THE CONDO BOOK PROJECT

Core 23

41-21 23rd Street, Queens, NY 11101

Overview

Units
29 residential
Subway
4 min walk to 21 St-Queensbridge MQueensboro Plaza 7 N W, 4 min
Principals
Afshin Haghani, Amir Haghani, Daniel Haghani, Nejatollah Haghani, Omid Haghani, Rafi Haghani
Average $/sf
$1,136Homes in Schedule A, as first offered
Common charges
$390–$633 a monthSponsor's first-year estimate in Schedule A, For the Period of July 1, 2021 - June 30, 2022
Offering price
$24.5 million total

The sponsor of record is Park Plaza Associates, LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 336 pages. The sponsor has filed 7 amendments, the latest in October 2023. The nearest other condo plan on file is Q41 Residential Condominium, next door.

Plan CD190340 · New · accepted Jan 13, 2021 · AG record ↗

Compare

FigureThis building1Lic Manor232 units · 0.1 miaccepted 2020Crescent331 units · 0.2 miaccepted 2020
Common ChargesPer Square Foot / Month$0.70Above peers$0.56$0.63
Average Offering PricePer Apartment$734,828In line$823,641$712,232
Average PricePer Square Foot$1,136Below peers$1,201$1,290
Property TaxesPer Square Foot / Month$0.65In line$0.57$0.83
Average Unit SizeSquare Feet647 SFIn line686 SF552 SF

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Unit mix, closings, budgets, finishes and the team, against Lic Manor and Crescent, 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 closed100% of the homes in Schedule A29 of 29
Closing prices vs. Schedule A26 homes: $20,654,982 at closing against $18,530,000 in Schedule A (p. 35)+11.5%
Average closing price26 homes, on their Schedule A square feet$1,259 / SF
Closingsfirst and latest recordedOct 27, 2022 – Apr 25, 2024

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2025: 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 29 closings
HomeRecordedClosing priceSchedule ADifference
9AOct 27, 2022$1,165,896$1,070,000 p. 35+9%
6ANov 8, 2022$745,000$665,000 p. 35+12%
2CNov 10, 2022$758,596$610,000 p. 35+24.4%
4BNov 14, 2022$784,053$710,000 p. 35+10.4%
3ANov 15, 2022$700,556$635,000 p. 35+10.3%
4ANov 16, 2022$717,866$645,000 p. 35+11.3%
5CNov 16, 2022$738,231$640,000 p. 35+15.3%
8BNov 16, 2022$1,125,166——
4CNov 17, 2022$692,410$630,000 p. 35+9.9%
3CNov 21, 2022$682,228$620,000 p. 35+10%
3DNov 22, 2022$687,319$595,000 p. 35+15.5%
5BNov 28, 2022$799,326$720,000 p. 35+11%
6BNov 30, 2022$789,144$730,000 p. 35+8.1%
6CNov 30, 2022$748,414$650,000 p. 35+15.1%
9BNov 30, 2022$1,170,988$1,055,000 p. 35+11%
2ADec 2, 2022$666,954$620,000 p. 35+7.6%
6DDec 8, 2022$717,866$625,000 p. 35+14.9%
8CDec 13, 2022$753,505——
7CDec 20, 2022$743,323$675,000 p. 35+10.1%
5DJan 6, 2023$722,958$615,000 p. 35+17.6%
9CJan 13, 2023$763,688$685,000 p. 35+11.5%
2DJan 31, 2023$677,136$605,000 p. 35+11.9%
4DJan 31, 2023$682,228$605,000 p. 35+12.8%
7AMar 20, 2023$1,160,805$1,050,000 p. 35+10.6%
3BJun 5, 2023$755,000$700,000 p. 35+7.9%
2BJun 23, 2023$735,000$685,000 p. 35+7.3%
8AAug 21, 2023$1,140,000——
5AAug 31, 2023$740,000$655,000 p. 35+13%
7BApr 25, 2024$1,110,000$1,035,000 p. 35+7.2%

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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
Park Plaza Associates, LLC
Principals
Afshin Haghani, Amir Haghani, Daniel Haghani, Nejatollah Haghani, Omid Haghani, Rafi Haghani
Tax estimate
Astro Realty Brokerage LLCPrepared the first-year real estate tax projection
Construction lenders
Maspeth Federal Savings, Loan Association$7.8 million recorded

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

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