533 48th Avenue Condominium
5-33 48th Avenue, Queens, NY 11101
Overview
- Units
- 43 residential · 1 commercial
- Subway
- 3 min walk to Vernon Blvd-Jackson Av 721 St G, 7 min
- Developer
- Circle F Capital
- Principals
- David Feldman, Gary Feldman
- Offering price
- $56.5 million total
- Floor plans
- Pages 7–8 of the plan
The sponsor of record is Circle F 533 48th, LLC, represented by Holland & Knight LLP. The offering plan runs 567 pages. The sponsor has filed 5 amendments, the latest in January 2021. The nearest other condo plan on file is Solarium Condominium, next door.
Plan CD180474 · New · accepted Apr 29, 2019 · AG record ↗
Closings Pro
| Homes closed95% of the homes in the plan | 41 of 43 |
| Closingsfirst and latest recorded | Apr 7, 2020 – Dec 10, 2021 |
Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 41 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3A | Apr 7, 2020 | $1,450,000 | — | — |
| 2B | Apr 24, 2020 | $1,326,475 | — | — |
| PH3 | Apr 24, 2020 | $2,100,000 | — | — |
| 4E | May 4, 2020 | $1,895,000 | — | — |
| 5A | May 5, 2020 | $1,425,000 | — | — |
| 2D | May 8, 2020 | $1,485,000 | — | — |
| 5N | May 19, 2020 | $1,435,733 | — | — |
| 5J | May 20, 2020 | $1,090,000 | — | — |
| 3D | May 26, 2020 | $1,352,228 | — | — |
| 4F | May 27, 2020 | $1,360,000 | — | — |
| 3E | Jun 11, 2020 | $1,945,000 | — | — |
| 6A | Jun 12, 2020 | $1,420,000 | — | — |
| 4B | Jun 15, 2020 | $1,180,000 | — | — |
| 2E | Jun 19, 2020 | $1,920,000 | — | — |
| 2A | Jul 9, 2020 | $1,550,000 | — | — |
| 4A | Aug 25, 2020 | $1,399,003 | — | — |
| 2C | Sep 24, 2020 | $925,000 | — | — |
| 5I | Sep 25, 2020 | $1,860,000 | — | — |
| 5M | Oct 26, 2020 | $1,260,000 | — | — |
| PH1 | Jan 8, 2021 | $2,217,749 | — | — |
| 4C | Feb 10, 2021 | $850,000 | — | — |
| 3B | Feb 18, 2021 | $1,225,900 | — | — |
| PH2 | Feb 19, 2021 | $1,875,000 | — | — |
| 6N | Mar 16, 2021 | $1,438,787 | — | — |
| 3C | Mar 24, 2021 | $880,000 | — | — |
| 5L | Apr 15, 2021 | $870,604 | — | — |
| 6J | May 3, 2021 | $981,000 | — | — |
| 6I | May 11, 2021 | $1,840,000 | — | — |
| 2G | Jun 14, 2021 | $1,240,000 | — | — |
| 6L | Jun 28, 2021 | $865,000 | — | — |
| 3F | Jul 6, 2021 | $1,385,000 | — | — |
| 5K | Jul 6, 2021 | $1,423,500 | — | — |
| 2F | Jul 27, 2021 | $1,400,000 | — | — |
| 4D | Aug 2, 2021 | $1,320,000 | — | — |
| 3H | Aug 4, 2021 | $665,000 | — | — |
| 2H | Aug 6, 2021 | $650,000 | — | — |
| 6K | Sep 1, 2021 | $1,329,000 | — | — |
| 3G | Sep 2, 2021 | $1,260,000 | — | — |
| 6M | Sep 30, 2021 | $1,240,000 | — | — |
| 4G | Oct 6, 2021 | $1,230,000 | — | — |
| 4H | Dec 10, 2021 | $640,000 | — | — |
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
- Circle F 533 48th, LLC
- Developer
- Circle F Capital
- Principals
- David Feldman, Gary Feldman
- Counsel
- Holland & Knight LLP
- Tax estimate
- Marcus & Pollack LLPPrepared the first-year real estate tax projection
- Construction lender
- Centennial Bank$22.8 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Solarium Condominiumnext door · 35 units · 20 parking · 2009
- 5th Street Lofts Condominiumnext door · 118 units · 59 parking · 2007
- Greystone Condominiumnext door · 12 units · 4 parking · 2018
- 5-41 47th Road Condominiumnext door · 3 units · 2014
- 8 On 5thnext door · 7 units
- 5-15 Condominiumnext door · 4 units · 2023