Novo I Lic A/K/A Moderna I Condominium
37-24 30th Street, Queens, NY 11101
Overview
- Units
- 32 residential · 16 parking
- Subway
- 4 min walk to 39 Av-Dutch Kills N W36 Av N W, 5 min
- Developers
- Park Construction Corp., Capri Construction Corp.
- Principals
- Bruno Cerrone, Robert Cerrone, Vincent Ali, Jr.
- Average $/sf
- $1,208Homes in Schedule A, as first offered
- Common charges
- $393–$690 a monthSponsor's first-year estimate in Schedule A, April 1, 2022 Through March 31, 2023
- Offering price
- $25.7 million total $24.6 million when first offered
- Floor plans
- Page 102 of the plan
The sponsor of record is 37-26 30th Street LLC, represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 447 pages. The sponsor has filed 7 amendments, the latest in February 2023. The nearest other condo plan on file is Novo Lic, next door.
Plan CD210071 · New · accepted Oct 5, 2021 · AG record ↗
Compare
| Figure | This building1 | Novo Lic233 units · 0 miaccepted 2021 | Lic Manor332 units · 0.4 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.73Above peers | $0.66 | $0.56 |
| Average Offering PricePer Apartment | $736,302Below peers | $745,249 | $823,641 |
| Average PricePer Square Foot | $1,208In line | $1,209 | $1,201 |
| Property TaxesPer Square Foot / Month | $0.16In line | $0.16 | $0.57 |
| Average Unit SizeSquare Feet | 610 SFSmaller | 616 SF | 686 SF |
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Unit mix, closings, budgets, finishes and the team, against Novo Lic and Lic Manor, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 32 of 32 |
| Closing prices vs. Schedule A32 homes: $25,216,810 at closing against $23,561,652 in Schedule A (p. 51) | +7% |
| Average closing price32 homes, on their Schedule A square feet | $1,293 / SF |
| Closingsfirst and latest recorded | May 24, 2023 – Aug 18, 2023 |
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 47 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 6C | May 24, 2023 | $788,000 | $763,152 p. 51 | +3.3% |
| 2A | May 25, 2023 | $720,000 | $734,625 p. 51 | −2% |
| 6E | May 25, 2023 | $720,000 | $715,990 p. 51 | +0.6% |
| 2 | May 26, 2023 | $865,000 | — | — |
| 4E | May 26, 2023 | $700,000 | $682,596 p. 51 | +2.5% |
| 5A | May 26, 2023 | $865,000 | $777,070 p. 51 | +11.3% |
| 4B | May 31, 2023 | $738,000 | $679,668 p. 51 | +8.6% |
| 7A | May 31, 2023 | $1,150,000 | $1,033,518 p. 51 | +11.3% |
| 13 | May 31, 2023 | $1,150,000 | — | — |
| 16 | May 31, 2023 | $738,000 | — | — |
| 3D | Jun 1, 2023 | $720,000 | $654,500 p. 51 | +10% |
| 10 | Jun 1, 2023 | $720,000 | — | — |
| 2D | Jun 12, 2023 | $650,000 | $632,500 p. 51 | +2.8% |
| 3C | Jun 12, 2023 | $735,000 | $717,600 p. 51 | +2.4% |
| 4D | Jun 12, 2023 | $753,000 | $664,950 p. 51 | +13.2% |
| 5 | Jun 12, 2023 | $753,000 | — | — |
| 3A | Jun 13, 2023 | $760,000 | $750,950 p. 51 | +1.2% |
| 6F | Jun 13, 2023 | $834,965 | $766,250 p. 51 | +9% |
| 7 | Jun 13, 2023 | $834,965 | — | — |
| 4F | Jun 14, 2023 | $773,870 | $720,275 p. 51 | +7.4% |
| 5C | Jun 14, 2023 | $789,144 | $748,176 p. 51 | +5.5% |
| 5F | Jun 14, 2023 | $825,000 | $733,148 p. 51 | +12.5% |
| 12 | Jun 14, 2023 | $825,000 | — | — |
| 5B | Jun 16, 2023 | $710,000 | $695,386 p. 51 | +2.1% |
| 2F | Jun 20, 2023 | $700,000 | $689,625 p. 51 | +1.5% |
| 1 | Jun 21, 2023 | $775,000 | — | — |
| 5D | Jun 21, 2023 | $772,000 | $674,850 p. 51 | +14.4% |
| 6 | Jun 21, 2023 | $875,000 | — | — |
| 6A | Jun 21, 2023 | $875,000 | $790,783 p. 51 | +10.6% |
| 6B | Jun 21, 2023 | $721,000 | $715,440 p. 51 | +0.8% |
| 6D | Jun 21, 2023 | $775,000 | $695,200 p. 51 | +11.5% |
| 9 | Jun 21, 2023 | $772,000 | — | — |
| 2C | Jun 22, 2023 | $765,000 | $702,000 p. 51 | +9% |
| 3E | Jun 22, 2023 | $689,000 | $674,106 p. 51 | +2.2% |
| 8 | Jun 22, 2023 | $765,000 | — | — |
| 4 | Jun 26, 2023 | $850,000 | — | — |
| 4A | Jun 26, 2023 | $850,000 | $764,010 p. 51 | +11.3% |
| 3F | Jun 27, 2023 | $790,000 | $704,950 p. 51 | +12.1% |
| 14 | Jun 27, 2023 | $790,000 | — | — |
| 2B | Jun 30, 2023 | $734,072 | $659,072 p. 51 | +11.4% |
| 3 | Jun 30, 2023 | $734,072 | — | — |
| 5E | Jul 11, 2023 | $717,000 | $697,878 p. 51 | +2.7% |
| 2E | Jul 12, 2023 | $680,000 | $668,446 p. 51 | +1.7% |
| 3B | Jul 12, 2023 | $701,574 | $671,538 p. 51 | +4.5% |
| 4C | Jul 21, 2023 | $810,000 | $733,200 p. 51 | +10.5% |
| 11 | Jul 21, 2023 | $810,000 | — | — |
| 7B | Aug 18, 2023 | $1,405,185 | $1,250,200 p. 51 | +12.4% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 37-26 30th Street LLC
- Developers
- Park Construction Corp., Capri Construction Corp.
- Principals
- Bruno Cerrone, Robert Cerrone, Vincent Ali, Jr.
- Tax estimate
- SJP Tax Consultants, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Investors Bank
From our research: Do NYC Developers Rehire the Same Firms?
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