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New development to go up on 47th Road

(site location)

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June 26, 2015 Staff Report

A four-story, 14 unit residential building is planned for 47th Road, according to filings with the Department of Buildings Wednesday.

The property, located at 5-25 47th Road, is currently home to a single-story warehouse that is likely to be demolished.

The new building will be directly across the street from 5SL.

The property is being developed Joseph Palumbo, the owner Rising Developers Group.

 

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15 Comments

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Paul

Let me know if you want to consider putting up your unit on the market. Right now would be a good time to sell:)
I am a local real estate broker, with expertise strictly on LIC ( I live here as well, 13 yrs). I can get the job done!
I sold in 5SL before, and recently set a highest sale record at Citylights bldg(diagonal from your bldg), on price/p/sq.f. basis.
Message me here and I will reply with my contact info.

Reply
Roger

The same pressures to build exist for all communities close to manhattan: jersey, Brooklyn, etc. But why does our development seem so unbalanced? (95% of 20,000 new units are rental.) Where is the new commercial space?

Reply
LIC_Dude

Oh stop it. This has all been in the planning stages for decades. Sorry if *your* view got blocked and *you* didn’t know about it.

Be thankful you had that view for as long as you did and stop focusing on yourself!

Reply
David

Seriously…it is a 4 story building. Not exactly a high rise, but OMG, it is CHANGE. Grab your pitchforks!

Reply
Elyse

This stinks. There goes my view of the 59th street bridge which I have enjoyed for 10 years.

Reply
paul shayn

Let me know if you want to consider putting up your unit on the market. Right now would be a good time to do it:)
I am a local real estate broker, with expertise strictly on LIC ( I live here as well, 13 yrs). I can get the job done!
I’ve worked in your bldg before, and recently set a highest record at Citylights bldg(diagonal from your bldg), on price/p/sq.f. basis.
Message me here and I will reply with my contact info.

Reply

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