5-13 Condominium
5-13 47th Road, Queens, NY 11101
Overview
- Units
- 5 residential
- Subway
- 5 min walk to Vernon Blvd-Jackson Av 721 St G, 7 min
- Average $/sf
- $1,326Homes in Schedule A, as first offered
- Common charges
- $322–$547 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
- Offering price
- $1.43 million total
- Floor plans
- Page 4 of the plan
The sponsor of record is 5th Street Lic Development Inc, represented by Tsyngauz & Associates, P.C.. The offering plan runs 299 pages. The sponsor has filed 2 amendments, the latest in January 2024. The nearest other condo plan on file is 5-17 Condominium, next door.
Plan CD220227 · New · accepted Mar 10, 2023 · AG record ↗
Compare
| Figure | This building1 | 5-0128 units · 0 miaccepted 2023 | Star-Lic 233 units · 0.2 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.49Below peers | $0.53 | $0.98 |
| Average Offering PricePer Apartment | $1.22MIn line | $1.08M | $2.43M |
| Average PricePer Square Foot | $1,326Below peers | $1,343 | $1,460 |
| Property TaxesPer Square Foot / Month | $0.94Above peers | $0.92 | $0.64 |
| Average Unit SizeSquare Feet | 920 SFIn line | 806 SF | 1,665 SF |
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Unit mix, closings, budgets, finishes and the team, against 5-01 and Star-Lic 2, 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 | 5 of 5 |
| Closing prices vs. Schedule A5 homes: $6,154,603 at closing against $6,101,000 in Schedule A (p. 44) | +0.9% |
| Average closing price5 homes, on their Schedule A square feet | $1,338 / SF |
| Closingsfirst and latest recorded | Feb 14, 2024 – Feb 28, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Apr 30, 2024: 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 5 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 1A | Feb 14, 2024 | $1,522,284 | $1,495,000 p. 44 | +1.8% |
| 3A | Feb 15, 2024 | $1,420,459 | $1,395,000 p. 44 | +1.8% |
| 2A | Feb 16, 2024 | $868,463 | $878,000 p. 44 | −1.1% |
| 3B | Feb 21, 2024 | $1,461,189 | $1,435,000 p. 44 | +1.8% |
| 2B | Feb 28, 2024 | $882,209 | $898,000 p. 44 | −1.8% |
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
- 5th Street Lic Development Inc
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- Ava Expediting Inc.Prepared the first-year real estate tax projection
- Construction lender
- Valley National Bank
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 5-17 Condominiumnext door · 4 units · 2023
- 5-15 Condominiumnext door · 4 units · 2023
- 5-01 Condominiumnext door · 8 units · 2023
- 5-12 Condominiumnext door · 5 units · 2023
- Monarchnext door · 21 units · 8 parking · 2016
- 8 On 5thnext door · 7 units