THE CONDO BOOK PROJECT

Mings Garden Condominium

26-01 4th Street, Queens, NY 11102

Overview

Units
143 residential · 1 parking · 12 commercial
Subway
20 min walk to Astoria Blvd N W30 Av N W, 20 min
Principals
Sophia Shanfen Zhang
Average $/sf
$654Homes in Schedule A, as first offered
Common charges
$194–$2,355 a monthSponsor's first-year estimate in Schedule A, July 1. 2022--June 30, 2023
Offering price
$169.5 million total $98.2 million when first offered

The sponsor of record is Mings Garden Realty LLC, represented by Lawrence Lixin Yang, P.C.. The offering plan runs 477 pages. The sponsor has filed 8 amendments, the latest in July 2026. The nearest other condo plan on file is 27th Avenue And 2nd Street Condominium, next door.

Plan CD200167 · New · accepted Mar 23, 2021 · AG record ↗

Compare

FigureThis building1Meridian Towers286 units · 1.5 miaccepted 2022Nusun Vernon3122 units · 0.4 miaccepted 2024
Common ChargesPer Square Foot / Month$0.38Lowest$0.52$0.80
Average Offering PricePer Apartment$617,065Below peers$699,190$1.17M
Average PricePer Square Foot$654Lowest$1,197$1,315
Property TaxesPer Square Foot / Month$0.44Lowest$0.90$0.80
Average Unit SizeSquare Feet944 SFLarger584 SF892 SF

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Unit mix, closings, budgets, finishes and the team, against Meridian Towers and Nusun Vernon, 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
Mings Garden Realty LLC
Principals
Sophia Shanfen Zhang
Construction lender
Parkview Financial REIT, LPLender on the mortgage and building loan agreement recorded February 2021 in ACRIS; $58.1 million recorded

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

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