THE CONDO BOOK PROJECT

Sunrich Tower Condominium

14-54 31st Avenue, Queens, NY 11106

Overview

Units
24 residential · 4 parking
Subway
11 min walk to Broadway N W30 Av N W, 12 min
Principals
Ke An Chen, Jian Hui Chen
Average $/sf
$1,223Homes in Schedule A, as first offered
Common charges
$309–$512 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
Offering price
$18.6 million total

The sponsor of record is K & J International Realty LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 354 pages. The sponsor has filed 3 amendments, the latest in April 2024. The nearest other condo plan on file is Oasis Astoria Condominium, next door.

Plan CD220108 · New · accepted Feb 14, 2023 · AG record ↗

Compare

FigureThis building1Siena228 units · 0.3 miaccepted 2023Petra320 units · 0.3 miaccepted 2022
Common ChargesPer Square Foot / Month$0.63Below peers$0.70$1.18
Average Offering PricePer Apartment$762,324In line$852,888$598,684
Average PricePer Square Foot$1,223Above peers$1,217$1,184
Property TaxesPer Square Foot / Month$0.47Lowest$1.08$1.03
Average Unit SizeSquare Feet623 SFIn line701 SF506 SF

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Unit mix, closings, budgets, finishes and the team, against Siena and Petra, 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 closed100% of the homes in Schedule A24 of 24
Closing prices vs. Schedule A24 homes: $16,374,766 at closing against $18,295,777 in Schedule A (p. 53)−10.5%
Average closing price24 homes, on their Schedule A square feet$1,095 / SF
Closingsfirst and latest recordedSep 1, 2023 – Sep 26, 2025

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 24 closings
HomeRecordedClosing priceSchedule ADifference
4CSep 1, 2023$851,257$899,541 p. 53−5.4%
6ASep 21, 2023$787,000$780,850 p. 53+0.8%
5CSep 22, 2023$860,421$905,050 p. 53−4.9%
6CSep 22, 2023$860,421$909,865 p. 53−5.4%
6DSep 25, 2023$595,676$650,400 p. 53−8.4%
7COct 20, 2023$900,000$995,920 p. 53−9.6%
5DOct 26, 2023$680,000$742,900 p. 53−8.5%
3CNov 6, 2023$840,056$899,541 p. 53−6.6%
2CNov 15, 2023$799,326$870,550 p. 53−8.2%
4BFeb 16, 2024$575,000$650,900 p. 53−11.7%
6BMar 8, 2024$606,877$650,900 p. 53−6.8%
7BMar 20, 2024$675,100$667,880 p. 53+1.1%
7AJun 20, 2024$725,000$833,080 p. 53−13%
4AJul 16, 2024$678,155$780,850 p. 53−13.2%
2AJul 26, 2024$633,000$742,900 p. 53−14.8%
5AJul 31, 2024$675,100$780,850 p. 53−13.5%
3BSep 16, 2024$574,293$650,900 p. 53−11.8%
1AOct 10, 2024$481,650$675,050 p. 53−28.6%
4DOct 10, 2024$661,863$742,900 p. 53−10.9%
5BJan 2, 2025$586,500$650,900 p. 53−9.9%
2DFeb 21, 2025$632,932$708,400 p. 53−10.7%
2BApr 14, 2025$534,581$581,900 p. 53−8.1%
3DSep 11, 2025$570,220$742,900 p. 53−23.2%
3ASep 26, 2025$590,338$780,850 p. 53−24.4%

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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
K & J International Realty LLC
Principals
Ke An Chen, Jian Hui Chen
Tax estimate
SJP Tax Consultants Inc.Prepared the first-year real estate tax projection
Construction lender
Cathay Bank$7.45 million recorded

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

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