMI | 2 at $1,928, 70% AMI; 22 at $3,750, 130% AMI |
| 15 two-bedrooms | $3,702, 130% AMI | $4,449, 130% AMI |
| Asset limit | $210,600 | $118,720 at 70% AMI; $220,480 at 130% |
| Deadline | May 18, 2026 | June 1, 2026 |
What it means: the 130% one-bedroom rose $342 a month and the two-bedroom $747. The studios fell $1,446, by VoucherMatch's arithmetic.
Source: the advertisement in the listing's last photograph; QNS, March 23, 2026, which prints the same rents, counts, asset limit and deadline; New York YIMBY, March 20, 2026, which prints the same rents, incomes and deadline; the listing's rows and rent table.
- Income ranges in MarchQNS printed $117,703 to $168,480 a year for a studio, $123,703 to $189,540 for a one-bedroom and $136,938 to $227,500 for a two-bedroom.
- Voucher reachevery March rent was above the CityFHEPS maximum for its size, in both the 2025 and 2026 columns of DSS-8r. In the October rows, 19 are below it.
- No notice foundVoucherMatch found no notice of when or why the listing changed.
Rents and Income Ranges for The Pecora
The listing read on October 18, 2026 has four rents, from $1,825 to $4,449 a month. Its lowest minimum income is $68,126 a year.
| Apartments | Rent | People | Yearly income |
|---|---|---|---|
| 17 studios, 70% AMI | $1,825 | 1 to 2 | $68,126 to $94,990 |
| 2 one-bedrooms, 70% AMI | $1,928 | 1 to 3 | $72,960 to $106,890 |
| 22 one-bedrooms, 130% AMI | $3,750 | 1 to 3 | $135,429 to $198,510 |
| 15 two-bedrooms, 130% AMI | $4,449 | 2 to 5 | $162,549 to $238,160 |
What it means: a one-bedroom rents for $1,928 or $3,750, depending on its income level.
Source: Housing Connect listing for lottery 7475, read October 18, 2026; the top of each range is for the largest household allowed.
| Household size | 70% AMI maximum | 130% AMI maximum |
|---|---|---|
| 1 person | $83,160 | $154,440 |
| 2 people | $94,990 | $176,410 |
| 3 people | $106,890 | $198,510 |
| 4 people | none listed | $220,480 |
| 5 people | none listed | $238,160 |
What it means: yearly household income before taxes has to be at or under the figure for the household's size. No apartment allows six people.
Source: the same listing.
- Under $68,126below the lowest minimum, unless the household has a voucher or rental subsidy.
- One person$83,161 to $135,428 a year.
- Two people$94,991 to $135,428.
- Three people$106,891 to $135,428.
- Four or five peopleonly the 130% AMI two-bedrooms fit, from $162,549.
What it means: the widest gap runs from the 70% maximums up to the $135,429 minimum at 130% AMI.
Source: VoucherMatch's arithmetic from the listing's incomes; asset limits of $118,720 at 70% AMI and $220,480 at 130% are in its rent table.
Key pointtenants pay the utilities. The listing says "Tenants are responsible for electricity, including stove, heat, and hot water." Its field for deposits or application fees is set to no.
Which Rents a CityFHEPS or Section 8 Voucher Reaches
The 19 apartments at 70% AMI are under the 2026 CityFHEPS maximum for their size. The 37 at 130% AMI are over it, by $1,016 for a one-bedroom and $1,452 for a two-bedroom.
This was a city lottery on NYC Housing Connect, with HPD as its agency, so HPD's rule applies. The Housing Connect FAQ says: "Minimum income requirements do not apply if you have a voucher or a rental subsidy. However, rent should be within maximum limits allowed by your voucher or rental assistance program."
View the data table
| Apartment size | Lowest rent | Highest rent | CityFHEPS maximum |
|---|---|---|---|
| Studio | $1,825 | $1,825 | $2,604 |
| 1 bedroom | $1,928 | $3,750 | $2,734 |
| 2 bedrooms | $4,449 | $4,449 | $2,997 |
What it means: the 70% AMI studio is $779 under and the 70% AMI one-bedroom $806 under. The 130% AMI apartments are over.
Source: rents from the Housing Connect listing; maximums from DSS-8r, effective April 1, 2026, "if all utilities are included in the lease".
Watch outthe maximums assume the rent includes all utilities. Tenants here pay them, so a voucher program subtracts a utility allowance.
| Apartment size | CityFHEPS maximum | Electric with cooking range | Electric heat and hot water | Maximum less both |
|---|---|---|---|---|
| Studio | $2,604 | $111 | $89 | $2,404 |
| 1 bedroom | $2,734 | $126 | $106 | $2,502 |
| 2 bedrooms | $2,997 | $167 | $138 | $2,692 |
What it means: the 70% AMI studio stays $579 under the reduced figure and the 70% AMI one-bedroom $574 under.
Source: DSS-8r, 2026 payment standards and the "Electric with Cooking Range" and "Total (Electric Heat & Hot Water)" rows of its 2026 utility allowance schedule, which match what the listing says tenants pay; subtraction by VoucherMatch.
- One or two peopleDSS-8r gives $2,734 for a one-bedroom, and $2,604 for one person in a studio. Both 70% AMI apartment types fit.
- Three or four people$2,997, which is $753 less than the $3,750 one-bedroom rent.
- Five people$3,753, which is $696 less than the $4,449 two-bedroom rent.
- Credit checkthe FAQ says "Applicants qualifying with rental subsidy are not subject to a credit check or review of rental history."
What it means: no household size brings a 130% AMI rent under the CityFHEPS amount.
Source: DSS-8r, 2026 payment standards by family size; Housing Connect FAQ; differences by VoucherMatch.
- Section 8: the FAQ lists "Section 8 Housing Choice Vouchers (HPD or NYCHA)" among accepted subsidies. See the New York City Housing Authority page.
- Guides: CityFHEPS vs Section 8 and Section 8 utility allowances in NYC.
How the Rents Compare With Typical Rents in ZIP Code 11101
The 70% AMI rents are about half of HUD's estimate for ZIP code 11101. The 130% AMI one-bedroom is $90 under HUD's figure, and the 130% AMI two-bedroom is $269 above it.
View the data table
| Apartment size | Lowest rent | Highest rent | HUD fair market rent, ZIP 11101 |
|---|---|---|---|
| Studio | $1,825 | $1,825 | $3,650 |
| 1 bedroom | $1,928 | $3,750 | $3,840 |
| 2 bedrooms | $4,449 | $4,449 | $4,180 |
What it means: the 130% AMI two-bedroom costs more than HUD's $4,180 figure. The 130% AMI one-bedroom is 98% of HUD's $3,840.
Source: rents from the Housing Connect listing; HUD's Small Area Fair Market Rents for fiscal year 2027, in effect since October 1, 2026: its 40th-percentile estimate for the ZIP code, utilities included.
- Utilities: HUD's figure includes them, and these rents do not, so each apartment costs more than its rent.
- Apartments nearby: see voucher apartments in ZIP 11101 and CityFHEPS apartments in Long Island City.
How The Pecora Was Financed
Property records show a $70,000,000 construction loan in two mortgages dated November 26, 2024, and a $105,000,000 agreement with a new lender dated June 30, 2026.
| Date | Document | Parties | Amount |
|---|---|---|---|
| December 15, 2023 | Memorandum of lease | Forte Italia LLC to The Pecora LLC | $15,000,000 |
| May 29, 2024 | Mortgage, satisfied November 25, 2024 | The Pecora LLC to Crescent Edge LLC | $10,000,000 |
| November 26, 2024 | Two mortgages | The Pecora LLC to SPG Crescent Lender LLC | $63,227,722.26 and $6,772,277.74 |
| June 30, 2026 | Assignment of those mortgages | SPG Crescent Lender LLC to W&D Debt Fund LP | none listed |
| June 30, 2026 | Mortgage | The Pecora LLC to W&D Debt Fund LP | $35,966,734.59 |
| June 30, 2026 | Agreement | The Pecora LLC with W&D Debt Fund LP | $105,000,000 |
What it means: the two 2024 mortgages add up to $70,000,000, by VoucherMatch's addition. No document in the index names HPD, the Housing Development Corporation or the City.
Source: ACRIS, Queens block 414, lot 23.
- The 2024 loanMulti-Housing News reported on December 11, 2024 that "Slate Property Group and White Oak Real Estate Capital arranged the funds" for a $70 million construction loan.
- The 2026 loanthe New York Real Estate Journal reported a "$105 million lease-up refinance" on August 25, 2026, "provided by Walker & Dunlop Investment Partners".
- The tax benefitthat report says "The property benefits from a 421-a tax abatement." The listing says the building "is anticipated to receive" it. No document opened shows it granted.
Preferences, Building Features and Fees at The Pecora
The listing posted no set-aside or preference groups. It names 31 amenities and marks nine shared spaces as extra cost.
- In the listing datano set-asides or preferences posted as of October 18, 2026.
- On the posted advertisement"Applicants who live in New York City receive a general preference for apartments."
- Community board, in the FAQthe preference "does not apply to developments that do not receive City financing, e.g., those that only receive a tax exemption."
What it means: the listing does not say which groups were used here.
Source: Housing Connect listing and its photographs; Housing Connect FAQ.
- In the apartmentswashers and dryers, a dishwasher, hardwood floors and energy-efficient appliances. The listing says many have private outdoor space.
- Extra costparking, the fitness center, spa, recreation room, yoga/dance studio, children's playroom, party room, rooftop terrace and storage, each marked "(*fees apply)".
- Buildingan elevator, an accessible entrance, a "Digital doorman", package and bike storage lockers, and security cameras.
- Restrictedthe building is smoke-free. It is listed as "Pet-friendly", and the posted advertisement allows one pet per tenant, with breed restrictions.
- Shared spacesHPD's 421-a rule says affordable apartments share "the same common entrances and common areas" as market-rate ones.
What it means: the listing gives no dollar amount for any fee.
Source: Housing Connect listing and its photographs; HPD's 421-a page.
What Happens After the Lottery and Where Openings Are Posted
Applications were due June 1, 2026, and HPD's guide says applicants may hear back "within two to twelve months after the deadline".
- 1Log numbers"Within a few weeks after the lottery application deadline, Housing Connect randomly assigns log numbers".
- 2Review"The developer reviews them in log number order (starting with those who meet preference categories) and contacts applicants."
- 3Documents"If your log number comes up, the developer will contact you to submit documents." You "will only have a few business days".
What it means: the same guide says "you may not be contacted, even if you could have qualified."
Source: the Housing Connect FAQ; HPD, "Applying for Affordable Housing" (June 2020).
- June 1, 2026applications due.
- Within a few weekslog numbers assigned, in the FAQ's words.
- August 2026 to June 2027two to twelve months after the deadline, by VoucherMatch's count.
What it means: the listing does not say how many apartments have been leased.
Source: Housing Connect listing and FAQ; HPD's guide.
Check before you payapplying through NYC Housing Connect is free. Its FAQ says "There is no fee to apply for housing using Housing Connect"; a marketing agent may charge a credit or background check fee of no more than $20 per household. No payment app, wire or gift card buys a place in a lottery, and no one should charge you to see or hold an apartment. Apply only at housingconnect.nyc.gov or by mail to the address in the official listing.
- ID for every adult. the FAQ accepts "drivers’ licenses, non-driver state ID cards, and IDNYC cards"
- Income, address and assets. "pay stubs, tax returns, proof of address, and asset documentation"
- Rent history or credit. proof of 12 months of full rent payments, or consent to a credit review
- Voucher. your shopping letter or voucher, showing the rent it covers
What it means: the request for documents lists the exact papers.
Source: the Housing Connect FAQ; the voucher line is VoucherMatch's addition.
- Housing Connectcity lotteries are posted at housingconnect.nyc.gov. On October 18, 2026, lottery 7475 was not among the 16 rentals in the open-lottery search.
- Re-rentalsthe FAQ says vacated apartments "may be made available for applicants outside of Housing Connect". HDC's re-rental search listed 24 on October 18, 2026, none for The Pecora.
- Tax Solute Consultingpaper applications went to The Pecora in care of Tax Solute Consulting, 670 Flushing Avenue, Brooklyn. HPD's re-rentals page links to Tax Solute's vacancy page, which says applicants "are processed on a first-come, first-served basis". The Pecora was not on it.
What Is Known and Not Yet Known About the Lottery
The listing gives rents, incomes, asset limits, amenities and a deadline. It leaves open which income levels apply and why its terms changed after March 2026.
- Not resolvedwhether the 19 apartments marked 70% AMI are at 70% or 130%, and why the terms changed after March 2026.
- Not publishedthe 421-a option; how many of the 56 apartments are leased; a waiting list; apartment sizes; fee amounts.
- No building websitethe listing's website field points to Housing Connect itself.
- Whom to askthe Housing Connect hotline, 212-863-7990, "from 9am to 5pm on weekdays", or nychousingconnect@hpd.nyc.gov. HPD's 421-a office is at 212-863-8540.
What it means: check each line with the agency before relying on it.
Source: Housing Connect listing and FAQ; HPD's 421-a page.
If You Need an Apartment Now
Applications were due June 1, 2026, and no re-rental for the building was posted on October 18, 2026. A household that needs to move soon has to look at other buildings.
- Open in Queens now: Housing Connect's search listed two Queens rental lotteries on October 18, 2026: 83-12 Broadway, due October 28, 2026, and 42-78 65 Place Apartments, due November 2, 2026.
2 bedrooms, $2,816 a monthJamaica, Queens
3 bedrooms, $3,555 a monthJamaica, QueensAccepts CityFHEPS · HASA
2 bedrooms, $2,900 a monthJamaica, QueensAccepts Section 8 (HCV) · NYCHA
Listed by landlords who say which vouchers they accept. These are separate from the lottery. See all Queens listings
- Voucher in hand: browse Section 8 apartments in Queens, CityFHEPS apartments in Queens and studio apartments in Queens.
- No voucher yet: read how to get a housing voucher in NYC, or see low-income apartments in New York City.
Frequently Asked Questions
Is The Pecora at 41-08 Crescent Street on NYC Housing Connect?
Yes. The Pecora is lottery 7475 on NYC Housing Connect, with 56 apartments and applications due June 1, 2026. On October 18, 2026, it was not in the site's search of open lotteries, and no re-rental was posted. The listing showed rents from $1,825 to $4,449 a month.
What is the rent at The Pecora in Long Island City?
The listing read on October 18, 2026 shows four rents. Studios are $1,825 a month and two-bedrooms $4,449. One-bedrooms are $1,928 at 70% AMI or $3,750 at 130% AMI. Tenants also pay for electricity, heat and hot water. The March 2026 advertisement had different rents.
How much do you have to earn for The Pecora?
From $68,126 a year for a $1,825 studio up to $238,160 for five people in a two-bedroom. Each apartment type has its own minimum, and each household size its own maximum. With a voucher or rental subsidy, the Housing Connect FAQ says the minimum does not apply.
Does The Pecora take Section 8 or CityFHEPS?
Yes. The Housing Connect FAQ says Section 8 and CityFHEPS vouchers "are all accepted". Here, the 19 apartments at 70% AMI are under the 2026 CityFHEPS maximum for their size. The 22 one-bedrooms at $3,750 are $1,016 over it, and the 15 two-bedrooms at $4,449 are $1,452 over it.
Are the apartments at The Pecora at 70% or 130% AMI?
The records disagree. The listing's rows mark 19 apartments at 70% AMI and 37 at 130%. Its description says "56 units at 130% AMI", HPD's data counts all 56 as middle income, and the March 2026 advertisement put all 56 at 130%. Ask the Housing Connect hotline, 212-863-7990.
Is 41-15 24th Street the same building as 41-08 Crescent Street?
Yes. Both addresses are Queens block 414, lot 23. Housing Connect and HPD use 41-08 Crescent Street. The building permit and the certificate of occupancy use 41-15 24th Street. PLUTO uses 41-02 Crescent Street, and 2026 financing reports use 41-10 Crescent Street, all for The Pecora.
Are the rents at The Pecora below market?
Some are. The 70% AMI rents are about half of HUD's fiscal year 2027 figure for ZIP code 11101. The $3,750 one-bedroom is $90 under HUD's $3,840. The $4,449 two-bedroom is $269 above HUD's $4,180. HUD's figures include utilities, and tenants here pay electricity, heat and hot water.
Sources for this article (19)
- Housing Connect listing for lottery 7475 (housingconnect.nyc.gov)
- Housing Connect FAQ (housingconnect.nyc.gov)
- 421-a page (nyc.gov)
- production data (data.cityofnewyork.us)
- PLUTO (data.cityofnewyork.us)
- applying guide (nyc.gov)
- re-rentals page (nyc.gov)
- re-rental search (nychdc.com)
- vacancy page (sites.google.com)
- DSS-8r (nyc.gov)
- 2024 (qns.com)
- 2026 (qns.com)
- New York YIMBY (newyorkyimby.com)
- 2024 (multihousingnews.com)
- 2026 (multihousingnews.com)
- New York Real Estate Journal (nyrej.com)
- station data (data.ny.gov)
- Small Area Fair Market Rents (huduser.gov)
- housingconnect.nyc.gov (housingconnect.nyc.gov)
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Every rule, date and dollar amount in this article is checked against the agency document it comes from, and the sources are listed above. How VoucherMatch articles are researched and corrected
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- Applications due November 6, 2026
Bedford Park, Bronx
3180 Villa Avenue Apartments
- From $2,022 a month
- Applications due October 30, 2026
Gramercy, Manhattan
345 East 17th Street Apartments
- From $1,542 a month
- Applications due November 9, 2026
Fordham, Bronx
354 East 194th Street Apartments
- From $1,025 a month
- Applications due October 23, 2026
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