THE CONDO BOOK PROJECT

Prince

33-71 Prince Street, Queens, NY 11354

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Overview

A 120-unit condo on floors 6 to 15 of a 16-story Flushing building, above a 208-room hotel and a 189-space attended garage. The four commercial units, which the sponsor kept, get four of the seven board seats.

  • Address: 33-71 Prince Street, Flushing, Queens (Block 4949, Lot 46)
  • Plan: CD220101, accepted for filing in February 2023
  • Residences: 120 on floors 6 to 15 of a building about 162 feet tall. Each floor has two one-bedrooms of about 450 to 470 square feet and ten two-bedroom, two-bath homes of about 710 to 780 square feet. Unit 15J is a three-bedroom duplex of about 2,150 square feet with about 960 square feet of balcony and terrace. Most homes have a balcony of about 50 to 75 square feet.
  • Other units: a community facility unit, a 208-room hotel unit, a 189-space attended parking unit and a retail unit. None were offered for sale.
  • Parking and storage: at least 84 garage spaces are reserved for residents at market rates. There's a 75-space bike room, rented to residents, and no storage units.
  • First offering: 120 residences at about $110.4 million in total. One-bedrooms ran from about $542,000 to $643,000, two-bedrooms from about $859,000 to $1.05 million, and the duplex was $2.42 million (sponsor offering prices, not sales).

Compare

FigureThis building135th269 units · 0 miaccepted 2023Flushing Garden3131 units · 0.8 miaccepted 2021
Common ChargesPer Square Foot / Month$0.78Highest$0.45$0.58
Average Offering PricePer Apartment$920,159Highest$687,197$656,794
Average PricePer Square Foot$1,298Highest$1,100$1,056
Property TaxesPer Square Foot / Month$0.92Highest$0.39$0.68
Average Unit SizeSquare Feet709 SFLarger625 SF622 SF

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Unit mix, closings, budgets, finishes and the team, against 35th and Flushing Garden, 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 closed17% of the homes in Schedule A20 of 120
Closing prices vs. Schedule A20 homes: $12,870,559 at closing against $13,799,080 in Schedule A (p. 51, p. 52, p. 53, p. 54)−6.7%
Average closing price20 homes, on their Schedule A square feet$1,227 / SF
Closingsfirst and latest recordedNov 24, 2025 – Jul 10, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 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 20 closings
HomeRecordedClosing priceSchedule ADifference
8HNov 24, 2025$754,523$927,220 p. 51−18.6%
14LMar 11, 2026$567,875$612,460 p. 53−7.3%
12AApr 23, 2026$608,914$628,785 p. 53−3.2%
9AApr 29, 2026$625,872$614,655 p. 52+1.8%
8AMay 4, 2026$590,585$609,945 p. 51−3.2%
15LMay 8, 2026$571,996$616,980 p. 54−7.3%
15EMay 18, 2026$983,897$1,026,480 p. 54−4.1%
9LMay 19, 2026$546,858$589,860 p. 52−7.3%
10LMay 19, 2026$551,081$594,380 p. 52−7.3%
11LMay 19, 2026$555,305$598,900 p. 52−7.3%
12LMay 19, 2026$559,426$603,420 p. 53−7.3%
13LMay 19, 2026$563,651$607,940 p. 53−7.3%
14FMay 19, 2026$899,513$970,180 p. 53−7.3%
14GMay 19, 2026$899,513$970,180 p. 53−7.3%
11GMay 27, 2026$771,834$948,700 p. 52−18.6%
6AJun 15, 2026$558,249$565,200 p. 51−1.2%
6LJun 15, 2026$535,730$542,400 p. 51−1.2%
7AJun 22, 2026$616,282$605,235 p. 51+1.8%
7LJun 23, 2026$533,127$580,820 p. 51−8.2%
8LJul 10, 2026$576,330$585,340 p. 51−1.5%

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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

What It Costs to Run

The sponsor projected a first-year budget (July 2024 to June 2025) of about $1.25 million. Residents pay about $799,000 of it, the hotel about $244,000, the garage about $127,000, the community facility about $43,000 and retail about $39,000. Here's how that works out in monthly common charges, per Schedule A:

  • About $355 to $370 a month for one-bedrooms.
  • About $555 to $610 a month for two-bedrooms.
  • About $1,710 a month for the 15J duplex.
  • First-year taxes add about $420 to $720 a month (about $2,000 for 15J), based on a pre-completion assessment.

Notable lines:

  • Utilities: about $208,000 for common electricity, about $85,000 for gas (all paid by residents) and about $130,000 for water and sewer (all paid by residents).
  • Insurance: $130,000, mostly charged to the hotel and garage.
  • Management fee: $93,600 to Capital Home Realty, which the plan says isn't affiliated with the sponsor. Residents pay 75% of it. The same firm reviewed the budget as the sponsor's budget expert.
  • Reserve: about $125,000, of which residents pay about $43,000.

Good to know: at closing you pay one month of common charges into working capital and another month into the reserve fund (see working capital and reserve funds). For context, see why operating costs differ, property tax estimates and our common charge benchmarks.

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

The Building

Finishes

Every home gets the same finish package (compare with our NYC condo finishes guide).

Kitchen

  • Bosch appliances: a gas range, a built-in refrigerator and a dishwasher (see kitchen appliance brands).
  • A Cyber hood vented outside, a Delta faucet and an undermount stainless sink.
  • Sunrise cabinets, City Quartz countertops and a tile backsplash.
  • Cooking gas is metered for the whole building and paid through common charges (see gas vs. induction).

Baths

  • TOTO Ultramax II toilets, Kohler Villager tubs, Kohler sinks and Kohler shower fittings.
  • Porcelain tile floors, partly tiled walls, and a vanity with a lighted medicine cabinet.

See how these names rank in our bathroom brands guide.

Floors, Ceilings and Windows

  • 5/8-inch European white oak engineered floors from Wego International Floors in living rooms, kitchens and bedrooms, installed without an underlayment. The finish schedule lists carpet for hallways.
  • Ceilings are about 8 feet in most rooms and about 7 feet 6 inches in kitchens and baths.
  • Fixed and awning windows with double-glazed, thermally broken aluminum frames by Shenyang Yuanda, set in a curtain-wall facade.
  • Walls between apartments are rated STC 56 (see soundproofing).

Laundry, Heating and Cooling

  • Every home has a stacked Bosch washer and a ventless Bosch dryer. The dryer has to be ventless because the building has no dryer exhaust (see in-unit laundry).
  • Mitsubishi heat pumps provide ducted heating and cooling, with 2.5-ton units for one-bedrooms and 3-ton units for two-bedrooms. The outdoor units sit on the 16th floor and roof and carry a 10-year manufacturer warranty.
  • Four gas-fired American water heaters on the 16th floor supply hot water to all the homes (see hot water heaters).
  • You pay for your own electricity. Water, hot water and cooking gas are in common charges (see who pays utilities).

Amenities, Staffing & Transportation

The resident amenities are mostly outdoor space (compare with amenities by building size).

Outdoor Space

  • A rear yard of about 10,654 square feet for residents only, reached through a door off the 2nd-floor corridor.
  • Resident terraces on the 2nd and 6th floors, paved with rubber pavers.
  • Balconies with glass-panel railings on most homes.

Lobby and Lower Levels

  • A residential lobby with a reception desk and a package room behind it.
  • A bike room for 75 bikes on the first sub-cellar level. Spaces are rented to residents, and the fees go into the reserve.
  • Two residential elevators, separate from the hotel's elevators.

Good to know: the plan lists no gym, pool or lounge for residents. A fitness center in the cellar is listed as hotel space. The sponsor has 24 months after the first closing to finish the common areas, and you get no credit if they aren't ready when you close.

Staffing and Services

The condo won't have its own employees. A third-party contractor will supply:

  • Two doormen.
  • A superintendent who cleans the common areas and sidewalk and takes out the trash.

Labor is budgeted at about $371,000, and residents pay 70% of it (about $259,000). The hotel pays 15%, and the other commercial units pay 5% each. The building has no backup generator, which the plan says the code doesn't require. Our doorman cost guide puts these numbers in context.

Transportation

  • Subway: 9 min walk to Flushing-Main St 7

Fine Print

What's Specific to It

  • A hotel underneath: a 208-room hotel fills floors 1 to 5 and part of the cellar, with its own entrance, lobby and elevators. The sponsor hadn't signed anyone to lease or operate it when the plan was filed.
  • The commercial owners outvote residents on the board: after the sponsor's control period, the board has seven seats. The community facility, hotel, parking and retail units each appoint one, and residential owners elect three.
  • Residents carry most of the budget: the homes hold about 29% of the building's common interest but pay about 64% of the first-year budget, including all of the building's water and gas costs.
  • A garage you rent, not buy: the garage owner must set aside at least 84 of its 189 attended spaces for residents, at market rates. Parking isn't sold with the homes.
  • Outdoor space instead of a gym: residents get a rear yard of about 10,654 square feet and terraces on the 2nd and 6th floors. There's no gym, pool or common laundry room, and the plan provides no furniture for the outdoor areas.
  • Taxes expected to jump: the plan projects residential taxes rising from about $942,000 in 2024/25 to about $1.35 million in 2025/26 once the finished building is assessed. It also says the building won't get the city's condo tax abatement unless building workers are paid prevailing wages.

The Prince stands at the corner of Prince Street and 35th Avenue in Flushing, Queens, where the 7 train stops at Main Street and the Q25, Q34 and Q50 buses run nearby. Its offering plan tells you who shares the building, what's in the apartments and how the costs are split.

Fine Print Worth Knowing

  • The sponsor can rent instead of sell: it keeps the unconditional right to rent and promises only to try to sell 15% of the homes (18 units). The plan warns that owner-occupants may never control the board and that lenders may hesitate.
  • Commercial owners' rights: the hotel, garage, retail and community facility units can be altered, subdivided or switched to any lawful use without the board's consent. The plan lists examples from a pharmacy or laundromat to a school or house of worship.
  • No resale ads for a year: you can't list or advertise your home for sale or rent before closing or for a year after.
  • Closing costs: buyers pay the city and state transfer taxes, a $1,600 fee plus $250 for ACRIS filing to the sponsor's attorneys, and 0.0438% of the balance per day if a closing is delayed through no fault of the sponsor. The purchase isn't contingent on financing.
  • Environmental cleanup: the site was cleaned up to the city's Track 2 residential standard, a state spill case was closed in October 2021, and a vapor barrier sits under the foundation.
  • No warranty beyond the plan: the sponsor won't warrant materials or workmanship beyond building to the plans. You have 6 months after closing to report visible defects and 12 months for hidden ones.
  • House rules: up to two dogs or cats per home. Smoking is banned in indoor common areas but allowed inside apartments.

Team

The plan doesn't name an interior designer or a selling agent.

Nearby

FAQ

Does The Prince have a gym or pool?

No. The plan lists no gym, pool or lounge for residents. The resident amenities are a rear yard of about 10,654 square feet, terraces on the 2nd and 6th floors, a rentable bike room and a package room. A cellar fitness center is listed as hotel space.

Is there parking at The Prince?

Yes, but it isn't sold with the homes. A separately owned attended garage has 189 spaces in the two sub-cellars, and at least 84 of them must be offered to residents at market rates.

Will residents share the building with the hotel?

The 208-room hotel on floors 1 to 5 has its own entrance, lobby and elevators, and the plan says residents won't share space with it. The hotel owner does appoint one of the seven board members and pays about $244,000 of the first-year budget.

Where this comes from: the building's offering plan (CD220101) as filed with the New York Attorney General, including its Special Risks, Description of Property and Improvements, Non-Residential Units, Schedules A and B, Board of Managers, Identity of Parties and the architect's Description of Property and Specifications. Prices are the sponsor's offering prices, not sales, and budget figures are the sponsor's first-year projections. Later amendments may change them. Updated October 2026.