REAL ESTATE
Upcoming Long Island City condo will be the tallest in Queens
BY JENNA BAGCAL
jbagcal@qns.com/ @jenna_bagcal
Long Island City will soon be
the home to Queens’ tallest tower
to date.
On July 9, the developers of 23-14
44th Dr. secured a $502 million loan
from JP Morgan, which was brokered
Sales in Queens HOMES COOPS CONDOS Listings and photos courtesy MLSLI
NORTHEAST NORTHWEST SOUTHEAST SOUTHWEST
BAYSIDE LONG ISLAND CITY HOLLIS HILLS OZONE PARK
Under $500,000
147-37 Beech Ave, Flushing
$327,000
Co-op
1 bedroom, 1 bathroom
Joel Abreu
LandSeair Real Estate Group
$500,000 - $900,000
15-05 149 St., Whitestone
$849,000
1-Family Colonial
3 bedrooms, 2 bathrooms
Nelly Andrushenko
Power Realty Inc
Over $900,000
3817 Corporal Kennedy, Bayside
$1,490,000
1-Family Colonial
4 bedrooms, 3 ½ bathrooms
Zengwen Ye
Fundiscover Corp
Under $500,000
47-55 39th Pl., Sunnyside
$398,000
Condo
2 bedrooms, 1 bathroom
Sanjeev Th apar
Voro LLC
$500,000 - $900,000
25-69 38th St., Astoria
$759,000
Condo
2 bedrooms, 1 bathroom
Carmela Vlacich
Realty Executives Today
Over $900,000
48-15 11th St., Long Island City
$1,445,000
Condo
2 bedrooms, 2 bathrooms
Constanza Pinilla
Douglas Elliman Real Estate
Under $500,000
114-63 203rd St., Jamaica
$250,000
1-Family, 2-Story
3 bedrooms, 9 bathroom
A Leclerc Etienne
Best House Realty Inc
$500,000 - $900,000
89-94 216th St., Queens Village
$675,000
1-Family, Colonial
3 bedrooms, 1 bathroom
Carmen Sang
New Group Realty Inc
Over $900,000
219-63 Stewart Rd., Hollis Hills
$1,088,000
1-Family, Hi Ranch
3 bedrooms, 3 bathrooms
Irene Gringuz
Daniel Gale Associates Inc
Under $500,000
114-06 Queens Blvd., Forest Hills
$250,000
Co-op
1 bedroom, 1 bathroom
Debra Harari
Contact Realty II Corp
$500,000 - $900,000
95-16 162nd Ave., Howard Beach
$649,000
1-Family, Ranch
3 bedrooms, 1 bathroom
Carolyn McGuire
Metro Net Realty LLC
Over $900,000
88-01 97th Ave., Ozone Park
$1,388,000
3-Family Colonial
6 bedrooms, 3 ½ bathrooms
Alina Yukhtman
Prime Realty
by the New York City-based
company Meridian Capital Group.
Th e loan is the largest loan ever
for the borough and one of the largest
for the city, according to Modern
Spaces, which is exclusively handle
marketing and sales for the project.
Chris Xu of United Construction
and Development is the lead developer
on the project, and is collaborating
with partners Henry
Yeung, Brian Pun of FSA Capital
and Risland U.S. Holdings LLC.
Th e fi rm responsible for the building’s
design is Hill West Architects,
which has designed a number of
iconic buildings in Manhattan,
Brooklyn and the Bronx. Th e architecture
fi rm’s design arm, Whitehall
Interiors, will be responsible for the
building’s interior design.
Once the project is completed,
the 802-unit luxury condominium
is slated to rise 67 stories, making
the project the tallest outside of
Manhattan. Th e apartments will sit
atop ground-fl oor retail, according
to Modern Spaces.
On July 16, Assemblywoman
Catherine Nolan addressed a letter
to Mayor Bill de Blasio, in which
she highlighted her concerns about
the “inadequacy of the current zoning
in Long Island City.”
“I have written numerous letters
opposing such large towers
and asked for changes in zoning.
I understand that the LIC Core
Neighborhood Planning Study is
again on hold, while we see new
tower aft er tower being proposed
and built in LIC ‘as of right,’ said the
assemblywoman.
“Worse, the City has recently
embarked on various eff orts to
increase the size and volume of
buildings further by trading City
owned land or air rights to further
boost size and height,” she continued.
“Th e proposal which was voted
down by Community Board Two at
27-01 and 26-32 Jackson Avenue is
the latest example. LIC is facing an
emergency situation. Th erefore, I
ask for a moratorium on any new
Buildings Department permits for
new construction in Long Island
City until the city can present a plan
for properly increasing the infrastructure,”
said Nolan.
Mayor de Blasio’s offi ce could not
be reached for comment at this
time. Rendering courtesy of MAQE
/
