THE CONDO BOOK PROJECT

Woodside Manor Condominium

56-02 31st Avenue Aka 31-19 56th Street, Queens, NY 11377

Overview

Units
47 residential · 88 parking · 14 commercial
Subway
7 min walk to Northern Blvd M R46 St M R, 10 min
Principals
Cheung K. Kui
Offering price
$64.3 million total $58.5 million when first offered

The sponsor of record is 31 Ave Realty LLC, represented by Thomas E. Berinato, Attorney At Law. The offering plan runs 343 pages. The sponsor has filed 3 amendments, the latest in January 2025. The nearest other condo plan on file is 90-14 Condominium, 0.1 mi away.

Plan CD200304 · New · accepted Oct 21, 2021 · AG record ↗

Compare

FigureThis building1Candle Factory230 units · 1.7 miaccepted 2021Athena Lic351 units · 1.9 miaccepted 2023
Average Offering PricePer Apartment$1.24MAbove peers$899,223$1.11M

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Unit mix, closings, budgets, finishes and the team, against Candle Factory and Athena Lic, cited to the offering plans. No credit card required.

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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 closed49% of the homes in the plan23 of 47
Closingsfirst and latest recordedFeb 10, 2023 – Apr 28, 2025

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 23 closings
HomeRecordedClosing priceSchedule ADifference
2IFeb 10, 2023$537,636——
3AFeb 17, 2023$773,870——
3RMar 1, 2023$843,111——
4FMar 10, 2023$619,096——
4HMay 17, 2023$609,932——
2HMay 30, 2023$560,038——
2GJun 1, 2023$578,366——
3QJun 5, 2023$814,600——
4BJun 15, 2023$539,673——
4PJun 16, 2023$688,846——
2AJul 6, 2023$692,410——
4CJul 27, 2023$568,184——
3BAug 2, 2023$570,220——
4ESep 26, 2023$585,494——
3GFeb 21, 2024$568,184——
3NAug 2, 2024$584,476——
3CAug 29, 2024$585,494——
4DSep 16, 2024$558,001——
3SSep 17, 2024$539,673——
4RDec 19, 2024$885,878——
2BJan 15, 2025$568,184——
3JFeb 13, 2025$790,865——
3DApr 28, 2025$587,530——

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

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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
31 Ave Realty LLC
Principals
Cheung K. Kui
Construction lender
Cathay Bank$23 million recorded

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

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