THE CONDO BOOK PROJECT

1736 George Street Condominium

1736 George Street, Queens, NY 11385

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Overview

Units
2 residential
Subway
5 min walk to Halsey St LSeneca Av M, 9 min
Average $/sf
$973Homes in Schedule A, as first offered
Offering price
$2.35 million total $1.8 million when first offered

The sponsor of record is Two President LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 338 pages. The sponsor has filed 1 amendment, the latest in November 2022. The nearest other condo plan on file is 1671 Summerfield Street Condominium, 0.2 mi away.

Plan CD210209 · Rehab · accepted Jan 18, 2022 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A2 of 2
Closing prices vs. Schedule A2 homes: $2,350,000 at closing against $2,350,000 in Schedule A (p. 33)0%
Average closing price2 homes, on their Schedule A square feet$973 / SF
Closingsfirst and latest recordedMay 5, 2022 – May 23, 2022

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 2022: 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 2 closings
HomeRecordedClosing priceSchedule ADifference
1May 5, 2022$1,100,000$1,100,000 p. 330%
2May 23, 2022$1,250,000$1,250,000 p. 330%

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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
Two President LLC
Tax estimate
Empire Consulting Service, Inc.Prepared the first-year real estate tax projection

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

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