THE CONDO BOOK PROJECT

Dongan Tower Condominium

81-05 Queens Boulevard, Queens, NY 11373

Overview

Units
35 residential · 1 parking · 7 commercial
Subway
7 min walk to Grand Av-Newtown M RElmhurst Av M R, 7 min
Average $/sf
$499Homes in Schedule A, as first offered
Common charges
$138–$1,069 a monthSponsor's first-year estimate in Schedule A, July 1, 2017 - June 30, 2018
Offering price
$41.4 million total $24.9 million when first offered

The sponsor of record is Dongan Plaza Inc, represented by Lawrence Lixin Yang, P.C.. The offering plan runs 277 pages. The sponsor has filed 6 amendments, the latest in March 2020. The nearest other condo plan on file is Boulevard Condominium, next door.

Plan CD160056 · New · accepted Aug 19, 2016 · AG record ↗

Compare

FigureThis building1Queens Mansion230 units · 0.1 miaccepted 2013Sunrise Mansion340 units · 0.7 miaccepted 2018
Common ChargesPer Square Foot / Month$0.26In line$0.15$0.43
Average Offering PricePer Apartment$551,595Above peers$505,727$506,100
Average PricePer Square Foot$499Below peers$512$700
Property TaxesPer Square Foot / Month$0.09In line$0.08$0.59
Average Unit SizeSquare Feet1,105 SFLarger987 SF723 SF

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Unit mix, closings, budgets, finishes and the team, against Queens Mansion and Sunrise Mansion, 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 A42 of 42
Closingsfirst and latest recordedMay 16, 2024

Sales recorded with the Department of Finance (ACRIS) through Jun 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 43 closings
HomeRecordedClosing priceSchedule ADifference
2AMay 16, 2024$15,650,313one deed, 42 homes$396,000 p. 25—
2BMay 16, 2024$15,650,313one deed, 42 homes$426,000 p. 25—
2CMay 16, 2024$15,650,313one deed, 42 homes$486,000 p. 25—
2DMay 16, 2024$15,650,313one deed, 42 homes$378,000 p. 25—
2EMay 16, 2024$15,650,313one deed, 42 homes$260,000 p. 25—
2FMay 16, 2024$15,650,313one deed, 42 homes$335,000 p. 25—
2GMay 16, 2024$15,650,313one deed, 42 homes$300,000 p. 25—
3AMay 16, 2024$15,650,313one deed, 42 homes$419,000 p. 25—
3BMay 16, 2024$15,650,313one deed, 42 homes$426,000 p. 25—
3CMay 16, 2024$15,650,313one deed, 42 homes$486,000 p. 25—
3DMay 16, 2024$15,650,313one deed, 42 homes$378,000 p. 25—
3EMay 16, 2024$15,650,313one deed, 42 homes$260,000 p. 25—
3FMay 16, 2024$15,650,313one deed, 42 homes$335,000 p. 25—
3GMay 16, 2024$15,650,313one deed, 42 homes$368,000 p. 25—
3HMay 16, 2024$15,650,313one deed, 42 homes$440,000 p. 25—
4AMay 16, 2024$15,650,313one deed, 42 homes$419,000 p. 26—
4BMay 16, 2024$15,650,313one deed, 42 homes$426,000 p. 26—
4CMay 16, 2024$15,650,313one deed, 42 homes$486,000 p. 26—
4DMay 16, 2024$15,650,313one deed, 42 homes$378,000 p. 26—
4EMay 16, 2024$15,650,313one deed, 42 homes$260,000 p. 26—
4FMay 16, 2024$15,650,313one deed, 42 homes$335,000 p. 26—
4GMay 16, 2024$15,650,313one deed, 42 homes$368,000 p. 26—
4HMay 16, 2024$15,650,313one deed, 42 homes$440,000 p. 26—
5AMay 16, 2024$15,650,313one deed, 42 homes$419,000 p. 26—
5BMay 16, 2024$15,650,313one deed, 42 homes$426,000 p. 26—
5CMay 16, 2024$15,650,313one deed, 42 homes$486,000 p. 26—
5DMay 16, 2024$15,650,313one deed, 42 homes$378,000 p. 26—
5EMay 16, 2024$15,650,313one deed, 42 homes$260,000 p. 26—
5FMay 16, 2024$15,650,313one deed, 42 homes$335,000 p. 26—
5GMay 16, 2024$15,650,313one deed, 42 homes$368,000 p. 26—
5HMay 16, 2024$15,650,313one deed, 42 homes$440,000 p. 26—
6AMay 16, 2024$15,650,313one deed, 42 homes$517,000 p. 26—
6BMay 16, 2024$15,650,313one deed, 42 homes$677,000 p. 26—
6CMay 16, 2024$15,650,313one deed, 42 homes$483,000 p. 26—
6DMay 16, 2024$15,650,313one deed, 42 homes$410,000 p. 26—
M1May 16, 2024$15,650,313one deed, 42 homes$2,022,000 p. 25—
M2May 16, 2024$15,650,313one deed, 42 homes$1,408,000 p. 25—
M3May 16, 2024$15,650,313one deed, 42 homes$932,000 p. 25—
M4May 16, 2024$15,650,313one deed, 42 homes$1,430,000 p. 25—
PLMay 16, 2024$15,650,313one deed, 42 homes——
S1May 16, 2024$15,650,313one deed, 42 homes$1,336,000 p. 25—
S2May 16, 2024$15,650,313one deed, 42 homes$705,000 p. 25—
S3May 16, 2024$15,650,313one deed, 42 homes$1,330,000 p. 25—

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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
Dongan Plaza Inc
Construction lender
Cathay Bank$9 million recorded

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

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