THE CONDO BOOK PROJECT

Sunrise Mansion Condominium

70-09 45th Avenue, Queens, NY 11377

Overview

Units
40 residential · 20 parking · 4 commercial
Subway
10 min walk to 69 St 7Jackson Hts-Roosevelt Av/74 St-Broadway 7 E F M R, 13 min
Principals
Choi Yui Chan
Average $/sf
$700Homes in Schedule A, as first offered
Common charges
$201–$370 a monthSponsor's first-year estimate in Schedule A, July 1, 2019- June 30, 2020
Offering price
$30.1 million total $25.6 million when first offered

The sponsor of record is 70-05 Realty Inc., represented by Dai & Associates, P.C.. The offering plan runs 338 pages. The sponsor has filed 10 amendments, the latest in September 2022. The nearest other condo plan on file is Skyhill Tower Condominium, next door.

Plan CD180038 · New · accepted Nov 29, 2018 · AG record ↗

Compare

FigureThis building1Dongan Tower235 units · 0.7 miaccepted 2016103320 units · 1.9 miaccepted 2021
Common ChargesPer Square Foot / Month$0.43In line$0.26$0.46
Average Offering PricePer Apartment$506,100Below peers$551,595$585,150
Average PricePer Square Foot$700Above peers$499$663
Property TaxesPer Square Foot / Month$0.59Highest$0.09$0.47
Average Unit SizeSquare Feet723 SFSmallest1,105 SF883 SF

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Unit mix, closings, budgets, finishes and the team, against Dongan Tower and 103, 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 closed98% of the homes in Schedule A39 of 40
Closing prices vs. Schedule A39 homes: $20,367,377 at closing against $19,783,000 in Schedule A (p. 35, p. 40)+3%
Average closing price39 homes, on their Schedule A square feet$721 / SF
Closingsfirst and latest recordedDec 28, 2020 – Jul 1, 2026

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 39 closings
HomeRecordedClosing priceSchedule ADifference
3ADec 28, 2020$363,012$458,000 p. 35−20.7%
5AJan 14, 2021$464,412$458,000 p. 35+1.4%
5CJan 26, 2021$580,403$508,000 p. 35+14.3%
7AJan 26, 2021$486,720$458,000 p. 40+6.3%
4EFeb 5, 2021$568,000$557,000 p. 35+2%
3EFeb 10, 2021$618,078$557,000 p. 35+11%
6CFeb 16, 2021$498,888$508,000 p. 40−1.8%
2CFeb 22, 2021$496,860$508,000 p. 35−2.2%
5DMar 3, 2021$623,678$606,000 p. 35+2.9%
7EMar 3, 2021$676,057$557,000 p. 40+21.4%
8DMar 9, 2021$712,775$606,000 p. 40+17.6%
5EMar 16, 2021$608,914$557,000 p. 40+9.3%
3BMar 19, 2021$430,950$433,000 p. 35−0.5%
6EMar 19, 2021$661,863$557,000 p. 40+18.8%
8AMay 4, 2021$354,900$458,000 p. 40−22.5%
2EMay 11, 2021$549,973$545,000 p. 35+0.9%
2BJun 2, 2021$429,936$424,000 p. 35+1.4%
4CJul 2, 2021$534,581$508,000 p. 35+5.2%
7DJul 21, 2021$656,771$606,000 p. 40+8.4%
3CJul 30, 2021$524,399$508,000 p. 35+3.2%
5BJul 30, 2021$442,000$433,000 p. 35+2.1%
8EAug 6, 2021$425,880$557,000 p. 40−23.5%
9DNov 2, 2021$697,501$606,000 p. 40+15.1%
6DNov 18, 2021$641,498$606,000 p. 40+5.9%
2DNov 29, 2021$666,954$598,000 p. 35+11.5%
9CDec 10, 2021$621,133$508,000 p. 40+22.3%
9AFeb 22, 2022$436,020$329,000 p. 40+32.5%
6BApr 5, 2022$456,300$433,000 p. 40+5.4%
8CApr 27, 2022$570,220$508,000 p. 40+12.2%
6AApr 28, 2022$616,041$458,000 p. 40+34.5%
7CMay 3, 2022$580,403$508,000 p. 40+14.3%
9BJun 22, 2022$475,200$433,000 p. 40+9.7%
3DJul 25, 2022$325,000$606,000 p. 35−46.4%
4DAug 8, 2022$651,680$606,000 p. 35+7.5%
4AAug 12, 2022$312,000$458,000 p. 35−31.9%
7BAug 22, 2022$350,000$433,000 p. 40−19.2%
4BSep 8, 2022$400,530$433,000 p. 35−7.5%
8BApr 3, 2024$435,000$433,000 p. 40+0.5%
9EJul 1, 2026$422,850$460,000 p. 40−8.1%

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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
70-05 Realty Inc.
Principals
Choi Yui Chan
Construction lender
Popular Bank$6.96 million loan stated in the plan

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

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