THE CONDO BOOK PROJECT

Linden Plaza Condominium

32-05 Linden Place, Queens, NY 11354

Overview

Units
18 residential · 9 parking
Subway
13 min walk to Flushing-Main St 7
Principals
George Xu, Jiashu Xu
Offering price
$3.9 million total

The sponsor of record is Linden Plaza Realty, LLC, represented by Swift & Associates, Pllc. The offering plan runs 230 pages. The sponsor has filed 1 amendment, the latest in December 2002. The nearest other condo plan on file is 32-16 137 Street Condominium, next door.

Plan CD020140 · New · accepted Nov 6, 2002 · AG record ↗

Compare

FigureThis building1State Tower218 units · 0.6 miaccepted 2004Happy Buddha Tower320 units · 0.4 miaccepted 2005
Average Offering PricePer Apartment$208,333Lowest$292,300$297,660

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Unit mix, closings, budgets, finishes and the team, against State Tower and Happy Buddha Tower, 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 closed78% of the homes in Schedule A14 of 18
Closing prices vs. Schedule A14 homes: $2,722,500 at closing against $2,940,000 in Schedule A (p. 18)−7.4%
Closingsfirst and latest recordedJul 21, 2003 – Oct 29, 2014

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 14 closings
HomeRecordedClosing priceSchedule ADifference
D1Jul 21, 2003$172,380$180,000 p. 18−4.2%
A2Jul 31, 2003$132,373$200,000 p. 18−33.8%
A3Jul 31, 2003$224,015$260,000 p. 18−13.8%
F1Aug 12, 2003$121,680$180,000 p. 18−32.4%
F2Aug 12, 2003$131,820$190,000 p. 18−30.6%
F3Aug 12, 2003$202,800$250,000 p. 18−18.9%
C3Oct 15, 2003$256,563$250,000 p. 18+2.6%
E1Oct 16, 2003$152,738$180,000 p. 18−15.1%
E2Oct 16, 2003$162,920$190,000 p. 18−14.3%
E3Oct 16, 2003$274,928$250,000 p. 18+10%
C1Nov 5, 2003$154,538$180,000 p. 18−14.1%
C2Dec 31, 2003$195,748$190,000 p. 18+3%
D2Sep 7, 2007$175,000$190,000 p. 18−7.9%
D3Oct 29, 2014$365,000$250,000 p. 18+46%

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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
Linden Plaza Realty, LLC
Principals
George Xu, Jiashu Xu

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

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