Grand 147th Condominium
42-18 147th Street, Queens, NY 11355
Overview
- Units
- 54 residential · 27 parking
- Subway
- 16 min walk to Flushing-Main St 7
- Developers
- Prestige Home Builders, TJAR Group
- Principals
- Wang Tat Lam
- Average $/sf
- $1,235Homes in Schedule A, as first offered
- Common charges
- $217–$505 a monthSponsor's first-year estimate in Schedule A, January 1, 2022 - December 31, 2022
- Offering price
- $42.6 million total
- Floor plans
- Page 50 of the plan
The sponsor of record is Grand 147th Street Development LLC, represented by Starr Associates, LLP. The offering plan runs 479 pages. The sponsor has filed 6 amendments, the latest in October 2024. The nearest other condo plan on file is 3j Condominium, next door.
Plan CD210168 · New · accepted Dec 15, 2021 · AG record ↗
Compare
| Figure | This building1 | Golden Garden233 units · 0.1 miaccepted 2022 | 35th369 units · 0.9 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.54Above peers | $0.47 | $0.45 |
| Average Offering PricePer Apartment | $759,167Above peers | $663,292 | $687,197 |
| Average PricePer Square Foot | $1,235Above peers | $1,000 | $1,100 |
| Property TaxesPer Square Foot / Month | $0.66Highest | $0.19 | $0.39 |
| Average Unit SizeSquare Feet | 615 SFSmaller | 753 SF | 625 SF |
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Unit mix, closings, budgets, finishes and the team, against Golden Garden and 35th, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed54% of the homes in Schedule A | 29 of 54 |
| Closing prices vs. Schedule A26 homes: $14,338,173 at closing against $19,120,000 in Schedule A (p. 49) | −25% |
| Average closing price26 homes, on their Schedule A square feet | $921 / SF |
| Closingsfirst and latest recorded | Jan 30, 2023 – Feb 9, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Aug 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 29 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2G | Jan 30, 2023 | $581,116 | $674,000 p. 49 | −13.8% |
| 4G | Feb 6, 2023 | $555,660 | $687,000 p. 49 | −19.1% |
| 5H | Feb 8, 2023 | $593,335 | $681,000 p. 49 | −12.9% |
| 4D | Feb 13, 2023 | $504,680 | $664,000 p. 49 | −24% |
| 6D | Feb 28, 2023 | $532,240 | $664,000 p. 49 | −19.8% |
| 4C | Mar 2, 2023 | $499,610 | $660,000 p. 49 | −24.3% |
| 3I | Mar 16, 2023 | $564,824 | $700,000 p. 49 | −19.3% |
| 4I | Mar 29, 2023 | $627,424 | $700,000 p. 49 | −10.4% |
| 5A | Apr 11, 2023 | $388,070 | $496,000 p. 49 | −21.8% |
| 2I | Aug 1, 2023 | $532,240 | $676,000 p. 49 | −21.3% |
| 3E | Aug 22, 2023 | $601,481 | $758,000 p. 49 | −20.6% |
| 2D | Aug 23, 2023 | $562,788 | $740,000 p. 49 | −23.9% |
| 6G | Oct 17, 2023 | $781,711 | $975,000 p. 49 | −19.8% |
| 5B | Oct 23, 2023 | $766,438 | $964,000 p. 49 | −20.5% |
| 3D | Oct 25, 2023 | $522,058 | $664,000 p. 49 | −21.4% |
| 7B | Nov 1, 2023 | $896,774 | $1,108,000 p. 49 | −19.1% |
| 3B | Nov 14, 2023 | $567,879 | $718,000 p. 49 | −20.9% |
| 4B | Jan 24, 2024 | $459,050 | $718,000 p. 49 | −36.1% |
| 1A | Apr 16, 2024 | $1,650,000one deed, 3 homes | $656,000 p. 49 | — |
| 6B | Apr 16, 2024 | $1,650,000one deed, 3 homes | $978,000 p. 49 | — |
| 7A | Apr 16, 2024 | $1,650,000one deed, 3 homes | $956,000 p. 49 | — |
| 3G | May 22, 2024 | $459,456 | $687,000 p. 49 | −33.1% |
| 5E | Jun 6, 2024 | $456,300 | $758,000 p. 49 | −39.8% |
| 4J | Jul 18, 2024 | $486,720 | $773,000 p. 49 | −37% |
| 4H | Aug 1, 2024 | $492,510 | $681,000 p. 49 | −27.7% |
| 5G | Aug 1, 2024 | $491,510 | $688,000 p. 49 | −28.6% |
| 4E | Jan 27, 2025 | $459,050 | $758,000 p. 49 | −39.4% |
| 3J | Apr 23, 2025 | $456,300 | $773,000 p. 49 | −41% |
| 4A | Feb 9, 2026 | $498,951 | $755,000 p. 49 | −33.9% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Grand 147th Street Development LLC
- Developers
- Prestige Home Builders, TJAR Group
- Principals
- Wang Tat Lam
- Counsel
- Starr Associates, LLP
- Tax estimate
- Korngold Powers LLPPrepared the first-year real estate tax projection
- Construction lender
- S3 Capital$12 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 3j Condominiumnext door · 10 units · 2023
- Lamstead Condominiumnext door · 20 units · 5 parking
- 42-08 147th Street Condominiumnext door · 21 units · 11 parking
- Sanford Mansion Condominiumnext door · 10 units · 2014
- Millennium Condominiumnext door · 18 units · 9 parking · 2014
- Beech Garden Condominiumnext door · 11 units · 26 parking · 2009