THE CONDO BOOK PROJECT

49-10 111th Street Condominium

49-10 111th Street, Queens, NY 11368

Compare

Overview

Units
7 residential · 1 parking
Subway
9 min walk to 111 St 7103 St-Corona Plaza 7, 16 min
Average $/sf
$373Homes in Schedule A, as first offered
Common charges
$254 a monthSponsor's first-year estimate in Schedule A
Offering price
$2.35 million total $1.78 million when first offered

The sponsor of record is 111 Street Development LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 296 pages. The sponsor has filed 3 amendments, the latest in August 2021. The nearest other condo plan on file is 49-08 111th Street Condominium, next door.

Plan CD190132 · New · accepted Apr 27, 2020 · AG record ↗

Compare

FigureThis building1Six Brothers27 units · 0.4 miaccepted 202097 Place310 units · 0.8 miaccepted 2022
Common ChargesPer Square Foot / Month$0.47Highest$0.36$0.35
Average Offering PricePer Apartment$200,000Lowest$382,857$251,000
Average PricePer Square Foot$373Below peers$422$383
Property TaxesPer Square Foot / Month$0.21In line$0.06$0.51
Average Unit SizeSquare Feet536 SFSmallest907 SF656 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Six Brothers and 97 Place, cited to the offering plans. No credit card required.

Create a free account
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 closed100% of the homes in Schedule A10 of 10
Closing prices vs. Schedule A8 homes: $1,461,988 at closing against $1,730,000 in Schedule A (p. 36)−15.5%
Average closing price2 homes, on their Schedule A square feet$579 / SF
Closingsfirst and latest recordedMay 2, 2022 – Sep 26, 2022

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2023: 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 10 closings
HomeRecordedClosing priceSchedule ADifference
3BMay 2, 2022$147,030$200,000 p. 36−26.5%
4BMay 11, 2022$473,538$200,000 p. 36+136.8%
2BJul 12, 2022$141,960$200,000 p. 36−29%
4AJul 12, 2022$283,920$300,000 p. 36−5.4%
P3Jul 12, 2022$10,040$75,000 p. 36−86.6%
2ASep 6, 2022$141,960$200,000 p. 36−29%
3ASep 6, 2022$157,170one deed, 2 homes$200,000 p. 36—
P1Sep 6, 2022$10,040$75,000 p. 36−86.6%
P2Sep 6, 2022$157,170one deed, 2 homes$75,000 p. 36—
1ASep 26, 2022$253,500$480,000 p. 36−47.2%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
111 Street Development LLC
Tax estimate
Moseson & AssociatesPrepared the first-year real estate tax projection

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

Nearby