Recent news
ZD Jasper pays $16.6M for Astoria dev site
December 17th, 2024 | By: Adam Pincus, PincusCo
ZD Jasper Realty through the entity ZDJ Steinway LLC paid $16.6 million to Robert Gans through the entity 34 Steinway Street LLC for the development site which is currently a mixed-use, 25,475-square-foot building at 34-39 Steinway Street in Astoria, Queens.
The deal closed on December 4, 2024 and was recorded on December 17, 2024. The contract date was July 30, 2024. The mixed-use, two-story building in Astoria has 25,475 square feet of built space on an approximately 24,000-square-foot lot. The total buildable appears to be about 71,325 square feet, which would be about $233 per square foot.
Excavation Underway at 171-179 East 86th Street on Manhattan’s Upper East Side
December 1st, 2024 | By: Michael Young, NY Yimby
Excavation is underway at 171-179 East 86th Street, the site of a 17-story residential building on Manhattan’s Upper East Side. Designed by Archimaera and developed by ZD Jasper, which purchased the property from Extell last year for $29 million, the 210-foot-tall structure will yield 25 condominium units with an average scope of 2,280 square feet, as well as 2,300 square feet of ground-floor retail space and two cellar levels. The development is located at the corner of East 86th Street and Third Avenue. Robin Schneiderman of Brown Harris Stevens Development Marketing will be exclusively handling sales.
Demolition Underway for At 45-40 Vernon Boulevard in Long Island City, Queens
October 29th, 2024 | By: Michael Young, NY Yimby
Demolition is progressing at 45-40 Vernon Boulevard, the site of a forthcoming 23-story mixed-use building in Long Island City, Queens… Recent photographs show the hollowed framework of the derelict industrial structure formerly known as the Paragon Paint Building. Scaffolding and netting cover the main eastern elevation facing Vernon Bouelvard, and graffiti is visible on the northern side profile. This reinforced concrete superstructure will eventually be repurposed into the podium of the new tower, preserving the industrial character of the neighborhood.
Lucent33 Finishes Construction at 37-34 33rd Street in Astoria, Queens
September 24th, 2024 | By: Michael Young, NY Yimby
Construction is complete on Lucent33, a seven-story mixed-use building at 37-34 33rd Street in Long Island City, Queens. Designed by Andres Escobar and developed by George Xu under the 33rd Street Ventures LLC, the 75-foot-tall structure spans 64,984 square feet and yields 64 rental units in studio- to two-bedroom layouts with an average scope of 744 square feet, as well as 10,601 square feet of commercial space, a cellar level, a 30-foot-long rear yard, and 32 enclosed parking spaces. The property is located between 37th and 38th Avenues.
Maxim Capital Group Lends $118M on Hudson Yards Condo Development
September 18th, 2024 | By: Cathy Cunningham, Commercial Observer
A new condo tower is saying “HeY” to Hudson Yards, and just got the dollars to rise.
ZD Jasper Realty just landed $117.5 million of construction financing for its new development at 430 West 37th Street, Commercial Observer can first report.
When completed, the new building will comprise 128 residential units across 11 stories and also include ground- and cellar-level commercial space.
Maxim Capital Group provided the loan, which retires existing debt and also funds completion of the building’s construction.
Housing Lottery Launches for 45-17 Davis Street in Long Island City, Queens
August 9th, 2024 | By: Vanessa Londono, NY Yimby
Office-to-resi conversions only ‘look good on paper,’ some developers say
July 31st, 2024 | By: Eddie Small, Crains
ZD Jasper buys LIC development site for $47M
April 24th, 2024 | By: The Real Deal
ZD Jasper Realty is taking its shot at a Long Island City waterfront site after a joint venture failed to build long-planned housing there.
The Great Neck firm acquired 45-40 Vernon Boulevard in Queens from Quadrum Global, Baron Property Group and Simon Development for $47 million, the Commercial Observer reported.
ZD Jasper plans boutique Upper East Side condo
April 12th, 2024 | By: Orion Jones, The Real Deal
Queens developer ZD Jasper planted its flag in Manhattan with a trio of land deals. Now it has condo projects planned for each of those sites. The newly filed third one, on the Upper East Side, will be 16 or 17 stories and 25 units at 171 East 86th Street, on the northwest corner of Third Avenue.
439 West 36th Street Readies For Excavation In Hudson Yards, Manhattan
April 1st, 2024 | By: Michael Young, New York YIMBY
Excavation is set to begin at 439 West 36th Street, the site of a 12-story residential building in Hudson Yards, Manhattan. Designed by Archimaera Architecture and developed and built by ZD Jasper Realty under the ZDJ 36LLC, the 120-foot-tall structure will span 48,138 square feet and yield 52 units, recreation space on the roof and in the cellar level, a below-grade community facility, and ground-floor commercial space. The project is located on a 75-foot-wide interior lot between Dyer Avenue to the east and Tenth Avenue to the west.
501 Ninth Avenue Rises Above Street Level In Midtown, Manhattan
March 18th, 2024 | By: Michael Young, New York YIMBY
Construction is rising on 501 Ninth Avenue, a 12-story residential building in Midtown, Manhattan on the border of Hudson Yards and the Garment District. Designed by Archimaera Architecture and developed by ZD Jasper under the ZDJ Hudson Yards LLC, the structure is being constructed alongside its 120-foot-tall identical counterpart at 489 Ninth Avenue at the southern end of the parcel. The two buildings will collectively span 220,000 square feet and yield 174 condominium units with an average scope of 970 square feet, as well as ground-floor commercial space, a cellar level, and a 30-foot-long rear yard. Warner Construction Services Inc. is the general contractor for both properties, which are bound by West 38th Street to the north, West 37th Street to the south, Ninth Avenue to the east, and Dyer Avenue to the west.
ZD Jasper welcomed as panelist at Mortgage Banker’s Association New Development Breakfast
March 14th, 2024
Jasper Wu represented ZD Jasper as a panelist on March 14th at the Mortgage Banker’s Association’s NYC Development Breakfast Roundtable. Other panelists included George Xu (Century Development), Baldwin Lee (Chase), Alan Silver (Toll Brothers), and Ryan Schleis (Corcoran).
Extell sells Papaya King development site
November 6th, 2023 | By: The Real Deal
Extell Development may have bitten off more than it felt like chewing on the Upper East Side.
Gary Barnett’s firm sold its development site at 1530 Third Avenue to Long Island-based ZD Jasper Realty for $24.5 million, Crain’s reported. The 5,000-square-foot, single-story building was home to longtime hot dog stand Papaya King, which has closed and is relocating across the street following a dispute.
New player in Hudson Yards snags $103M for passive house condo
September 12th, 2023 | By: Orion Jones, The Real Deal
On a large, horseshoe-shaped assemblage in Hudson Yards, developer ZD Jasper has secured $103 million to build a 158-unit condominium.
Construction lending was led by Los Angeles-based Preferred Bank, records show. The project includes three 12-story buildings expected to total 220,000 square feet at 501 Ninth Avenue, between West 37th and West 38th streets. Read More >
NYC’s condo market enjoyed the dog days of summer
September 11th, 2023 | By: Ellie Quinlan Houghtaling, The Real Deal
ZD Jasper Realty’s The Greene in Long Island City outshone the rest of the borough for total contracts signed, reporting 11 closed deals on studio and two-bedroom apartments priced between $730,000 and $1.7 million. So far, the building has closed on 103 units in the 25-story complex, just 10 months since sales started. Read More >
ZD Jasper Realty Commences Construction at 501 9th Ave
July 27th, 2023
On Wednesday, 7/19/2023, at 11:00 AM, ZD Jasper Realty held a construction commencement ceremony at 501 9th Avenue. The event marked the beginning of the 489/501 9th Avenue project, with several project participants, including ZD Jasper Realty (Developer), Warner Construction Services (General Contractor), Axon Construction (Concrete Subcontractor), and Impact Environmental (Environmental Engineer).
The project is proud to pursue Passive House certification, showcasing its dedication to sustainability and energy efficiency. Notably, it has been honored with NYSERDA’s prestigious Building of Excellence (BoE) award (round three). This esteemed recognition by the New York State Energy Research and Development Authority (NYSERDA) applauds the project’s innovative design and commitment to sustainable practices.
Learn more about NYSERDA’s Building of Excellence award at https://www.nyserda.ny.gov/All-Programs/Multifamily-Buildings-of-Excellence/Winners as we look forward to the progress of this remarkable project.
Parkside Manor 95% leased in 3 months
July 12th, 2023 | New York Business Digest
Parkside Manor, a dazzling new 90-unit, multi-family development at 148-33 90th Avenue in the Jamaica section of Queens, has leased 95% of its market rate residences in just over two months on the market. Developed by ZD Jasper Realty, in partnership with The Heller Organization, which was responsible for the leasing program, the 70/30 mixed-income rental property features studio- through two-bedroom apartments, including many with private terraces and balconies. Read More >
ZDJ secures $29M Construction Financing
June 8th, 2023 | By: Steve Griffin, CRE Market Beat
BHI has provided a $29.25 million loan to ZDJ Jamaica LLC for the construction of a seven-story mixed-use development in Queens, located at 138-45 Jamaica Avenue. The project will feature 81 residential units, retail space, and on-site parking with 30% of the units designated as affordable housing. Read More >
The Greene Wraps Up Construction
April 17th, 2023 | By: Michael Young, New York YIMBY
Construction is complete on The Greene, a 21-story residential building at 45-30 Pearson Street in Long Island City, Queens. Designed by Marvel Architects and developed by ZD Jasper, the 229-foot-tall structure yields 62,000 square feet with 130 condominium units in studio to three-bedroom layouts, as well as ground-floor retail space and parking for 15 vehicles. Read More >
ZDJ recognized at Building of Excellence Competition
March 24th, 2023
On Tuesday, March 21, 2023, $1 million was awarded to 439 West 36th Street and 489-501 9th Avenue, New York, NY, developed by ZD Jasper Realty and designed by Archimaera Architecture, through the third round of the more than $48 million Buildings of Excellence Competition recognizing the design, construction and operation of clean, resilient, and low-carbon or carbon neutral multifamily buildings at the American Institute of Architects New York Chapter (AIA NY) Center for Architecture in New York City. Launched in 2019, this Competition is the only one of its kind in the nation and is administered by the New York State Energy Research and Development Authority (NYSERDA) to provide financial incentives and recognition for the design, construction, and operation of clean, resilient, low- or zero-carbon emitting buildings. Pictured (left to right):
- Jeremy Zuidema, Director, Archimaera Architecture
- Andrew Sang, Senior Project Manager, ZD Jasper Realty
- Rosalie Genevro, Executive Director, Architectural League of New York
- Jesse Lazar, Interim Executive Director, American Institute of Architects (AIA), NY
- Doreen M. Harris, President and CEO, New York State Energy Research and Development Authority
- Rory M. Christian, Chair and CEO, New York State Public Service Commission
- Illya Azaroff, FAIA, Board at-large Director, AIA National; Past President, AIA New York State; Founding Principal, +LAB architect PLLC; Professor, New York City College of Technology (CUNY)
ZD Jasper pitches plans for Hudson Yards mixed-use project
February 28th, 2023 | By: Ellie Quinlan Houghtaling, The Real Deal
ZD Jasper Realty has filed permits for an 11-story mixed-use building that would replace an empty lot in Hell’s Kitchen.
When completed, the project at 430 West 37th Street would measure out to 128,000 square feet, according to initial specs. Most of the space will be used for 128 apartments, but 10,000 square feet would be designated for commercial use.
TRIO finishes construction
November 6th, 2022 | By: Michae Young, New York YIMBY
Construction is complete on Trio, a ten-story residential building at 27-19 Thomson Avenue in Long Island City, Queens. Designed by MY Architect PC and developed by Thomson Development, the 116-foot-tall structure will yield 34 units spread across 23,012 square feet, as well as 5,039 square feet of ground-floor retail space. Read More >
Queens developer touches down on the Far West Side
October 17th, 2022 | By: Suzannah Cavanaugh, The Real Deal
For nearly three years, a Queens developer has been quietly reshaping Queens’ skyline. ZD Jasper’s glossy rental towers and luxury condominiums first popped up in Long Island City in 2019 and have since mushroomed east, with forthcoming projects stretching toward the firm’s headquarters in Great Neck, Long Island. Read More >
New LIC Indoor Golf Venue Moving In Next To Trader Joe’s
August 30th, 2022 | By: Nick Garber, Patch
Starting this fall, Western Queens residents looking to hit the links won’t need to venture outside the neighborhood — thanks to the arrival of Five Iron Golf. The chain of indoor golf venues will open up a new location in the Jackson Avenue storefront near 46th Avenue, next door to Trader Joe’s and steps from the Court Square subway station.Read More >
Housing Lottery Launches For Trio At 27-19 Thomson Avenue In Long Island City, Queens
July 16th, 2022 | By: Vanessa Londono, New York YIMBY
The affordable housing lottery has launched for Trio, a ten-story mixed-use building at 27-19 Thomson Avenue in Long Island City, Queens. Developed by Thomson Development, the structure yields 30 residences and 5,039 square feet of lower-level retail space. Available on NYC Housing Connect are 11 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $88,835 to $187,330. Read More >
ZD Jasper pays $51.7M to Extell for dev site in Hudson Yards
March 28th, 2022 | By: PincusCo Media
Tom Zhidong Wu’s ZD Jasper Realty through the entity ZDJ W 37 LLC paid $51.7 million to Extell Development through the entity Exg 430w37 LLC for the industrial building at 430 West 37th Street in Hudson Yards, Manhattan, industrial building at 429 West 36th Street in Hudson Yards, Manhattan, and industrial building at 434 West 37th Street in Hudson Yards, Manhattan. Read More >
45-30 Pearson Street’s Brick Cladding Progresses In Long Island City, Queens
February 20th, 2022 | By: Michael Young, New York YIMBY
Brickwork is progressing on 45-30 Pearson Street, a 25-story residential tower in Long Island City, Queens. Designed by Marvel Architects and developed by ZD Jasper Realty and Ascent Development, the 300-foot-tall,building will yield 130 residences and 15 parking spots. Read More >
REZI Signs Deal for 70 Luxury Apartments at Archer House with Partners ZD Jasper
February 8th, 2022 | By: Real Estate Weekly
REZI, the pioneer of Occupancy-as-a-Service, has closed a five-year deal with respected developers, ZD Jasper and Century Group Development, for Archer House, the new luxury development in Jamaica, Queens. It was announced today by Thomas L. Smith, the company’s new Chief Revenue Officer.
This deal contracts 70 apartments directly to REZI to manage all sales, marketing, and leasing activities. REZI will be providing their proprietary AI-powered service that enables landlords to lease their residential properties directly to REZI with guaranteed income. REZI then leases to qualified tenants faster than the market average, providing owners higher-than-average net effective rent. Read More >
Permits Filed For 45-19 Davis Street In Long Island City, Queens
October 20th, 2021 | By: Vanessa Londono, New York YIMBY
Permits have been filed for a 21-story mixed-use building at 45-19 Davis Street in Long Island City, Queens. Located near the intersection of Davis Street and Jackson Avenue, the interior lot is closest to the Court Square subway station, serviced by the 7 and G trains. Tom Wu under Davis Street Development LLC is listed as the owner behind the applications.
The proposed 229-foot-tall development will yield 62,001 square feet, with 61,512 square feet designated for residential space and 489 square feet for commercial space. The building will have 82 residences, most likely rentals based on the average unit scope of 750 square feet. The concrete-based structure will also have a cellar, a 31-foot-long rear yard, and 12 enclosed parking spaces. Read More >
Excavation Underway At 27-19 Thomson Avenue In Long Island City, Queens
August 2nd, 2021 | By: Michael Young, New York YIMBY
Excavation has begun at 27-19 Thomson Avenue, the site of a ten-story, 30-unit building in Long Island City, Queens. Designed by Thomson Development LLC with Warner Construction Services Inc. handling construction, the 28,051-square-foot property will yield 23,012 square feet of residential space and 5,039 square feet of lower-level retail. The 116-foot-tall structure will rise from a 3,600-square-foot plot bound by Thomson Avenue to the south and 44th Drive to the northeast that was purchased for $6.85 million in 2018. Demolition of the site’s former low-rise occupant concluded in early 2019. Read More >
Ladder Capital’s $20M CMBS Loan Refinances The Prime LIC’s Retail Condo
July 6th, 2021 | By: Mack Burke, Commercial Observer
Circle F Capital has nabbed $20.3 million debt from Ladder Capital to refinance a retail condominium within The Prime LIC, a newly built, mixed-use condo property in Long Island City, Queens, Commercial Observer has learned. The 10-year, fixed-rate, commercial mortgage-backed securities (CMBS) loan will refinance the 26,000-square-foot retail condo that is partially situated on the ground floor. Read More >
$48M construction loan for LIC condos
May 18th, 2021 | By: Orion Jones, The Real Deal
What’s a condo developer to do when a pandemic injects uncertainty into the market? One decided to go bigger in a neighborhood already inundated with residential projects. Ascent Development has secured $48.2 million in new loans to construct a 130-unit condo building in Long Island City, according to financial documents recorded Monday. Tom Zhidong Wu of development firm ZD Jasper co-signed the construction loans. Read More >
45-30 Davis Street’s Excavation And Pilings Begin In Long Island City, Queens
April 27th, 2021 | By: Michael Young, New York YIMBY
Excavation is underway at 45-30 Davis Street, the site of a 25-story residential tower in Long Island City, Queens. Designed by Marvel Architects and developed in a joint venture between ZD Jasper and Ascent Development, the 136,648-square-foot structure will stand 300 feet tall and yield 130 condominiums and 15 parking spots on the first floor. The site is located off Jackson Avenue between Pearson Street and Davis Street, a short walk from the Court Square station that services the 7, E, M, and G trains. Read More >
Charter school takes 85K sf in Queens condo building
February 25th, 2021 | By: Akiko Matusida, The Real Deal
A charter school is expanding its footprint in Elmhurst. Central Queens Academy Charter School is taking an 85,000-square-foot space in the Justice Avenue Tower at 88-08 Justice Avenue, according to Transwestern Real Estate Service, which brokered the deal. Read More >
See the new Long Island City condo tower anchored by Trader Joe’s
February 17th, 2021| By: Devin Gannon, 6sqft
A new condo building in Long Island City is offering buyers a rare amenity in New York: private outdoor space. Located at 22-43 Jackson Avenue, The Prime contains 71 units, all of which boast balconies. And perhaps even more exciting for some, a Trader Joe’s grocery store will open on the building’s ground floor this year. Read More >
The Prime: Condo home to LIC’s first Trader Joe’s launches sales from $700K
February 9th, 2021 | By: CityRealty
The Court Square section of Long Island City is in the throes of a residential building boom largely owing to its transportation convenience allowing for easy access to Manhattan and Brooklyn. Closet to home, it is experiencing an increase in commercial activity that includes a new life science building by Innolabs and a Trader Joe’s outpost, the second in Queens. Read More >
Trader Joe’s Expected to Open Long Island City Store By End of Summer
January 14th, 2021 | By: Michael Dorgan, LIC Post
The Trader Joe’s store planned for Long Island City is expected to open before the end of the summer, according to a company spokesperson. The grocery store chain is poised to move into a mixed-use building currently being constructed at 22-43 Jackson Ave. Trader Joe’s will take up a 17,000 square-foot ground floor space of the 11-story, 70-unit building called the Prime Building. The building appears to be nearing completion with all the floor-to-ceiling windows now installed. Read More >
Construction Wraps Up On The Prime At 22-43 Jackson Avenue
December 20th, 2020| By: Michael Young, New York YIMBY
The final exterior touches are underway on The Prime, a 120,000-square-foot mixed-use project at 22-43 Jackson Avenue in Long Island City, Queens. Designed by SRA Architecture + Engineering and developed by Circle F, the 11-story building will yield 71 residences with interior design by Andres Escobar of Lemay + Escobar Architecture. Sales and marketing for the units is being handled by Ryan Serhant of The Serhant Team and Bravo’s Million Dollar Listing: New York. The complex is located at the confluence of 46th Avenue, Jackson Avenue, and 23rd Street. Read More >
A Couple Explore the Towers of Long Island City. Which of These Apartments Would You Choose?
December 10th, 2020| By: Joyce Cohen, New York Times
Rea and Yafes Barkat moved into a Hell’s Kitchen rental shortly before their wedding three years ago, then relocated a bit closer to Central Park. The area was congested, with no good place to walk their chihuahua, Monkey. “We had Central Park, but no dog park,” Mrs. Barkat said. “I had to keep him on a tight leash. It was cars, tourists, pedestrians. There was always construction happening.” Read More >
Interiors Revealed For 5 Court Square In Long Island City
February 25th, 2020| By: Sebastian Morris, New York YIMBY
New photos of My Architect’s condominium building at 5 Court Square in Long Island City reveal the project’s interiors, which come equipped with smart home technology. The 11-story building offers one- to three-bedroom homes priced between $780,000 and $2 million. Residences include kitchens outfitted with GD Arredamenti Italian kitchen cabinetry, oak flooring, marble-clad bathrooms, furnished fixtures and appliances, and floor-to-ceiling windows. Read More >
From Condos To Mansions, What $1 Million Gets You In Today’s Housing Market
October 17th, 2019| By: Brenda Richardson, Forbes
Although a million-dollar home conjures many images, a condo less than 1,200 square feet is not usually among them. Yet, that is precisely how far your hard-earned dollar will go in San Francisco, where a typical single-family home listing for $1 million will get you a three-bedroom, one-bath home covering 1,150 square feet, according to a new report by Zillow. Read More >
How to renovate your NYC apartment to make the most of smart home technology
October 14th, 2019| By: Evelyn Battaglia, Brick Underground
It’s safe to say that no NYC apartment renovation today would be complete without incorporating the latest in smart technology, but how can you tell the hype and hyperbole from what’s truly form and function? “This is a conversation we have with all clients, no matter the situation,” says architect Adam Meshberg, founder of The Meshberg Group. “It’s still a premium but the tech is getting better and better and also less and less expensive.” For him, shade, lighting, and thermostat control are the absolute minimum in any home renovation. Read More >
Live your best 21st-century life at this Long Island City luxury building selling ‘smart tech’ condos
September 19th, 2019| By: Emily Davenport, QNS
Sales have officially launched at a Long Island City tower that offers top-of-the-line “smart tech” homes that are available for purchase. Located at 5 Court Square, the 11-story building is offering one- to three-bedroom homes ranging in price from $825,000 to $2.758 million. According to a recent study from ADT, 84 percent of homebuyers in the United States agreed the main draw for smart home technology features is convenience. The building’s 58 condos boast pre-installed smart tech features that aim to make residents’ lives efficient and convenient. Read More >