THE CONDO BOOK PROJECT

4115 39 Place Condominium

4115 39 Place, Queens, NY 11104

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Overview

Units
3 residential · 2 parking
Subway
5 min walk to 40 St-Lowery St 733 St-Rawson St 7, 10 min
Principals
Eduard Katanov, Michael Davydov
Average $/sf
$1,429Homes in Schedule A, as first offered
Common charges
$381–$708 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 To June 30, 2025
Offering price
$4.75 million total $4.72 million when first offered

The sponsor of record is Mas 92 LLC, represented by Eial Girtz, PC. The offering plan runs 304 pages. The sponsor has filed 1 amendment, the latest in April 2025. The nearest other condo plan on file is 4113 39 Place Condominium, next door.

Plan CD230286 · New · accepted Apr 23, 2024 · AG record ↗

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FigureThis building14113 39 Place23 units · 0 miaccepted 2024Star-Lic 233 units · 1.7 miaccepted 2023
Common ChargesPer Square Foot / Month$0.54Below peers$0.60$0.98
Average Offering PricePer Apartment$1.51MIn line$1.32M$2.43M
Average PricePer Square Foot$1,429In line$1,392$1,460
Property TaxesPer Square Foot / Month$0.48In line$0.44$0.64
Average Unit SizeSquare Feet1,055 SFIn line949 SF1,665 SF

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Unit mix, closings, budgets, finishes and the team, against 4113 39 Place and Star-Lic 2, 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 A3 of 3
Closing prices vs. Schedule A3 homes: $3,376,353 at closing against $4,522,000 in Schedule A (p. 45)−25.3%
Average closing price3 homes, on their Schedule A square feet$1,067 / SF
Closingsfirst and latest recordedMar 24, 2025 – Sep 2, 2025

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 3 closings
HomeRecordedClosing priceSchedule ADifference
2Mar 24, 2025$1,191,353$1,349,000 p. 45−11.7%
3Aug 5, 2025$1,085,000$1,574,000 p. 45−31.1%
1Sep 2, 2025$1,100,000$1,599,000 p. 45−31.2%

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Closings are for subscribers

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
Mas 92 LLC
Principals
Eduard Katanov, Michael Davydov
Tax estimate
Korngold Powers LLPPrepared the first-year real estate tax projection

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

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