Arverne buyer pays $999,990 for a lot, files 25 units in 51 days
Two 2-family demolition filings came first, then the new-building job. The land basis works out to about $40,000 per proposed unit.
An owner entity paid $999,990 for 72-50 Burchell Avenue in Queens and put a 4-story, 25-unit new building on file with the city 51 days later, after first filing to demolish the two-family houses on the lot. For builders and land buyers, it is a clean example of how fast a small-lot assemblage can move from deed to plans.
Why it matters
The speed is the story. The deed is dated Aug. 5, 2026. Demolition filings followed on Sept. 7 and Sept. 8, and the new-building filing landed Sept. 25. That is 33 days from deed to first filing and 51 to the full job.
The buyer of record is 72-50 Burchell Ave New LLC, with Cannon Equities 72-50 LLC also named on the deed as a second grantee. The seller is Howard F. Davis. The DOB filings list AY Consulting Corp as owner, so the ownership chain is worth watching if you track small-lot residential in Arverne. See the broader desk in New York and a larger Brooklyn move in Moshe Braver’s Coney Island assemblage.
The numbers
- Deed: $999,990, dated 2026-08-05, recorded 2026-08-19, block 16064, lot 56.
- Land basis: $999,990 over 25 proposed units is about $40,000 per unit, a land figure, not a project cost.
- New building: Q01465405-I1, 4 stories, 25 dwelling units, filed 2026-09-25 by Envision Engineering Services, PLLC.
- Demolition: Q01453842-I1 (filed Sept. 7) and Q01454295-I1 (rear building, filed Sept. 8), each for a two-family house, each showing a $10,000 initial cost and status Objections.
- The new-building filing shows an initial cost of $0 in DOB NOW, a placeholder, so no construction budget is known.
What’s next
The new-building job sits in Plan Examiner Review as of Sept. 28. A filing is not an approval, and the demolition jobs still carry objections, so a permit is not yet in hand. Watch for a plan approval, a permit issuance, and any construction loan or mortgage recorded against the lot, which would show the real project cost and lender. The filing shows 25 units on a lot the buyer paid under $1M for, which is the land-per-unit benchmark other Queens site buyers will compare against.
On the record
What we checked ourselves, and where you can check it too.
- Public recordThe deed is dated 2026-08-05 and the new-building filing Q01465405-I1 is dated 2026-09-25, 51 days apart; the first demolition filing came 33 days after the deedView the record on a836-acris.nyc.gov
- Our data$999,990 across 25 proposed units is about $40,000 of land per unitView the record on a836-acris.nyc.gov
Sources
- NYC Department of Finance (ACRIS)Deed, Howard F. Davis to 72-50 Burchell Ave New LLC, $999,990
- NYC Department of Buildings (DOB NOW)New Building filing Q01465405-I1, 4 stories, 25 dwelling units, filed 2026-09-25
- NYC Department of Buildings (DOB NOW)Full Demolition filing Q01453842-I1, 2-family building, filed 2026-09-07