Garden Lane Condominium
116 - 17 Grosvenor Lane, Queens, NY 11418
Overview
- Units
- 19 residential
- Subway
- 14 min walk to Kew Gardens-Union Tpke E F121 St J Z, 14 min
- Principals
- Steven Li, Jay Lau
- Average $/sf
- $835Homes in Schedule A, as first offered
- Common charges
- $285–$568 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 to June 30, 2022
- Offering price
- $9.69 million total
- Floor plans
- Pages 180–183 of the plan
The sponsor of record is Grosvenor Realty Group LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 281 pages. The sponsor has filed 6 amendments, the latest in August 2025. The nearest other condo plan on file is Park Terrace 116 Condominium, next door.
Plan CD200245 · New · accepted Jun 1, 2021 · AG record ↗
Compare
| Figure | This building1 | Parsons Garden Condominium Two222 units · 1.8 miaccepted 2021 | 105-25 65 Road318 units · 1.8 miaccepted 2022 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.68Highest | $0.37 | $0.44 |
| Average Offering PricePer Apartment | $509,737Below peers | $659,242 | $579,444 |
| Average PricePer Square Foot | $835Below peers | $841 | $894 |
| Property TaxesPer Square Foot / Month | $0.62Highest | $0.03 | $0.06 |
| Average Unit SizeSquare Feet | 610 SFSmaller | 784 SF | 649 SF |
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Unit mix, closings, budgets, finishes and the team, against Parsons Garden Condominium Two and 105-25 65 Road, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed95% of the homes in Schedule A | 18 of 19 |
| Closing prices vs. Schedule A18 homes: $8,877,016 at closing against $9,190,000 in Schedule A (p. 33) | −3.4% |
| Average closing price18 homes, on their Schedule A square feet | $809 / SF |
| Closingsfirst and latest recorded | Dec 3, 2021 – Jun 1, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Jun 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 18 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 5B | Dec 3, 2021 | $370,110 | $370,000 p. 33 | +0% |
| 6B | Dec 3, 2021 | $370,110 | $380,000 p. 33 | −2.6% |
| 3B | Jan 10, 2022 | $345,000 | $350,000 p. 33 | −1.4% |
| 4C | Mar 2, 2022 | $514,216 | $515,000 p. 33 | −0.2% |
| 3C | May 9, 2022 | $491,790 | $505,000 p. 33 | −2.6% |
| 4B | Jun 7, 2022 | $331,376 | $360,000 p. 33 | −8% |
| 2B | Jun 29, 2022 | $310,284 | $335,000 p. 33 | −7.4% |
| 7B | Nov 6, 2023 | $390,390 | $385,000 p. 33 | +1.4% |
| 7A | Mar 3, 2025 | $634,740 | $655,000 p. 33 | −3.1% |
| 6A | Mar 17, 2025 | $620,000 | $635,000 p. 33 | −2.4% |
| 5C | Jun 24, 2025 | $499,000 | $525,000 p. 33 | −5% |
| 3A | Aug 29, 2025 | $590,000 | $600,000 p. 33 | −1.7% |
| 4A | Oct 10, 2025 | $590,000 | $615,000 p. 33 | −4.1% |
| 5A | Nov 17, 2025 | $600,000 | $625,000 p. 33 | −4% |
| 1C | Dec 11, 2025 | $625,000 | $660,000 p. 33 | −5.3% |
| 1A | Mar 31, 2026 | $530,000 | $545,000 p. 33 | −2.8% |
| 2A | May 1, 2026 | $565,000 | $595,000 p. 33 | −5% |
| 6C | Jun 1, 2026 | $500,000 | $535,000 p. 33 | −6.5% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Grosvenor Realty Group LLC
- Principals
- Steven Li, Jay Lau
- Counsel
- Moritt Hock & Hamroff, LLP
- Tax estimate
- Highpoint Incentives, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Popular Bank$4.83 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Park Terrace 116 Condominiumnext door · 24 units · 2009
- Park Lane Condominiumnext door · 66 units · 1 parking · 2005
- Metro Falls Condominium0.1 mi · 46 units · 40 parking · 2010
- Century Condominium0.2 mi · 30 units · 14 parking · 2003
- Kew Condominium0.2 mi · 39 units · 24 parking · 2005
- Forest Park Condominium0.2 mi · 40 units · 2001