REAL ESTATE Residential and retail complex planned for former LIC Paragon Paint Factory BY LIAM LA GUERRE [email protected] @LiamLaGuerre The old four-story Paragon Paint Factory in Long Island City will get a new fi nish — and a massive redevelopment. The rear section of the building will be demolished for a 28-story, 296-unit residential tower at 5-49 46th Ave., according to recently fi led Buildings Department permits by SHoP Architects, which is designing the project. The plans include about 236,230 square feet of residential space and more than 10,400 square feet for ground-fl oor retail space. There will also be a 24-car garage. In addition, the development will also include a smaller Photo courtesy Scott Bintner/PropertyShark 14-story residential tower with 48 on the site. residential units and more than 4,500 square feet of commercial space in a lot at 45-24 Vernon Blvd. near the paint factory. And developers will demolish a building at 45-28 Vernon Blvd. to build a park that will connect both buildings, according to a published report. Simon Baron Development purchased the Paragon Paint Factory back in 2013 for about $14.7 million, according to city records. Brent Carrier of CRE Development told the LIC Post that the project will be a joint venture with Simon Baron Development. The Paragon Paint Factory site is zoned for manufacturing and owners will need to get a variance to build the planned residential and commercial property Sales in Queens HOMES – CO-OPS – CONDOS Listings and photos courtesy MLSLI NORTHWEST NORTHEAST SOUTHWEST SOUTHEAST LONG ISLAND CITY BAYSIDE MIDDLE VILLAGE JAMAICA ESTATES $400,000 & Under 43-33 48th St., Sunnyside Price: $399,000 Bed(s): 1, Condo Bath(s): 1 Broker: Mohamed El Goarany, Exit Realty First Choice $400,000 - $800,000 30-53 14th St., Astoria Price: $795,000 Bed(s): 3, Multi-family townhouse Bath(s): 2 Broker: Rabih Salameh, R&J New York Properties Inc. $800,000 + More 10-50 Jackson Ave., LIC Price: $1,293,000 Bed(s): 2, Condo Bath(s): 2 Broker: Derek Greene, Greene Realty Group $400,000 & Under 38-30 Douglaston Pky., Douglaston Price: 398,000 Bed(s): 2, Co-op Bath(s): 1 Broker: Daiva Kezys, Doug North Realty $400,000 - $800,000 30-41 153rd St., Flushing Price: $749,000 Bed(s): 3, Single-family detached Bath(s): 1.5 Broker: Alex Choong, Keller Williams Realty Landmark $800,000 + More 32-25 Bell Blvd., Bayside Price: $1,998,888 Bed(s): 7, Single-family colonial Bath(s): 4.5 Broker: Chang Ko, Charles Rutenberg Realty Inc. $400,000 & Under 86-11 151st Ave., Howard Beach Price: $179,000 Bed(s): 1, Condo Bath(s): 1 Broker: Ronald Ferrara, Better Homes & Gardens REFH $400,000 - $800,000 62-01 79th St., Middle Village Price: $799,000 Bed(s): 3, Single-family attached Bath(s): 2 Broker: Andrew LaSala, Crifasi Real Estate Inc. $800,000 + More 61-10 Metropolitan Ave., Ridgewood Price: $989,000 Bed(s):9, Two-family townhouse Bath(s): 4 Broker: John Sfera, Connexion I Real Estate Services Inc. PICTURED LISTING $400,000 & Under 118-39 232nd St., Cambria Heights Price: $380,000 Bed(s): 4, Detached Cape Cod Bath(s): 2 Broker: Mahadeo Singh, Triangle Realty of NY Inc. $400,000 - $800,000 116-14 Farmers Blvd., St. Albans Price: $675,000 Bed(s): 7, Two-family colonial Bath(s): 2.5 Broker: Deow Gangaram, Laffey Fine Homes $800,000 + More 178-36 Kildare Rd., Jamaica Estates Price: $1,588,000 Bed(s): 4, Single-family colonial Bath(s): 4 Broker: Solomon Davydov, Exit Realty First Choice
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