Several significant residential construction permit applications were filed across New York City during the week ending July 3, 2026, according to The Real Deal. The largest new building submission came from EMP Capital Group, which filed plans for two towers in Long Island City, Queens — one at 35-13 Steinway Street standing 19 stories with 99 apartments, and a second at 35-08 41st Street rising 26 stories with 77 units. Together the two structures would encompass a combined 183,876 square feet, with Ralph Kowalcyzk serving as architect of record.
In Fort Greene, Brooklyn, Quinlan Development Group separately filed plans for a 147-unit apartment building at 130 Saint Felix Street, representing one of the week’s other notable new building applications.
ParkPoint Perspective
Permit volume of this scale in supply-constrained submarkets like Long Island City and Fort Greene warrants close attention. Multi-tower filings signal developer confidence in near-term absorption, but permitting activity is a leading indicator — not a delivery guarantee. Investors should track the gap between filing and construction start, as elevated labor and materials costs continue to pressure feasibility. This suggests that while demand fundamentals remain intact, execution risk between permit and certificate of occupancy is a meaningful variable in underwriting any comparable pipeline asset.
Source: The Real Deal