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New condo to go up near MoMA PS1

11-51 47th

Rendering (11-51 47th)

April 7, 2014 By Christian Murray

The development of Hunters Point continues, with reports that a new condo building is going up adjacent to MoMA PS1, at 11-51 47th Avenue.

The property, based on its rendering, will be a 54-unit condo, according to New York YIMBY. The development will be 70,000 square feet and designed by Fogarty Finger.

Fogarty Finger designed Five27, the 27-unit condo located at 5-27 51st Avenue, which sold out last month.

The news of this project comes a day after Community Board 2 gave its blessing to a developer who seeks a zoning change at 11-55 49th Avenue.

The new zoning would allow Maddd Equities, the developer, to construct a 12 story, 140 unit rental building (28 to be affordable) on that site.

However, the application for a zoning change still needs to go before the Queens Borough President, the City Planning Commission and the City Council.


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