Listings have gone live at Luma, a new construction condominium located at 10-39 49th Avenue in Long Island City. The first availabilities start at $948K for one-bedrooms, $1.388 million for two-bedrooms, and over $2.72 million for a three-bedroom penthouse with two private balconies and a roof terrace.
An entity dubbed 1037 Development LLC is at the helm of the project, and Queens-based architect Angelo Ng & Anthony Ng, Architects Studio, PC is listed in permits as the designer. The low-rise height and metal accents nod to Long Island City's industrial heritage, but the glassy facade gives it a decidedly modern look.
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Thirty of the 35 units have private outdoor space in some capacity, and all interiors feature floor-to-ceiling triple-pane windows, 9'6" ceilings, white oak flooring, central air conditioning with slotted diffusers, Google Home-controlled lighting, and in-unit laundry. Kitchens come outfitted with outfitted with custom Amberleaf cabinetry, marble countertops and backsplashes, under-cabinet lighting, and premium Bosch appliances. Bedrooms have large closets, and primary bathrooms feature marble countertops, radiant heated floors, and Toto smart toilets. Moreover, select one-bedroom apartments have dens that can be used as home offices.
Luma, #2D (Nest Seekers LLC)
Amenities at Luma include virtual doorman service, dedicated bike storage, a fitness center, a residents' lounge, and a rooftop terrace. There are 19 parking spaces available for purchase, though the building is conveniently located near the Vernon Boulevard-Jackson Avenue 7 train (the first stop outside of Manhattan) and the 21st Street G train. It is also located in close proximity to acclaimed local restaurants and Long Island City's first Trader Joe's supermarket.
Luma is the latest entrant in Long Island City's condo market. Sales have recently launched at several condos in recent weeks, including Loft 21, Skyline 8, The Icon, and Paragon. The rental market is also hot, with The Orchard, Queens' tallest building, hitting over 90% leased after nine months of marketing. As of September 2026, a rental report from MNS found that average rents in Long Island City are $3,724/month for studios, $4,508/month for one-bedrooms, and $6,536/month for two-bedrooms - holding somewhat steady year-over-year, but still the most expensive in the borough.
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