AG approves plan for Smyth condo in LIC

41-unit project is going up at 25-16 37th Avenue

TRD New York /
Nov.November 22, 2017 01:30 PM

Rendering of 25-16 37th Avenue (Credit D.A. Development Group)

The New York state Attorney General’s office approved the offering plan for the Smyth, a 41-unit condominium in the Dutch Kills area of Long Island City.

D.A. Development and JBL Development Group can now officially launch sales for the project at

25-16 37th Avenue, dubbed the Smyth. Filings show the total apartment asking price is $39 million, so units with average just under $1 million a piece.

The six-story, 75,000-square-foot building will include two floors of commercial space broken into five separate units. 62 parking spaces are also planned. A description of the project on D.A. Development’s website indicates construction is expected to wrap by mid-2018, and New York YIMBY reported earlier this month that excavation of the site was nearly complete. The company did not immediately respond to an email seeking comment.

In May, the New York Times reported the partners had originally planned to bring the apartments to market during the spring, tapping Modern Spaces’ Eric Benaim to handle sales. Benaim did not immediately respond to a request for comment.

Earlier this year, one of Long Island City’s largest condo projects, Star Tower, was approved by the AG. The 183-unit development has a projected sellout price of $253.3 million.


Related Articles

arrow_forward_ios

California passes landmark rent control law

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

The construction giants catching a Windy City windfall

David Marx of MDG Real Estate and the site at 71-05 Parsons Boulevard in Queens (Credit: Google Images and iStock)

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

Resi scorecard: Brooklyn and Queens condo inventory through June 2019

Mack-Cali sells Paramus office property, Murphy enacts land bank reforms & more North Jersey real estate news

Jeff Bezos and Amazon HQ in Silicon Valley (Credit: Getty Images)

Why Amazon HQ2 is already rattling the local housing market

Penny Bradley (Credit: Getty Images)

Upper East Side developer funded “lavish lifestyle” through mortgage fraud: Manhattan district attorney

arrow_forward_ios