Permits have been filed for a four-story residential building at 41-15 76th Street in Elmhurst, Queens. Located between Woodside Avenue and 41st Avenue, the lot is near the 74 Street–Broadway and Jackson Heights–Roosevelt Avenue subway stations, served by the 7, E, F, M, and R trains. Maung Maung is listed as the owner behind the applications.
The proposed 44-foot-tall development will yield 6,859 square feet designated for residential space. The building will have eight residences, most likely rentals based on the average unit scope of 857 square feet. The concrete-based structure will also have a cellar and a 22-foot-long rear yard.
Xiucheng Li of Bayside Engineering PC is listed as the architect of record.
Demolition permits were filed last year for the three-story residential building on the site. An estimated completion date has not been announced.
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You can squeeze in as many building as you want but it’s impact on rent will be close to zero because the more apartment and homes the more people move in especially with the unexpected immigrants coming in in records numbers. These attempts to reduce the homes and rents make rich people richer and middle and poorer income people never feel the benefit because there won’t be a benefit. Aside from that over crowded neighborhoods reduce quality of life for those living there and have a across the board increase in pricing. The theatrics of buildinh more rentals gives the impression that they are working for you when the net effect is the same or worse overall. The sad fact is that NYC and long island are on a small fixed plot of land that continues to attract more and more people and with a fixed dwindling supply and increasing demand prices will go up no matter what they tell you. The only real solution for a struggling person not getting housing benefits is to leave unfortunately. That is the only realistic answer whether you like it or not. They know this but have to make it look like they are helping so you vote for him again. Just a matter of time before public housing becomes private luxury mixed use properties.