A new seven-story, mixed-use building will be erected at 34-22 35th St. in Astoria, according to plans filed with the Department of Buildings (DOB).
The vacant 15,000-square-foot property, which is located across the street from Kaufman Astoria Studios, was purchased by Valyrian Capital LLC for $16 million. The building will consist of 65 residential units, 3,000 square feet of retail space on the ground floor, terraces and 33 parking spaces, according to the DOB.
Each residential unit will be approximately 665 square feet, and parking in the cellar will be accessible from a ramp on 35th Street. Kutnicki Bernstein Architects is the principal designer. Most of the units will include balconies and private terraces, which will be constructed on the fifth and seventh floors, according to the plan.
Cushman & Wakefield described the first six months of 2015 as the second-highest dollar volume the Queens real estate market has seen within the first half of any year, with $1.6 billion in real estate sales generated.
Astoria was the site of one of the most lucrative deals this year, with a $72.25 million sale of a 144-unit apartment building at 11-15 Broadway/30-50 21st St.
