THE CONDO BOOK PROJECT

42-08 Bowne Street Condominium

42-08 Bowne Street, Queens, NY 11355

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Overview

Units
10 residential · 1 parking · 2 commercial
Subway
10 min walk to Flushing-Main St 7
Principals
Meiyun Chen, Le Miao Cai
Average $/sf
$1,143Homes in Schedule A, as first offered
Common charges
$220–$478 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 to December 31, 2023
Offering price
$9.07 million total

The sponsor of record is Winz Tower LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 321 pages. The sponsor has filed 2 amendments, the latest in May 2023. The nearest other condo plan on file is Flushing Century Mansion Condominium, next door.

Plan CD220128 · New · accepted Dec 9, 2022 · AG record ↗

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FigureThis building1Barclay I Tower A/K/A Barclay I Plaza210 units · 0.6 miaccepted 2023Lian Feng311 units · 0.4 miaccepted 2023
Common ChargesPer Square Foot / Month$0.68Above peers$0.67$0.47
Average Offering PricePer Apartment$592,500Lowest$815,800$846,350
Average PricePer Square Foot$1,143In line$1,270$955
Property TaxesPer Square Foot / Month$0.46Lowest$0.58$1.04
Average Unit SizeSquare Feet518 SFSmallest643 SF886 SF

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Unit mix, closings, budgets, finishes and the team, against Barclay I Tower A/K/A Barclay I Plaza and Lian Feng, 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 closed20% of the homes in Schedule A2 of 10
Closing prices vs. Schedule A2 homes: $830,000 at closing against $880,000 in Schedule A (p. 40)−5.7%
Average closing price2 homes, on their Schedule A square feet$1,039 / SF
Closingsfirst and latest recordedApr 26, 2023 – Sep 22, 2025

Sales recorded with the Department of Finance (ACRIS) through Oct 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 2 closings
HomeRecordedClosing priceSchedule ADifference
2AApr 26, 2023$380,000$390,000 p. 40−2.6%
2BSep 22, 2025$450,000$490,000 p. 40−8.2%

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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
Winz Tower LLC
Principals
Meiyun Chen, Le Miao Cai
Tax estimate
Highpoint Incentive Inc.Prepared the first-year real estate tax projection
Construction lender
Cathay Bank$1 million recorded

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

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