THE CONDO BOOK PROJECT

High Point Tower Condominium

141-29 Pershing Crescent, Queens, NY 11435

Compare

Overview

Units
18 residential · 8 parking
Subway
6 min walk to Briarwood E FSutphin Blvd F, 13 min
Principals
David Huang, Noorollah Asherian
Average $/sf
$590Homes in Schedule A, as first offered
Offering price
$6.4 million total

The sponsor of record is K 26 Group 2 LLC, represented by Stroock & Stroock & Lavan LLP. The offering plan runs 236 pages. The sponsor has filed 3 amendments, the latest in December 2019. The nearest other condo plan on file is 140-62 Burden Crescent Condominium, next door.

Plan CD090276 · New · accepted Dec 31, 2009 · AG record ↗

Compare

FigureThis building1Beacon Tower216 units · 4 miaccepted 2009Avery Hills310 units · 2.9 miaccepted 2010
Common ChargesPer Square Foot / Month$0.44 ⚠Above peers$0.40$0.35
Average Offering PricePer Apartment$344,111Below peers$453,750$361,500
Average PricePer Square Foot$590Below peers$602$636
Average Unit SizeSquare Feet583 SFIn line754 SF569 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Beacon Tower and Avery Hills, cited to the offering plans. No credit card required.

Create a free account
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.

⚠ Read from a partly legible Schedule B.

Closings Pro

Homes closed100% of the homes in Schedule A18 of 18
Closingsfirst and latest recordedJul 31, 2012

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2020: 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 18 closings
HomeRecordedClosing priceSchedule ADifference
101Jul 31, 2012$4,625,000one deed, 18 homes$275,000 p. 22—
201Jul 31, 2012$4,625,000one deed, 18 homes$285,000 p. 22—
202Jul 31, 2012$4,625,000one deed, 18 homes$415,000 p. 22—
203Jul 31, 2012$4,625,000one deed, 18 homes$299,000 p. 22—
301Jul 31, 2012$4,625,000one deed, 18 homes$290,000 p. 22—
302Jul 31, 2012$4,625,000one deed, 18 homes$425,000 p. 22—
303Jul 31, 2012$4,625,000one deed, 18 homes$310,000 p. 22—
401Jul 31, 2012$4,625,000one deed, 18 homes$290,000 p. 22—
402Jul 31, 2012$4,625,000one deed, 18 homes$425,000 p. 22—
403Jul 31, 2012$4,625,000one deed, 18 homes$310,000 p. 22—
501Jul 31, 2012$4,625,000one deed, 18 homes$290,000 p. 22—
502Jul 31, 2012$4,625,000one deed, 18 homes$425,000 p. 22—
503Jul 31, 2012$4,625,000one deed, 18 homes$310,000 p. 22—
601Jul 31, 2012$4,625,000one deed, 18 homes$290,000 p. 22—
602Jul 31, 2012$4,625,000one deed, 18 homes$425,000 p. 22—
603Jul 31, 2012$4,625,000one deed, 18 homes$310,000 p. 22—
701Jul 31, 2012$4,625,000one deed, 18 homes$445,000 p. 22—
702Jul 31, 2012$4,625,000one deed, 18 homes$375,000 p. 22—

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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 26 Group 2 LLC
Principals
David Huang, Noorollah Asherian

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

Nearby