Overview

Project is in the prime area of Astoria, adjacent to the quick-developing Long Island City. Residents can easily commute between Queens and Manhattan. In the past 10 years, real estate value increased significantly due to its convenient public transit and gentrification. Developer acquired the lot for $21,000,000 in October 2023, and had filed for demolition of the existing building. Construction of the new property is expected to finish in the first quarter of 2026. Developer plans to build a mixed-use building with 92 condominium units, 2 commercial units and 26 parking lots.