Star Tower Condominium
43-20 Union Street, Queens, NY 11355
Overview
- Units
- 24 residential · 10 parking · 4 commercial
- Subway
- 14 min walk to Flushing-Main St 7
- Principals
- Chih-Feng Lai, Lin-Chu Lai
- Average $/sf
- $607Homes in Schedule A, as first offered
- Common charges
- $210–$305 a monthSponsor's first-year estimate in Schedule A, September 1, 2006 - August 31, 2007
- Offering price
- $10.9 million total $9.46 million when first offered
- Floor plans
- Page 13 of the plan
The sponsor of record is Ocean Star Development, LLC, represented by Yung Hwei Hsu. The offering plan runs 198 pages. The sponsor has filed 1 amendment, the latest in May 2007. The nearest other condo plan on file is Plaza 18 Condominium, next door.
Plan CD060278 · New · accepted Sep 29, 2006 · AG record ↗
Compare
| Figure | This building1 | Happy Buddha Tower220 units · 0.8 miaccepted 2005 | Cherry Tower321 units · 0.1 miaccepted 2005 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.35In line | $0.28 | $0.53 |
| Average Offering PricePer Apartment | $389,914Above peers | $297,660 | $349,333 |
| Average PricePer Square Foot | $607Highest | $479 | $433 |
| Property TaxesPer Square Foot / Month | $0.02Lowest | $0.21 | $0.04 |
| Average Unit SizeSquare Feet | 643 SFIn line | 621 SF | 806 SF |
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Unit mix, closings, budgets, finishes and the team, against Happy Buddha Tower and Cherry Tower, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 24 of 24 |
| Closing prices vs. Schedule A24 homes: $9,370,440 at closing against $9,357,932 in Schedule A (p. 19, p. 20) | +0.1% |
| Average closing price24 homes, on their Schedule A square feet | $608 / SF |
| Closingsfirst and latest recorded | Dec 12, 2007 – Jul 17, 2008 |
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 24 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3A | Dec 12, 2007 | $370,655 | $365,536 p. 19 | +1.4% |
| 3B | Dec 12, 2007 | $370,655 | $365,536 p. 19 | +1.4% |
| 7B | Dec 13, 2007 | $451,230 | $501,653 p. 20 | −10.1% |
| 5B | Dec 27, 2007 | $409,656 | $374,239 p. 19 | +9.5% |
| 6D | Dec 27, 2007 | $359,970 | $360,440 p. 20 | −0.1% |
| 7D | Dec 28, 2007 | $524,399 | $546,791 p. 20 | −4.1% |
| 5C | Jan 4, 2008 | $365,040 | $360,440 p. 19 | +1.3% |
| 7A | Jan 9, 2008 | $385,320 | $501,653 p. 20 | −23.2% |
| 4D | Jan 10, 2008 | $356,987 | $352,058 p. 19 | +1.4% |
| 5A | Jan 16, 2008 | $379,478 | $374,239 p. 19 | +1.4% |
| 6A | Jan 17, 2008 | $403,572 | $374,239 p. 19 | +7.8% |
| 6B | Jan 22, 2008 | $375,180 | $374,239 p. 20 | +0.3% |
| 7C | Jan 23, 2008 | $486,720 | $546,791 p. 20 | −11% |
| 4A | Jan 28, 2008 | $370,110 | $365,536 p. 19 | +1.3% |
| 3D | Feb 6, 2008 | $356,987 | $352,058 p. 19 | +1.4% |
| 2C | Feb 19, 2008 | $356,987 | $360,440 p. 19 | −1% |
| 2A | Feb 20, 2008 | $370,110 | $365,536 p. 19 | +1.3% |
| 6C | Mar 6, 2008 | $365,486 | $360,440 p. 20 | +1.4% |
| 4B | Mar 10, 2008 | $401,075 | $365,536 p. 19 | +9.7% |
| 2B | Mar 28, 2008 | $361,998 | $365,536 p. 19 | −1% |
| 5D | Mar 31, 2008 | $395,906 | $360,440 p. 19 | +9.8% |
| 4C | Apr 15, 2008 | $354,900 | $352,058 p. 19 | +0.8% |
| 3C | Jul 2, 2008 | $367,068 | $352,058 p. 19 | +4.3% |
| 2D | Jul 17, 2008 | $430,950 | $360,440 p. 19 | +19.6% |
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
- Ocean Star Development, LLC
- Principals
- Chih-Feng Lai, Lin-Chu Lai
- Counsel
- Yung Hwei Hsu
- Tax estimate
- LAU & ASSOCIATESPrepared the first-year real estate tax projection
- Construction lender
- Maspeth Federal SavingsLender on the mortgage and building loan agreement recorded March 2004 in ACRIS; $2.06 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Plaza 18 Condominiumnext door · 22 units · 11 parking
- Cherry Queens Tower Condominiumnext door · 10 units · 2012
- Union Garden Condominiumnext door · 24 units · 7 parking · 2009
- Cherry Tower Condominiumnext door · 43 units · 49 parking · 2006
- Cherry Mansion Condominiumnext door · 32 units · 12 parking · 2008
- Cherry Tower Condominiumnext door · 12 units · 6 parking · 2021