Renders of Olympia Dumbo Condominium at 30 and 60 Front Street in Brooklyn (OLYMPIA DUMBO/Hill West Architects)
He found Dabodt. As for Brooklyn and Queens condominium plans, this year has dumped 2020 from the water.
With total projected sales of $1.29 billion, the state’s 10 largest projects registered this year nearly quadrupled the $384 million total from last year’s top 10.
The most expensive Brooklyn or Queens condominium profile of 2020 – a Long Island City project with an expected sale of $79 million – would have made it to the bottom of this year’s top 10 projected sale It was a 33-story project expected to be completed in Sometime next year and sales of $375 million in units, roughly the same as the combined prices of the top 10 projects of 2020.
Let’s get to the goods. Here are the most expensive condo filings for 2021 in Brooklyn and Queens, based on show plans approved by the state’s attorney general:
1. Olympia Dumbo Complex | 375 million dollars
The most valuable files of the year go to Fortis’ Olympia Dumbo Condominium at 30 & 60 Front Street in Brooklyn.
Fortis acquired the site for approximately $91 million in 2018. Construction on the 33-storey, 76-unit luxury project is expected to be completed next year. According to Fortis’ supply plan to the state, the top two units in development will command over $3,000 per square foot. The average asking price in development is $2,203 per square foot.
2. Nisoun Tower | 174 million dollars
Located at 136-18 and 136-20 Maple Avenue in Queens, this 113-unit condo has an expected sale of $174 million. Permits were submitted for 136-18 Maple Avenue in January, while permits were submitted for the smaller sister building in March.
At 136-18 Maple Avenue, plans require a 147-foot-high development with 105.621 square feet, of which 68,151 is residential, 50,459 are community amenities and 39,501 is commercial space. The adjacent 92-square-foot project will have a total area of 158,111 square feet, of which 68,151 for residential buildings, 50,459 for community facilities, and 39,501 for commercial facilities, according to Yembe.
3. Tangram Western House | 151 million dollars
F&T Group and SGC America’s Tangram House West Condominium are set to be part of the broader $800 million Tangram complex in Queens. Tangram House West, at 133-36 37th Avenue, will feature 132 units and amenities including a heated indoor pool and indoor garden with cherry trees. Units are priced from $680,000 to $3.39 million
The complex will also have 85,000 square feet of office space and a 208-room Renaissance Hotel. In total, the sprawling project will be 1.2 million square feet.
4. 510 Drigs Street | 104 million dollars
In Brooklyn, the 510 Driggs Avenue complex at Northlink Capital is planned to be 74 feet tall and 79,500 square feet tall. The building will house 44 units as well as 12,820 square feet of commercial retail space, according to Yimby. Amenities will include a laundry room, 82 places for bikes, a garage for 111 cars, outdoor leisure space, a fitness center and a rooftop terrace.
5. Flushing Garden | 102 million dollars
Shen Xiang Lin purchased a location owned by The Church of Jesus Christ of Latter-day Saints, 144-27 Sanford Street in Flushing in 2018 for $27 million. Now it’s set to become a 131-unit apartment building with a sale value of $102 million.
6. Ming’s Park | $98 million
Developer Ming’s Garden Realty has successfully secured a $50 million construction loan to develop this 13-story, 143-unit condo at 26-01 4th Street in Astoria. It will also feature 40,034 square feet of commercial space on the ground floor. Construction is underway and is due for completion in the fall of 2023. Site plans date back to at least 2014.
The mix of units in the project consists of 11 studios, 48 one-bedroom and 84 two-bedroom units. On-site amenities include a gym and rooftop terrace, as well as access to area gardens. The commercial space will be allocated to a community facility such as a medical office, church or school, according to Real Estate Weekly.
7. Blvd. Residential Complexes | $92 million
RJ Capital Holdings is planning a 74-unit, 84,462 square foot project at 107-06 Queens Boulevard in Forest Hills. Jarmel Kizel Architects was chosen to design the 10-story building, which features 11,635 square feet of commercial space and 72,827 square feet of residential space. The project was formerly known as Denary Condominiums. The site was once home to a laundromat.
8. The Epic Tower | $89 million
Bayside-based developer’s Flushing project was just epic enough to score 8th on this list. In 2015, Yin Chou Hu submitted plans for this 14-story, 88,000-square-foot building at 41-62 Bone Street.
The project will contain 95 apartments, as well as offices on the ground floor and retail stores with a total area of approximately 12,000 square feet. The second floor will house the school facilities.
9. Queens Garden | 53 million dollars
This 91-unit development on 70-65 Queens Boulevard in Elmhurst is 105 feet high and contains 67,033 square feet of residential space, 6,220 square feet for commercial use, and 8,463 square feet for a community facility, according to a 2018 article in Jackson Heights. Post. Yimby reports that the developer is Skyhill III Group.
10. 450 Warren Residential Complex
Developed by Brooklyn-based Tankhouse, the project is the first New York condominium designed by architecture firm SO – IL, a studio known for its site-specific installations, museums, and private homes. The Boerum Hill project will include 18 units, all with at least three exposures with oversized windows, some overlooking one of the three planted courtyard gardens.