THE CONDO BOOK PROJECT

132-51 41st Road Condominium

132-51 41st Road, Queens, NY 11355

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Overview

Units
14 residential
Subway
6 min walk to Flushing-Main St 7
Principals
Hanjun Bai, Kuoching Hsu
Average $/sf
$1,200Homes in Schedule A, as first offered
Offering price
$16.5 million total $16.5 million when first offered

The sponsor of record is Wts41 LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 325 pages. The sponsor has filed 1 amendment, the latest in September 2026. The nearest other condo plan on file is New Age Condominium, next door.

Plan CD250312 · New · accepted May 1, 2026 · AG record ↗

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FigureThis building1132-25 41st28 units · 0.1 miaccepted 2025Murray Hill321 units · 1.1 miaccepted 2023
Common ChargesPer Square Foot / Month$0.86 ⚠Highest$0.44$0.49
Average Offering PricePer Apartment$732,171In line$765,889$683,952
Average PricePer Square Foot$1,200Above peers$969$1,191
Average Unit SizeSquare Feet610 SFIn line791 SF574 SF

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Unit mix, closings, budgets, finishes and the team, against 132-25 41st and Murray Hill, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.

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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.

⚠ Read from a partly legible Schedule B.

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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
Wts41 LLC
Principals
Hanjun Bai, Kuoching Hsu
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
S3 Capital$4.5 million recorded

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

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