Fabric Astoria 46th Street Condominium
22-54 46th Street, Queens, NY 11105
Overview
- Units
- 35 residential · 1 parking · 1 commercial
- Subway
- 13 min walk to Astoria-Ditmars Blvd N WAstoria Blvd N W, 15 min
- Developer
- Mega Development
- Principals
- Hercules Argyriou
- Average $/sf
- $960Homes in Schedule A, as first offered
- Common charges
- $679–$1,427 a monthSponsor's first-year estimate in Schedule A, For The First Year Of Condominium Operation Commencing April 1, 2024
- Offering price
- $36.2 million total $34.5 million when first offered
The sponsor of record is Md45 Developers LLC, represented by Abrams Fensterman, LLP. The sponsor has filed 3 amendments, the latest in May 2025. The nearest other condo plan on file is Pistilli Grand Manor Condominium, next door.
Plan CD230207 · New · accepted Mar 18, 2024 · AG record ↗
Compare
| Figure | This building1 | Siena228 units · 1.2 miaccepted 2023 | Vela Astoria328 units · 1.6 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.01Highest | $0.70 | $0.36 |
| Average Offering PricePer Apartment | $1.02MIn line | $852,888 | $1.11M |
| Average PricePer Square Foot | $960Lowest | $1,217 | $1,255 |
| Property TaxesPer Square Foot / Month | $0.36Lowest | $1.08 | $0.95 |
| Average Unit SizeSquare Feet | 1,066 SFLargest | 701 SF | 883 SF |
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Unit mix, closings, budgets, finishes and the team, against Siena and Vela Astoria, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed80% of the homes in Schedule A | 28 of 35 |
| Closing prices vs. Schedule A28 homes: $24,564,069 at closing against $25,780,817 in Schedule A (p. 50) | −4.7% |
| Average closing price28 homes, on their Schedule A square feet | $844 / SF |
| Closingsfirst and latest recorded | Mar 19, 2025 – Jul 8, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Jul 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 28 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 304 | Mar 19, 2025 | $1,195,000 | $1,185,000 p. 50 | +0.8% |
| 306 | Mar 21, 2025 | $995,000 | $1,095,000 p. 50 | −9.1% |
| 404 | Mar 21, 2025 | $1,216,809 | $1,200,000 p. 50 | +1.4% |
| 406 | Mar 24, 2025 | $1,075,000 | $1,110,000 p. 50 | −3.2% |
| 202 | Mar 25, 2025 | $1,191,353 | $1,170,000 p. 50 | +1.8% |
| 604 | Mar 31, 2025 | $1,350,000 | $1,460,000 p. 50 | −7.5% |
| 203 | Apr 2, 2025 | $1,465,000 | $1,600,000 p. 50 | −8.4% |
| 603 | Apr 8, 2025 | $775,000 | $789,000 p. 50 | −1.8% |
| 506 | Apr 17, 2025 | $1,125,000 | $1,135,000 p. 50 | −0.9% |
| 701 | Apr 18, 2025 | $261,770 | $228,828 p. 50 | +14.4% |
| 502 | Apr 25, 2025 | $267,588 | $230,621 p. 50 | +16% |
| 501 | May 16, 2025 | $261,770 | $228,828 p. 50 | +14.4% |
| 301 | May 21, 2025 | $261,770 | $228,828 p. 50 | +14.4% |
| 405 | Jun 11, 2025 | $1,512,101 | $1,665,000 p. 50 | −9.2% |
| 402 | Jun 18, 2025 | $267,588 | $230,621 p. 50 | +16% |
| 503 | Jun 24, 2025 | $755,000 | $774,000 p. 50 | −2.5% |
| 605 | Jul 16, 2025 | $1,395,000 | $1,485,000 p. 50 | −6.1% |
| 505 | Jul 17, 2025 | $1,515,000 | $1,680,000 p. 50 | −9.8% |
| 801 | Jul 24, 2025 | $261,770 | $228,828 p. 50 | +14.4% |
| 204 | Jul 25, 2025 | $258,367 | $225,508 p. 50 | +14.6% |
| 305 | Aug 15, 2025 | $1,460,000 | $1,650,000 p. 50 | −11.5% |
| 401 | Aug 20, 2025 | $261,770 | $228,828 p. 50 | +14.4% |
| 601 | Sep 25, 2025 | $261,770 | $228,828 p. 50 | +14.4% |
| 303 | Nov 21, 2025 | $237,666 | $209,099 p. 50 | +13.7% |
| 201 | Dec 19, 2025 | $1,200,000 | $1,450,000 p. 50 | −17.2% |
| 703 | Apr 9, 2026 | $1,613,926 | $1,725,000 p. 50 | −6.4% |
| 403 | May 5, 2026 | $748,414 | $749,000 p. 50 | −0.1% |
| 803 | Jul 8, 2026 | $1,374,638 | $1,590,000 p. 50 | −13.5% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Md45 Developers LLC
- Developer
- Mega DevelopmentReported by qns.com
- Principals
- Hercules Argyriou
- Counsel
- Abrams Fensterman, LLP
- Tax estimate
- Marcus & Pollack LLPPrepared the first-year real estate tax projection
- Construction lenders
- First Horizon Bank, The Bank of Greene County, Webster BankLender on the mortgage and building loan agreement recorded July 2022 in ACRIS; $52 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Pistilli Grand Manor Condominiumnext door · 201 units · 2007
- Astoria Homes Condominium0.4 mi · 3 units · 2015
- Artisan Condominium0.4 mi · 6 units · 4 parking · 2022
- Kate'S Luxury Condominium0.4 mi · 8 units · 2008
- Steinway House Condominium0.5 mi · 10 units · 2019
- Address 2 Condominium0.5 mi · 7 units · 5 parking