THE CONDO BOOK PROJECT

Jade Village Condominium

141-09 84th Drive, Queens, NY 11358

Overview

Units
11 residential · 6 parking
Subway
5 min walk to Briarwood E FSutphin Blvd F, 13 min
Principals
Xing Hua Lin, FOR JIAO LIN
Average $/sf
$435Homes in Schedule A, as first offered
Common charges
$223–$327 a monthSponsor's first-year estimate in Schedule A, January 1, 2013 to December 31, 2013
Offering price
$3.9 million total $3.71 million when first offered

The sponsor of record is Sing Wah Realty LLC, represented by S. Seth Yavne Esq. The offering plan runs 256 pages. The sponsor has filed 1 amendment, the latest in May 2013. The nearest other condo plan on file is 141-16 84th Drive Condo, next door.

Plan CD120125 · New · accepted Nov 14, 2012 · AG record ↗

Compare

FigureThis building1Wenzhou Tower215 units · 3.7 miaccepted 2009Corona Twins317 units · 3.6 miaccepted 2009
Common ChargesPer Square Foot / Month$0.35Highest$0.22$0.28
Average Offering PricePer Apartment$328,182Above peers$322,333$276,471
Average PricePer Square Foot$435In line$427$442
Property TaxesPer Square Foot / Month$0.02In line$0.02$0.05
Average Unit SizeSquare Feet754 SFIn line755 SF626 SF

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Unit mix, closings, budgets, finishes and the team, against Wenzhou Tower and Corona Twins, 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 A11 of 11
Closing prices vs. Schedule A11 homes: $4,062,412 at closing against $3,610,000 in Schedule A (p. 26)+12.5%
Average closing price11 homes, on their Schedule A square feet$490 / SF
Closingsfirst and latest recordedDec 11, 2013 – Jan 3, 2019

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2024: 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 11 closings
HomeRecordedClosing priceSchedule ADifference
2BDec 11, 2013$283,920$285,000 p. 26−0.4%
3BJan 17, 2014$302,172$285,000 p. 26+6%
4BFeb 12, 2014$297,102$280,000 p. 26+6.1%
2CMay 2, 2014$410,000$410,000 p. 260%
1AMay 16, 2014$317,500$300,000 p. 26+5.8%
2AJun 10, 2014$290,000$290,000 p. 260%
1BMay 17, 2018$505,000$400,000 p. 26+26.2%
4AMay 17, 2018$360,000$285,000 p. 26+26.3%
3AJun 19, 2018$365,000$290,000 p. 26+25.9%
3CAug 6, 2018$521,718$395,000 p. 26+32.1%
4CJan 3, 2019$410,000$390,000 p. 26+5.1%

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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
Sing Wah Realty LLC
Principals
Xing Hua Lin, FOR JIAO LIN

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

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