THE CONDO BOOK PROJECT

Barclay I Tower A/K/A Barclay I Plaza

150-15 Barclay Avenue, Queens, NY 11355

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Overview

Units
10 residential · 10 parking · 2 commercial
Subway
19 min walk to Flushing-Main St 7
Principals
Zhou Xu
Average $/sf
$1,270Homes in Schedule A, as first offered
Common charges
$382–$488 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 to June 30, 2024
Offering price
$13.1 million total

The sponsor of record is Fhp Management LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 323 pages. The sponsor has filed 2 amendments, the latest in May 2024. The nearest other condo plan on file is Murray Hill Condominium, next door.

Plan CD220206 · New · accepted May 3, 2023 · AG record ↗

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FigureThis building142-08 Bowne210 units · 0.6 miaccepted 20223j310 units · 0.3 miaccepted 2023
Common ChargesPer Square Foot / Month$0.67Below peers$0.68$0.69
Average Offering PricePer Apartment$815,800Highest$592,500$680,000
Average PricePer Square Foot$1,270Above peers$1,143$946
Property TaxesPer Square Foot / Month$0.58Above peers$0.46$0.51
Average Unit SizeSquare Feet643 SFIn line518 SF719 SF

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Unit mix, closings, budgets, finishes and the team, against 42-08 Bowne and 3j, 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 closed40% of the homes in Schedule A4 of 10
Closing prices vs. Schedule A4 homes: $2,888,398 at closing against $3,251,000 in Schedule A (p. 40)−11.2%
Average closing price4 homes, on their Schedule A square feet$1,110 / SF
Closingsfirst and latest recordedMar 25, 2024 – Nov 26, 2024

Sales recorded with the Department of Finance (ACRIS) through Oct 31, 2025: 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 4 closings
HomeRecordedClosing priceSchedule ADifference
4AMar 25, 2024$730,299$890,000 p. 40−17.9%
3AApr 17, 2024$608,109$654,000 p. 40−7%
2BOct 8, 2024$725,208$852,000 p. 40−14.9%
3CNov 26, 2024$824,783$855,000 p. 40−3.5%

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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
Fhp Management LLC
Principals
Zhou Xu
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection

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

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