1,394 units, 1.3M sf in three resi buildings planned on Astoria parcel

An affiliate of Boris Aronov, who bought an Astoria waterfront parcel in 2013 for $26.5 million, filed plans for three residential buildings with a total of 1,394 units and 1.3 million square feet, according to the New York City Department of Building applications disclosed this week. JRJ Metro Realty shares an address with Aronov’s Astoria Owners LLC, which owns the parcel. The architect is Studio V Architecture, PLLC.

In the first filing, Peter Rinato of Midtown-based JRJ Metro Realty submitted a new building construction project for a 496-unit, 580,861 square-foot residential (R-2) building at 3-11 26th Avenue in Astoria, Queens. The plan was filed with the New York City Department of Buildings on November 1, 2022 under job number Q00713747. It calls for the construction of a 35-story building. The project is described in the filing as: Residential New Building.

In the second, Peter Rinato of JRJ Metro Realty submitted a new building construction project for a 615-unit, 473,417 square-foot residential (R-2) building at 3-09 26 Avenue in Astoria, Queens. The plan was filed with the New York City Department of Buildings on November 1, 2022 under job number Q00703443. It calls for the construction of a 32-story building. The project is described in the filing as: Residential New Building.

In the third, Peter Rinato of JRJ Metro Realty submitted a new building construction project for a 283-unit, 275,427 square-foot residential (R-2) building at 3-01 26 Avenue in Astoria, Queens. The plan was filed with the New York City Department of Buildings on November 1, 2022 under job number Q00702943. It calls for the construction of a 24-story building. The project is described in the filing as: Residential New Building.

The property

The 3-01 26 Avenue parcel has frontage of 600 feet with a total lot size of 328,784 square feet. The lot is irregular. The zoning is R7-3 with a C2-4 overlay.

Violations and lawsuits

According to city public data, the property has received $100 in OATH penalties in the last year.

There were no lawsuits or bankruptcies filed against the property since September of 2020.

The neighborhood

In Astoria, the bulk, or 37 percent of the 39.2 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 29 percent of the space. In sales, Astoria has near average sales volume among other neighborhoods with $1.1 billion in sales volume in the last two years and is the 2nd highest in Queens. For development, Astoria is the 9th most active neighborhood among other neighborhoods. It had 4.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 11 percent of the neighborhood’s built space.

The surrounding

This is the first commercial real estate event of interest identified within the 400-foot radius of 3-01 26th Avenue in the past 24 months.

Direct link to the property’s ACRIS page and link to DOB NOW portal.