New Construction Homes for Sale in 11377

How many new construction homes are for sale in 11377?

There are 10 new construction and sponsor homes for sale in 11377, Queens right now, spread across 3 developments. Asking prices start at $285,000 and run to $2.5M. The grid above is the live list, so the figure moves as units sell and new ones release.

Why is so much of Queens new construction in Long Island City?

Because that is where the borough's condo development went. Long Island City in 11101 carries the deepest new-development supply in Queens by a wide margin, with Astoria in 11102 and Ditmars in 11105 behind it, then Forest Hills in 11375, Woodside in 11377 and Flushing in 11354. Head east of Flushing and new construction turns into ones and twos. Most of the LIC stock was delivered into the same few years, which has a consequence worth knowing before you bid: a seller there is competing with the unit two floors up rather than with scarcity. Ask what else is unsold in the same building and on the same line, and ask the sponsor as well as the resale seller.

Why does this page show fewer new homes than Zillow or Redfin?

Because it is showing a different feed, and Queens is where that matters most. This page lists active sales listings in the RLS, the REBNY feed, carrying a new-development or sponsor flag, inside the ZIP itself. A large share of Queens business runs through OneKey MLS, which this site does not carry, so the count here is a real and current subset rather than the whole borough. In practice the RLS covers the western Queens condo band well, meaning Long Island City, Astoria and Woodside, and covers eastern Queens thinly. If you are searching east of Flushing, search here and on a OneKey-fed site both. We would rather tell you that than quietly show you a smaller market than exists.

What is the difference between a new development and a sponsor unit?

The grid above labels some listings New Development and others Sponsor Residence, and they are not the same thing. A new development is a building being sold for the first time under an offering plan, usually just before or just after completion. A sponsor unit is an apartment in an existing building still held by the original converter or developer and never previously sold. Both are bought from a sponsor rather than from an individual owner, which is why they share a page: an offering plan instead of a seller's disclosure, no board approval in a condo, and closing costs that work differently from a resale. In Queens the sponsor-unit label also turns up on co-op stock, and there it is worth real money: a sponsor unit in a co-op usually escapes the board approval and the financing minimum that would otherwise apply.

Do I pay the sponsor's closing costs on a new development in 11377?

Usually yes, and in Long Island City in particular, because so much of the inventory there is sponsor stock rather than resale. On a sponsor sale the buyer customarily pays the sponsor's New York State and New York City transfer taxes and the sponsor's attorney fee, which together add roughly 2% of the price on top of the closing costs a resale buyer would pay. Those terms sit in the offering plan and they are negotiable, and where a sponsor is carrying a floor of unsold units they are the part of the deal most likely to move. The strip above prices it against the median here, and the calculator linked below prices a specific purchase.

Does the new pied-à-terre surcharge reach a Queens new development?

Often not, and that is one of the quieter advantages of buying here. Since 1 July 2026 the city charges an annual surcharge on non-primary homes, starting at a Department of Finance value of $1M for an apartment in a larger building. A good deal of Queens condo stock sits below that line, so a second home in this borough is one of the few in the city the charge does not reach. New construction does carry higher Department of Finance valuations than the older stock around it, so check rather than assume: the value is public and it is not the price you pay. Where the charge does apply it runs from 4% to 6.5% of that value, and it does not apply at all where the unit is the primary residence of the owner, an immediate family member, a majority owner of the entity that holds it, the sole beneficiary of a trust, or a tenant on an arm's-length lease of at least a year. This is general information rather than tax advice; take your accountant's view on a specific purchase.

Why are new condos not selling right now?

Where that is true in Queens it is usually about supply in one building rather than about the market. New development arrives in blocks: a tower releases dozens of units at once, all priced off the same sheet, and the sponsor competes with itself until the building sells through. That is concentrated in Long Island City, where most of the borough's condo inventory sits. Elsewhere the picture is different, and Astoria, Woodside and Forest Hills carry thin inventory where a good apartment does not sit. For a buyer the concentration is an opportunity rather than a warning.

What are the red flags when buying new construction?

Four, in the order they cost you money. The offering plan is the contract, not the brochure, so read the amendments alongside the plan itself and check what the sponsor has reserved the right to change. The projected budget inside that plan is the sponsor's own estimate of common charges and taxes, and first-year budgets are routinely optimistic, particularly where a tax abatement is holding the tax line down. The completion date in a plan under construction is an estimate with permitted extensions, so ask what happens to your deposit if it slips. And ask how many units in the building are still unsold, because in a market as concentrated as this one a sponsor carrying inventory on your line is both your leverage today and your competition when you sell.