NEW YORK CITY-The revival of New York City’s waterfront market will make a splash in the commercial real estate world come mid-June. With the new East River Ferry service setting sail next month, new developments are popping up along the city’s waterways in Queens, Brooklyn and Manhattan, according to a study from the New York City Economic Development Corp.

The service--operated by BillyBey Ferry Co. under NY Waterway through a contract with the NYCEDC--will make seven regular stops along the East River, which will include links to new multifamily developments at Hunter’s Point South in Long Island City and Schaefer Landing at South Williamsburg. The ferry will also make stops at East 34th Street, India Street in Greenpoint, North Fifth and North Sixth Streets in North Williamsburg, Wall Street at Pier 11 and Brooklyn Bridge Park/DUMBO.

A spokesperson for NY Waterway tells GlobeSt.com in an e-mail that the ferry will run during weekday peak hours from 7:00 to 9:30 AM and 4:30 to 7:00 PM every 20 minutes throughout the year; during summer off-peak hours, it will run every 30 minutes. Fares will be a flat rate of $4 per trip, and other options include a $12 all-day, hop-on hop-off ticket and monthly pass at $140.