THE CONDO BOOK PROJECT

Ely Astoria Condominium

23-10 30th Drive, Queens, NY 11102

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Overview

Units
14 residential · 7 parking
Subway
9 min walk to 30 Av N WBroadway N W, 11 min
Principals
Konstandinos Vorillas, Anastasia Apodiacos, Athena V. Pappas, Chris Vorillas, Efthimios Ballis, George Giallis, Panagiotis Giallis
Offering price
$12.5 million total

The sponsor of record is 23-10 30th Drive Realty LLC, represented by Tsoromokos & Papadopoulos, Pllc. The offering plan runs 375 pages. The sponsor has filed 1 amendment, the latest in May 2021. The nearest other condo plan on file is Elm Street Condominium, next door.

Plan CD200092 · New · accepted Feb 19, 2021 · AG record ↗

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FigureThis building125-74 34th217 units · 0.5 miaccepted 2021Alta310 units · 0.3 miaccepted 2020
Average Offering PricePer Apartment$891,804In line$909,412$831,171

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Unit mix, closings, budgets, finishes and the team, against 25-74 34th and Alta, 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 the plan14 of 14
Closingsfirst and latest recordedSep 23, 2021 – Nov 22, 2021

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2023: 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 14 closings
HomeRecordedClosing priceSchedule ADifference
3DSep 23, 2021$706,846one deed, 2 homes——
5BSep 23, 2021$672,255——
2DSep 24, 2021$626,430——
3ASep 27, 2021$687,319one deed, 2 homes——
4BSep 27, 2021$709,000one deed, 2 homes——
2BSep 28, 2021$665,000one deed, 2 homes——
2ASep 30, 2021$600,000——
4COct 1, 2021$685,196——
3BOct 5, 2021$651,680one deed, 2 homes——
4DOct 6, 2021$721,524one deed, 2 homes——
3COct 8, 2021$666,954——
5AOct 14, 2021$765,000one deed, 2 homes——
2CNov 22, 2021$630,000——
4ANov 22, 2021$640,000——

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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
23-10 30th Drive Realty LLC
Principals
Konstandinos Vorillas, Anastasia Apodiacos, Athena V. Pappas, Chris Vorillas, Efthimios Ballis, George Giallis, Panagiotis Giallis
Tax estimate
Astro Realty Brokerage, LLCPrepared the first-year real estate tax projection
Construction lender
Valley National Bank$3.75 million loan stated in the plan

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

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