EMP Capital Group files plans for 79 units in Astoria

EMP Capital Group submitted a new building construction project for a 79-unit, 85,283-square-foot residential (R-2) building at 40-16 35th Avenue in Astoria, Queens. The plan was filed on June 24, 2026. It calls for the construction of a 284-foot-tall, 26-story building and was filed with the New York City Department of Buildings under job number Q01416407. The project is described in the filing as: proposed twenty-six (26) + cellar mixed-use building.. The applicant is the Registered Architect Ralph Kowalcyzk of Issac & Stern Architects, P.C. Elie Pariente of EMP Capital Group submitted the plans. The parcel is an L-shaped development site fronting on both Steinway Street and 35th Avenue, but not including the corner parcel, that has an address of 35-01 Steinway Street.

The most recent property records for this parcel do not yet indicate EMP Capital Group has an ownership stake. A DOB document indicates EMP Capital Group’s
Steinway Development PO LLC owns the four parcels, 40-16 35th Avenue, 35-08 41st Street, 35-20 41st Street and 35-19 Steinway Street.
Floors 3 through 9 contain five units each, floor 10 holds two units, and floors 11 through 26 contain three units each, excluding floors 14 and 15, which serve as amenity space. The cellar houses storage and mechanical facilities, including 168 bicycle parking spaces. Commercial retail occupies floors 1 and 2, accommodating 162 persons, with a second-floor roof terrace.

40-16 35th Avenue

The neighborhood

In Astoria, The bulk, or 36 percent of the 40.2 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 31 percent of the space. In sales, Astoria has near average sales volume among other neighborhoods with $864 million in sales volume in the last two years and is the 2nd highest in Queens. For development, Astoria has near average amount of major developments among other neighborhoods and is the 5th highest in Queens. It had 2.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 7 percent of the neighborhood’s built space. There were 88 pre-foreclosure suit filed among other development buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of three of the eight commercial properties representing 47,595 square feet of the 76,344 square feet. The largest owner is Domain Companies , followed by Doris Hinsch Lezny Member and then Zd Jasper Realty .
On the tax block, there were three new building construction projects totaling 282,589 square feet. The largest is a 99-unit, 120,489 square-foot residential (R-2) building submitted by ZD Jasper Realty and filed by Tom Wu with plans filed June 11, 2026 and it has not been permitted yet. The second largest is a 79-unit, 85,283 square-foot residential (R-2) building submitted by EMP Capital Group and filed by Elie Pariente with plans filed June 24, 2026 and it has not been permitted yet.

The surrounding

Within a 400-foot radius of 40-16 35 Avenue, PincusCo identified 14 commercial real estate items of interests occurred over the past 24 months.
Of those 14 items, seven were in new building development. There were seven new building permit applications. The most recent of these seven items was a filing on June 11, 2026 for a 142,701-square-foot residential (R-2) building with 99 residential units at 35-25 Steinway Street.
Of those 14 items, four were sales above $5 million totaling $71.3 million. The most recent of the four was ZD Jasper Realty which bought the 18,360-square-foot, three-unit retail building (K1) on 35-25 Steinway Street for $17.7 million from Wilbee Corporation on January 30, 2026.
Of those 14 items, three were loans above $5 million totaling $56.8 million. The most recent of the three was ZD Jasper Realty in which borrowed $11.9 million from Ponce Bank secured by the 18,360-square-foot, three-unit retail building (K1) on 35-25 Steinway Street on February 4, 2026.

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