THE CONDO BOOK PROJECT

Sanvito Homes Condominium

35-12,35-14,35-16,35-18 31st Street, Queens, NY 11106

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Overview

Units
12 residential · 13 parking
Subway
2 min walk to 36 Av N WBroadway N W, 7 min
Principals
Antonio Disaverio
Offering price
$6.88 million total

The sponsor of record is Sanvito Realty Holding Corp., represented by Harold L. Gruber, P.C.. The offering plan runs 188 pages. The sponsor has filed 2 amendments, the latest in September 2009. The nearest other condo plan on file is Santorini Condominium, next door.

Plan CD080141 · New · accepted Jul 31, 2008 · AG record ↗

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FigureThis building1The Ria Condominiums27 units · 0.8 miaccepted 2009Arista 35322 units · 1 miaccepted 2009
Average Offering PricePer Apartment$572,917Above peers$522,143$531,091

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Unit mix, closings, budgets, finishes and the team, against The Ria Condominiums and Arista 35, 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.

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
Sanvito Realty Holding Corp.
Principals
Antonio Disaverio
Tax estimate
Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection

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

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