THE CONDO BOOK PROJECT

Roma Condominium

25-23 Newtown Avenue, Queens, NY 11102

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Overview

Units
27 residential · 14 parking
Subway
5 min walk to 30 Av N WAstoria Blvd N W, 7 min
Principals
Bruno Cerrone, Robert Cerrone, Vincent Ali, Jr.
Average $/sf
$1,307Homes in Schedule A, as first offered
Common charges
$464–$1,019 a monthSponsor's first-year estimate in Schedule A, June 1, 2026 through May 31, 2027
Offering price
$26.7 million total $25.7 million when first offered

The sponsor of record is Newtown Avenue Associates, LLC, represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 451 pages. The sponsor has filed 1 amendment, the latest in April 2026. The nearest other condo plan on file is Newtown Tower Condominium, next door.

Plan CD250053 · New · accepted Jan 9, 2026 · AG record ↗

Closings Pro

Homes closed26% of the homes in Schedule A7 of 27
Closing prices vs. Schedule A7 homes: $6,721,666 at closing against $6,715,000 in Schedule A (p. 55)+0.1%
Average closing price7 homes, on their Schedule A square feet$1,329 / SF
Closingsfirst and latest recordedJul 23, 2026 – Sep 15, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 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 7 closings
HomeRecordedClosing priceSchedule ADifference
Unit 3AJul 23, 2026$820,000$820,000 p. 550%
Unit PHBJul 29, 2026$1,250,000$1,250,000 p. 550%
Unit 3BJul 31, 2026$790,000$820,000 p. 55−3.7%
Unit 4BAug 10, 2026$850,239$850,000 p. 55+0%
Unit 3EAug 13, 2026$773,870$795,000 p. 55−2.7%
Unit 6BSep 10, 2026$1,412,775$1,395,000 p. 55+1.3%
Unit 2BSep 15, 2026$824,783$785,000 p. 55+5.1%

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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
Newtown Avenue Associates, LLC
Principals
Bruno Cerrone, Robert Cerrone, Vincent Ali, Jr.
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection

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

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