THE CONDO BOOK PROJECT

Luxe Living Condominium

134-11 Franklin Avenue, Queens, NY 11355

Overview

Units
39 residential · 15 parking · 5 commercial
Subway
10 min walk to Flushing-Main St 7
Principals
Cun Long Chen
Average $/sf
$1,291Homes in Schedule A, as first offered
Common charges
$262–$457 a monthSponsor's first-year estimate in Schedule A, January 1, 2026 - December 31, 2026
Offering price
$35.7 million total

The sponsor of record is Flushing Faddism LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 377 pages. The sponsor has filed 3 amendments, the latest in July 2026. The nearest other condo plan on file is Trio Fortune Condominium, next door.

Plan CD240349 · New · accepted Nov 19, 2025 · AG record ↗

Compare

FigureThis building1150-02 Northern Boulevard239 units · 1.1 miaccepted 2025Northern 146344 units · 0.9 miaccepted 2025
Common ChargesPer Square Foot / Month$0.58In line$0.47$0.62
Average Offering PricePer Apartment$676,667Below peers$709,827$875,823
Average PricePer Square Foot$1,291In line$1,209$1,349
Property TaxesPer Square Foot / Month$1.00In line$1.15$0.66
Average Unit SizeSquare Feet524 SFSmaller587 SF649 SF

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Unit mix, closings, budgets, finishes and the team, against 150-02 Northern Boulevard and Northern 146, 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 closed59% of the homes in Schedule A23 of 39
Closing prices vs. Schedule A23 homes: $13,711,760 at closing against $15,030,000 in Schedule A (p. 55, p. 56)−8.8%
Average closing price23 homes, on their Schedule A square feet$1,176 / SF
Closingsfirst and latest recordedJun 12, 2026 – Sep 18, 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 23 closings
HomeRecordedClosing priceSchedule ADifference
4EJun 12, 2026$580,403$595,000 p. 55−2.5%
6CJun 22, 2026$666,954$640,000 p. 55+4.2%
3CJun 26, 2026$486,720$610,000 p. 55−20.2%
5DJul 2, 2026$605,859$660,000 p. 55−8.2%
3FJul 10, 2026$496,860$560,000 p. 55−11.3%
8DJul 20, 2026$646,589$635,000 p. 55+1.8%
3EJul 21, 2026$471,510$585,000 p. 55−19.4%
8BJul 27, 2026$853,294$950,000 p. 55−10.2%
7EJul 30, 2026$580,403$600,000 p. 55−3.3%
7CJul 31, 2026$995,339$1,010,000 p. 55−1.5%
4CAug 3, 2026$496,860$620,000 p. 55−19.9%
6DAug 3, 2026$534,581$670,000 p. 55−20.2%
5BAug 5, 2026$636,406$660,000 p. 55−3.6%
3BAug 13, 2026$496,860$640,000 p. 55−22.4%
6BAug 13, 2026$653,717$670,000 p. 55−2.4%
5EAug 17, 2026$590,585$605,000 p. 55−2.4%
6EAug 17, 2026$605,859$615,000 p. 55−1.5%
5CAug 20, 2026$578,366$630,000 p. 55−8.2%
7DAug 20, 2026$519,308$625,000 p. 55−16.9%
5FAug 21, 2026$493,475$580,000 p. 55−14.9%
6ASep 8, 2026$496,860$615,000 p. 55−19.2%
8ESep 9, 2026$595,676$610,000 p. 55−2.3%
9DSep 18, 2026$629,279$645,000 p. 56−2.4%

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Closings are for subscribers

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
Flushing Faddism LLC
Principals
Cun Long Chen
Tax estimate
SJP Tax Consultants Inc.Prepared the first-year real estate tax projection

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

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