Penrose Tower
136-80 (A/K/A 136-78) 41 Avenue, Queens, NY 11355
Overview
- Units
- 44 residential · 1 parking · 6 commercial
- Subway
- 5 min walk to Flushing-Main St 7
- Principals
- Cai Yu Chen, Heng Yuan Ou, Li Yun Ou, Mei Song Xiao, Shao Zhen Lin
- Offering price
- $44.6 million total
- Floor plans
- Page 45 of the plan
The sponsor of record is 136-78 LLC, represented by Dylan Chan Law Firm. The offering plan runs 358 pages. The sponsor has filed 3 amendments, the latest in February 2026. The nearest other condo plan on file is Flushing Highline Condominium, next door.
Plan CD220199 · New · accepted Apr 1, 2024 · AG record ↗
Compare
| Figure | This building1 | East West Plaza242 units · 0.5 miaccepted 2023 | Northern 146344 units · 0.5 miaccepted 2025 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.01MAbove peers | $965,863 | $875,823 |
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Unit mix, closings, budgets, finishes and the team, against East West Plaza and Northern 146, 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.
Closings Pro
| Homes closed98% of the homes in the plan | 43 of 44 |
| Closingsfirst and latest recorded | Apr 16, 2025 – Aug 6, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 43 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 6F | Apr 16, 2025 | $614,218 | — | — |
| 3D | Apr 18, 2025 | $488,970 | — | — |
| 4D | Apr 18, 2025 | $492,012 | — | — |
| 4F | Apr 25, 2025 | $597,926 | — | — |
| 5G | Apr 25, 2025 | $487,552 | — | — |
| 4G | Apr 29, 2025 | $478,830 | — | — |
| 3C | Apr 30, 2025 | $987,703 | — | — |
| 6E | May 2, 2025 | $807,472 | — | — |
| 4E | May 6, 2025 | $763,688 | — | — |
| 5E | May 6, 2025 | $725,208 | — | — |
| 3H | May 14, 2025 | $600,981 | — | — |
| 4B | May 19, 2025 | $938,827 | — | — |
| 5B | May 22, 2025 | $959,405 | — | — |
| 3F | May 23, 2025 | $598,731 | — | — |
| 7G | Jun 5, 2025 | $496,510 | — | — |
| 5F | Jun 6, 2025 | $605,054 | — | — |
| 7E | Jun 9, 2025 | $786,303 | — | — |
| 4H | Jul 28, 2025 | $608,109 | — | — |
| 3G | Aug 5, 2025 | $458,550 | — | — |
| 4A | Aug 11, 2025 | $750,450 | — | — |
| 6D | Sep 26, 2025 | $532,545 | — | — |
| 5D | Nov 19, 2025 | $531,740 | — | — |
| 6G | Nov 20, 2025 | $483,900 | — | — |
| 8B | Nov 26, 2025 | $702,811 | — | — |
| 7F | Dec 10, 2025 | $469,767 | — | — |
| 8A | Dec 10, 2025 | $753,495 | — | — |
| 8C | Dec 10, 2025 | $679,159 | — | — |
| 8D | Dec 10, 2025 | $712,948 | — | — |
| 3A | Dec 12, 2025 | $763,688 | — | — |
| 3E | Mar 4, 2026 | $598,065 | — | — |
| 4C | Mar 4, 2026 | $827,831 | — | — |
| 5A | Mar 4, 2026 | $625,097 | — | — |
| 5C | Mar 4, 2026 | $827,831 | — | — |
| 6A | Mar 4, 2026 | $625,097 | — | — |
| 7A | Mar 4, 2026 | $625,097 | — | — |
| 7C | Mar 4, 2026 | $827,831 | — | — |
| 7H | Mar 20, 2026 | $597,926 | — | — |
| 7D | Apr 24, 2026 | $541,923 | — | — |
| 1B | Apr 30, 2026 | $1,468,600 | — | — |
| 2B | Apr 30, 2026 | $633,250 | — | — |
| 6B | May 6, 2026 | $946,973 | — | — |
| 3B | Jun 4, 2026 | $672,401 | — | — |
| 6C | Aug 6, 2026 | $847,398 | — | — |
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
- 136-78 LLC
- Principals
- Cai Yu Chen, Heng Yuan Ou, Li Yun Ou, Mei Song Xiao, Shao Zhen Lin
- Counsel
- Dylan Chan Law Firm
- Tax estimate
- SJP Tax Consultants Inc.Prepared the first-year real estate tax projection
- Construction lender
- Bank of Hope$18 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Flushing Highline Condominiumnext door · 28 units · 16 parking · 2019
- Roosevelt Plazanext door · 0 units · 1 parking · 2017
- Madison Tower Condominiumnext door · 31 units · 2006
- 142-20 Sanford Avenue Condominium0.2 mi · 14 units
- Eastern Mirage Condominium0.2 mi · 68 units · 2012
- 38 Tower Condominium0.2 mi · 50 units · 26 parking · 2003