Broadway Silver at 36-20 Broadway is back on the Astoria map this week, relaunching as an 88-unit luxury rental after a $40 million gut reno by GDC Properties. Rents start at $3,125 for one-beds.

Broadway Silver, a familiar seven-story presence at the corner of Broadway and 37th Street, has officially reopened as a luxury apartment building after sitting vacant for years. GDC Properties, which scooped up the property from the Karanikolas family in 2021 for $31.5 million, invested an additional $40 million to completely gut and rebuild the 70s-era structure. Leasing agent Nathaniel Rose confirmed the first tours start Thursday, with one-beds listed at $3,125 and two-beds topping $4,200.

The renovation replaced every system, from HVAC to elevators, and added a rooftop lounge with Manhattan views, a gym, and indoor parking. GDC Properties CEO William Ingraham told NYC Pulse, “Astoria’s energy deserves buildings that respect its past but push forward. We wanted Broadway Silver to set a new bar.” The lobby nods to the neighborhood’s Greek roots, with mosaic tilework and café seating.

Astoria’s Broadway corridor has seen a wave of development, but few projects have retrofitted existing structures at this scale. Local broker Maria Papadopoulos of Modern Spaces says, “This stretch of Broadway was quiet for years — this puts it right back in play, especially with the N/W trains two blocks away.” The block is already seeing spillover, with two new cafes opening and the old Chase branch next door prepping for a retail facelift.

Current interest in Broadway Silver skews toward young professionals priced out of LIC and Murray Hill, according to Rose. GDC Properties expects to have half the building leased by August. Early tenants can snag discounted parking and three months of free storage, a rare Astoria perk. Broadway Silver is holding an open house this Saturday from 11 a.m. to 4 p.m.

Frequently Asked Questions

How many units are available at Broadway Silver, and what are the rents?

Broadway Silver at 36-20 Broadway offers 88 luxury rental units. One-bedroom apartments start at $3,125 per month, and two-bedrooms start above $4,200. Leasing opened this week, with half the units expected to be filled by August.

Who developed and renovated Broadway Silver, and when did it reopen?

GDC Properties purchased Broadway Silver in 2021 and invested $40 million into a full gut renovation. The building reopened this week, debuting modern amenities and a restored facade, after years of vacancy.

What amenities does Broadway Silver offer its tenants?

Residents have access to a rooftop lounge with city views, a gym, indoor parking, and a lobby with mosaic tilework. Early tenants receive discounted parking and free storage for three months. The building is pet-friendly and two blocks from the N/W subway lines.

Frequently Asked Questions

How many apartments are available at Broadway Silver in Astoria?

Broadway Silver offers 88 luxury rental units at 36-20 Broadway, Astoria.

What are the starting rents for one-bedroom and two-bedroom apartments at Broadway Silver?

One-bedroom apartments start at $3,125 per month, and two-bedrooms start above $4,200.

Who owns and renovated Broadway Silver, and how much was invested?

GDC Properties owns Broadway Silver and invested $40 million in a gut renovation after purchasing it in 2021 for $31.5 million.

What amenities does Broadway Silver provide for residents?

Amenities include a rooftop lounge with Manhattan views, a gym, indoor parking, a pet-friendly policy, and a lobby with mosaic tilework.

When did leasing begin at Broadway Silver, and how quickly are units expected to be leased?

Leasing opened this week, and half of the units are expected to be leased by August.

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