THE CONDO BOOK PROJECT

74-25 Condominium

74-25 43rd Avenue, Queens, NY 11373

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Overview

Units
10 residential · 9 parking
Subway
7 min walk to Jackson Hts-Roosevelt Av/74 St-Broadway 7 E F M RElmhurst Av M R, 9 min
Principals
Xin You Lin
Average $/sf
$627Homes in Schedule A, as first offered
Common charges
$319–$465 a monthSponsor's first-year estimate in Schedule A, October 1, 2021 to September 30, 2022
Offering price
$4.7 million total

The sponsor of record is Qiu Fang LLC, represented by James J. Matusiak. The offering plan runs 346 pages. The sponsor has filed 1 amendment, the latest in January 2022. The nearest other condo plan on file is 73 Woodside Manor Condominium, next door.

Plan CD200306 · New · accepted Oct 25, 2021 · AG record ↗

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FigureThis building137-13 103rd29 units · 1.5 miaccepted 2021103320 units · 1.6 miaccepted 2021
Common ChargesPer Square Foot / Month$0.57Highest$0.48$0.46
Average Offering PricePer Apartment$436,000Lowest$715,386$585,150
Average PricePer Square Foot$627Below peers$735$663
Average Unit SizeSquare Feet695 SFSmallest974 SF883 SF

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Unit mix, closings, budgets, finishes and the team, against 37-13 103rd 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 closed100% of the homes in Schedule A10 of 10
Closing prices vs. Schedule A10 homes: $5,736,981 at closing against $4,360,000 in Schedule A (p. 50, p. 51)+31.6%
Average closing price10 homes, on their Schedule A square feet$825 / SF
Closingsfirst and latest recordedJun 22, 2022 – Feb 10, 2026

Sales recorded with the Department of Finance (ACRIS) through Jul 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 10 closings
HomeRecordedClosing priceSchedule ADifference
2CJun 22, 2022$501,930$420,000 p. 50+19.5%
4ASep 26, 2022$690,374$450,000 p. 51+53.4%
3CFeb 7, 2023$503,105$420,000 p. 51+19.8%
3AMay 1, 2023$776,925$510,000 p. 50+52.3%
2BJul 6, 2023$501,930$410,000 p. 50+22.4%
4BSep 15, 2023$580,403$410,000 p. 51+41.6%
2AApr 29, 2024$717,866$510,000 p. 50+40.8%
1AJan 15, 2025$541,709$410,000 p. 50+32.1%
1BJan 15, 2025$466,440$410,000 p. 50+13.8%
3BFeb 10, 2026$456,300$410,000 p. 50+11.3%

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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
Qiu Fang LLC
Principals
Xin You Lin
Tax estimate
Highpoint Incentive Inc.Prepared the first-year real estate tax projection

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

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