THE CONDO BOOK PROJECT

Justice Ave Tower Condominium

88-08 Justice Avenue, Queens, NY 11373

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Overview

Units
184 residential · 1 parking · 30 commercial
Subway
3 min walk to Grand Av-Newtown M RWoodhaven Blvd M R, 8 min
Principals
Zhidong Wu, Jiashu Xu
Average $/sf
$1,030Homes in Schedule A, as first offered
Common charges
$244–$799 a monthSponsor's first-year estimate in Schedule A, December 1, 2020 to November 30, 2021
Offering price
$290.8 million total $294.6 million when first offered

The sponsor of record is Justice Ave Tower LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 364 pages. The sponsor has filed 6 amendments, the latest in June 2026. The nearest other condo plan on file is 88 Elmhurst Condominium, next door.

Plan CD190421 · New · accepted Dec 2, 2020 · AG record ↗

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FigureThis building1Flushing Garden2131 units · 3.3 miaccepted 2021Prince3120 units · 2.9 miaccepted 2023
Common ChargesPer Square Foot / Month$0.54Below peers$0.58$0.78
Average Offering PricePer Apartment$700,163In line$656,794$920,159
Average PricePer Square Foot$1,030Below peers$1,056$1,298
Property TaxesPer Square Foot / Month$0.96Above peers$0.68$0.92
Average Unit SizeSquare Feet680 SFIn line622 SF709 SF

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Unit mix, closings, budgets, finishes and the team, against Flushing Garden and Prince, 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 closed95% of the homes in Schedule A175 of 184
Closing prices vs. Schedule A175 homes: $113,217,725 at closing against $120,394,000 in Schedule A (p. 39, p. 40, p. 41, p. 42, p. 43, p. 44)−6%
Average closing price175 homes, on their Schedule A square feet$961 / SF
Closingsfirst and latest recordedAug 20, 2021 – Oct 17, 2025

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 175 closings
HomeRecordedClosing priceSchedule ADifference
8EAug 20, 2021$513,006$581,000 p. 40−11.7%
12GAug 20, 2021$612,640$694,000 p. 42−11.7%
9NSep 7, 2021$373,909$495,000 p. 41−24.5%
6MSep 9, 2021$360,780$479,000 p. 39−24.7%
15FSep 9, 2021$698,843$693,000 p. 42+0.8%
17MSep 9, 2021$512,939$583,000 p. 43−12%
6ASep 10, 2021$694,901$834,000 p. 39−16.7%
6NSep 10, 2021$358,893$476,000 p. 39−24.6%
15GSep 10, 2021$693,678$710,000 p. 42−2.3%
11JSep 13, 2021$759,361$785,000 p. 41−3.3%
17KSep 13, 2021$704,473$801,000 p. 43−12.1%
5BSep 14, 2021$620,314$641,000 p. 39−3.2%
6HSep 14, 2021$679,173$688,000 p. 39−1.3%
7ESep 14, 2021$559,373$578,000 p. 40−3.2%
10NSep 14, 2021$461,620$501,000 p. 41−7.9%
12FSep 14, 2021$597,099$679,000 p. 42−12.1%
13ESep 14, 2021$584,523$604,000 p. 42−3.2%
6CSep 15, 2021$636,656$645,000 p. 39−1.3%
7NSep 15, 2021$446,410$484,000 p. 40−7.8%
8ASep 15, 2021$829,874$843,000 p. 40−1.6%
10FSep 15, 2021$618,328$668,000 p. 41−7.4%
11MSep 15, 2021$443,368$506,000 p. 41−12.4%
13ISep 15, 2021$663,845$686,000 p. 42−3.2%
17BSep 15, 2021$677,386$700,000 p. 43−3.2%
8GSep 16, 2021$665,936$675,000 p. 40−1.3%
8KSep 20, 2021$747,672$747,000 p. 40+0.1%
7FSep 27, 2021$630,510$657,000 p. 40−4%
9KSep 29, 2021$697,715$751,000 p. 41−7.1%
12BSep 29, 2021$658,003$671,000 p. 41−1.9%
12HSep 29, 2021$700,770$715,000 p. 42−2%
12LSep 29, 2021$593,293$672,000 p. 42−11.7%
16LSep 29, 2021$612,640$694,000 p. 43−11.7%
10MSep 30, 2021$440,553$501,000 p. 41−12.1%
13LSep 30, 2021$660,040$680,000 p. 42−2.9%
15CSep 30, 2021$664,877$685,000 p. 42−2.9%
18DSep 30, 2021$760,000$760,000 p. 430%
7DOct 1, 2021$690,587$697,000 p. 40−0.9%
7JOct 1, 2021$745,167$768,000 p. 40−3%
15AOct 1, 2021$902,180$884,000 p. 42+2.1%
7GOct 5, 2021$671,240$671,000 p. 40+0%
9FOct 6, 2021$654,985$663,000 p. 40−1.2%
16IOct 6, 2021$618,445$701,000 p. 43−11.8%
7HOct 8, 2021$692,788$692,000 p. 40+0.1%
8IOct 8, 2021$674,295$660,000 p. 40+2.2%
11LOct 8, 2021$587,490$666,000 p. 41−11.8%
PH-AOct 14, 2021$935,732$1,062,000 p. 44−11.9%
16BOct 15, 2021$679,386$693,000 p. 43−2%
16FOct 15, 2021$650,875$701,000 p. 43−7.2%
17COct 15, 2021$693,642$700,000 p. 43−0.9%
17IOct 15, 2021$625,216$708,000 p. 43−11.7%
11AOct 18, 2021$755,808$857,000 p. 41−11.8%
7MOct 21, 2021$468,690$484,000 p. 40−3.2%
11EOct 21, 2021$521,712$591,000 p. 41−11.7%
8NOct 22, 2021$453,480$490,000 p. 40−7.5%
9IOct 22, 2021$644,563$664,000 p. 40−2.9%
6FOct 25, 2021$626,437$652,000 p. 39−3.9%
17AOct 26, 2021$838,233$903,000 p. 43−7.2%
18FOct 26, 2021$684,478$715,000 p. 43−4.3%
6EOct 27, 2021$569,918$574,000 p. 39−0.7%
13KOct 27, 2021$785,240$776,000 p. 42+1.2%
9COct 29, 2021$650,184$656,000 p. 40−0.9%
11NOct 29, 2021$466,440$506,000 p. 41−7.8%
12COct 29, 2021$651,334$671,000 p. 41−2.9%
8FNov 1, 2021$660,040$660,000 p. 40+0%
9BNov 4, 2021$609,127$656,000 p. 40−7.1%
5ENov 5, 2021$553,142$571,000 p. 39−3.1%
6LNov 5, 2021$489,822$647,000 p. 39−24.3%
9HNov 5, 2021$700,770$700,000 p. 40+0.1%
10KNov 5, 2021$732,591$755,000 p. 41−3%
13FNov 9, 2021$636,620$685,000 p. 42−7.1%
11INov 12, 2021$507,527$671,000 p. 41−24.4%
8LNov 18, 2021$577,817$655,000 p. 40−11.8%
7INov 19, 2021$645,784$657,000 p. 40−1.7%
9GNov 19, 2021$669,444$679,000 p. 40−1.4%
13CNov 19, 2021$671,240$678,000 p. 42−1%
15ENov 23, 2021$608,914$611,000 p. 42−0.3%
9JNov 24, 2021$777,138$777,000 p. 40+0%
11GNov 24, 2021$624,932$686,000 p. 41−8.9%
6JDec 1, 2021$755,594$765,000 p. 39−1.2%
9DDec 1, 2021$641,896$705,000 p. 40−9%
15BDec 2, 2021$683,346$685,000 p. 42−0.2%
16KDec 2, 2021$792,576$792,000 p. 43+0.1%
17FDec 3, 2021$658,003$708,000 p. 43−7.1%
17LDec 3, 2021$715,025$702,000 p. 43+1.9%
10IDec 10, 2021$438,505$668,000 p. 41−34.4%
10EDec 14, 2021$581,634$587,000 p. 41−0.9%
5LDec 15, 2021$294,060$457,000 p. 39−35.7%
7BDec 15, 2021$643,748$649,000 p. 40−0.8%
7CDec 15, 2021$642,729$649,000 p. 40−1%
8DDec 22, 2021$692,114$702,000 p. 40−1.4%
9EDec 23, 2021$542,941$584,000 p. 40−7%
10LDec 23, 2021$583,620$661,000 p. 41−11.7%
11BDec 23, 2021$658,223$663,000 p. 41−0.7%
15IDec 23, 2021$628,668$693,000 p. 42−9.3%
7LDec 29, 2021$498,787$650,000 p. 40−23.3%
10JDec 29, 2021$774,084$781,000 p. 41−0.9%
16EDec 29, 2021$584,476$617,000 p. 43−5.3%
8CJan 3, 2022$593,997$652,000 p. 40−8.9%
12EJan 6, 2022$592,835$597,000 p. 42−0.7%
16MJan 6, 2022$579,028$578,000 p. 43+0.2%
13AJan 10, 2022$812,777$876,000 p. 42−7.2%
12AJan 14, 2022$823,978$867,000 p. 41−5%
16DJan 19, 2022$745,676$745,000 p. 43+0.1%
11CJan 20, 2022$663,094$663,000 p. 41+0%
13BJan 20, 2022$621,133$678,000 p. 42−8.4%
8HJan 21, 2022$684,478$695,000 p. 40−1.5%
8MJan 21, 2022$430,920$490,000 p. 40−12.1%
10CJan 21, 2022$660,855$660,000 p. 41+0.1%
6DJan 27, 2022$687,532$694,000 p. 39−0.9%
18LJan 27, 2022$704,843$708,000 p. 44−0.4%
5MJan 28, 2022$428,130$462,000 p. 39−7.3%
9MJan 31, 2022$499,110$495,000 p. 41+0.8%
13HJan 31, 2022$664,376$723,000 p. 42−8.1%
8BFeb 2, 2022$645,784$652,000 p. 40−1%
13NFeb 2, 2022$568,052$567,000 p. 42+0.2%
6BFeb 3, 2022$639,675$646,000 p. 39−1%
10AFeb 3, 2022$800,694$853,000 p. 41−6.1%
17EFeb 3, 2022$616,327$624,000 p. 43−1.2%
5CFeb 4, 2022$634,583$641,000 p. 39−1%
10BFeb 4, 2022$620,400$660,000 p. 41−6%
17HFeb 8, 2022$746,674$746,000 p. 43+0.1%
6KFeb 9, 2022$731,317$738,000 p. 39−0.9%
8JFeb 9, 2022$772,619$772,000 p. 40+0.1%
12NFeb 9, 2022$562,064$561,000 p. 42+0.2%
18BFeb 10, 2022$686,159$707,000 p. 43−2.9%
13JFeb 14, 2022$731,567$803,000 p. 42−8.9%
10GFeb 25, 2022$602,967$683,000 p. 41−11.7%
17DFeb 28, 2022$698,733$752,000 p. 43−7.1%
15LMar 2, 2022$606,837$688,000 p. 42−11.8%
11DMar 10, 2022$713,702$713,000 p. 41+0.1%
12IMar 14, 2022$498,991$679,000 p. 42−26.5%
9AMar 17, 2022$865,726$848,000 p. 40+2.1%
10DMar 25, 2022$707,684$710,000 p. 41−0.3%
6IMar 30, 2022$456,300$653,000 p. 39−30.1%
13MMar 30, 2022$579,798$567,000 p. 42+2.3%
12DApr 1, 2022$722,725$722,000 p. 41+0.1%
15NApr 4, 2022$559,019$572,000 p. 43−2.3%
12MApr 5, 2022$407,850$561,000 p. 42−27.3%
7AApr 6, 2022$837,215$838,000 p. 40−0.1%
11FApr 7, 2022$496,860$671,000 p. 41−26%
9LApr 8, 2022$498,239$658,000 p. 41−24.3%
10HApr 8, 2022$701,513$703,000 p. 41−0.2%
12KApr 13, 2022$767,974$768,000 p. 42−0%
5FApr 20, 2022$641,711$649,000 p. 39−1.1%
15KApr 21, 2022$745,475$784,000 p. 42−4.9%
5AApr 26, 2022$721,135$736,000 p. 39−2%
11KMay 4, 2022$758,810$759,000 p. 41−0%
15DMay 13, 2022$735,000$737,000 p. 42−0.3%
6GMay 17, 2022$668,186$668,000 p. 39+0%
16JMay 17, 2022$617,089$821,000 p. 43−24.8%
15JMay 18, 2022$772,019$812,000 p. 42−4.9%
5JMay 24, 2022$744,554$760,000 p. 39−2%
5IMay 27, 2022$636,620$649,000 p. 39−1.9%
5HMay 31, 2022$677,839$684,000 p. 39−0.9%
16CJun 1, 2022$642,479$692,000 p. 43−7.2%
7KJun 3, 2022$680,905$743,000 p. 40−8.4%
17GJun 6, 2022$739,463$724,000 p. 43+2.1%
5KJun 10, 2022$580,616$735,000 p. 39−21%
16GJun 15, 2022$458,100$716,000 p. 43−36%
13DJun 28, 2022$729,281$729,000 p. 42+0%
5GJun 29, 2022$656,985$663,000 p. 39−0.9%
18EJul 1, 2022$643,748$630,000 p. 43+2.2%
5DJul 19, 2022$683,766$690,000 p. 39−0.9%
16NAug 16, 2022$578,580$578,000 p. 43+0.1%
11HOct 26, 2022$579,728$707,000 p. 41−18%
18MDec 21, 2022$577,561$589,000 p. 44−1.9%
18KMar 31, 2023$794,043$810,000 p. 44−2%
18NApr 20, 2023$572,470$589,000 p. 44−2.8%
12JAug 22, 2023$776,120$794,000 p. 42−2.3%
18GAug 5, 2024$732,702$732,000 p. 43+0.1%
18HAug 26, 2024$728,049$754,000 p. 44−3.4%
15HJun 12, 2025$760,000$730,000 p. 42+4.1%
15MJul 18, 2025$628,474$572,000 p. 42+9.9%
16HJul 21, 2025$812,564$738,000 p. 43+10.1%
PH-BOct 17, 2025$1,325,975$1,908,000 p. 44−30.5%

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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
Justice Ave Tower LLC
Principals
Zhidong Wu, Jiashu Xu
Tax estimate
Highpoint Incentive, Inc.Prepared the first-year real estate tax projection
Construction lender
First Commercial Bank$71.8 million recorded

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

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