THE CONDO BOOK PROJECT

Prince Center Condominium

39-07 Prince Street, Queens, NY 11354

Overview

Units
0 residential · 47 commercial
Subway
2 min walk to Flushing-Main St 7
Principals
Sunny Chiu, Christian Lee
Offering price
$31.6 million total

The sponsor of record is Two Corners Inc., represented by Swift & Associates, Pllc. The offering plan runs 274 pages. The sponsor has filed 2 amendments, the latest in May 2002. The nearest other condo plan on file is One Fulton Square Residential Condominium, next door.

Plan CD010196 · New · accepted Jan 30, 2002 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A9 of 9
Closing prices vs. Schedule A4 homes: $6,537,168 at closing against $4,365,200 in Schedule A (p. 19)+49.8%
Closingsfirst and latest recordedDec 24, 2002 – Mar 2, 2020

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 10 closings
HomeRecordedClosing priceSchedule ADifference
1B+MBDec 24, 2002$935,467$888,800 p. 19+5.3%
1H+MHJan 16, 2003$824,200$1,188,800 p. 19−30.7%
1A+MAMar 27, 2003$977,501$928,800 p. 19+5.2%
1C+MCSep 3, 2008$4,000,000one deed, 2 homes$888,800 p. 19—
1D+MDSep 3, 2008$4,000,000one deed, 2 homes$1,348,800 p. 19—
SCACAMay 5, 2014$3,500,000——
1JApr 6, 2017$5,330,000——
CJApr 6, 2017$5,330,000——
MJApr 6, 2017$5,330,000——
1G+MGMar 2, 2020$3,800,000$1,358,800 p. 19+179.7%

Pro

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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
Two Corners Inc.
Principals
Sunny Chiu, Christian Lee

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

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