THE CONDO BOOK PROJECT

Frame Astoria

31-19 29th Street, Queens, NY 11106

Overview

Units
20 residential · 10 parking
Subway
5 min walk to Broadway N W30 Av N W, 7 min
Developer
Silverline Group
Principals
Tao Tao, Tony El-Hadi
Average $/sf
$1,280Homes in Schedule A, as first offered
Common charges
$257–$732 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 - December 31, 2025
Offering price
$19 million total $18.1 million when first offered

The sponsor of record is 3119 LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 353 pages. The sponsor has filed 2 amendments, the latest in December 2024. The nearest other condo plan on file is 31-22 29th Street Condominium, next door.

Plan CD240095 · New · accepted Sep 12, 2024 · AG record ↗

Compare

FigureThis building1The Destination212 units · 0.4 miaccepted 2024Siena328 units · 0.1 miaccepted 2023
Common ChargesPer Square Foot / Month$0.68Below peers$0.88$0.70
Average Offering PricePer Apartment$849,536Below peers$954,167$852,888
Average PricePer Square Foot$1,280Above peers$1,230$1,217
Property TaxesPer Square Foot / Month$1.34Highest$0.48$1.08
Average Unit SizeSquare Feet664 SFSmaller776 SF701 SF

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Unit mix, closings, budgets, finishes and the team, against The Destination and Siena, 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 closed90% of the homes in Schedule A18 of 20
Closing prices vs. Schedule A18 homes: $15,436,733 at closing against $14,900,480 in Schedule A (p. 56)+3.6%
Average closing price18 homes, on their Schedule A square feet$1,326 / SF
Closingsfirst and latest recordedMar 14, 2025 – Oct 30, 2025

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 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 18 closings
HomeRecordedClosing priceSchedule ADifference
6AMar 14, 2025$1,375,000$1,256,960 p. 56+9.4%
4AMar 17, 2025$900,000$890,880 p. 56+1%
2CMar 27, 2025$580,403$558,080 p. 56+4%
2EMar 27, 2025$495,846$495,360 p. 56+0.1%
2DApr 1, 2025$641,498$596,480 p. 56+7.5%
3BApr 4, 2025$748,414$714,240 p. 56+4.8%
4BApr 28, 2025$751,814$714,240 p. 56+5.3%
3AMay 9, 2025$896,060$890,880 p. 56+0.6%
5DMay 23, 2025$1,439,000$1,386,240 p. 56+3.8%
2BJun 26, 2025$690,000$695,040 p. 56−0.7%
2AJul 10, 2025$850,000$815,360 p. 56+4.2%
3CJul 10, 2025$966,319$997,120 p. 56−3.1%
4DJul 10, 2025$672,045$591,360 p. 56+13.6%
6CJul 10, 2025$785,000$746,240 p. 56+5.2%
6BAug 22, 2025$916,425$970,240 p. 56−5.5%
3DAug 27, 2025$661,863$591,360 p. 56+11.9%
4CSep 16, 2025$982,611$997,120 p. 56−1.5%
5COct 30, 2025$1,084,436$993,280 p. 56+9.2%

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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
3119 LLC
Developer
Silverline GroupReported by mannpublications.com
Principals
Tao Tao, Tony El-Hadi
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Ponce Bank$7.5 million recorded

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

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