THE CONDO BOOK PROJECT

Allura Waterfront Condominium

109-09 15th Avenue, Queens, NY 11356

Overview

Units
134 residential · 1 parking · 1 commercial
Subway
55 min walk to Flushing-Main St 7Mets-Willets Point 7, 65 min
Principals
Choy Ling ("Rita") Lam
Offering price
$146.2 million total

The sponsor of record is Waterfront Resort Holdings LLC, represented by Marans, Weisz & Newman, LLC. The offering plan runs 412 pages. The sponsor has filed 4 amendments, the latest in May 2022. The nearest other condo plan on file is Waterview Marina Condominium, next door.

Plan CD180376 · New · accepted May 20, 2019 · AG record ↗

Compare

FigureThis building1Tangram House West2132 units · 2.1 miaccepted 2021Tangram House South3192 units · 2.1 miaccepted 2017
Average Offering PricePer Apartment$1.09MBelow peers$1.12M$1.11M

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Unit mix, closings, budgets, finishes and the team, against Tangram House West and Tangram House South, 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 closed23% of the homes in the plan31 of 134
Closingsfirst and latest recordedJun 11, 2021 – Mar 23, 2026

Sales recorded with the Department of Finance (ACRIS) through May 31, 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 31 closings
HomeRecordedClosing priceSchedule ADifference
N401Jun 11, 2021$529,490——
E309Jun 28, 2021$525,417——
N505Jul 20, 2021$896,060——
N308Aug 6, 2021$997,885——
N208Sep 15, 2021$997,885——
N101Oct 22, 2021$539,673——
N408Nov 23, 2021$997,885——
PHS04Jan 10, 2022$833,008——
E201Jan 14, 2022$814,600——
N509Mar 1, 2022$697,808——
E306Apr 15, 2022$529,490——
E204May 10, 2022$496,860——
PHS02May 13, 2022$865,513——
E307Jun 13, 2022$456,300——
E305Jun 17, 2022$405,600——
E304Jun 21, 2022$580,403——
PHS07Jul 20, 2022$692,410——
N510Jul 28, 2022$751,469——
N403Aug 16, 2022$556,259——
PHN11Sep 1, 2022$960,000——
N406May 13, 2024$535,007——
N404Oct 21, 2024$604,192——
N204Dec 21, 2024$611,512——
E202Oct 30, 2025$490,359——
PHS11Nov 20, 2025$688,975——
N105Nov 24, 2025$470,110——
E203Dec 8, 2025$344,915——
E303Mar 12, 2026$383,498——
N409Mar 12, 2026$493,464——
PHN10Mar 17, 2026$599,896——
N503Mar 23, 2026$395,523——

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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
Waterfront Resort Holdings LLC
Principals
Choy Ling ("Rita") Lam
Tax estimate
Thomas E. BerinatoPrepared the first-year real estate tax projection

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

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