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Jeff Blau to Class B office owners: “Take what you can and run”Jeff Blau to Class B office owners: “Take what you can and run”Wells Fargo to take a $60M loss on 13-story office tower in SFWells Fargo to take a $60M loss on 13-story office tower in SFFirst look inside Transamerica Pyramid’s tenant-only spacesFirst look inside Transamerica Pyramid’s tenant-only spacesMAP: Where certain foreign buyers will be banned from buying South Florida real estateMAP: Where certain foreign buyers will be banned from buying South Florida real estate
New York

87-unit tower planned for booming Long Island City

Yet another new development is slated for Long Island City, Queens, where a number of megaprojects have risen in recent years and other are already in the pipeline.

Sina Mahfar of SMA Equities plans to develop a 12-story, 87-unit project at 41-18th 24th Street, Between 41st Avenue and Queens Plaza North. The building will feature 66,525 square feet of residential space, although whether the units will be rentals or condominiums is not yet known. The planned tower will also boast a roof terrace, parking and bike storage. A plan exam was filed earlier this week for the project, with Flushing-based MY Architect PC set to design.

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The developer bought the site last year for $2.6 million, according to BuzzBuzzHome. In May, demolition permits were filed for the one-story warehouse on the lot. On the same block is the World-Wide Group’s 421-unit rental project at 41-50 24th Street. [BuzzBuzzHome] — Mark Maurer

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Long Island CitySMA EquitiesWorld Wide Group

TRENDING

Jeff Blau to Class B office owners: “Take what you can and run”Jeff Blau to Class B office owners: “Take what you can and run”Wells Fargo to take a $60M loss on 13-story office tower in SFWells Fargo to take a $60M loss on 13-story office tower in SFFirst look inside Transamerica Pyramid’s tenant-only spacesFirst look inside Transamerica Pyramid’s tenant-only spacesMAP: Where certain foreign buyers will be banned from buying South Florida real estateMAP: Where certain foreign buyers will be banned from buying South Florida real estate
New York

87-unit tower planned for booming Long Island City

Yet another new development is slated for Long Island City, Queens, where a number of megaprojects have risen in recent years and other are already in the pipeline.

Sina Mahfar of SMA Equities plans to develop a 12-story, 87-unit project at 41-18th 24th Street, Between 41st Avenue and Queens Plaza North. The building will feature 66,525 square feet of residential space, although whether the units will be rentals or condominiums is not yet known. The planned tower will also boast a roof terrace, parking and bike storage. A plan exam was filed earlier this week for the project, with Flushing-based MY Architect PC set to design.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The developer bought the site last year for $2.6 million, according to BuzzBuzzHome. In May, demolition permits were filed for the one-story warehouse on the lot. On the same block is the World-Wide Group’s 421-unit rental project at 41-50 24th Street. [BuzzBuzzHome] — Mark Maurer

Tags
Long Island CitySMA EquitiesWorld Wide Group