THE CONDO BOOK PROJECT

Artisan Condominium

20-48 Steinway Street, Queens, NY 11105

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Overview

Units
6 residential · 4 parking · 3 storage
Subway
13 min walk to Astoria-Ditmars Blvd N WAstoria Blvd N W, 19 min
Principals
Trevor Markham
Average $/sf
$1,553Homes in Schedule A, as first offered
Offering price
$6.7 million total $6.45 million when first offered

The sponsor of record is 2048 Steinway Street LLC, represented by Tsoromokos & Papadopoulos,Pllc. The offering plan runs 373 pages. The sponsor has filed 1 amendment, the latest in January 2023. The nearest other condo plan on file is Sophie Condominium, next door.

Plan CD220008 · New · accepted Sep 29, 2022 · AG record ↗

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FigureThis building1Willow27 units · 1.2 miaccepted 202223-05 24th37 units · 0.9 miaccepted 2022
Common ChargesPer Square Foot / Month$0.82Above peers$0.78$0.28
Average Offering PricePer Apartment$1.05MHighest$728,929$870,857
Average PricePer Square Foot$1,553Highest$1,293$1,151
Average Unit SizeSquare Feet679 SFIn line564 SF756 SF

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Unit mix, closings, budgets, finishes and the team, against Willow and 23-05 24th, 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 closed100% of the homes in Schedule A6 of 6
Closing prices vs. Schedule A5 homes: $3,715,950 at closing against $5,011,200 in Schedule A (p. 69)−25.8%
Average closing price5 homes, on their Schedule A square feet$1,198 / SF
Closingsfirst and latest recordedApr 18, 2023 – Mar 2, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 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 6 closings
HomeRecordedClosing priceSchedule ADifference
4AApr 18, 2023$1,206,000——
2BApr 19, 2023$640,000$777,600 p. 69−17.7%
3AApr 25, 2023$1,100,000$1,313,550 p. 69−16.3%
2ASep 20, 2023$674,450$777,600 p. 69−13.3%
1AOct 19, 2023$601,500$954,450 p. 69−37%
1BMar 2, 2026$700,000$1,188,000 p. 69−41.1%

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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
2048 Steinway Street LLC
Principals
Trevor Markham
Tax estimate
ARB Tax Abatement Services LLCPrepared the first-year real estate tax projection
Construction lender
First Republic Bank$1.85 million loan stated in the plan

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

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