THE CONDO BOOK PROJECT

Gem Developers

Held the general construction permit on the New Building job for 6 New York City condominiums, as the Department of Buildings records it. Each building below links its DOB job. A contractor replaced partway through still counts for the building.

Buildings
6
Residential units
26
Average $/unit
$616,667
Years
2017–2019
ManhattanBrooklynQueensBronxStaten Island 59th Street Condominiums, 1367 & 1369 59th Street, 5823 New Utrecht Ave1178 42nd Street Condominium, 1178 42nd Street1176 42nd Street Condominium, 1176 42nd Street5823 New Utrecht Avenue Condominium, 5823 New Utrecht Avenue1369 59th Street Condominium, 1369 59th Street1367 59th Street Condominium, 1367 59th Street

Pro · Advanced analysis

Recent Growth

Gem Developers's buildings and units by year for the last 6 years, and whether the pace is rising or falling.

No buildings accepted since 2021. 0% of all 3 dated buildings are from the last 3 years.

Year acceptedBuildingsUnits
2026 to date0—
20250—
20240—
20230—
20220—
20210—

Latest: 59th Street Condominiums, accepted Feb 13, 2019. 3 plans without an acceptance date aren't counted.

Strongest Relationships

The firms named most often on the same buildings as Gem Developers, at least 2 in common.

Sponsor's counsel

From the same offering plans as the table below. A firm's own affiliates aren't counted.

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CondominiumAcceptedUnits$/unit
59th Street Condominiums1367 & 1369 59th Street, 5823 New Utrecht Ave · Brooklyn · new constructionNamed as Gem Developers LLC · Sponsor: Voie Ferree LLC · DOB job 321043189 ↗ · permits 202120199$575,000
1178 42nd Street Condominium1178 42nd Street · Brooklyn · new constructionNamed as Gem Developers LLC · Sponsor: Venture Capital 42, LLC · DOB job 321023913 ↗ · permits 202020174$700,000
1176 42nd Street Condominium1176 42nd Street · Brooklyn · new constructionNamed as Gem Developers LLC · Sponsor: 1176-1178 42nd Street LLC · DOB job 321023904 ↗ · permits 202020174$700,000
5823 New Utrecht Avenue Condominium5823 New Utrecht Avenue · Brooklyn · new constructionNamed as Gem Developers LLC · Sponsor: Voie Ferree LLC · DOB job 321043170 ↗ · permits 2021—3$575,000
1369 59th Street Condominium1369 59th Street · Brooklyn · new constructionNamed as Gem Developers LLC · Sponsor: Voie Ferree LLC · DOB job 321043198 ↗ · permits 2021—3$575,000
1367 59th Street Condominium1367 59th Street · Brooklyn · new constructionNamed as Gem Developers LLC · Sponsor: Voie Ferree LLC · DOB job 321043189 ↗ · permits 2021—3$575,000

$/unit is the offering price on the AG record divided by the residential units; the average is across the plans with both. Different spellings of one contractor's name are counted together.