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
Vishaan Chakrabarti of Practice for Architecture and Urbanism and Hiten Samtani of The Real Deal (Getty)

Vishaan Chakrabarti on a Manhattan real estate market without private cars

Vishaan Chakrabarti on a Manhattan real estate market without private cars
Vishaan Chakrabarti of Practice for Architecture and Urbanism and Hiten Samtani of The Real Deal (Getty)

The REInterview: What if Manhattan had four Central Parks’ worth of land to play with?

The REInterview: What if Manhattan had four Central Parks’ worth of land to play with?
Social Construct CEO Ben Huh, The Real Deal's Hiten Samtani and Social Construct cofounder Michael Yarne

The REInterview: Social Construct’s founders on making multifamily construction an assembly line

The REInterview: Social Construct’s founders on making multifamily construction an assembly line
2870 Ocean Avenue in Sheepshead Bay (Google Maps)

Chetrit firm to acquire Sheepshead Bay development site

Chetrit firm to acquire Sheepshead Bay development site
Alexandria Real Estate Equities founder Joel Marcus and Alexandria Center for Life Sciences (Getty, Google Maps)

Life-sciences sector proves safe haven for landlords

Life-sciences sector proves safe haven for landlords
123 West 23rd Street and Adam Neumann (Google Maps; Getty Images)

Adam Neumann, Jeff Dagowitz get $75M refi for Chelsea dev site

Adam Neumann, Jeff Dagowitz get $75M refi for Chelsea dev site
22-15 31st Street (Google Maps)

Supermarket signals demise as Target eyes Astoria

Supermarket signals demise as Target eyes Astoria
270 Park Avenue (Google Maps; iStock)

City planning through a pandemic

City planning through a pandemic
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...