THE CONDO BOOK PROJECT

5 Court Square

45-07 Court Square, Queens, NY 11101

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Overview

Units
58 residential · 21 storage · 3 commercial
Subway
1 min walk to Court Sq-23 St 7 E F G MQueens Plaza E F R, 6 min
Developer
Catalina JJS Holdings LLC
Principals
Zhidong Wu
Average $/sf
$1,411Homes in Schedule A, as first offered
Offering price
$74.3 million total

The sponsor of record is Jackson 2524, LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 346 pages. The sponsor has filed 11 amendments, the latest in March 2021. The nearest other condo plan on file is Harrison, next door.

Plan CD180428 · New · accepted Aug 30, 2019 · AG record ↗

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FigureThis building1Millo264 units · 1.6 miaccepted 2020Qns 44349 units · 0.4 miaccepted 2017
Common ChargesPer Square Foot / Month$1.00Highest$0.60$0.45
Average Offering PricePer Apartment$1.25MAbove peers$695,484$1.13M
Average PricePer Square Foot$1,411Above peers$1,166$1,267
Average Unit SizeSquare Feet883 SFIn line597 SF888 SF

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Unit mix, closings, budgets, finishes and the team, against Millo and Qns 44, 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 closed95% of the homes in Schedule A55 of 58
Closing prices vs. Schedule A55 homes: $67,456,442 at closing against $66,915,000 in Schedule A (p. 39, p. 40, p. 41)+0.8%
Average closing price55 homes, on their Schedule A square feet$1,414 / SF
Closingsfirst and latest recordedJun 17, 2020 – Mar 3, 2022

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 55 closings
HomeRecordedClosing priceSchedule ADifference
3BJun 17, 2020$832,528$825,000 p. 39+0.9%
7CJun 19, 2020$890,000$860,000 p. 40+3.5%
3EJun 23, 2020$1,242,265$1,220,000 p. 39+1.8%
6EJun 25, 2020$1,293,178$1,250,000 p. 40+3.5%
6AJun 26, 2020$1,226,991$1,205,000 p. 40+1.8%
9BJul 1, 2020$1,700,000$1,675,000 p. 41+1.5%
4FJul 8, 2020$1,270,000$1,275,000 p. 39−0.4%
5BJul 17, 2020$860,000$845,000 p. 40+1.8%
10BJul 28, 2020$1,755,000$1,685,000 p. 41+4.2%
8FJul 30, 2020$2,270,531$2,250,000 p. 41+0.9%
6BJul 31, 2020$870,000$855,000 p. 40+1.8%
5EAug 4, 2020$1,293,178$1,240,000 p. 40+4.3%
5CAug 6, 2020$875,695$840,000 p. 40+4.2%
4BAug 7, 2020$865,513$835,000 p. 39+3.7%
4CAug 7, 2020$857,756$830,000 p. 39+3.3%
8EAug 10, 2020$1,300,000$1,270,000 p. 41+2.4%
2CAug 11, 2020$845,148$805,000 p. 39+5%
6FAug 11, 2020$1,344,090$1,295,000 p. 40+3.8%
7EAug 13, 2020$1,313,543$1,260,000 p. 40+4.2%
9EAug 19, 2020$1,344,090$1,280,000 p. 41+5%
5AAug 20, 2020$1,216,809$1,195,000 p. 40+1.8%
5FAug 20, 2020$1,308,451$1,285,000 p. 40+1.8%
4EAug 21, 2020$1,272,813$1,230,000 p. 39+3.5%
3CAug 24, 2020$875,695$820,000 p. 39+6.8%
2ESep 1, 2020$1,225,000$1,200,000 p. 39+2.1%
6CSep 11, 2020$865,513$850,000 p. 40+1.8%
3FSep 18, 2020$1,265,000$1,265,000 p. 390%
10ENov 6, 2020$1,354,273$1,290,000 p. 41+5%
7FNov 12, 2020$1,305,000$1,305,000 p. 400%
6GDec 9, 2020$824,783$810,000 p. 40+1.8%
2FDec 11, 2020$900,000$930,000 p. 39−3.2%
9ADec 17, 2020$1,293,178$1,280,000 p. 41+1%
7BJan 6, 2021$916,425$865,000 p. 40+5.9%
3GFeb 3, 2021$770,000$780,000 p. 39−1.3%
8BMar 1, 2021$1,600,000$1,665,000 p. 40−3.9%
2BMar 8, 2021$800,000$805,000 p. 39−0.6%
2AMar 18, 2021$1,176,000$1,265,000 p. 39−7%
5GMar 25, 2021$800,000$800,000 p. 400%
5DApr 15, 2021$1,305,000$1,250,000 p. 40+4.4%
7DMay 3, 2021$1,300,000$1,270,000 p. 40+2.4%
3AMay 5, 2021$1,175,000$1,175,000 p. 390%
7AMay 7, 2021$1,188,000$1,215,000 p. 40−2.2%
6DJun 3, 2021$1,300,000$1,260,000 p. 40+3.2%
10AJun 3, 2021$1,250,000$1,290,000 p. 41−3.1%
3DJun 7, 2021$1,285,000$1,230,000 p. 39+4.5%
7GJun 15, 2021$800,000$820,000 p. 40−2.4%
4DJun 16, 2021$1,280,000$1,240,000 p. 39+3.2%
8AJun 18, 2021$1,240,000$1,270,000 p. 40−2.4%
9FJun 30, 2021$2,175,000$2,260,000 p. 41−3.8%
4AJul 20, 2021$1,160,000$1,185,000 p. 39−2.1%
4GAug 4, 2021$790,000$790,000 p. 390%
2DAug 19, 2021$1,235,000$1,220,000 p. 39+1.2%
8DAug 19, 2021$1,330,000$1,280,000 p. 40+3.9%
11ANov 30, 2021$2,400,000$2,650,000 p. 41−9.4%
10FMar 3, 2022$2,225,000$2,270,000 p. 41−2%

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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
Jackson 2524, LLC
Developer
Catalina JJS Holdings LLC
Principals
Zhidong Wu
Tax estimate
Moseson & Associates Corp.Prepared the first-year real estate tax projection
Construction lender
Preferred Bank$29 million recorded

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

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