A proposal to convert a 150-year-old paint factory in College Point into waterfront condos is up for consideration again.

CPP Development and Chilton Paint Co., which owns the now-defunct property, recently filed for an extension for permits to convert the site to a six-story, 134-unit complex. The proposed condo at 109-09 15th Ave. would also have a parking garage with 139 spaces.

This is the second time the Chilton Paint Co. and CPP Development have asked for an extension for the project. The plans were originally approved in 2003, but the permit expired, the New York Daily News reported.

Susan Brustmann, executive director of the Poppenhusen Institute, a cultural center nearby, said the project could bolster the area as long as there was enough parking.

“It’s been an abandoned building that’s an eyesore,” she told the Daily News. “Something’s going to come in there. Let’s just hope that it’s something that will benefit the community.”

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