Ji Wen Ma plans 10-unit project in Elmhurst

Ji Wen Ma submitted a new building construction project for a 10-unit, 7,488 square-foot residential (R-2) building at 87-46 52nd Avenue in Elmhurst, Queens. The plan was filed with the New York City Department of Buildings on December 6, 2022 under job number Q08021308. It calls for the construction of a five-story building. The project is described in the filing as: new 5-story residential building. The architect is Lu Ning Architecture, PLLC.

The property

The wedge-shaped parcel has frontage of 23 feet and is 100 feet deep with a total lot size of 2,300 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $936,000.

Prior sales and revenue

This property was sold with another property for $800,000 on April 25, 2007.

Violations and lawsuits

According to city public data, the property has not received any significant violations in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Elmhurst, The bulk, or 40 percent of the 20.3 million square feet of commercial built space are elevator buildings, with mixed-use buildings next occupying 21 percent of the space. In sales, Elmhurst has near average sales volume among other neighborhoods with $183.7 million in sales volume in the last two years and is the 10th highest in Queens. For development, Elmhurst has near average amount of major developments among other neighborhoods and is the 10th highest in Queens. It had 617,890 square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space. There were three pre-foreclosure suit filed among other development buildings in the past 12 months.

The block

On the tax block, there was one new building construction project filed totaling 7,488 square feet. It is a 10-unit, 7,488 square-foot residential (R-2) building submitted by Ji Wen Ma and filed by Ji Wen Ma with plans filed December 6, 2022 and it has not been permitted yet.

The surrounding

Within a 400-foot radius of 87-46 52 Avenue, PincusCo identified one commercial real estate item of interests occurred over the past 24 months. It was a loan which 87-10 51st Avenue Owners Corp. borrowed $13.5 million from Investors Bank secured by the 141,954-square-foot, 152-unit co-op (D4) on 87-10 51st Avenue on July 6, 2022.

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