230-unit housing project coming to site of abandoned Astoria megaproject

Streetview of 42-08 35th Avenue © 2022 Google

A site in Astoria once slated for a 3,200-unit development will now be home to a handful of residential buildings with just over 230 apartments. As first reported by Crain’s , the Hakimian Organization and CW Realty have filed plans for a 16-story building at 35-17 42nd Street and a 13-story building at 42-08 35th Avenue, on the former site of the $2 billion Innovation QNS megaproject. The ambitious housing project was scrapped in September amid financing challenges following the expiration of the 421-a tax break and uncertainty surrounding its replacement, the 485x program.

The pair of developers purchased the properties in January for $15.8 million. The 35th Avenue building would rise 144 feet and include 99 residential units across rou