THE CONDO BOOK PROJECT

Cherry Plaza Condominium

141-15 Cherry Avenue, Queens, NY 11355

Overview

Units
25 residential · 13 parking
Subway
13 min walk to Flushing-Main St 7
Principals
Tai Song Lin
Average $/sf
$1,028Homes in Schedule A, as first offered
Common charges
$248–$609 a monthSponsor's first-year estimate in Schedule A, July 1, 2024– June 30, 2025
Offering price
$17.8 million total $16 million when first offered

The sponsor of record is Cherry 17 Group LLC, represented by Lawrence Lixin Yang, P.C.. The offering plan runs 319 pages. The sponsor has filed 7 amendments, the latest in July 2026. The nearest other condo plan on file is Flushing Manor Condominium, next door.

Plan CD230107 · New · accepted Sep 12, 2023 · AG record ↗

Compare

FigureThis building1Ying City Plaza234 units · 0.3 miaccepted 2023Tower Units At Harvest Plaza323 units · 2 miaccepted 2023
Common ChargesPer Square Foot / Month$0.59Highest$0.41$0.47
Average Offering PricePer Apartment$599,800In line$612,088$581,043
Average PricePer Square Foot$1,028Above peers$1,000$1,004
Property TaxesPer Square Foot / Month$0.48In line$0.44$1.05
Average Unit SizeSquare Feet583 SFIn line612 SF579 SF

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Unit mix, closings, budgets, finishes and the team, against Ying City Plaza and Tower Units At Harvest Plaza, 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 closed76% of the homes in Schedule A19 of 25
Closing prices vs. Schedule A19 homes: $10,771,100 at closing against $10,687,000 in Schedule A (p. 46)+0.8%
Average closing price19 homes, on their Schedule A square feet$1,036 / SF
Closingsfirst and latest recordedDec 19, 2024 – Aug 7, 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 19 closings
HomeRecordedClosing priceSchedule ADifference
3BDec 19, 2024$448,000$448,000 p. 460%
4CDec 19, 2024$560,038$478,000 p. 46+17.2%
2BJan 15, 2025$415,740$435,000 p. 46−4.4%
3AJan 17, 2025$529,490$503,000 p. 46+5.3%
2CJan 24, 2025$423,852$460,000 p. 46−7.9%
2AFeb 3, 2025$451,646$490,000 p. 46−7.8%
3CFeb 28, 2025$524,399$473,000 p. 46+10.9%
4BMar 3, 2025$494,832$453,000 p. 46+9.2%
5BMar 3, 2025$486,720$458,000 p. 46+6.3%
3DMar 20, 2025$763,688$740,000 p. 46+3.2%
5AMay 14, 2025$590,585$513,000 p. 46+15.1%
6CAug 26, 2025$519,308$488,000 p. 46+6.4%
2DOct 29, 2025$692,410$718,000 p. 46−3.6%
6ADec 22, 2025$600,768$518,000 p. 46+16%
4AJan 15, 2026$479,622$508,000 p. 46−5.6%
6DJan 21, 2026$722,958$755,000 p. 46−4.2%
5DApr 20, 2026$692,410$750,000 p. 46−7.7%
4DJul 6, 2026$702,593$745,000 p. 46−5.7%
3EAug 7, 2026$672,045$754,000 p. 46−10.9%

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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
Cherry 17 Group LLC
Principals
Tai Song Lin
Tax estimate
Lawrence Lixin Yang, P.C.Prepared the first-year real estate tax projection

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

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