Property Details

421-a PARTIAL RENT STABILIZED

The Forge is a luxury rental residence in LIC, featuring studio to 2-bedroom homes on a quiet cul-de-sac, just moments away from major transportation and one stop to Manhattan. The Forge offers just the right luxuries within a boutique setting to give residents a village-in-a-building community feel. The abundant play and lounge areas are brought to life by 26,000SF+ amenities including an outdoor pool and terrace, outdoor movie theater, lawn, Green Roof, Hammock Park and more, as they create a private oasis of greenery and tranquility within city living. Its environmentally-conscious design has earned Feng-Shui and LEED Silver certifications.

Amenities:

• Double-height lobby with 24/7 concierge
• Pet-friendly (no fee)
• Landscaped courtyard & Sculpture Garden
• Outdoor pool & terrace
• Outdoor movie theater & lawn
• Summer Kitchen with grills & dining area
• Hammock Park & Green Roof
• Fitness Center with movement studio
• Rooftop Sky Lounge & Terrace
• Sun Room with dining & seating areas
• Resident Lounge
• Business Bar & workspace
• Children’s Playroom
• Package room with refrigeration
• Wifi throughout common spaces
• Commercial laundry room
• On-site parking available with electric charging stations
• Bike storage & individual resident storage available
• Art installations by local artists featured throughout
• Feng Shui Certified
• Non-smoking building
• Wind turbine & solar panels for supplemental electricity

Apartment Features:

• European White Oak Flooring
• Quartz Kitchen Countertops
• Custom Kitchen Cabinetry
• KitchenAid & Bosch Energy Star Appliances
• Modern Bathrooms
• In-residence Bosch Washer and Dryer
• Energy efficient homes for reduced electricity expenses

Incentives

The lease has a COVID rate locked in which means it is less than the going rate for the same E-type studio apartment ($3440) so you are saving ~$300/mo for the same apartment (different floor).
Check Streeteasy for 17E and other E-type apartments

Additional fees

The app fee is $20. The Forge will transfer the $1000 security deposit to you, and you will pay me $1000.

As per The Forge policy, the supporting documents from the leaseholder (and
guarantor) are as follows:
- Copy of their government issued photo IDs
- Filled out and signed Authorization form to Release Records
- 2 most recent pays-tubs OR 2 most recent years of tax returns if self-employed (yearly compensation or AGI must be 40X the monthly gross rent or 80X in case of a guarantor)
- Most recent complete bank statement from leaseholder and guarantor

Other info

Available Monday, January 20 for showings

Optional $75/mo fitness and amenities fee

Furniture is up for sale

This is a 421-a rent-stabilized apartment, but the apartment is currently in the phaseout surcharge period. The partial rent stabilization is scheduled to expire on June 27, 2027.

Until 4/30/2025:
Rent: $2963.03
421-a Surcharge: $181.17
Total Monthly Responsibility: $3144.20

If you take over the lease by 2/24/2025, you will have the option to renew the lease for an additional 12-24 months. These should be the terms for the renewal.

1 Year Renewal
5/1/2025 - 9/28/2025: $3044.51 (rent) + $181.17 (421-a surcharge) = $3,225.68
9/29/2025 - 4/30/2026: $3044.51 (rent) + $241.56 (421-a surcharge) = $3,286.07

2 Year Renewal
5/1/2025 - 9/28/2025: $3,118.59 (rent) + $181.17 (421-a surcharge) = $3,299.76
9/29/2025 - 9/28/2026: $3,118.59 (rent) + $241.56 (421-a surcharge) = $3,360.15
9/29/2026 - 4/30/2027: $3,118.59 (rent) + $301.95 (421-a surcharge) = $3,420.54

Excerpt from lease
Tenant shall pay a monthly rent of $3,044.51 for a 1 Year renewal or $3,118.59 for a 2 Years renewal, plus total separate charges $181.17 (5/1/2025 - 9/28/2025), $241.56 (9/29/2025 - 9/28/2026), $301.95 (9/29/2026 - 4/30/2027), for a total monthly payment of $3,225.68 (5/1/2025 - 9/28/2025),
$3,286.07 (9/29/2025 - 4/30/2026), for a 1 Year renewal or $3,299.76 (5/1/2025 - 9/28/2025), $3,360.15 (9/29/2025 - 9/28/2026), $3,420.54 (9/29/2026 - 4/30/2027), for a 2 Years renewal.