THE CONDO BOOK PROJECT

40-46 24th Street Condominium

40 - 46 24th Street, Queens, NY 11101

Overview

Units
42 residential · 21 parking · 8 storage · 2 commercial
Subway
4 min walk to 21 St-Queensbridge MQueensboro Plaza 7 N W, 4 min
Principals
Jasper Wu
Average $/sf
$1,375Homes in Schedule A, as first offered
Common charges
$272–$1,047 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 - December 31, 2025
Offering price
$53 million total

The sponsor of record is 23-17 41 Ave Holding LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 362 pages. The sponsor has filed 4 amendments, the latest in December 2024. The nearest other condo plan on file is Bridgeview Tower Condominium, next door.

Plan CD230169 · New · accepted Oct 11, 2023 · AG record ↗

Compare

FigureThis building1Lucent 33264 units · 0.5 miaccepted 2023Oasis Astoria352 units · 1.1 miaccepted 2024
Common ChargesPer Square Foot / Month$0.76In line$0.99$0.41
Average Offering PricePer Apartment$973,690In line$936,867$987,277
Average PricePer Square Foot$1,375In line$1,344$1,396
Property TaxesPer Square Foot / Month$1.07In line$1.11$0.82
Average Unit SizeSquare Feet708 SFLarger697 SF707 SF

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Unit mix, closings, budgets, finishes and the team, against Lucent 33 and Oasis Astoria, 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 closed98% of the homes in Schedule A41 of 42
Closing prices vs. Schedule A41 homes: $44,314,098 at closing against $40,255,000 in Schedule A (p. 51)+10.1%
Average closing price41 homes, on their Schedule A square feet$1,512 / SF
Closingsfirst and latest recordedDec 10, 2024 – Aug 22, 2025

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 41 closings
HomeRecordedClosing priceSchedule ADifference
3HDec 10, 2024$926,608$815,000 p. 51+13.7%
3CDec 18, 2024$1,369,546$1,195,000 p. 51+14.6%
5DDec 18, 2024$1,369,546$1,190,000 p. 51+15.1%
5EDec 18, 2024$1,362,319$1,235,000 p. 51+10.3%
3FDec 30, 2024$929,858$815,000 p. 51+14.1%
3GJan 6, 2025$911,334$800,000 p. 51+13.9%
4DJan 8, 2025$1,232,083$1,180,000 p. 51+4.4%
2DJan 9, 2025$814,600$760,000 p. 51+7.2%
2GJan 9, 2025$901,151$795,000 p. 51+13.4%
PHCJan 9, 2025$1,832,850$1,605,000 p. 51+14.2%
3JJan 10, 2025$666,004$540,000 p. 51+23.3%
2CJan 13, 2025$1,293,178$1,185,000 p. 51+9.1%
5JJan 15, 2025$625,000$545,000 p. 51+14.7%
3BJan 17, 2025$941,881$860,000 p. 51+9.5%
5FJan 17, 2025$941,881$830,000 p. 51+13.5%
4JJan 21, 2025$621,133$545,000 p. 51+14%
4IJan 23, 2025$987,703$885,000 p. 51+11.6%
2FJan 24, 2025$901,151$805,000 p. 51+11.9%
5CJan 24, 2025$1,326,725$1,210,000 p. 51+9.6%
5HJan 24, 2025$952,064$830,000 p. 51+14.7%
3IFeb 6, 2025$977,520$875,000 p. 51+11.7%
5IFeb 7, 2025$985,000$895,000 p. 51+10.1%
4GFeb 13, 2025$921,516$810,000 p. 51+13.8%
3EFeb 19, 2025$1,333,908$1,225,000 p. 51+8.9%
4BFeb 24, 2025$940,000$870,000 p. 51+8%
3DMar 7, 2025$1,221,900$1,170,000 p. 51+4.4%
4AMar 7, 2025$660,000$560,000 p. 51+17.9%
4CMar 12, 2025$1,395,003$1,200,000 p. 51+16.3%
4EMar 31, 2025$1,354,273$1,235,000 p. 51+9.7%
4HMar 31, 2025$936,790$825,000 p. 51+13.6%
4FApr 2, 2025$936,790$820,000 p. 51+14.2%
5AApr 3, 2025$1,578,288$1,465,000 p. 51+7.7%
2EApr 9, 2025$994,300$950,000 p. 51+4.7%
3AApr 11, 2025$644,748$555,000 p. 51+16.2%
3KApr 11, 2025$700,751$630,000 p. 51+11.2%
5GApr 11, 2025$939,790$815,000 p. 51+15.3%
PHAApr 11, 2025$1,670,000$1,635,000 p. 51+2.1%
PHBApr 16, 2025$1,812,485$1,665,000 p. 51+8.9%
2HMay 2, 2025$919,425$845,000 p. 51+8.8%
4KJul 15, 2025$695,000$635,000 p. 51+9.4%
PHDAug 22, 2025$1,790,000$1,950,000 p. 51−8.2%

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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
23-17 41 Ave Holding LLC
Principals
Jasper Wu
Tax estimate
Highpoint Incentive Inc.Prepared the first-year real estate tax projection
Construction lender
Bridgecity Hilltop$27 million recorded

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

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