THE CONDO BOOK PROJECT

Metro Falls Condominium

116-11 Curzon Road, Queens, NY 11418

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Overview

Units
46 residential · 40 parking
Subway
12 min walk to 121 St J Z111 St J, 15 min
Principals
Alexander Berkovitch, Boris Yadgarov
Offering price
$29.6 million total

The sponsor of record is Curzon Road LLC, represented by Hirschen Singer & Epstein LLP. The offering plan runs 352 pages. The sponsor has filed 11 amendments, the latest in March 2016. The nearest other condo plan on file is Century Condominium, next door.

Plan CD090343 · New · accepted Apr 9, 2010 · AG record ↗

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FigureThis building1Sage House233 units · 3.8 miaccepted 2009Pople Manor337 units · 3.3 miaccepted 2010
Average Offering PricePer Apartment$643,011Highest$520,091$403,265

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Unit mix, closings, budgets, finishes and the team, against Sage House and Pople Manor, 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.

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
Curzon Road LLC
Principals
Alexander Berkovitch, Boris Yadgarov
Tax estimate
Mazursky Group, Inc.Prepared the first-year real estate tax projection

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

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