THE CONDO BOOK PROJECT

Tower Units At Harvest Plaza Condominium

163-07 72nd Avenue, Queens, NY 11365

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Overview

Units
23 residential · 1 parking · 12 storage · 3 commercial
Subway
32 min walk to 169 St FParsons Blvd F, 32 min
Principals
Luo Jie Chen
Average $/sf
$1,004Homes in Schedule A, as first offered
Common charges
$186–$361 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 - June 30, 2025
Offering price
$20.5 million total $18 million when first offered

The sponsor of record is Top One Development LLC, represented by Lawrence Lixin Yang, P.C.. The offering plan runs 398 pages. The sponsor has filed 7 amendments, the latest in March 2026. The nearest other condo plan on file is Tower Ii Units At Harvest Plaza Condominium, next door.

Plan CD220275 · New · accepted Nov 3, 2023 · AG record ↗

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FigureThis building1Cherry Plaza225 units · 2 miaccepted 2023Kew Gardens Tower332 units · 1.6 miaccepted 2023
Common ChargesPer Square Foot / Month$0.47Lowest$0.59$0.80
Average Offering PricePer Apartment$581,043Below peers$599,800$672,677
Average PricePer Square Foot$1,004In line$1,028$969
Property TaxesPer Square Foot / Month$1.05Highest$0.48$0.23
Average Unit SizeSquare Feet579 SFSmaller583 SF694 SF

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Unit mix, closings, budgets, finishes and the team, against Cherry Plaza and Kew Gardens Tower, 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 closed43% of the homes in Schedule A10 of 23
Closing prices vs. Schedule A10 homes: $4,365,632 at closing against $4,682,000 in Schedule A (p. 45)−6.8%
Average closing price10 homes, on their Schedule A square feet$964 / SF
Closingsfirst and latest recordedJun 30, 2025 – May 15, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 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 10 closings
HomeRecordedClosing priceSchedule ADifference
4DJun 30, 2025$436,098$460,000 p. 45−5.2%
4EJul 7, 2025$436,098$460,000 p. 45−5.2%
5DJul 14, 2025$451,230$472,000 p. 45−4.4%
2DNov 6, 2025$466,440$525,000 p. 45−11.2%
4ANov 11, 2025$405,600$434,000 p. 45−6.5%
2ANov 25, 2025$373,152$410,000 p. 45−9%
5FDec 9, 2025$554,392$633,000 p. 45−12.4%
5CJan 21, 2026$441,090$472,000 p. 45−6.5%
4HMar 31, 2026$415,740$426,000 p. 45−2.4%
2GMay 15, 2026$385,792$390,000 p. 45−1.1%

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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
Top One Development LLC
Principals
Luo Jie Chen
Tax estimate
Lawrence Lixin Yang, P.C.Prepared the first-year real estate tax projection
Construction lender
The Berkshire Bank

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

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