THE CONDO BOOK PROJECT

Parkview Condominium

131-11 Fowler Avenue, Queens, NY 11355

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Overview

Units
80 residential · 42 parking · 4 commercial
Subway
15 min walk to Mets-Willets Point 7Flushing-Main St 7, 16 min
Developer
W&L Group Construction
Principals
Philip W. Chong, Meng Hua Wang
Average $/sf
$1,004Homes in Schedule A, as first offered
Common charges
$339–$714 a monthSponsor's first-year estimate in Schedule A, September 1, 2020 to August 31, 2021
Offering price
$84.1 million total

The sponsor of record is 131-05 Holding LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 406 pages. The sponsor has filed 4 amendments, the latest in November 2022. The nearest other condo plan on file is Parkview Mansion Condominium, next door.

Plan CD190247 · New · accepted Jul 16, 2020 · AG record ↗

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FigureThis building1Flushing Garden2131 units · 1 miaccepted 2021Grand 147th354 units · 1.1 miaccepted 2021
Common ChargesPer Square Foot / Month$0.57In line$0.58$0.54
Average Offering PricePer Apartment$795,796Above peers$656,794$759,167
Average PricePer Square Foot$1,004Below peers$1,056$1,235
Property TaxesPer Square Foot / Month$0.97Highest$0.68$0.66
Average Unit SizeSquare Feet793 SFLargest622 SF615 SF

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Unit mix, closings, budgets, finishes and the team, against Flushing Garden and Grand 147th, 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 closed99% of the homes in Schedule A79 of 80
Closing prices vs. Schedule A79 homes: $52,912,328 at closing against $62,217,285 in Schedule A (p. 49, p. 50, p. 51)−15%
Average closing price79 homes, on their Schedule A square feet$850 / SF
Closingsfirst and latest recordedApr 29, 2021 – Dec 1, 2025

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 79 closings
HomeRecordedClosing priceSchedule ADifference
4HApr 29, 2021$631,315$746,790 p. 50−15.5%
2JMay 12, 2021$479,740$548,100 p. 49−12.5%
3CJun 2, 2021$590,808$716,320 p. 49−17.5%
3LJun 4, 2021$586,512$681,120 p. 49−13.9%
3HJun 9, 2021$642,745$722,700 p. 49−11.1%
6KJun 15, 2021$651,234$789,580 p. 50−17.5%
3DJun 25, 2021$523,177$595,800 p. 49−12.2%
2HJul 14, 2021$597,845$681,210 p. 49−12.2%
3JJul 19, 2021$521,344$585,000 p. 49−10.9%
4LJul 22, 2021$598,731$704,340 p. 50−15%
4FJul 26, 2021$666,954$746,790 p. 49−10.7%
4BJul 30, 2021$608,914$704,340 p. 49−13.5%
4CAug 4, 2021$633,906$740,740 p. 49−14.4%
5LAug 5, 2021$633,204$727,560 p. 50−13%
5DAug 9, 2021$549,855$635,520 p. 50−13.5%
3BAug 13, 2021$575,311$681,120 p. 49−15.5%
2EAug 16, 2021$630,297$714,270 p. 49−11.8%
5EAug 23, 2021$639,451$819,840 p. 50−22%
3KAug 24, 2021$606,116$707,520 p. 49−14.3%
5IAug 27, 2021$737,137$819,840 p. 50−10.1%
7DAug 30, 2021$896,060$1,162,800 p. 50−22.9%
3AAug 31, 2021$631,315$738,760 p. 49−14.5%
5HSep 1, 2021$691,392$770,880 p. 50−10.3%
2MSep 14, 2021$641,498$744,175 p. 49−13.8%
6ESep 15, 2021$763,688$845,460 p. 50−9.7%
7FSep 15, 2021$997,885$1,162,800 p. 51−14.2%
2FSep 16, 2021$600,498$681,210 p. 49−11.8%
6BSep 23, 2021$656,875$750,780 p. 50−12.5%
3ISep 28, 2021$684,962$768,600 p. 49−10.9%
3MSep 28, 2021$641,051$738,760 p. 49−13.2%
5BOct 5, 2021$636,406$727,560 p. 50−12.5%
5COct 5, 2021$607,895$765,160 p. 50−20.6%
4IOct 14, 2021$708,702$794,220 p. 50−10.8%
2AOct 18, 2021$647,607$745,450 p. 49−13.1%
2DOct 19, 2021$517,271$558,540 p. 49−7.4%
6MOct 19, 2021$695,465$814,315 p. 50−14.6%
2IOct 22, 2021$626,224$714,270 p. 49−12.3%
6JOct 27, 2021$585,494$655,380 p. 50−10.7%
6LNov 3, 2021$656,771$750,780 p. 50−12.5%
2GNov 9, 2021$651,680$722,100 p. 49−9.8%
3GNov 15, 2021$672,245$776,700 p. 49−13.4%
4KNov 16, 2021$626,224$731,640 p. 50−14.4%
5ANov 16, 2021$679,173$789,130 p. 50−13.9%
4GNov 17, 2021$738,231$802,590 p. 50−8%
6DNov 23, 2021$609,932$655,380 p. 50−6.9%
4EDec 7, 2021$733,140$794,220 p. 49−7.7%
3EDec 29, 2021$653,310$768,600 p. 49−15%
7AJan 4, 2022$705,000$839,500 p. 50−16%
4DJan 5, 2022$573,275$615,660 p. 49−6.9%
5KJan 18, 2022$677,136$755,760 p. 50−10.4%
7BJan 20, 2022$682,228$774,000 p. 50−11.9%
2BJan 24, 2022$719,903$784,125 p. 49−8.2%
4JJan 25, 2022$534,581$604,500 p. 50−11.6%
6HJan 25, 2022$712,775$794,970 p. 50−10.3%
6FJan 26, 2022$743,323$794,970 p. 50−6.5%
5MJan 27, 2022$689,355$789,130 p. 50−12.6%
7HFeb 4, 2022$715,830$774,000 p. 51−7.5%
5JFeb 16, 2022$600,768$624,000 p. 50−3.7%
8EMar 8, 2022$722,958$854,385 p. 51−15.4%
6IMar 10, 2022$706,300$845,460 p. 50−16.5%
2LMar 25, 2022$560,038$647,700 p. 49−13.5%
6CApr 21, 2022$724,994$789,580 p. 50−8.2%
2KMay 11, 2022$722,958$816,000 p. 49−11.4%
6GMay 12, 2022$738,231$854,370 p. 50−13.6%
5FJul 5, 2022$667,206$770,880 p. 50−13.4%
5GJul 12, 2022$722,958$828,480 p. 50−12.7%
8DAug 19, 2022$870,604$1,220,100 p. 51−28.6%
4AAug 23, 2022$666,954$763,945 p. 49−12.7%
4MAug 30, 2022$656,771$763,945 p. 50−14%
3FOct 28, 2022$533,512$722,700 p. 49−26.2%
2CDec 19, 2022$702,593$826,625 p. 49−15%
7CMar 20, 2023$814,600$1,395,870 p. 50−41.6%
7IApr 18, 2023$687,319$839,500 p. 51−18.1%
8FMay 30, 2023$656,771$921,850 p. 51−28.8%
6AOct 12, 2023$702,593$814,315 p. 50−13.7%
8BOct 20, 2023$707,684$854,385 p. 51−17.2%
8AOct 9, 2024$743,323$921,850 p. 51−19.4%
8CAug 13, 2025$904,206$1,220,100 p. 51−25.9%
7GDec 1, 2025$990,000$1,395,870 p. 51−29.1%

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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
131-05 Holding LLC
Developer
W&L Group ConstructionReported by web.archive.org
Principals
Philip W. Chong, Meng Hua Wang
Tax estimate
Moseson & Associates Corp.Prepared the first-year real estate tax projection
Construction lender
Shanghai Commercial Bank$27.8 million recorded

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