5-17 Condominium
5-17 47th Road, Queens, NY 11101
Overview
- Units
- 4 residential
- Subway
- 5 min walk to Vernon Blvd-Jackson Av 721 St G, 7 min
- Average $/sf
- $1,331Homes in Schedule A, as first offered
- Common charges
- $516–$657 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
- Offering price
- $6.2 million total $6.17 million when first offered
- 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 297 pages. The sponsor has filed 2 amendments, the latest in January 2024. The nearest other condo plan on file is 5-15 Condominium, next door.
Plan CD220234 · New · accepted Mar 13, 2023 · AG record ↗
Compare
| Figure | This building1 | Star-Lic 223 units · 0.2 miaccepted 2023 | 5-0138 units · 0 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.49Below peers | $0.98 | $0.53 |
| Average Offering PricePer Apartment | $1.54MIn line | $2.43M | $1.08M |
| Average PricePer Square Foot | $1,331Below peers | $1,460 | $1,343 |
| Property TaxesPer Square Foot / Month | $0.86In line | $0.64 | $0.92 |
| Average Unit SizeSquare Feet | 1,159 SFIn line | 1,665 SF | 806 SF |
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Unit mix, closings, budgets, finishes and the team, against Star-Lic 2 and 5-01, 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 | 4 of 4 |
| Closing prices vs. Schedule A4 homes: $6,229,109 at closing against $6,170,000 in Schedule A (p. 44) | +1% |
| Average closing price4 homes, on their Schedule A square feet | $1,344 / SF |
| Closingsfirst and latest recorded | Mar 5, 2024 – Mar 22, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Mar 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 4 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2A | Mar 5, 2024 | $1,775,000 | $1,775,000 p. 44 | 0% |
| 3A | Mar 13, 2024 | $1,395,000 | $1,395,000 p. 44 | 0% |
| 3B | Mar 13, 2024 | $1,435,000 | $1,435,000 p. 44 | 0% |
| 1A | Mar 22, 2024 | $1,624,109 | $1,565,000 p. 44 | +3.8% |
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$10.4 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 5-15 Condominiumnext door · 4 units · 2023
- 5-13 Condominiumnext door · 5 units · 2023
- 5-01 Condominiumnext door · 8 units · 2023
- 5-12 Condominiumnext door · 5 units · 2023
- Greystone Condominiumnext door · 12 units · 4 parking · 2018
- Monarchnext door · 21 units · 8 parking · 2016