Stagg Group files plans for 68 units in Astoria

Stagg Group submitted a new building construction project for a 68-unit, 82,960-square-foot residential (R-2) building at 29-12 Hoyt Avenue South in Astoria, Queens. The plan was filed on May 11, 2026. It calls for the construction of a 94-foot-tall, nine-story building and was filed with the New York City Department of Buildings under job number Q01395583. The project is described in the filing as: construction of a new 9-story building consisting of 68 apartment units.. The applicant is the Registered Architect Minkuk Kim of MK Architect Studio. Mark Stagg of Stagg Group submitted the plans.

Property records show the building is owned by an entity that appears unrelated to Stagg Group. The most recent sale was in 2012 for $830,000.

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 $851.5 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 2.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space. There were 44 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 two of the 12 commercial properties representing 9,475 square feet of the 75,495 square feet. The two identified owners are Ioannis Likidis and Mohammed Sajjad.
On the tax block, there was one new building construction project filed totaling 59,822 square feet. It is a 68-unit, 59,822 square-foot residential (R-2) building submitted by Stagg Group and filed by Mark Stagg with plans filed May 11, 2026 and it has not been permitted yet.

The surrounding

Within a 400-foot radius of 29-12 Hoyt Avenue south, PincusCo identified two commercial real estate items of interests occurred over the past 24 months.
One of those two items was a sale which Ioannis Likidis bought the 4,634-square-foot, seven-unit mixed-use building (K2) on 25-02 31st Street for $7 million from Helen Young on August 6, 2024.
One of those two items was a loan which Vito Giannola borrowed $7.3 million from Provident Bank secured by the 38,750-square-foot, 26-unit rental (D7) on 28-21 Astoria Boulevard on October 15, 2025.

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