THE CONDO BOOK PROJECT

Astoria Proper Condominium

30-57 Crescent Street, Queens, NY 11102

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Overview

Units
10 residential · 2 parking · 11 storage
Subway
7 min walk to 30 Av N WBroadway N W, 9 min
Principals
Karnig Alajajian, Louis Liberta
Average $/sf
$1,245Homes in Schedule A, as first offered
Common charges
$423–$495 a monthSponsor's first-year estimate in Schedule A, September 1, 2022 Through August 31, 2023
Offering price
$8.92 million total $8.63 million when first offered

The sponsor of record is 30-57 Crescent Street LLC, represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 344 pages. The sponsor has filed 1 amendment, the latest in September 2022. The nearest other condo plan on file is Crescent View Condominium, next door.

Plan CD210198 · New · accepted Mar 11, 2022 · AG record ↗

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FigureThis building1Amity 2829 units · 0.3 miaccepted 202223-05 24th37 units · 0.7 miaccepted 2022
Common ChargesPer Square Foot / Month$0.68Highest$0.50$0.28
Average Offering PricePer Apartment$869,325In line$722,442$870,857
Average PricePer Square Foot$1,245Above peers$1,123$1,151
Property TaxesPer Square Foot / Month$0.86Highest$0.57$0.39
Average Unit SizeSquare Feet699 SFIn line644 SF756 SF

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Unit mix, closings, budgets, finishes and the team, against Amity 28 and 23-05 24th, 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 closed70% of the homes in Schedule A7 of 10
Closing prices vs. Schedule A7 homes: $5,838,653 at closing against $6,011,750 in Schedule A (p. 44)−2.9%
Average closing price7 homes, on their Schedule A square feet$1,200 / SF
Closingsfirst and latest recordedDec 15, 2022 – Mar 30, 2026

Sales recorded with the Department of Finance (ACRIS) through Apr 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
2ADec 15, 2022$773,870$790,000 p. 44−2%
3ADec 15, 2022$824,783$829,250 p. 44−0.5%
6AMar 8, 2023$940,000$923,750 p. 44+1.8%
4AApr 4, 2023$832,000$849,500 p. 44−2.1%
6BJun 16, 2023$860,000$965,000 p. 44−10.9%
3BOct 2, 2025$813,000$859,250 p. 44−5.4%
2BMar 30, 2026$795,000$795,000 p. 440%

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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
30-57 Crescent Street LLC
Principals
Karnig Alajajian, Louis Liberta
Tax estimate
SJP Tax Consultants, Inc.Prepared the first-year real estate tax projection
Construction lender
Alma BankLender on the mortgage and building loan agreement recorded May 2018 in ACRIS; $6.98 million recorded

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

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