Residents of one of the largest apartment complexes in New York City will soon have access to IP-based broadband technology, under an agreement announced March 24 by Verizon and Tishman Speyer, the complex's owner and manager. It’s the single largest urban agreement the company has made to date.

Verizon FiOS Internet service is now available in seven buildings in the 110-building Stuyvesant Town and Peter Cooper Village complex, owned by Tishman Speyer, who plans to add more buildings soon.

Using Verizon’s fiber-optic network, the FiOS service offers Internet access with up to 50Mb/s download speeds, which allows the customer to download a 1.2GB, 90-minute SD movie in approximately three minutes.

The service also offers upload speeds of up to 20Mb/s, allowing a user to send or receive a 250MB file or a 3500 page document in about 90 seconds, compared with about 47 minutes over a 768kb/s upstream connection.

Residents of one of the largest apartment complexes in New York City will soon have access to IP-based broadband technology.

Stuyvesant Town and Peter Cooper Village are located on 80 acres — stretching from First Avenue to Avenue C, between 14th and 23rd streets, in Manhattan — and contain 11,232 apartments. Currently, Verizon offers FiOS Internet service in many parts of the five boroughs of New York as well as other communities throughout the state.

Verizon’s FiOS TV service is available in parts of Westchester, Rockland and Orange counties as well as parts of Long Island. Verizon intends to expand its video service offering in the state as it obtains video franchises in other markets.

Customers waiting for Verizon FiOS Internet to become available can sign up for the month-to-month Verizon high-speed Internet service with a maximum downstream connection speed of up to 3Mb/s.

For more information, visit www.verizon.com/communities.