A newly released rendering shows what's coming to 42-73 Hunter Street in Long Island City: a 12-story residential building with dark gray metal paneling, floor-to-ceiling ribbon windows, and a stack of angled balconies wrapping the southern end of its main elevation. The site sits between 42nd Road and 43rd Avenue, just steps from the E, F, and R trains at Queens Plaza and the 7, N, and W trains at Queensboro Plaza.
The design comes from Angelo Ng + Anthony Ng Architects Studio, as reported by New York YIMBY, which broke the news of the rendering. The building will rise 120 feet and span 25,000 square feet, delivering 37 residential units along with a seven-vehicle parking garage. The plans call for rectangular massing overall, with stepped setbacks on the final two stories and a double-height entrance positioned near the center of the building. A windowless northern lot line wall rounds out the exterior treatment described in the rendering.
The firm behind the design has a track record of mid-rise infill projects across the borough, including a 52-unit building at 31-16 21st Street and a 50-unit project at 28-08 38th Avenue, according to background material from Angelo Ng & Anthony Ng Architects Studio. That experience with dense, transit-adjacent housing appears to be shaping the Hunter Street proposal as well.
A Site Years in the Making
Kean Chen, PC acquired the 4,950-square-foot parcel, spanning 42-71 and 42-73 Hunter Street, from seller Howard Cohen for $10.2 million in January 2026 — roughly $2,060 per square foot of land, according to Traded. Cole Kinney Leonhardt of Brax Realty represented both the buyer and seller in that transaction. A $5.899 million bridge loan dated January 16, 2026, lists Yanni Kouzilos and Douglas Romero as borrowers and Ke Ju Construction as landlord, per Traded's reporting.
Before demolition, the property held a row of low-rise commercial structures, including a dry cleaner and a home security office, according to Urbanize NYC. Demolition on the site has since been completed, and Ke Ju Construction Corp. is hoping to build the project while the architect works through plan examination with the city's Department of Buildings, Urbanize NYC reported in August. No construction timeline has been announced.
Hunter Street's Land Rush
The Hunter Street corridor has drawn a wave of similar land deals in recent months. Just down the block, developer Hang Dong Zhang acquired a separate 4,950-square-foot site at 42-81 Hunter Street for $9.75 million, or about $1,969 per square foot, in February 2026, Traded reported — pricing that closely tracks the per-square-foot cost of the 42-73 Hunter Street parcel.
That kind of activity follows New York City Council's approval of the OneLIC Neighborhood Plan in November 2025, which rezoned 54 blocks across Long Island City to enable roughly 14,700 new housing units, according to Cozen O'Connor. The approved framework also mandates major community investments, including $310 million for new local schools and $200 million for capital repairs at the nearby Queensbridge Houses, per New York YIMBY.
Fastest-Growing Corner of Queens
Long Island City has been the epicenter of this kind of growth for over a decade. The neighborhood produced 20,000 new housing units between 2010 and 2020 — nearly 10 percent of all new housing added citywide in that decade — while its population grew by 78 percent, according to City Limits.
That growth is unfolding against a backdrop of severe citywide housing scarcity. New York City's rental vacancy rate stood at just 1.41 percent in 2023, with low-rent inventory dropping to 0.39 percent, per the New York Housing Conference. Projects like 42-73 Hunter Street add to a growing list of Long Island City developments Hoodline has tracked this year, including a 354-unit tower near the Queensboro Bridge. Whether the 37 units at Hunter Street will be marketed as rentals or condominiums has not yet been disclosed, and no groundbreaking date has been set.
