THE CONDO BOOK PROJECT

Daffodil Condominium

40-47 97th Street, Queens, NY 11368

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Overview

Units
15 residential · 7 parking
Subway
3 min walk to Junction Blvd 7103 St-Corona Plaza 7, 8 min
Principals
Haniph Mohammed
Offering price
$8.65 million total

The sponsor of record is 40-47 97th Street LLC, represented by Paley Group, P.C., Attorneys At Law. The offering plan runs 339 pages. The sponsor has filed 1 amendment, the latest in February 2024. The nearest other condo plan on file is Tam'S Condominium, next door.

Plan CD220178 · New · accepted Mar 9, 2023 · AG record ↗

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FigureThis building1105-25 65 Road218 units · 1.5 miaccepted 2022Splendid Tower317 units · 0.3 miaccepted 2024
Average Offering PricePer Apartment$576,600In line$579,444$508,471

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Unit mix, closings, budgets, finishes and the team, against 105-25 65 Road and Splendid Tower, 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.

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
40-47 97th Street LLC
Principals
Haniph Mohammed
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection

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

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