THE CONDO BOOK PROJECT

Flushing Commons

37-10 37th Avenue, Queens, NY 11354

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Overview

Units
148 residential · 1 parking · 35 storage · 75 commercial
Subway
4 min walk to Flushing-Main St 7
Developers
Rockefeller Group Development Corporation, AECOM Capital, Inc., TDC Development and Construction Corporation
Principals
Dermot B. Johnson, Frederic Sondik, Michael Meyer
Offering price
$416.2 million total $384.9 million when first offered

The sponsor of record is Flushing Commons Property Owner, LLC **, represented by Ganfer Shore Leeds & Zauderer, LLP. The offering plan runs 1,198 pages. The sponsor has filed 18 amendments, the latest in August 2022. The nearest other condo plan on file is Azure Tower Condominium, next door.

Plan CD150066 · New · accepted Aug 20, 2015 · AG record ↗

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FigureThis building1Tangram House South2192 units · 0.2 miaccepted 2017Elmhurst Plaza3138 units · 3.1 miaccepted 2017
Average Offering PricePer Apartment$2.6MHighest$1.11M$661,304

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Unit mix, closings, budgets, finishes and the team, against Tangram House South and Elmhurst Plaza, 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 closed100% of the homes in the plan148 of 148
Closingsfirst and latest recordedApr 21, 2017 – Aug 25, 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 258 closings
HomeRecordedClosing priceSchedule ADifference
OF4CApr 21, 2017$1,882,373——
RS5KApr 21, 2017$1,154,288——
OF10FApr 24, 2017$2,320,123——
OF3MApr 25, 2017$4,444,706——
OF3NApr 25, 2017$4,110,698——
RS8DApr 25, 2017$652,698——
OF10DApr 26, 2017$1,707,124——
OF10EApr 26, 2017$2,323,214——
RS5JApr 26, 2017$738,231——
RS7EApr 26, 2017$872,640——
RS5FApr 27, 2017$710,739——
RS10EApr 28, 2017$1,091,423——
OF3CMay 2, 2017$2,830,097——
OF4FMay 3, 2017$2,693,711——
OF7DMay 3, 2017$1,724,639——
OF7EMay 3, 2017$2,346,910——
OF8DMay 3, 2017$1,733,911——
OF6AMay 4, 2017$7,136,198one deed, 2 homes——
OF6BMay 4, 2017$7,136,198one deed, 2 homes——
RS5EMay 5, 2017$1,131,345——
RS6BMay 9, 2017$917,443——
RS9MMay 9, 2017$1,052,626——
RS10CMay 9, 2017$1,230,912——
OF3JMay 10, 2017$2,498,356——
RS8BMay 10, 2017$1,160,793——
RS7CMay 11, 2017$1,124,520——
RS9FMay 11, 2017$722,000——
RS10DMay 11, 2017$761,659——
OF3LMay 12, 2017$3,970,584——
OF12CMay 12, 2017$1,400,110——
RS9JMay 12, 2017$899,557——
RS12CMay 12, 2017$965,301——
RS13MMay 12, 2017$1,309,330——
OF12DMay 15, 2017$1,580,404——
RS6JMay 15, 2017$744,341——
RS8FMay 15, 2017$925,974——
OF5GMay 16, 2017$1,771,125——
RS9AMay 16, 2017$846,125——
RS13LMay 16, 2017$973,447——
OF13EMay 17, 2017$1,471,197——
OF3HMay 18, 2017$3,476,168——
RS7KMay 18, 2017$1,169,827——
RS10KMay 18, 2017$1,094,619——
RS11DMay 19, 2017$782,686——
RS13EMay 22, 2017$997,794——
RS11KMay 23, 2017$1,431,179——
RS12BMay 23, 2017$1,037,027——
RS4JMay 24, 2017$841,278——
RS7MMay 24, 2017$1,027,536——
OF6CMay 25, 2017$1,888,576——
RS6LMay 25, 2017$997,437——
RS7LMay 25, 2017$1,005,136——
OF2GMay 26, 2017$2,434,275——
OF8CMay 26, 2017$1,619,553——
RS7JMay 26, 2017$807,509——
RS13BMay 26, 2017$1,228,596——
RS9EMay 30, 2017$1,072,790——
RS11LMay 30, 2017$1,301,784——
RS12LMay 30, 2017$1,311,458——
RS6DMay 31, 2017$640,479——
RS9CMay 31, 2017$1,141,764——
RS10AMay 31, 2017$921,956——
RS5MJun 1, 2017$955,119——
OF9GJun 2, 2017$1,814,147——
RS7DJun 2, 2017$698,316——
RS8KJun 2, 2017$1,403,687——
RS10JJun 2, 2017$907,051——
OF2HJun 5, 2017$2,901,381——
OF9DJun 5, 2017$2,052,431——
OF10CJun 5, 2017$1,594,827——
OF11CJun 6, 2017$1,603,069——
RS10FJun 6, 2017$941,494——
RS14DJun 6, 2017$820,145——
14EJun 7, 2017$1,005,563——
OF3GJun 8, 2017$3,672,925——
OF7BJun 8, 2017$2,759,867——
RS6EJun 8, 2017$934,754——
RS10MJun 8, 2017$1,050,203——
2CJun 9, 2017$1,952,654——
5CJun 9, 2017$1,594,827——
OF2FJun 9, 2017$2,527,987——
RS5HJun 9, 2017$1,026,396——
RS4KJun 12, 2017$794,235——
RS6MJun 12, 2017$962,246——
RS12MJun 12, 2017$1,300,109——
RS12DJun 14, 2017$805,609——
OF5AJun 15, 2017$2,484,036——
OF13CJun 15, 2017$1,588,646——
OF13DJun 15, 2017$1,588,646——
RS8LJun 15, 2017$1,012,833——
RS8MJun 15, 2017$1,035,092——
3DJun 16, 2017$2,410,785——
3EJun 16, 2017$2,080,075——
OF2IJun 16, 2017$2,579,830——
RS8AJun 16, 2017$839,771——
RS11BJun 16, 2017$953,082——
RS11CJun 16, 2017$1,034,827——
OF9BJun 19, 2017$2,532,012——
RS12JJun 19, 2017$938,285——
OF3BJun 20, 2017$2,262,974——
RS7BJun 20, 2017$924,571——
RS12EJun 20, 2017$1,219,710——
S14CJun 20, 2017$1,267,814——
OF2EJun 22, 2017$2,365,784——
OF11EJun 23, 2017$2,335,577——
RS14KJun 23, 2017$1,458,954——
RS16KJun 23, 2017$1,484,609——
OF5EJun 26, 2017$2,323,214——
OF5FJun 26, 2017$2,320,123——
OF6FJun 26, 2017$2,727,972——
RS14AJun 26, 2017$844,129——
OF4BJun 27, 2017$2,729,157——
OF9EJun 28, 2017$2,732,361——
OF9FJun 28, 2017$2,769,941——
RS9LJun 28, 2017$1,020,531——
RS13KJun 28, 2017$1,216,442——
12BJun 29, 2017$2,199,584——
RS14MJun 29, 2017$1,019,268——
OF11DJun 30, 2017$1,715,366——
RS6FJun 30, 2017$716,848——
RS11MJun 30, 2017$1,290,888——
3FJul 6, 2017$1,424,836——
RS9BJul 6, 2017$1,169,673——
OF6EJul 10, 2017$2,335,577——
RS13AJul 11, 2017$838,020——
4BJul 12, 2017$1,235,501——
9CJul 12, 2017$1,911,358——
OF7CJul 12, 2017$1,891,077——
RS10GJul 12, 2017$1,407,629——
7AJul 13, 2017$2,505,827——
9AJul 13, 2017$2,549,407——
RS8JJul 13, 2017$882,453——
RS15CJul 13, 2017$1,922,456——
RS5DJul 14, 2017$685,119——
10BJul 17, 2017$2,730,938——
OF8BJul 17, 2017$2,469,509——
RS4DJul 17, 2017$832,726——
RS15AJul 17, 2017$1,830,814——
13FJul 18, 2017$1,767,909——
RS6GJul 18, 2017$1,363,640——
RS9GJul 18, 2017$1,303,156——
RS9KJul 18, 2017$1,087,491——
RS12FJul 18, 2017$813,785——
RS13FJul 19, 2017$759,615——
RS5CJul 20, 2017$915,407——
3AJul 21, 2017$3,353,589——
RS6HJul 21, 2017$1,033,524——
RS7HJul 21, 2017$1,134,310——
RS9HJul 21, 2017$1,328,382——
5BJul 24, 2017$2,208,537——
RS5AJul 24, 2017$789,144——
RS6AJul 24, 2017$795,253——
RS6CJul 24, 2017$1,115,898——
RS14JJul 24, 2017$793,217——
RS4LJul 26, 2017$1,229,843——
RS10HJul 26, 2017$1,319,686——
RS7FJul 27, 2017$780,794——
RS15GJul 27, 2017$1,718,806——
RS14BJul 28, 2017$974,465——
RS14LJul 28, 2017$980,575——
2AJul 31, 2017$1,537,128——
RS15KJul 31, 2017$1,535,317——
12EAug 3, 2017$1,719,013——
RS4HAug 8, 2017$1,515,156——
RS7AAug 9, 2017$833,417——
13BAug 10, 2017$2,210,917——
RS5LAug 10, 2017$916,425——
6DAug 11, 2017$2,040,686——
7GAug 11, 2017$1,799,806——
RS16EAug 15, 2017$995,646——
RS11JAug 16, 2017$930,945——
RS5GAug 17, 2017$1,352,644——
RS13DAug 21, 2017$812,877——
RS16GAug 24, 2017$1,606,596——
4DAug 25, 2017$1,689,610——
4EAug 25, 2017$2,299,518——
RS13CAug 25, 2017$1,050,223——
RS17KAug 28, 2017$1,524,084——
RS4FAug 29, 2017$954,012——
RS4GAug 29, 2017$1,831,785——
RS9DAug 31, 2017$711,512——
2JSep 1, 2017$3,584,652——
2KSep 1, 2017$3,522,220——
RS14FSep 1, 2017$826,983——
RS11ASep 5, 2017$858,833——
RS13GSep 6, 2017$1,679,765——
RS8HSep 7, 2017$1,301,972——
RS13HSep 8, 2017$1,180,927——
2DSep 14, 2017$1,440,053——
RS4ESep 15, 2017$934,244——
12FSep 19, 2017$1,759,667——
RS4CSep 22, 2017$1,299,084——
RS16HSep 26, 2017$3,096,498——
2BSep 27, 2017$2,095,118——
RS12HSep 28, 2017$1,086,230——
RS15ESep 28, 2017$861,949——
RS15MSep 29, 2017$2,105,741——
RS17MSep 29, 2017$1,995,567——
RS11HOct 5, 2017$1,408,256——
RS17COct 5, 2017$1,942,618——
8EOct 10, 2017$2,305,500——
8FOct 10, 2017$2,305,500——
RS16COct 10, 2017$1,868,000——
3IOct 12, 2017$3,079,417——
RS15HOct 12, 2017$3,144,356——
RS12KOct 17, 2017$1,440,437——
RS17HOct 18, 2017$2,482,494——
RS11GOct 27, 2017$1,654,118——
RS8EOct 30, 2017$1,149,302——
RS14GOct 31, 2017$1,705,315——
RS8CNov 6, 2017$936,970——
RS12GNov 10, 2017$1,429,663——
7FNov 16, 2017$2,742,360——
RS10BNov 17, 2017$1,200,566——
RS10LNov 17, 2017$1,277,062——
12CNov 20, 2017$1,580,404——
RS13JNov 21, 2017$860,421——
11ANov 28, 2017$3,755,438——
RS14HNov 29, 2017$1,436,421——
12ADec 15, 2017$3,488,427——
8ADec 20, 2017$3,923,192——
11FDec 21, 2017$2,575,625——
11BJan 8, 2018$2,443,753——
RS12AJan 23, 2018$915,335——
RS16MJan 24, 2018$2,044,443——
RS8GFeb 12, 2018$1,615,650——
5DFeb 14, 2018$2,039,673——
RS6KMar 22, 2018$1,272,813——
3KApr 26, 2018$2,913,547——
RS11EMay 31, 2018$1,120,075——
RS5BJun 15, 2018$910,316——
4ADec 18, 2018$2,462,246——
3PJan 25, 2019$4,378,563——
10AJun 3, 2019$3,702,162——
13ASep 19, 2019$3,821,425——
16ASep 26, 2019$2,300,000——
17COct 28, 2019$1,750,000——
13HNov 21, 2019$1,348,750——
RETFeb 27, 2020$42,000,000——
8DMay 29, 2020$690,000——
7DSep 15, 2020$1,800,000——
10GSep 25, 2020$1,590,000——
8MDec 31, 2020$999,000——
PRKSep 17, 2021$16,000,000——
9DOct 12, 2021$726,000——
8LOct 13, 2021$998,000——
13EOct 19, 2021$1,650,000——
7MNov 8, 2021$992,800——
10CFeb 28, 2022$2,100,000——
11KApr 15, 2022$1,450,000——
4GSep 29, 2022$1,558,000——
11DJul 9, 2024$1,950,000——
6BMay 9, 2025$1,050,000——
14JOct 20, 2025$838,000——
10FNov 19, 2025$790,000——
4CJan 27, 2026$2,160,000——
8GApr 3, 2026$1,328,250——
16KAug 25, 2026$1,250,000——

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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
Flushing Commons Property Owner, LLC **
Developers
Rockefeller Group Development Corporation, AECOM Capital, Inc., TDC Development and Construction Corporation
Principals
Dermot B. Johnson, Frederic Sondik, Michael Meyer
Tax estimate
Marcus & Pollack, LLPPrepared the first-year real estate tax projection
Construction lender
SPT TLB BB Holdings$241.9 million loan stated in the plan

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

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