Vernon I Condominium
5-26 47th Avenue, Queens, NY 11101
Overview
- Units
- 6 residential
- Subway
- 6 min walk to Vernon Blvd-Jackson Av 721 St G, 6 min
- Principals
- Semyon Vays, Mark Zeldin, Leonid Vays
- Average $/sf
- $1,338Homes in Schedule A, as first offered
- Common charges
- $318–$514 a monthSponsor's first-year estimate in Schedule A, January 1, 2019 - December 31, 2019
- Offering price
- $6.75 million total $7.17 million when first offered
- Floor plans
- Page 4 of the plan
The sponsor of record is 526 47th Development LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 274 pages. The sponsor has filed 4 amendments, the latest in March 2020. The nearest other condo plan on file is Vernon Ii Condominium, next door.
Plan CD180113 · New · accepted Sep 10, 2018 · AG record ↗
Compare
| Figure | This building1 | Vernon II26 units · 0 miaccepted 2018 | 21-2236 units · 0.4 miaccepted 2018 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.46In line | $0.46 | $0.34 |
| Average Offering PricePer Apartment | $1.22MAbove peers | $1.12M | $995,833 |
| Average PricePer Square Foot | $1,338Above peers | $1,225 | $1,315 |
| Property TaxesPer Square Foot / Month | $1.08Above peers | $1.07 | $0.95 |
| Average Unit SizeSquare Feet | 911 SFIn line | 918 SF | 757 SF |
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Unit mix, closings, budgets, finishes and the team, against Vernon II and 21-22, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.
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- 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.
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Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 6 of 6 |
| Closing prices vs. Schedule A6 homes: $6,325,000 at closing against $7,315,000 in Schedule A (p. 33) | −13.5% |
| Average closing price6 homes, on their Schedule A square feet | $1,157 / SF |
| Closingsfirst and latest recorded | Jun 24, 2019 – Jun 1, 2020 |
Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2025: 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 6 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2A | Jun 24, 2019 | $885,000 | $975,000 p. 33 | −9.2% |
| 1B | Jul 16, 2019 | $1,395,000 | $1,495,000 p. 33 | −6.7% |
| 1A | Oct 10, 2019 | $775,000 | $925,000 p. 33 | −16.2% |
| 3A | Oct 17, 2019 | $1,255,000 | $1,475,000 p. 33 | −14.9% |
| 3B | Oct 31, 2019 | $1,250,000 | $1,495,000 p. 33 | −16.4% |
| 2B | Jun 1, 2020 | $765,000 | $950,000 p. 33 | −19.5% |
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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page, here and in ChatGPT or Claude.
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
- 526 47th Development LLC
- Principals
- Semyon Vays, Mark Zeldin, Leonid Vays
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
- Construction lender
- Flushing Bank$3.15 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Vernon Ii Condominiumnext door · 6 units · 2018
- Vernon Iii Condominiumnext door · 6 units · 2018
- 5-12 Condominiumnext door · 5 units · 2023
- Greystone Condominiumnext door · 12 units · 4 parking · 2018
- 5-17 Condominiumnext door · 4 units · 2023
- Monarchnext door · 21 units · 8 parking · 2016