A squat commercial building near Queens Plaza that has stood since 1941 is on track to become a 13-story residential tower, after developer Marios Mouzouris filed plans for a 44-unit rental building at 41-14 29th Street earlier this month. The site sits between Queens Plaza North and 41st Avenue, just steps from the Queens Plaza subway station, putting the project squarely in one of western Queens' busiest transit corridors.
The application calls for a 135-foot-tall, concrete-based building with a cellar and 29,995 square feet of residential space, according to New York YIMBY. With an average unit scope of 681 square feet, the outlet notes the residences are likely to be rentals. The building would also include a 37-foot-long rear yard, and no demolition permits have been filed yet for the existing structure, per the same report.
Mouzouris is affiliated with Marvan Properties Inc., which paid $3.475 million for the site on May 14, 2026, buying it from Scott Johnson in a deal brokered by Shaun Riney, Sean Fopeano, and David Cornejo, according to Traded. The lot includes a 2,500-square-foot single-story commercial building constructed in 1941 on a 2,526-square-foot parcel, per StreetEasy. That leaves roughly four months between the acquisition and the new building filing.
A Developer on a Building Spree Across Queens
This isn't Mouzouris's only active project in the borough. Marvan Properties filed plans for a 21,119-square-foot building at 28-23 31st Street in Astoria back in March, according to a report from PincusCo. Harriet Nikakis of HCN Design, the architect of record on the 29th Street project, has her own recent track record in the neighborhood — she designed the boutique condominium Orion Astoria in 2024, according to Mann Publications.
The Queens Plaza subway station serving the site is reached by the E, F, and R trains, the report notes, reinforcing why developers keep circling this stretch of Astoria for infill projects. No estimated completion date has been announced for the 29th Street development.
The Policy Backdrop Pushing Density Near Transit
The filing lands amid a wave of citywide and neighborhood-level policy pushing exactly this kind of project. The New York City Council unanimously approved the OneLIC Neighborhood Plan in November 2025, rezoning 54 blocks across Long Island City to support up to 14,700 new homes, including 4,350 permanently affordable units, according to 6sqft. That effort came alongside nearly $2 billion in public infrastructure commitments tied to the rezoning.
Separately, New York City adopted the City of Yes for Housing Opportunity zoning text amendment in December 2024, a citywide update that could facilitate an estimated 82,000 additional housing units over 15 years. The stakes behind that push are stark: a Department of Housing Preservation and Development analysis released in August found a citywide shortage of 700,000 homes, with 290,000 units needed immediately just to meet existing demand, according to CoStar. HPD's analysis further estimated that 240,000 more homes will be needed to keep pace with projected population growth.
A Vacancy Rate Near Zero for Affordable Units
More than 51% of city renters remain rent-burdened, the board's report found. Against that backdrop, new housing continues to be proposed across the city.
The 29th Street proposal is located near Queens Plaza. No demolition permits have been filed for the existing structure.
