THE CONDO BOOK PROJECT

30-38 29th Street Condominium

30-38 29th Street, Queens, NY 11102

Overview

Units
20 residential
Subway
4 min walk to 30 Av N WBroadway N W, 8 min
Developer
Palomar Development
Principals
Amit Veeramachaneni
Average $/sf
$1,184Homes in Schedule A, as first offered
Common charges
$443–$977 a monthSponsor's first-year estimate in Schedule A, July 1, 2022 - June 30, 2023
Offering price
$12.7 million total

The sponsor of record is 30-38 29th Street LLC, represented by Starr Associates LLP. The offering plan runs 473 pages. The sponsor has filed 3 amendments, the latest in March 2024. The nearest other condo plan on file is 25-40 30th Drive Condominium, next door.

Plan CD210307 · New · accepted Jul 11, 2022 · AG record ↗

Compare

FigureThis building1Sunrich Tower224 units · 0.3 miaccepted 202323-23 30th Road316 units · 0.2 miaccepted 2022
Common ChargesPer Square Foot / Month$1.18Highest$0.63$0.56
Average Offering PricePer Apartment$598,684Lowest$762,324$712,250
Average PricePer Square Foot$1,184In line$1,223$1,033
Property TaxesPer Square Foot / Month$1.03Highest$0.47$0.87
Average Unit SizeSquare Feet506 SFSmallest623 SF690 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Sunrich Tower and 23-23 30th Road, cited to the offering plans. No credit card required.

Create a free account
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 Schedule A20 of 20
Closing prices vs. Schedule A20 homes: $11,728,220 at closing against $11,973,675 in Schedule A (p. 55)−2%
Average closing price20 homes, on their Schedule A square feet$1,160 / SF
Closingsfirst and latest recordedApr 18, 2023 – Jun 3, 2024

Sales recorded with the Department of Finance (ACRIS) through Oct 31, 2025: 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 20 closings
HomeRecordedClosing priceSchedule ADifference
3DApr 18, 2023$543,000$454,725 p. 55+19.4%
3AMay 4, 2023$538,000$538,150 p. 55−0%
5AMay 4, 2023$560,000$561,050 p. 55−0.2%
6AMay 5, 2023$565,000$572,500 p. 55−1.3%
4AMay 17, 2023$562,269$549,600 p. 55+2.3%
2DMay 24, 2023$537,000$445,050 p. 55+20.7%
4CMay 25, 2023$975,679$959,625 p. 55+1.7%
7CJun 5, 2023$899,000$900,000 p. 55−0.1%
2AJun 13, 2023$526,000$526,700 p. 55−0.1%
3CJul 10, 2023$449,000$548,725 p. 55−18.2%
7AOct 5, 2023$585,000$595,400 p. 55−1.7%
2COct 24, 2023$393,000$537,050 p. 55−26.8%
6CNov 6, 2023$965,000$980,950 p. 55−1.6%
5CDec 14, 2023$950,000$959,625 p. 55−1%
7BDec 28, 2023$495,000$508,300 p. 55−2.6%
3BMar 1, 2024$436,020$459,425 p. 55−5.1%
6BMar 19, 2024$462,500$488,750 p. 55−5.4%
2BMar 25, 2024$401,752$449,650 p. 55−10.7%
5BApr 2, 2024$450,000$469,200 p. 55−4.1%
4BJun 3, 2024$435,000$469,200 p. 55−7.3%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
30-38 29th Street LLC
Developer
Palomar Development
Principals
Amit Veeramachaneni
Tax estimate
Highpoint Incentives Inc.Prepared the first-year real estate tax projection
Construction lender
The Bank of Princeton$8.86 million recorded

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

Nearby