Wenzhou Tower Condominium
104-48 37th Drive, Queens, NY 11368
Overview
- Units
- 15 residential · 8 parking
- Subway
- 6 min walk to 103 St-Corona Plaza 7111 St 7, 8 min
- Principals
- Yin Chou Hu (a.k.a Thomas Hu)
- Average $/sf
- $427Homes in Schedule A, as first offered
- Common charges
- $167–$174 a monthSponsor's first-year estimate in Schedule A, October 1, 2009 - September 30, 2010
- Offering price
- $5.01 million total $5.04 million when first offered
- Floor plans
- Pages 161–162 of the plan
The sponsor of record is Yin Chou Hu, represented by Thomas E. Berinato, Attorney At Law. The offering plan runs 262 pages. The sponsor has filed 1 amendment, the latest in May 2009. The nearest other condo plan on file is Reflex Condominium, next door.
Plan CD080457 · New · accepted Mar 31, 2009 · AG record ↗
Compare
| Figure | This building1 | Corona Twins217 units · 0.4 miaccepted 2009 | Beacon Tower316 units · 1.9 miaccepted 2009 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.22Lowest | $0.28 | $0.40 |
| Average Offering PricePer Apartment | $322,333In line | $276,471 | $453,750 |
| Average PricePer Square Foot | $427Below peers | $442 | $602 |
| Property TaxesPer Square Foot / Month | $0.02In line | $0.05 | $0.01 |
| Average Unit SizeSquare Feet | 755 SFLarger | 626 SF | 754 SF |
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Unit mix, closings, budgets, finishes and the team, against Corona Twins and Beacon Tower, cited to the offering plans. No credit card required.
Create a free accountHow We Got This
- Comps: the closest Queens plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 15 of 15 |
| Closing prices vs. Schedule A15 homes: $4,333,836 at closing against $4,835,000 in Schedule A (p. 29) | −10.4% |
| Average closing price15 homes, on their Schedule A square feet | $383 / SF |
| Closingsfirst and latest recorded | Aug 17, 2009 – Jan 5, 2010 |
Sales recorded with the Department of Finance (ACRIS) through May 31, 2025: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 15 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4C | Aug 17, 2009 | $288,990 | $320,000 p. 29 | −9.7% |
| 3D | Aug 20, 2009 | $294,060 | $320,000 p. 29 | −8.1% |
| 2B | Aug 21, 2009 | $294,060 | $320,000 p. 29 | −8.1% |
| 2D | Aug 21, 2009 | $294,060 | $320,000 p. 29 | −8.1% |
| 3A | Sep 1, 2009 | $292,032 | $320,000 p. 29 | −8.7% |
| 4D | Sep 18, 2009 | $263,640 | $320,000 p. 29 | −17.6% |
| 1B | Sep 21, 2009 | $307,242 | $335,000 p. 29 | −8.3% |
| 3C | Sep 23, 2009 | $303,186 | $320,000 p. 29 | −5.3% |
| 2C | Sep 24, 2009 | $283,920 | $320,000 p. 29 | −11.3% |
| 2A | Oct 14, 2009 | $274,794 | $320,000 p. 29 | −14.1% |
| 3B | Oct 14, 2009 | $309,270 | $320,000 p. 29 | −3.4% |
| 4B | Oct 16, 2009 | $278,850 | $320,000 p. 29 | −12.9% |
| 1C | Nov 10, 2009 | $304,200 | $335,000 p. 29 | −9.2% |
| 1A | Nov 23, 2009 | $263,640 | $325,000 p. 29 | −18.9% |
| 4A | Jan 5, 2010 | $281,892 | $320,000 p. 29 | −11.9% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- Yin Chou Hu
- Principals
- Yin Chou Hu (a.k.a Thomas Hu)
- Tax estimate
- Thomas E. BerinatoPrepared the first-year real estate tax projection
- Construction lender
- United Commercial BankLender on the mortgage and building loan agreement recorded December 2007 in ACRIS; $3 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Reflex Condominiumnext door · 9 units · 2011
- Real Luck Condominiumnext door · 8 units · 2010
- Mirror Condominiumnext door · 7 units · 2008
- Huahua Bliss Condominiumnext door · 8 units · 2010
- Gao Sheng Mansion Condominiumnext door · 8 units · 2010
- Corona Condominiumnext door · 33 units · 28 parking · 2007