WWW.QNS.COM RIDGEWOOD TIMES MAY 20, 2021 31
Plans for luxury condo development
in Long Island City move forward
Ridgewood Times Sales Guide
Under $600,000
61-20 71st Ave. Unit E1A
$529,888
Condo
2 bedrooms, 2 bathrooms
Deirdre Folan, Keller Williams
Rlty Landmark
$600,000-$1,000,000
60-72 Palmetto St.
$879,000
Multi-Family
5 bedrooms, 2 bathrooms
Joseph Fabrizio, Douglas Elliman
Real Estate
Over $1,000,000
61-20 Linden St.
$1,075,000
Multi-Family
5 bedrooms, 2 bathrooms
Ahmed Duraliev and Sonia Juran
Kulesza,Werba Realty LLC
Under $600,000
90-60 Union Tpke. Unit 4D
$345,000
Co-op
2 bedrooms, 1 bathroom
Michal Marek and Bartosz Olszewski,
Sold By Bart R E Partners Inc
$600,000-$1,000,000
58-41 79th Ave.
$799,000
Single Family
3 bedrooms, 1 full and 2 half
bathrooms
Anthony Fernandez, Century
Homes Realty Group LLC
Over $1,000,000
65-15 Myrtle Ave.
$1,049,000
Multi-Family
5 bedrooms, 2 bathrooms
Miriam Vasquez, RE/MAX Team
Under $600,000
52-24 65th Place Unit 5P
$349,000
Co-op
2 bedrooms, 1 bathroom
Beata Fil, Exit All Seasons
Realty
$600,000-$1,000,000
60-68 54th St.
$709,000
Townhouse
3 bedrooms, 2 bathrooms
Liu Hu and Yu Cheng Hsu, B
Square Realty Inc
Over $1,000,000
60-18 62nd Ave.
$1,199,000
Single Family
3 bedrooms, 1 bathroom
Irene Biasi, JB & Associates
Corp
Under $600,000
72-52 Metropolitan Ave. Unit 3B
$515,000
Condo
2 bedrooms, 2 bathrooms
Andrew LaSala, Crifasi Real Estate
Inc
$600,000-$1,000,000
65-18 79 St.
$789,000
Single Family
3 bedrooms, 1 bathroom
Alejandro Rodriguez, Winzone
Realty Inc
Over $1,000,000
61-23 69th Lane
$1,200,000
Multi Family
4 bedrooms, 3 bathrooms
Christopher Tscherne and Joan
Walsh, Tscherne Realty Inc
REAL ESTATE
BY ANGÉLICA ACEVEDO
AACEVEDO@SCHNEPSMEDIA.COM
@QNS
A new luxury condo in Long Island City is moving forward following funds obtained by its
developers.
The Nova, which will be located at 41-05 29th St., will be a 24-story building and will feature 86
units in total and ground-fl oor retail across 95,000 square feet.
SCALE Lending, the lending affi liate of Slate Property Group, announced it secured a $55 million
construction loan on May 13 in order to complete the development.
Martin Nussbaum, co-founder and principal of Slate Property Group, said they’ve been very active in
the western Queens neighborhood in the past fi ve years.
He says Long Island City, which is undergoing rapid development, has maintained a “strong demand”
throughout the COVID-19 pandemic and have even seen “an increase in activity recently” in the rental
and condo markets.
“With our confi dence in SB Development’s experience and their business plan for the site, we were able
to work quickly with them to close on this loan,” Nussbaum said.
The Nova is being developed by SB Development, which has several properties in the neighborhood,
and 1 Oak Construction.
Joseph Stern, principal of SB Development, said it was a “pleasure” working with the team at SCALE.
“We’re very excited and fortunate to move forward with developing this architectural beacon for the
neighborhood and grateful to be in a position that allows us to contribute to the rebirth of this great city
that we love,” Stern said.
The Nova is set to be completed in June 2022.
Linden Street
Listings selected at random. Courtesy MLS
RIDGEWOOD GLENDALE MASPETH MIDDLE VILLAGE
79th Avenue 54th Street 79th Street
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