Halletts Point Gets $135 Million Investment from Affinius Capital

Hallets Point Durst Organization Development

February 18, 2025

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OANA Admin

Astoria residents, you may recall that leasing began at 20 and 30 Halletts Point in January. Now, the Durst Organization, leading the project, has secured a $135 million investment from Affinius Capital to help complete the development, with move-ins set to start in Spring 2025. These two buildings will bring an additional 647 housing units and 8,000 square feet of ground-floor retail to the peninsula.

This investment supports the broader effort of establishing a vibrant waterfront community. In addition to housing, the project will include 40,000 square feet of amenities, such as a state-of-the-art fitness center, game room, coworking spaces, and an outdoor pool terrace with views of the Manhattan skyline. A new publicly accessible walkway along the waterfront is also in the works for all to enjoy.

The investment from Affinius will help ensure that the final touches on this development progress smoothly as it moves toward completion. This project is a key part of the Halletts Point masterplan, which aims to build a thriving residential hub. In addition to the current buildings, the masterplan includes a fourth and fifth residential waterfront tower plus one more within Astoria Houses for a total of seven. Other planned features include expanded retail spaces, waterfront access, and community amenities aimed at bringing value to the neighborhood for both new and longtime residents.

You can read the Press Release From Affinius Capital here:

Affinius Capital Invests $135 Million for Construction of Multifamily Building at 20-30 Halletts Point in Astoria, NY

New York City (February 13, 2025) – Affinius Capital LLC (“Affinius Capital”) today announced the closing of a $135 million investment for the construction of 20 and 30 Halletts Point, a Class A, 27- and 32-story multifamily complex with 647 units and 8,000 square feet of ground floor retail in Astoria, NY. Also included in the investment is 3-24 27^thAvenue, a newly built, 162-unit, stabilized affordable building in Astoria. The investment was made to The Durst Organization, a New York based developer, owner, and operator of commercial real estate assets.

Affinius Capital Managing Director David Greenburg commented, “Once complete, 20 and 30 Halletts Point will represent one of the highest quality multifamily projects in Astoria and serve as the cornerstone of the broader Halletts Point masterplan, establishing a vibrant waterfront community uniquely suited to capitalize on Astoria’s dynamic growth and increasing residential demand. We are grateful to expand our relationship by once again partnering with The Durst Organization, a multigenerational developer, owner, and operator of high-profile, trophy assets throughout New York City.”

Designed for sustainability and comfort, 20 and 30 Halletts Point offer 647 modern studio, one, and two-bedroom light-filled homes with spectacular views, abundant amenities, and vibrant green spaces split across two towers. Situated along the East River, apartments have spectacular views of the waterfront and Manhattan skyline.

Leasing at 20 and 30 Halletts Point has begun and the first move-ins are slated for spring 2025. The development will feature 40,000 square feet of amenities. The state-of-the-art fitness center will offer a dedicated yoga studio, boxing studio, extensive cardio training area, and comprehensive strength training equipment. Residents will also have access to a game room, recording studio, card room, multi-sport room, and coworking space equipped with private phone booths and bookable conference rooms. Outdoor spaces will feature a pool terrace with panoramic city and river views, comfortable sun lounges, BBQ grilling stations, and outdoor dining areas. A Tot Spot provides both indoor and outdoor play spaces. The development will also include a new publicly accessible waterfront esplanade.

3-24 27^th Avenue is a stabilized affordable building with 163 studio, one-bedroom, and two-bedroom apartments. 20 and 30 Halletts Point and 3-24 27^thAvenue are accessible via the N and W lines at the nearby 30^th Avenue subway station, four bus lines, and the NYC Ferry Astoria route which provides one-stop access to Manhattan.

The investment was arranged by Doug Harmon, Adam Spies, Jordan Roeschlaub, Chris Kramer, Adam Doneger, Marcella Fasulo, Josh King, and Avery Silverstein of Newmark.

An image of the building can be found here and credited to The Durst Organization.