THE CONDO BOOK PROJECT

150-02 Northern Boulevard Condominium

150-02 Northern Boulevard, Queens, NY 11354

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Overview

Units
39 residential · 1 parking · 3 commercial
Subway
17 min walk to Flushing-Main St 7
Developers
DV18 Realty LLC, Lee & Wang 15002 LLC, Royal Global Enterprises LLC
Principals
Ray Chen, Yu Kei Lam, Sammy Yu, Shi Wei Lei, Ken Wang, Leon R. Tucker Jr., Mike Shih Cheng Lee
Average $/sf
$1,209Homes in Schedule A, as first offered
Common charges
$226–$397 a monthSponsor's first-year estimate in Schedule A, For the Period of July 1, 2026 to June 30, 2027
Offering price
$45.7 million total

The sponsor of record is 15002 Property LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 359 pages. The sponsor has filed 2 amendments, the latest in September 2026. The nearest other condo plan on file is 149 Place Condominium, next door.

Plan CD240327 · New · accepted Nov 24, 2025 · AG record ↗

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FigureThis building1Luxe Living239 units · 1.1 miaccepted 2025Northern 146344 units · 0.3 miaccepted 2025
Common ChargesPer Square Foot / Month$0.47Lowest$0.58$0.62
Average Offering PricePer Apartment$709,827In line$676,667$875,823
Average PricePer Square Foot$1,209Below peers$1,291$1,349
Property TaxesPer Square Foot / Month$1.15Above peers$1.00$0.66
Average Unit SizeSquare Feet587 SFIn line524 SF649 SF

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Unit mix, closings, budgets, finishes and the team, against Luxe Living and Northern 146, 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 closed8% of the homes in Schedule A3 of 39
Closing prices vs. Schedule A3 homes: $1,558,428 at closing against $1,848,600 in Schedule A (p. 43, p. 44)−15.7%
Average closing price3 homes, on their Schedule A square feet$1,025 / SF
Closingsfirst and latest recordedAug 11, 2026 – Aug 24, 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 3 closings
HomeRecordedClosing priceSchedule ADifference
5FAug 11, 2026$486,720$616,200 p. 44−21%
4EAug 21, 2026$542,218$616,200 p. 43−12%
5EAug 24, 2026$529,490$616,200 p. 44−14.1%

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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
15002 Property LLC
Developers
DV18 Realty LLC, Lee & Wang 15002 LLC, Royal Global Enterprises LLC
Principals
Ray Chen, Yu Kei Lam, Sammy Yu, Shi Wei Lei, Ken Wang, Leon R. Tucker Jr., Mike Shih Cheng Lee
Tax estimate
Quicklink IncPrepared the first-year real estate tax projection

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

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