THE CONDO BOOK PROJECT

Cmx Tower Condominium

40-21 27th Street, Queens, NY 11101

Overview

Units
9 residential · 4 parking · 3 commercial
Subway
4 min walk to Queensboro Plaza 7 N WQueens Plaza E F R, 6 min
Developers
All State 12 General Contracting, KJK Electric Inc.
Principals
Adolfo Rojo, Zheng Li
Average $/sf
$1,491Homes in Schedule A, as first offered
Common charges
$298–$596 a monthSponsor's first-year estimate in Schedule A, June 1, 2025 to May 31, 2026
Offering price
$14 million total $13.4 million when first offered

The sponsor of record is Cmx Alliance LLC, represented by Kevin Kerveng Tung, P.C.. The offering plan runs 406 pages. The sponsor has filed 3 amendments, the latest in August 2026. The nearest other condo plan on file is 27-05 Condominium, next door.

Plan CD240284 · New · accepted May 27, 2025 · AG record ↗

Compare

FigureThis building1Sunny View210 units · 1.3 miaccepted 202532 North37 units · 1.2 miaccepted 2025
Common ChargesPer Square Foot / Month$0.51Below peers$0.54$0.67
Average Offering PricePer Apartment$1.28MHighest$928,000$816,286
Average PricePer Square Foot$1,491Highest$1,099$1,170
Property TaxesPer Square Foot / Month$1.46Highest$0.85$0.67
Average Unit SizeSquare Feet859 SFLarger844 SF698 SF

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Unit mix, closings, budgets, finishes and the team, against Sunny View and 32 North, 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 closed89% of the homes in Schedule A8 of 9
Closing prices vs. Schedule A8 homes: $10,080,576 at closing against $10,535,000 in Schedule A (p. 42)−4.3%
Average closing price8 homes, on their Schedule A square feet$1,439 / SF
Closingsfirst and latest recordedDec 15, 2025 – Jul 8, 2026

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 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 8 closings
HomeRecordedClosing priceSchedule ADifference
5BDec 15, 2025$1,365,000$1,365,000 p. 420%
4ADec 18, 2025$1,374,638$1,360,000 p. 42+1.1%
6ADec 22, 2025$903,951$960,000 p. 42−5.8%
6BJan 6, 2026$820,000$875,000 p. 42−6.3%
4BFeb 18, 2026$1,374,638$1,350,000 p. 42+1.8%
3BMar 20, 2026$1,631,500$1,750,000 p. 42−6.8%
3AJun 30, 2026$1,376,950$1,500,000 p. 42−8.2%
5AJul 8, 2026$1,233,900$1,375,000 p. 42−10.3%

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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
Cmx Alliance LLC
Developers
All State 12 General Contracting, KJK Electric Inc.
Principals
Adolfo Rojo, Zheng Li
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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

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