THE CONDO BOOK PROJECT

Luma Condominium

10-39 49th Avenue, Queens, NY 11101

3D massing drawing of Luma Condominium, 10-39 49th Avenue, Queens, and neighboring buildings
3D massing, not a photo. The building is in green.
Units
35 residential · 19 parking · 2 commercial
Offering price
$55.9 million total $58.9 million when first offered
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
Construction
New
Accepted
May 14, 2026
Plan ID
CD250398

Luma Condominium at 10-39 49th Avenue, Queens, NY 11101 is a 35-unit new-construction condominium sponsored by 1037 Development LLC. Its condo offering plan, CD250398, is on file with the New York Attorney General and was accepted in May 2026. Schedule A lists the homes at $908,000–$2.91 million as first offered, with estimated monthly common charges of $286–$732. The plan includes floor plans (page 115). Its Schedule B budget projects the building's first-year operating expenses and common charges.

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Team

Sponsor
1037 Development LLC
Principals
Wei ChenNamed on p. 149 as the sponsor's principals
Tax estimate
SJP Tax Consultant IncPrepared the first-year real estate tax projection

Budget & Common Charges

Floor Plans & Documents

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