THE CONDO BOOK PROJECT

21-01 21st Street Condominium

21-01 21st Street, Queens, NY 11105

Overview

Units
19 residential · 13 parking · 3 commercial
Subway
14 min walk to Astoria-Ditmars Blvd N WAstoria Blvd N W, 22 min
Principals
Halil Todic
Average $/sf
$1,123Homes in Schedule A, as first offered
Common charges
$408–$807 a monthSponsor's first-year estimate in Schedule A, September 1, 2023 - August 31, 2024
Offering price
$24.1 million total

The sponsor of record is Astoria 2101 LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 386 pages. The nearest other condo plan on file is Plaza 21 Condominium, next door.

Plan CD220214 · New · accepted May 16, 2023 · AG record ↗

Compare

FigureThis building1Sunrich Tower224 units · 1.3 miaccepted 2023Vela Astoria328 units · 1.4 miaccepted 2023
Common ChargesPer Square Foot / Month$0.60In line$0.63$0.36
Average Offering PricePer Apartment$1.03MIn line$762,324$1.11M
Average PricePer Square Foot$1,123Below peers$1,223$1,255
Property TaxesPer Square Foot / Month$0.86In line$0.47$0.95
Average Unit SizeSquare Feet918 SFLarger623 SF883 SF

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Unit mix, closings, budgets, finishes and the team, against Sunrich Tower and Vela Astoria, 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.

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
Astoria 2101 LLC
Principals
Halil Todic
Tax estimate
Korngold Powers LLPPrepared the first-year real estate tax projection
Construction lender
Golden Bridge$29.5 million recorded

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

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