24 FEBRUARY 10, 2022 RIDGEWOOD TIMES WWW.QNS.COM
REAL ESTATE
New $26 million development coming to Long Island City
BY JULIA MORO
EDITORIAL@QNS.COM
@QNS
New Empire Corp., dedicated to
building mid-rise residential
mixed-use projects in New
York City, announced the purchase
of 24-01 Queens Plaza North in Long
Island City for approximately $26
million.
The 117,344-square-foot lot will be
used as a condominium development
with over 100 units and is expected to
break ground this year.
“Situated on the northern side of the
Queensboro Bridge, we were attracted
to this location as it’s a dynamic gateway
to Manhattan and continues to be
in demand,” said Bentley Zhao, chairman
and CEO of New Empire.
The architecture and interior
design fi rm ODA New York will be
designing the units ranging from
studios to two bedrooms. New Empire
is heeding the remote-work trend and
designing individual units with offi ce
space. Amenities include a penthouse
resident lounge, outdoor space, parking
and a fi tness center.
The acquisition of 24-01 Queens
Plaza is New Empire’s second development
in Long Island City. The Neighborly,
a seven-story, 77-unit luxury
condominium, is located at 37-14 34th
St.
Emily Zhu, the chief marketing offi
cer of New Empire, said that many
young professionals renting in Long
Island City could fi nd their new home
with this development.
“With close proximity to Manhattan
and a more aff ordable price point,
Long Island City is transforming from
an industrial hub to a diversified,
young community,” Zhu said.
The Long Island City condo market
broke records in 2021 with sales reaching
nearly $1 billion. According to a
report released by real estate analyst
Patrick W. Smith, there were 885 units
sold in 2021 valued at $995 million, a
big step up from sales in 2019 which
were valued at $385 million.
Bentley Zhao, chairman and CEO of New Empire, talks about the $26
million development coming to 24-01 Queens Plaza North in Long Island
City. Photo courtesy of New Empire
Ridgewood Times Sales Guide
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
71st Avenue
Listings selected at random. Courtesy MLS
Under $600,000
2118 Greene Ave., Unit D1
$495,000
Condo
1 bedroom, 1 bathroom
Claudia Looi, Keller Williams
Landmark II
$600,000-$1,000,000
7822 61st St.
$859,888
Multi Family
4 bedrooms, 2.5 bathrooms
Amberly Sclar, New York Realty
Minimax Inc
Over $1,000,000
60-29 71st Ave.
$1,150,000
Multi Family
5 bedrooms, 2 bathrooms
John Lombardi, Crifasi Real Estate
Inc
78th Avenue 72nd Place 80th Street
Under $600,000
90-50 Union Tpke., Unit 16L
$439,000
Cooperative
2 bedrooms, 1 bathroom
Wioletta Bednarczuk, Sold By Bart
R E Partners Inc
$600,000-$1,000,000
80-08 78th Ave.
$778,000
Single Family
3 bedrooms, 2 bathrooms
Stuart Caspi, Douglas Elliman
Real Estate
Over $1,000,000
80-18 78th Ave.
$1,298,000
Multi Family
4 bedrooms, 2 bathrooms
Margaret Klusek, Winzone Realty
Inc
Under $600,000
52-30 65th Place, Unit 3C
$365,000
Cooperative
2 bedrooms, 1 bathroom
Aneta Pycior, Crifasi Real Estate
Inc
$600,000-$1,000,000
52-51 72nd Place
$995,000
Single Family
4 bedrooms, 3 bathrooms
John DeMattia, Imperato Realty
Over $1,000,000
60-70 60th Lane
$1,259,000
Multi Family
7 bedrooms, 3 bathrooms
Daniela Calle, Success King
Realty
Under $600,000
66-41 69th Street, Unit 1D
$395,000
Condo
1 bedroom, 1 bathroom
Xiao Zheng and Mark Gorenstein,
Jamie & Connie Real Estate Grp
$600,000-$1,000,000
65-42 80th Street
$749,000
Two Story
2 bedrooms, 1.5 bathrooms
Nicholas Zestanakis, Keller Williams
Rlty Landmark
Over $1,000,000
68-34 76th St.
$1,250,000
Multi Family
6 bedrooms, 5 bathrooms
Rani Golan-Baldino, Compass
Greater NY LLC
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