After holding the lot for close to a decade, developer Sam Zirkiev is planning to deliver nearly 300 units to Queens.
Zirkiev recently filed a rezoning application with the Department of City Planning for a project at 135-27 Sapphire Street in the borough’s Lindenwood neighborhood, Crain’s reported. The developer told the outlet that the area near Howard’s Beach and the border of East New York has been “neglected forever” and his project is part of an effort to turn it around.
Zirkiev’s six-story project on the 55,000-square-foot lot would span 186,000 square feet and stand 65 feet tall. There would be 270 units, roughly 25 percent of which would be affordable; Zirkiev is planning to take advantage of the city’s mandatory inclusionary housing program.
There will be 68 studios, 111 one-bedrooms and 91 two-bedroom units. The property will be between Linden Boulevard and 149th Avenue and shaped like a “U” with a courtyard within its bounds.
Zirkiev did not provide a timeline for the project, which he said he’s “been trying to do … for a long, long time already.” He purchased the lot nine years ago for $350,000.
Should Zirkiev continue along the rezoning path, it will mark the latest sizable residential development in the works in Queens.
In February, Moshe Braver secured $148 million in construction financing for the second phase of his multifamily project at 94-15 Sutphin Boulevard in the Jamaica neighborhood. Dwight Mortgage Trust supplied the loan for the 24-story, 524-unit project on Sutphin Boulevard, which will feature 366 market-rate apartments and 158 affordable housing units.
Last week, the city’s Department of Housing Preservation and Development released a request for proposals for a 70,000-square-foot parcel within the 30-acre Hunter’s Point South site in Long Island City. The residential component of any proposed complex will include both affordable and market-rate units.
— Holden Walter-Warner
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