Luma Condominium
10-39 49th Avenue, Queens, NY 11101
Overview
- Units
- 35 residential · 19 parking · 2 commercial
- Subway
- 2 min walk to Vernon Blvd-Jackson Av 721 St G, 5 min
- Principals
- Wei Chen
- Average $/sf
- $1,767Homes in Schedule A, as first offered
- Common charges
- $286–$732 a monthSponsor's first-year estimate in Schedule A, January 1, 2027 - December 31, 2027
- Offering price
- $55.9 million total $58.9 million when first offered
- Floor plans
- Page 115 of the plan
The sponsor of record is 1037 Development LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 347 pages. The sponsor has filed 1 amendment, the latest in August 2026. The nearest other condo plan on file is Ten 63 Jackson Avenue Condominium, next door.
Plan CD250398 · New · accepted May 14, 2026 · AG record ↗
Compare
| Figure | This building1 | Icon239 units · 0.7 miaccepted 2026 | Loft 21367 units · 0.3 miaccepted 2026 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.52Lowest | $0.65 | $0.68 |
| Average Offering PricePer Apartment | $1.29MIn line | $1.23M | $1.48M |
| Average PricePer Square Foot | $1,767Below peers | $1,833 | $1,809 |
| Property TaxesPer Square Foot / Month | $1.11In line | $0.82 | $1.25 |
| Average Unit SizeSquare Feet | 732 SFIn line | 671 SF | 818 SF |
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Unit mix, closings, budgets, finishes and the team, against Icon and Loft 21, cited to the offering plans. No credit card required.
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- Comps: the closest Queens plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Units & Prices
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- 1037 Development LLC
- Principals
- Wei Chen
- Counsel
- Moritt Hock & Hamroff, LLP
- Tax estimate
- SJP Tax Consultant IncPrepared the first-year real estate tax projection
- Construction lender
- Ponce Bank
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Ten 63 Jackson Avenue Condominiumnext door · 34 units · 11 parking · 2007
- Anable Condominiumnext door · 22 units · 2021
- 10-50 Jackson Avenue Condominiumnext door · 37 units · 17 parking · 2007
- Vernon Jackson Condominiumnext door · 33 units · 2009
- 10-42 Condominiumnext door · 4 units · 2019
- Corner At Eleven Condominium0.1 mi · 22 units · 2015