THE CONDO BOOK PROJECT

Anable Condominium

1064 Jackson Avenue, Queens, NY 11101

Overview

Units
22 residential · 1 commercial
Subway
1 min walk to Vernon Blvd-Jackson Av 7Hunters Point Av 7, 5 min
Developer
BK Developers
Average $/sf
$1,376Homes in Schedule A, as first offered
Common charges
$341–$872 a monthSponsor's first-year estimate in Schedule A, April 1, 2022 - March 31, 2023
Offering price
$28.3 million total $27.4 million when first offered

The sponsor of record is 1064 Jackson Development, LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 330 pages. The sponsor has filed 5 amendments, the latest in July 2023. The nearest other condo plan on file is Ten 63 Jackson Avenue Condominium, next door.

Plan CD210126 · New · accepted Oct 12, 2021 · AG record ↗

Compare

FigureThis building1Novo I Lic A/K/A Moderna I232 units · 1.3 miaccepted 2021Novo Lic333 units · 1.3 miaccepted 2021
Common ChargesPer Square Foot / Month$0.62Below peers$0.73$0.66
Average Offering PricePer Apartment$1.25MHighest$736,302$745,249
Average PricePer Square Foot$1,376Above peers$1,208$1,209
Property TaxesPer Square Foot / Month$1.15Highest$0.16$0.16
Average Unit SizeSquare Feet906 SFLargest610 SF616 SF

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Unit mix, closings, budgets, finishes and the team, against Novo I Lic A/K/A Moderna I and Novo Lic, cited to the offering plans. No credit card required.

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How 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.

Closings Pro

Homes closed100% of the homes in Schedule A22 of 22
Closing prices vs. Schedule A22 homes: $26,329,178 at closing against $27,420,000 in Schedule A (p. 41, p. 42)−4%
Average closing price22 homes, on their Schedule A square feet$1,322 / SF
Closingsfirst and latest recordedOct 26, 2022 – Jul 21, 2023

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2026: 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 22 closings
HomeRecordedClosing priceSchedule ADifference
4DOct 26, 2022$1,310,000$1,310,000 p. 410%
3COct 27, 2022$738,231$765,000 p. 41−3.5%
2BOct 31, 2022$710,000$775,000 p. 41−8.4%
6DOct 31, 2022$1,333,908$1,370,000 p. 42−2.6%
5CNov 1, 2022$784,053$805,000 p. 42−2.6%
5DNov 1, 2022$1,350,000$1,340,000 p. 42+0.7%
PH2Nov 9, 2022$2,011,044$1,995,000 p. 42+0.8%
5ANov 18, 2022$1,827,759$1,800,000 p. 41+1.5%
3BNov 22, 2022$750,000$795,000 p. 41−5.7%
6BDec 2, 2022$809,509$855,000 p. 42−5.3%
5BDec 5, 2022$796,780$835,000 p. 41−4.6%
6CDec 6, 2022$758,700$825,000 p. 42−8%
4ADec 21, 2022$1,731,025$1,750,000 p. 41−1.1%
2CJan 11, 2023$700,556$745,000 p. 41−6%
4CJan 30, 2023$738,000$785,000 p. 41−6%
PH1Feb 6, 2023$1,975,000$2,100,000 p. 42−6%
4BFeb 13, 2023$770,000$815,000 p. 41−5.5%
6AMar 10, 2023$1,698,000$1,850,000 p. 42−8.2%
3AMar 31, 2023$1,598,000$1,700,000 p. 41−6%
3DJun 8, 2023$1,219,864$1,280,000 p. 41−4.7%
2AJun 12, 2023$1,576,251$1,675,000 p. 41−5.9%
2DJul 21, 2023$1,142,500$1,250,000 p. 41−8.6%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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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
1064 Jackson Development, LLC
Developer
BK DevelopersReported by web.archive.org
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Valley National Bank$15.8 million loan stated in the plan

From our research: Do NYC Developers Rehire the Same Firms?

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