Paragon LIC is a 23-story, 262-foot, 182-unit waterfront condominium at 45-40 Vernon Boulevard in Long Island City, Queens, developed by ZD Jasper with architecture by Archimaera and interiors by MAWD, and marketed by SERHANT, under way since October 2024 and set to finish in November 2026. Financed with $125M from iCross Capital in April 2025.
Studio to three-bedroom residences of 419 to 1,403 square feet. Riverfront. The 192,500-square-foot tower rises 80 feet behind a restored 1930s paint factory, with copper-toned projecting frames and a glass-clad crown of vertical bronze fins, and includes ground-floor retail and a public waterfront park. Residences run from studios to four bedrooms with ceilings up to 12 feet, triple-paned floor-to-ceiling windows, marble kitchen countertops and in-unit washers and dryers. Amenities include a 24-hour attended lobby, a 20th-floor Sky Lounge, a landscaped rooftop terrace with pergolas and grilling stations, a fitness center with a fifth-floor outdoor fitness and yoga terrace, a private pickleball court, a golf simulator, a karaoke room, a children's play zone and a co-working lounge with billiards.
ZD Jasper released 14 more condos at Paragon on Sept 17, studios to three-bedrooms from $765,000 to $2.455M, with construction nearly complete and first move-ins expected as early as November 2026.
oftmw.comResidence sales launched, with condos priced from $765,000 to $2.455 million.
oftmw.comZD Jasper Realty expects the first closings at the 182-unit Paragon in November 2026, with studios to four-bedrooms priced $685,000 to $3.5M and units already in contract on the former Paragon Paint factory site.
commercialobserver.comSERHANT reports a large batch of units in contract, three- and four-bedrooms moving fastest, pricing $685K to $3.5M; closings begin November 2026 with first move-ins Q4 2026.
commercialobserver.comTopped out at 23 stories above the restored Paragon Paint building podium.
qns.comZD Jasper closed a $125M construction loan from iCross Capital for 45-40 Vernon Boulevard, arranged by Arrow Real Estate Advisors.
therealdeal.comGroundbreaking ceremony held for the 45-40 Vernon Boulevard waterfront development (Paragon), per project civil/marine engineer McLaren Engineering Group, Oct 2024.
mgmclaren.com23-story mixed-use waterfront tower revealed for the former Paragon Paint Factory site, 45-40 Vernon Blvd, Long Island City.
licpost.com- Co-working
- Cold storage
- Doorman
- Fitness center
- Game room
- Golf simulator
- Outdoor kitchen
- Package room
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- Pickleball
- Playground
- Sky lounge
- Sun deck
- Yoga studio
The outlook for Paragon
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Companies and contacts
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Long Island City · Sep 22Paragon launches sales on Long Island City, the first new for-sale tower in over a decadeFrequently asked
Where is Paragon located?
Paragon is located in New York City.
When will Paragon open?
Paragon is opening soon, with completion expected in November 2026.
Who is developing Paragon?
ZD Jasper Realty is the developer behind Paragon.
Who designed Paragon?
Paragon was designed by Archimaera, with interiors by March and White Design.
Who is building Paragon?
Paragon is being built by ZD Jasper.