THE CONDO BOOK PROJECT

State Tower Condominium

146-14 35th Avenue, Queens, NY 11354

Compare

Overview

Units
18 residential · 1 parking · 4 commercial
Subway
17 min walk to Flushing-Main St 7
Principals
David Chan, Chi Hua Hsu, Po Sheng Hsu
Common charges
$250–$375 a monthSponsor's first-year estimate in Schedule A, September 1, 2004 - August 31, 2005
Offering price
$6.42 million total

The sponsor of record is 146 Developing Company LLC, represented by D. Feldman & Associates, P.C.. The offering plan runs 232 pages. The sponsor has filed 2 amendments, the latest in November 2004. The nearest other condo plan on file is Hong Ye Condominium, next door.

Plan CD040091 · New · accepted Sep 8, 2004 · AG record ↗

Compare

FigureThis building1Happy Buddha Tower220 units · 0.7 miaccepted 2005Cherry Tower321 units · 0.8 miaccepted 2005
Average Offering PricePer Apartment$292,300Below peers$297,660$349,333

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Happy Buddha Tower and Cherry Tower, 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.

Closings Pro

Homes closed89% of the homes in Schedule A16 of 18
Closing prices vs. Schedule A16 homes: $4,887,989 at closing against $4,642,950 in Schedule A (p. 20)+5.3%
Closingsfirst and latest recordedFeb 15, 2005 – Apr 22, 2005

Sales recorded with the Department of Finance (ACRIS) through Jul 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 16 closings
HomeRecordedClosing priceSchedule ADifference
5-CFeb 15, 2005$256,542$234,150 p. 20+9.6%
PH-AFeb 16, 2005$349,129$343,650 p. 20+1.6%
7-BFeb 17, 2005$339,690$323,400 p. 20+5%
7-AFeb 25, 2005$332,592$318,150 p. 20+4.5%
2-AFeb 28, 2005$340,206$328,650 p. 20+3.5%
2-BMar 1, 2005$320,240$300,300 p. 20+6.6%
5-AMar 2, 2005$313,879$307,650 p. 20+2%
2-CMar 7, 2005$261,612$239,400 p. 20+9.3%
5-BMar 7, 2005$318,000$310,800 p. 20+2.3%
6-CMar 9, 2005$259,584$237,300 p. 20+9.4%
3-CMar 23, 2005$254,514$232,050 p. 20+9.7%
6-AMar 23, 2005$329,550$312,900 p. 20+5.3%
7-CMar 25, 2005$268,508$240,450 p. 20+11.7%
PH-CMar 25, 2005$277,836$259,650 p. 20+7%
3-BApr 14, 2005$312,000$305,550 p. 20+2.1%
PH-BApr 22, 2005$354,106$348,900 p. 20+1.5%

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
146 Developing Company LLC
Principals
David Chan, Chi Hua Hsu, Po Sheng Hsu

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

Nearby