THE CONDO BOOK PROJECT

Golden Garden Condominium

42-23 Parsons Boulevard, Queens, NY 11355

Overview

Units
33 residential · 17 parking
Subway
14 min walk to Flushing-Main St 7
Principals
Jian She Huang, Jinguang Huang, Xing Hong Lin, Xue Hu Huang
Average $/sf
$1,000Homes in Schedule A, as first offered
Common charges
$205–$432 a monthSponsor's first-year estimate in Schedule A, For the Period Commencing July 1, 2022 to June 30, 2023
Offering price
$18.1 million total $21.9 million when first offered

The sponsor of record is First Red Apple Realty, LLC, represented by Thomas E. Berinato, Attorney At Law. The offering plan runs 343 pages. The sponsor has filed 3 amendments, the latest in December 2024. The nearest other condo plan on file is Parsons Tower Condominium, next door.

Plan CD200216 · New · accepted May 20, 2022 · AG record ↗

Compare

FigureThis building1Ying City Plaza234 units · 0.2 miaccepted 2023Cherry Plaza325 units · 0.2 miaccepted 2023
Common ChargesPer Square Foot / Month$0.47In line$0.41$0.59
Average Offering PricePer Apartment$663,292Above peers$612,088$599,800
Average PricePer Square Foot$1,000In line$1,000$1,028
Property TaxesPer Square Foot / Month$0.19Lowest$0.44$0.48
Average Unit SizeSquare Feet753 SFLargest612 SF583 SF

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Unit mix, closings, budgets, finishes and the team, against Ying City Plaza and Cherry Plaza, 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 closed89% of the homes in Schedule A25 of 28
Closing prices vs. Schedule A20 homes: $11,965,977 at closing against $12,487,800 in Schedule A (p. 44)−4.2%
Average closing price20 homes, on their Schedule A square feet$958 / SF
Closingsfirst and latest recordedJul 14, 2023 – Sep 15, 2025

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 25 closings
HomeRecordedClosing priceSchedule ADifference
1AJul 14, 2023$400,530——
5CJul 19, 2023$420,810$432,400 p. 44−2.7%
2CJul 21, 2023$413,712——
4CJul 26, 2023$420,810$431,400 p. 44−2.5%
6CJul 28, 2023$425,880$432,400 p. 44−1.5%
7BJul 28, 2023$430,950$432,400 p. 44−0.3%
6DJul 31, 2023$481,650$505,400 p. 44−4.7%
5DAug 18, 2023$479,115$505,400 p. 44−5.2%
2AAug 24, 2023$748,414$825,800 p. 44−9.4%
3DAug 24, 2023$458,213$457,200 p. 44+0.2%
2DSep 19, 2023$393,432——
3ESep 21, 2023$712,775$789,400 p. 44−9.7%
1COct 4, 2023$461,370——
3CDec 8, 2023$446,160$431,400 p. 44+3.4%
4DDec 19, 2023$481,650$457,200 p. 44+5.3%
4BFeb 6, 2024$672,045$734,400 p. 44−8.5%
1DMar 5, 2024$459,342$443,200 p. 44+3.6%
5AMay 15, 2024$722,958$825,800 p. 44−12.5%
1BSep 13, 2024$529,490——
7COct 24, 2024$820,000$910,600 p. 44−9.9%
6AOct 29, 2024$705,000$825,800 p. 44−14.6%
4EDec 27, 2024$702,593$789,400 p. 44−11%
6BMay 6, 2025$692,410$734,400 p. 44−5.7%
7AJul 25, 2025$997,885$789,400 p. 44+26.4%
3BSep 15, 2025$687,319$734,400 p. 44−6.4%

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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
First Red Apple Realty, LLC
Principals
Jian She Huang, Jinguang Huang, Xing Hong Lin, Xue Hu Huang
Tax estimate
Thomas E. BerinatoPrepared the first-year real estate tax projection
Construction lender
Cathay Bank$7.16 million recorded

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

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