THE CONDO BOOK PROJECT

East West Plaza Condominium

44-15 College Point Boulevard, Queens, NY 11355

Overview

Units
42 residential · 21 parking · 6 commercial
Subway
11 min walk to Flushing-Main St 7
Principals
Hui Chen, Feng Jin Wang, Zhu Mei Chen
Average $/sf
$1,361Homes in Schedule A, as first offered
Offering price
$46.7 million total $43.6 million when first offered

The sponsor of record is East West Plaza LLC, represented by Thomas E. Berinato, Attorney At Law. The offering plan runs 376 pages. The sponsor has filed 1 amendment, the latest in June 2023. The nearest other condo plan on file is Red Maple Condominium, next door.

Plan CD220131 · New · accepted Mar 7, 2023 · AG record ↗

Compare

FigureThis building142-80 Main239 units · 0.3 miaccepted 202335th369 units · 0.7 miaccepted 2023
Common ChargesPer Square Foot / Month$0.37 ⚠Lowest$0.47$0.45
Average Offering PricePer Apartment$965,863In line$1.29M$687,197
Average PricePer Square Foot$1,361Above peers$1,298$1,100
Average Unit SizeSquare Feet710 SFIn line994 SF625 SF

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Unit mix, closings, budgets, finishes and the team, against 42-80 Main and 35th, 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.

⚠ Read from a partly legible Schedule B.

Closings Pro

Homes closed88% of the homes in Schedule A42 of 48
Closing prices vs. Schedule A42 homes: $30,831,974 at closing against $33,229,400 in Schedule A (p. 34, p. 35)−7.2%
Average closing price42 homes, on their Schedule A square feet$1,228 / SF
Closingsfirst and latest recordedOct 12, 2023 – Jun 25, 2024

Sales recorded with the Department of Finance (ACRIS) through May 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 (or, for a home the plan listed without a price, the amendment that priced it); 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 42 closings
HomeRecordedClosing priceSchedule ADifference
3DOct 12, 2023$599,749$620,000 p. 34−3.3%
4DOct 12, 2023$608,914$633,000 p. 34−3.8%
1EOct 13, 2023$789,144$818,000 p. 34−3.5%
2COct 13, 2023$572,257$619,000 Amendment 1, p. 23−7.6%
4AOct 16, 2023$682,228$706,000 p. 34−3.4%
2GOct 17, 2023$728,049$790,000 p. 34−7.8%
5AOct 18, 2023$873,659$872,000 p. 35+0.2%
2FOct 20, 2023$565,129$607,000 p. 34−6.9%
3IOct 20, 2023$896,060$945,000 p. 34−5.2%
4GOct 24, 2023$936,790$990,000 p. 34−5.4%
5COct 24, 2023$656,771$708,000 p. 35−7.2%
3FOct 25, 2023$575,311$619,000 p. 34−7.1%
2HOct 26, 2023$914,389$948,000 p. 34−3.5%
4COct 26, 2023$896,060$936,000 p. 34−4.3%
2EOct 30, 2023$576,311$608,000 p. 34−5.2%
4EOct 30, 2023$524,399$631,800 p. 34−17%
6AOct 31, 2023$845,148$892,000 p. 35−5.3%
3CNov 1, 2023$535,600$619,000 p. 34−13.5%
4FNov 1, 2023$776,416$821,800 p. 34−5.5%
4HNov 3, 2023$912,334$966,000 p. 35−5.6%
6ENov 6, 2023$936,790$1,125,000 p. 35−16.7%
1BNov 7, 2023$563,092$595,000 p. 34−5.4%
1CNov 8, 2023$732,104$770,000 p. 34−4.9%
3GNov 9, 2023$763,688$808,000 p. 34−5.5%
5DNov 14, 2023$856,830$905,000 p. 35−5.3%
5BNov 16, 2023$794,235$845,000 p. 35−6%
3BNov 17, 2023$536,750$620,000 p. 34−13.4%
2BNov 29, 2023$570,156$608,000 p. 34−6.2%
3ENov 29, 2023$524,399$620,000 p. 34−15.4%
5FDec 6, 2023$987,481$980,000 p. 35+0.8%
5EDec 18, 2023$580,403$1,001,800 p. 35−42.1%
1ADec 22, 2023$512,180$595,000 p. 34−13.9%
6CDec 29, 2023$738,231$722,000 p. 35+2.2%
3HJan 17, 2024$908,000$970,000 p. 34−6.4%
2DJan 31, 2024$570,118$608,000 p. 34−6.2%
2AFeb 5, 2024$660,826$690,000 p. 34−4.2%
4BMar 8, 2024$865,513$945,000 p. 34−8.4%
6BApr 18, 2024$824,783$855,000 p. 35−3.5%
3AApr 19, 2024$656,771$700,000 p. 34−6.2%
2IMay 6, 2024$896,060$956,000 p. 34−6.3%
6DMay 6, 2024$931,699$1,028,000 p. 35−9.4%
1DJun 25, 2024$957,155$933,000 p. 34+2.6%

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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
East West Plaza LLC
Principals
Hui Chen, Feng Jin Wang, Zhu Mei Chen
Construction lender
Cathay Bank

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

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