THE CONDO BOOK PROJECT

Hong Ye Condominium

146-10 35th Avenue, Queens, NY 11354

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Overview

Units
22 residential · 7 parking · 1 commercial
Subway
17 min walk to Flushing-Main St 7
Principals
Steve S. Cheung
Average $/sf
$1,015Homes in Schedule A, as first offered
Offering price
$15.7 million total $13.9 million when first offered

The sponsor of record is E Home Real Estate 2 LLC, represented by Lawrence Lixin Yang, P.C.. The offering plan runs 321 pages. The sponsor has filed 5 amendments, the latest in July 2025. The nearest other condo plan on file is State Tower Condominium, next door.

Plan CD230011 · New · accepted Jul 20, 2023 · AG record ↗

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FigureThis building1Cherry Plaza225 units · 0.8 miaccepted 2023Ying City Plaza334 units · 0.4 miaccepted 2023
Common ChargesPer Square Foot / Month$0.66Above peers$0.59$0.41
Average Offering PricePer Apartment$714,087Highest$599,800$612,088
Average PricePer Square Foot$1,015In line$1,028$1,000
Average Unit SizeSquare Feet703 SFLarger583 SF612 SF

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Unit mix, closings, budgets, finishes and the team, against Cherry Plaza and Ying City 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 closed65% of the homes in Schedule A15 of 23
Closing prices vs. Schedule A15 homes: $8,050,406 at closing against $10,619,000 in Schedule A (p. 43)−24.2%
Average closing price15 homes, on their Schedule A square feet$809 / SF
Closingsfirst and latest recordedMar 25, 2024 – Sep 10, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 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 15 closings
HomeRecordedClosing priceSchedule ADifference
5DMar 25, 2024$496,860$517,000 p. 43−3.9%
2DApr 5, 2024$425,880$554,000 p. 43−23.1%
6AApr 17, 2024$580,403$706,000 p. 43−17.8%
2AMay 17, 2024$459,200$757,000 p. 43−39.3%
4AMay 17, 2024$499,168$706,000 p. 43−29.3%
3AJun 19, 2024$456,300$706,000 p. 43−35.4%
3BJun 19, 2024$436,020$744,000 p. 43−41.4%
4CJun 19, 2024$560,038$487,000 p. 43+15%
2BJun 20, 2024$430,708$744,000 p. 43−42.1%
4DJun 20, 2024$464,412$517,000 p. 43−10.2%
5BJul 30, 2024$490,776$744,000 p. 43−34%
7AAug 20, 2024$967,338$1,500,000 p. 43−35.5%
5CSep 3, 2024$486,720$487,000 p. 43−0.1%
6BAug 24, 2026$590,585$744,000 p. 43−20.6%
5ASep 10, 2026$706,000$706,000 p. 430%

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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
E Home Real Estate 2 LLC
Principals
Steve S. Cheung
Tax estimate
LAWRENCE LIXIN YANG, P.C.Prepared the first-year real estate tax projection
Construction lender
Popular Bank

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

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