Arch 31 Condominium
30-63 31st Street, Queens, NY 11102
Overview
- Units
- 23 residential · 6 commercial
- Subway
- 3 min walk to 30 Av N WBroadway N W, 5 min
- Principals
- Calvin Pan, Zengwen Ye
- Offering price
- $28.4 million total $20.4 million when first offered
- Floor plans
- Page 22 of the plan
The sponsor of record is Arch 31 LLC, represented by Thomas E. Berinato Attorney At Law. The offering plan runs 447 pages. The sponsor has filed 2 amendments, the latest in April 2023. The nearest other condo plan on file is 25 - 81 31st Street Condominium, next door.
Plan CD190365 · New · accepted Mar 4, 2022 · AG record ↗
Compare
| Figure | This building1 | Candle Factory230 units · 0.6 miaccepted 2021 | 25-74 34th317 units · 0.3 miaccepted 2021 |
|---|---|---|---|
| Average Offering PricePer Apartment | $886,905Below peers | $899,223 | $909,412 |
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Unit mix, closings, budgets, finishes and the team, against Candle Factory and 25-74 34th, cited to the offering plans. No credit card required.
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- 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 closed39% of the homes in the plan | 9 of 23 |
| Closingsfirst and latest recorded | Feb 24, 2023 – May 6, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Jun 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.
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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.
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
- Arch 31 LLC
- Principals
- Calvin Pan, Zengwen Ye
- Tax estimate
- MREPrepared the first-year real estate tax projection
- Construction lender
- Amerasia BankLender on the mortgage and building loan agreement recorded June 2021 in ACRIS; $12.5 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 25 - 81 31st Street Condominiumnext door · 10 units
- Apollo Condominiumnext door · 8 units · 2007
- 30-79 Condominiumnext door · 8 units · 2009
- 32 North Condominiumnext door · 7 units · 2025
- 30-39 32 Street Condominiumnext door · 7 units · 2015
- Willow Condominiumnext door · 7 units · 2022