THE CONDO BOOK PROJECT

Georgian Condominium

109-20 Queens Boulevard, Queens, NY 11375

Overview

Units
65 residential · 10 storage
Subway
4 min walk to Forest Hills-71 Av E F M R75 Av E F, 4 min
Developers
Zarasai Group LLC, Pinnacle Holding Company, LLC
Principals
Joel Wiener, Sherry Wiener
Average $/sf
$656Homes in Schedule A, as first offered
Offering price
$35.4 million total $32.1 million when first offered

The sponsor of record is Queens Boulevard Realty Co., LLC, represented by Pryor Cashman LLP. The offering plan runs 543 pages. The sponsor has filed 10 amendments, the latest in November 2019. The nearest other condo plan on file is Sunrise Condominium, next door.

Plan CD150156 · Conversion · accepted Mar 28, 2016 · AG record ↗

Compare

FigureThis building1Infinity 8 On Bowne264 units · 2.8 miaccepted 2019Hero3109 units · 5.6 miaccepted 2019
Common ChargesPer Square Foot / Month$0.74Below peers$0.79$0.94
Average Offering PricePer Apartment$494,246In line$465,904$851,099
Average PricePer Square Foot$656Below peers$685$1,288
Average Unit SizeSquare Feet754 SFLarger680 SF661 SF

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Unit mix, closings, budgets, finishes and the team, against Infinity 8 On Bowne and Hero, 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 closed98% of the homes in Schedule A64 of 65
Closing prices vs. Schedule A52 homes: $26,328,279 at closing against $25,620,000 in Schedule A (p. 39, p. 40, p. 41)+2.8%
Average closing price52 homes, on their Schedule A square feet$673 / SF
Closingsfirst and latest recordedJun 12, 2017 – Jul 31, 2026

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 64 closings
HomeRecordedClosing priceSchedule ADifference
6HJun 12, 2017$510,400$464,000 p. 41+10%
4AJun 14, 2017$431,964$436,000 p. 40−0.9%
6CJun 15, 2017$805,000$758,000 p. 40+6.2%
1JJun 16, 2017$443,652$407,000 p. 39+9%
3HJun 16, 2017$440,076$434,000 p. 39+1.4%
5EJun 22, 2017$516,672$512,000 p. 40+0.9%
5BJun 23, 2017$512,180$503,000 p. 40+1.8%
1DJun 26, 2017$543,000$483,000 p. 39+12.4%
4HJun 26, 2017$468,400$444,000 p. 40+5.5%
2JJun 28, 2017$458,700$417,000 p. 39+10%
1FJun 29, 2017$474,500$460,000 p. 39+3.2%
4FJun 29, 2017$500,916$494,000 p. 40+1.4%
4DJun 30, 2017$585,000$518,000 p. 40+12.9%
4GJun 30, 2017$655,000$576,000 p. 40+13.7%
3CJul 7, 2017$715,470$709,000 p. 39+0.9%
2HJul 11, 2017$428,922$423,000 p. 39+1.4%
4IJul 20, 2017$462,384$415,000 p. 40+11.4%
3FJul 21, 2017$489,762$483,000 p. 39+1.4%
5HJul 21, 2017$450,216$454,000 p. 40−0.8%
1IJul 26, 2017$391,404$386,000 p. 39+1.4%
1BJul 28, 2017$458,000$458,000 p. 390%
3AAug 10, 2017$475,162$426,000 p. 39+11.5%
6AAug 17, 2017$456,000$456,000 p. 400%
3KSep 5, 2017$431,964$426,000 p. 40+1.4%
2IOct 26, 2017$401,544$396,000 p. 39+1.4%
3BDec 6, 2017$510,000$481,000 p. 39+6%
5JDec 13, 2017$475,000$447,000 p. 40+6.3%
2EDec 29, 2017$515,000$478,000 p. 39+7.7%
5IJan 31, 2018$472,930$424,000 p. 40+11.5%
5AFeb 20, 2018$490,000$446,000 p. 40+9.9%
6BJun 7, 2018$549,973$514,000 p. 40+7%
2BJun 27, 2018$510,000$469,000 p. 39+8.7%
4JJul 12, 2018$480,000$437,000 p. 40+9.8%
1GJul 19, 2018$590,338$536,000 p. 39+10.1%
4ESep 12, 2018$540,000$501,000 p. 40+7.8%
1AOct 11, 2018$408,000$407,000 p. 39+0.2%
2GDec 13, 2018$590,000$549,000 p. 39+7.5%
6DDec 17, 2018$543,000$542,000 p. 40+0.2%
4CDec 19, 2018$726,500$725,000 p. 40+0.2%
2ADec 26, 2018$428,000$417,000 p. 39+2.6%
1HMar 22, 2019$430,000$413,000 p. 39+4.1%
4KFeb 7, 2023$415,000$436,000 p. 40−4.8%
3IFeb 22, 2023$425,000$405,000 p. 40+4.9%
4BMar 9, 2023$495,000$492,000 p. 40+0.6%
5DMar 23, 2023$520,000$530,000 p. 40−1.9%
5FApr 12, 2023$515,000$505,000 p. 40+2%
5KMay 12, 2023$450,000$446,000 p. 40+0.9%
2CJun 7, 2023$637,500$693,000 p. 39−8%
6GJun 16, 2023$625,000$602,000 p. 41+3.8%
2FJun 29, 2023$475,000$471,000 p. 39+0.8%
6FMar 14, 2024$507,000$516,000 p. 41−1.7%
1CJul 31, 2026$498,750$800,000 p. 39−37.7%
1KJul 31, 2026$1,990,850one deed, 12 homes$407,000 p. 39—
2DJul 31, 2026$1,990,850one deed, 12 homes$495,000 p. 39—
2KJul 31, 2026$1,990,850one deed, 12 homes$417,000 p. 39—
3DJul 31, 2026$1,990,850one deed, 12 homes$506,000 p. 39—
3EJul 31, 2026$1,990,850one deed, 12 homes$490,000 p. 39—
3GJul 31, 2026$1,990,850one deed, 12 homes$563,000 p. 39—
5CJul 31, 2026$1,990,850one deed, 12 homes$742,000 p. 40—
5GJul 31, 2026$1,990,850one deed, 12 homes$589,000 p. 40—
6EJul 31, 2026$1,990,850one deed, 12 homes$524,000 p. 41—
6IJul 31, 2026$1,990,850one deed, 12 homes$433,000 p. 41—
6JJul 31, 2026$1,990,850one deed, 12 homes$457,000 p. 41—
6KJul 31, 2026$1,990,850one deed, 12 homes$456,000 p. 41—

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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
Queens Boulevard Realty Co., LLC
Developers
Zarasai Group LLC, Pinnacle Holding Company, LLC
Principals
Joel Wiener, Sherry Wiener
Construction lender
New York Community BankLender on the mortgage and building loan agreement recorded April 2012 in ACRIS; $9.7 million recorded

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

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