Stalled Office-to-Residential Conversion Now Leasing Near Queens Plaza North


    Apartments are now available for rent at a former office building at 41-15 29th Street near Queens Plaza North in Long Island City. The apartments are being marketed by FiveBoroRealty, and move-ins are expected to start at the end of July or early August.

    The open-plan, loft-style apartments start at $1,600 and go up to $4,000. For an extra charge per month, they are available furnished. Many apartments have  views of Manhattan; apartments on the 10th floor and higher will have outdoor space as well. Once construction is completed, there will be a doorman, on-site laundry, and a fitness center. The building does not yet appear to have its Certificate of Occupancy.

    The 12-story building, originally built in 1928, has had its share of problems in recent years. After getting approval to convert the building from office to residential space, the developer, Allied Properties, was reportedly unable to get financing to complete the renovations. The building was sold in May 2010 for $12,750,000.

    Commercial space is also available on the ground floor; a women’s clinic is slated to take the second floor. A new Hilton Garden Inn is currently under construction in the adjacent lot. GMAP

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