331 Beach 35 Street

Owner: L+M Development Partners

Debt: January 03, 2023, $85.5 million

Built: 2023

SF: 135,273

Dwelling units: 146

No. of buildings: 1

Class: Fireproof – With Stores (D6)

Floors: 8

Legacy BBLs: 4158250001

Transactions:

• Company sold N/A Beach Channel Drive, N/A Edgemere Avenue, 331 Beach 35th Street, 331 Beach 35th Street, 331 Beach 35th Street, and others, Edgemere, Queens for $0 to company on September 19, 2025.

• Company sold N/A Beach Channel Drive, Edgemere, Queens for $0 to company on April 04, 2023.

• Company sold N/A Beach Channel Drive, Edgemere, Queens for $0 to company on January 09, 2023.

• Company sold N/A Beach Channel Drive and N/A Edgemere Avenue, Edgemere, Queens for $0 to company on January 03, 2023.

• L+M Development Partners borrowed $85.5 million from NYC Housing Development Corporation for N/A Beach Channel Drive and N/A Edgemere Avenue, Edgemere, Queens on January 03, 2023.

Development:

• Spencer Orkus filed plans for SC in Edgemere, Queens, on April 09, 2025.

• Spencer Orkus filed plans for alteration in Edgemere, Queens, on March 13, 2024.

• Spencer Orkus filed plans for alteration in Edgemere, Queens, on March 05, 2024.

• Spencer Orkus filed plans for alteration in Queens, on August 16, 2023.

• Spencer Orkus filed plans for alteration in Edgemere, Queens, on February 28, 2023.

Violations:

According to city public data, the properties have received $2,500 in ECB penalties and $2,500 in OATH penalties in the last year.

Latest Stories:

• L+M Development Partners signs $85.5M new construction loan for two properties in Edgemere (January 04, 2023)

• NYC Department of Housing Preservation and Development files plans for construction of a 138-unit, 115K sf residential building in Queens (March 16, 2020)