2026 Developing Queens: Midori
Queens, NY In late October 2025, Prosper Property Group acquired the partially completed development at 36-45 31st St. in Long Island City. At the time, the project was approximately 60% complete and facing a compressed timeline to meet the requirements of 421a tax abatement program.
Working alongside First Standard Construction, the team quickly mobilized to stabilize and advance the site. At peak activity, more than 100 workers were onsite daily, executing an accelerated construction schedule to bring the project across the finish line.
The 54,000 s/f building will deliver 40 residential units, including 12 designated as affordable housing, contributing to the continued growth of the Long Island City neighborhood.
Despite the inherent challenges of taking over mid-development, the project has progressed efficiently with first tenants expected to be welcomed beginning June 1, 2026 - successfully qualifying for the 421a program.
Project Info
Project Title: Midori
Project Location: 36-45 31st St. – Queens, NY
Project Type: Multifamily (421a)
Property Type: Ground-up construction
Number SF: 54,625
Year Started: 2019 by previous developer (Q4 2025 by Prosper)
Completion Date: May 2026
Project Team
Architect: Studios Go
Developer: Prosper Property Group (took over Q4 2025)
Electrical Contractor: FSM Electrical Corporation
Financing: Kriss Capital
General Contractor: First Standard Construction
Legal Counsel: Daniel Lavian – Lavian LLP
Mechanical Contractor: Emerald Mechanical Solutions
Plumbing: Emerald Mechanical Solutions
Structural: Mid State Construction Corp.
Insurance: PZ Insurance
Carpentry: Level Five Finishes Inc.,