THE CONDO BOOK PROJECT

42-80 Main Street Condominium

42-80 Main Street, Queens, NY 11355

Overview

Units
39 residential · 1 parking · 1 commercial
Subway
10 min walk to Flushing-Main St 7
Principals
Kuan He Wu
Average $/sf
$1,298Homes in Schedule A, as first offered
Common charges
$305–$1,298 a monthSponsor's first-year estimate in Schedule A, November 1, 2023 to October 31, 2024
Offering price
$77.7 million total $77.6 million when first offered

The sponsor of record is Good Fortune Realty Of New York, LLC, represented by Xie & Associates, Pllc. The offering plan runs 392 pages. The sponsor has filed 4 amendments, the latest in July 2025. The nearest other condo plan on file is Blossom Condominium, next door.

Plan CD210177 · New · accepted Jan 6, 2023 · AG record ↗

Compare

FigureThis building135th269 units · 0.8 miaccepted 2023Grand 147th354 units · 0.7 miaccepted 2021
Common ChargesPer Square Foot / Month$0.47In line$0.45$0.54
Average Offering PricePer Apartment$1.29MHighest$687,197$759,167
Average PricePer Square Foot$1,298Above peers$1,100$1,235
Property TaxesPer Square Foot / Month$0.85Highest$0.39$0.66
Average Unit SizeSquare Feet994 SFLargest625 SF615 SF

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Unit mix, closings, budgets, finishes and the team, against 35th and Grand 147th, 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 closed46% of the homes in Schedule A18 of 39
Closing prices vs. Schedule A18 homes: $16,894,776 at closing against $19,533,055 in Schedule A (p. 35, p. 36)−13.5%
Average closing price18 homes, on their Schedule A square feet$1,084 / SF
Closingsfirst and latest recordedAug 8, 2024 – Jun 26, 2026

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 18 closings
HomeRecordedClosing priceSchedule ADifference
3BAug 8, 2024$967,338$1,151,850 p. 35−16%
5GAug 12, 2024$946,973$1,008,656 p. 36−6.1%
3ESep 17, 2024$977,520$1,119,720 p. 35−12.7%
5HSep 25, 2024$819,691$970,132 p. 36−15.5%
5JNov 20, 2024$896,060$1,053,884 p. 36−15%
3CNov 25, 2024$865,513$1,029,738 p. 35−15.9%
4GJan 9, 2025$875,695$998,656 p. 35−12.3%
5EJan 15, 2025$902,822$1,085,720 p. 36−16.8%
3HJan 27, 2025$712,775$803,592 p. 35−11.3%
3FFeb 24, 2025$873,659$937,472 p. 35−6.8%
6EMar 27, 2025$1,832,850$1,964,574 p. 36−6.7%
6HJun 11, 2025$946,973$1,238,545 p. 36−23.5%
5CJul 14, 2025$854,491$1,058,763 p. 36−19.3%
5FJul 14, 2025$757,495$916,280 p. 36−17.3%
5AAug 4, 2025$996,358$1,379,000 p. 36−27.7%
3GJun 11, 2026$892,272$861,430 p. 35+3.6%
4CJun 26, 2026$934,855$1,048,763 p. 35−10.9%
4FJun 26, 2026$841,438$906,280 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
Good Fortune Realty Of New York, LLC
Principals
Kuan He Wu
Tax estimate
Block & Lot Real Estate Services, Inc.Prepared the first-year real estate tax projection
Construction lender
Mortgage World BankersLender on the mortgage and building loan agreement recorded August 2019 in ACRIS; $33 million recorded

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

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