THE CONDO BOOK PROJECT

Astoria 33 Condominium

21-14 33rd Street, Queens, NY 11105

Overview

Units
10 residential · 8 parking
Subway
6 min walk to Astoria-Ditmars Blvd N WAstoria Blvd N W, 14 min
Principals
Stephen Shack
Average $/sf
$642Homes in Schedule A, as first offered
Offering price
$5.94 million total

The sponsor of record is 21-14 33rd Realty LLC, represented by Tsoromokos & Papadopoulos, Pllc. The offering plan runs 374 pages. The sponsor has filed 1 amendment, the latest in May 2012. The nearest other condo plan on file is Rowan Ii Condominium, next door.

Plan CD110144 · New · AG record ↗

Closings Pro

Homes closed80% of the homes in Schedule A8 of 10
Closing prices vs. Schedule A8 homes: $4,057,070 at closing against $4,448,000 in Schedule A (p. 37)−8.8%
Average closing price8 homes, on their Schedule A square feet$569 / SF
Closingsfirst and latest recordedAug 21, 2012 – Jan 9, 2013

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2024: 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 8 closings
HomeRecordedClosing priceSchedule ADifference
2BAug 21, 2012$400,530$399,000 p. 37+0.4%
2AAug 24, 2012$433,992$389,000 p. 37+11.6%
3BSep 26, 2012$579,384$589,000 p. 37−1.6%
3ASep 28, 2012$682,228$649,000 p. 37+5.1%
1BOct 9, 2012$302,500$469,000 p. 37−35.5%
1AOct 23, 2012$456,300$495,000 p. 37−7.8%
3CJan 9, 2013$677,136$659,000 p. 37+2.8%
3DJan 9, 2013$525,000$799,000 p. 37−34.3%

Pro

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
21-14 33rd Realty LLC
Principals
Stephen Shack
Tax estimate
SJP Tax Consultants, Inc.Prepared the first-year real estate tax projection
Construction lender
Ponce Bank$1.4 million loan stated in the plan

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

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