THE CONDO BOOK PROJECT

Golden Garden Condominium

109-15 72nd Road, Queens, NY 11375

Overview

Units
23 residential · 12 parking · 1 commercial
Subway
4 min walk to 75 Av E FForest Hills-71 Av E F M R, 5 min
Principals
Chuan Shu Wang, Wen Feng Wang, Wen Jin Wang
Average $/sf
$1,046Homes in Schedule A, as first offered
Common charges
$203–$1,654 a monthSponsor's first-year estimate in Schedule A, June 1, 2020 to May 31, 2021
Offering price
$26.7 million total $26.1 million when first offered

The sponsor of record is East Broadway Real Estate Holding LLC, represented by Law Office Of Thomas Berinato. The offering plan runs 293 pages. The sponsor has filed 3 amendments, the latest in February 2022. The nearest other condo plan on file is Sunrise Condominium, next door.

Plan CD190101 · New · accepted Jun 16, 2020 · AG record ↗

Compare

FigureThis building1Rego Tower 64th Road235 units · 1.1 miaccepted 2020Parsons Garden Condominium Two322 units · 1.6 miaccepted 2021
Common ChargesPer Square Foot / Month$0.33Below peers$0.47$0.37
Average Offering PricePer Apartment$1.06MHighest$739,588$659,242
Average PricePer Square Foot$1,046In line$1,080$841
Property TaxesPer Square Foot / Month$1.00Highest$0.41$0.03
Average Unit SizeSquare Feet1,016 SFLargest685 SF784 SF

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Unit mix, closings, budgets, finishes and the team, against Rego Tower 64th Road and Parsons Garden Condominium Two, 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 closed96% of the homes in Schedule A23 of 24
Closing prices vs. Schedule A23 homes: $18,961,368 at closing against $24,719,001 in Schedule A (p. 30)−23.3%
Average closing price23 homes, on their Schedule A square feet$800 / SF
Closingsfirst and latest recordedSep 20, 2021 – Apr 1, 2026

Sales recorded with the Department of Finance (ACRIS) through Jul 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 23 closings
HomeRecordedClosing priceSchedule ADifference
5CSep 20, 2021$711,757$643,970 p. 30+10.5%
4ASep 23, 2021$921,516$933,545 p. 30−1.3%
4CSep 30, 2021$648,911$637,280 p. 30+1.8%
1AOct 14, 2021$3,614,625$5,000,000 p. 30−27.7%
3COct 18, 2021$630,183$618,860 p. 30+1.8%
6CNov 10, 2021$720,921$656,800 p. 30+9.8%
2ANov 12, 2021$894,928$891,940 p. 30+0.3%
2DJan 5, 2022$1,006,935$1,051,390 p. 30−4.2%
5AFeb 17, 2022$936,790$946,670 p. 30−1%
2CApr 14, 2022$641,498$646,920 p. 30−0.8%
6AMay 4, 2022$896,060$965,350 p. 30−7.2%
3AOct 21, 2022$960,000$908,765 p. 30+5.6%
6BOct 24, 2024$866,417$943,500 p. 30−8.2%
2BFeb 12, 2025$702,593$909,195 p. 30−22.7%
7BFeb 12, 2025$544,764$999,990 p. 30−45.5%
7CFeb 12, 2025$484,692$1,293,080 p. 30−62.5%
3DMar 3, 2025$494,832$959,320 p. 30−48.4%
6DMar 3, 2025$845,148$999,880 p. 30−15.5%
3BApr 11, 2025$489,762$887,777 p. 30−44.8%
4BApr 11, 2025$494,832$912,389 p. 30−45.8%
4DApr 11, 2025$496,860$988,360 p. 30−49.7%
5BMay 21, 2025$367,588$925,430 p. 30−60.3%
5DApr 1, 2026$589,758$998,590 p. 30−40.9%

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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
East Broadway Real Estate Holding LLC
Principals
Chuan Shu Wang, Wen Feng Wang, Wen Jin Wang
Tax estimate
Thomas E. BerinatoPrepared the first-year real estate tax projection
Construction lender
Cathay Bank$10.5 million recorded

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

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