THE CONDO BOOK PROJECT

86-50 Dongan Avenue Condominium

86-50 Dongan Avenue, Queens, NY 11373

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Overview

Units
27 residential · 18 parking
Subway
5 min walk to Elmhurst Av M RGrand Av-Newtown M R, 7 min
Average $/sf
$620Homes in Schedule A, as first offered
Offering price
$13.5 million total

The sponsor of record is 33-09 31st Avenue Astoria LLC, represented by Marc Brick. The offering plan runs 282 pages. The sponsor has filed 1 amendment, the latest in August 2024. The nearest other condo plan on file is Broadway Plaza Condominium, next door.

Plan CD150003 · New · accepted Jan 29, 2016 · AG record ↗

Compare

FigureThis building1Dongan Tower235 units · 0.3 miaccepted 2016Sunrise Mansion340 units · 0.9 miaccepted 2018
Common ChargesPer Square Foot / Month$0.41In line$0.26$0.43
Average Offering PricePer Apartment$487,019Below peers$551,595$506,100
Average PricePer Square Foot$620In line$499$700
Average Unit SizeSquare Feet786 SFIn line1,105 SF723 SF

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Unit mix, closings, budgets, finishes and the team, against Dongan Tower 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.

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
33-09 31st Avenue Astoria LLC
Counsel
Marc Brick
Tax estimate
Marc Brick, Esq.Prepared the first-year real estate tax projection

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

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