THE CONDO BOOK PROJECT

Gemstar Development

Held the general construction permit on the New Building job for 5 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
5
Residential units
30
Average $/unit
$682,750
Years
2008–2010
ManhattanBrooklynQueensBronxStaten Island 960 50th Street Condominium, 960 50th Street1573 46th Street Condominium, 1573 46th Street1571 46th Street Condominium, 1571 46th Street60th Street Holdings Condominium, 1855-1857-1861 60th Street5506 15th Avenue Condominium, 5506 15th Avenue

Pro · Advanced analysis

Recent Growth

Gemstar Development'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 4 dated buildings are from the last 3 years.

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

Latest: 960 50th Street Condominium, accepted Aug 12, 2010. 1 plan without an acceptance date isn't counted.

Strongest Relationships

The firms named most often on the same buildings as Gemstar Development, 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
960 50th Street Condominium960 50th Street · Brooklyn · new constructionNamed as Gemstar Development Corp · Sponsor: Project 960 LLC · DOB job 310049685 ↗ · permits 2009–201020108$523,750
1573 46th Street Condominium1573 46th Street · Brooklyn · new constructionNamed as Gemstar Development Corp · Sponsor: 1571 Mk, LLC · DOB job 310053107 ↗ · permits 200920094$600,000
1571 46th Street Condominium1571 46th Street · Brooklyn · new constructionNamed as Gemstar Development Corp. · Sponsor: 1571 Mk, LLC · DOB job 302351292 ↗ · permits 2007–200820094$600,000
60th Street Holdings Condominium1855-1857-1861 60th Street · Brooklyn · new constructionNamed as Gemstar Development Corp · Sponsor: 60th Street Holdings, LLC · DOB job 302214459 ↗ · permits 2006–200720089$630,000
5506 15th Avenue Condominium5506 15th Avenue · Brooklyn · new constructionNamed as Gemstar Development Corp · Sponsor: 5506 15th Avenue Realty, LLC · DOB job 310201732 ↗ · permits 2010–2011—5$1.06 million

$/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.