New Empire Corp. has unveiled plans for a condominium community in Queens, New York. The company acquired a 19,000-square-foot corner site for $16.2 million, which is currently home to a single-story store which will be demolished.
Upon completion, the community will consist of 120 one- and two-bedroom units. Common-area amenities will include a fitness center, personal storage and parking, a children’s playroom and indoor and outdoor lounges.
Located at 58-01 Queens Blvd., in Woodside, the development is just 6 miles from Manhattan. Residents will have access to Sunnyside Gardens Park, one of New York City’s two privately owned parks for residents, less than 1 mile away, with public schools and libraries situated in the surrounding area. Dining and retail options are available nearby, along Roosevelt and Queens boulevards. The community has easy access to public transit options.
New Empire Corp. has other development projects in the area. The company has also acquired a 9,000-square-foot site at 24-01 Queens Plaza N., for a community slated to break ground in early 2023.
Despite recent pandemic-induced woes, the Greater NYC area continues to see condo projects moving forward. Earlier this year, McKinley Homes US landed a $34 million construction loan for a Long Island condo project, while Skyline Development and Vasco Ventures secured $63 million for a similar development, located in Northern New Jersey, across the Hudson from Manhattan.