THE CONDO BOOK PROJECT

Apollo Plaza Condominium

91-23 Corona Avenue, Queens, NY 11373

Overview

Units
35 residential · 22 parking · 2 commercial
Subway
11 min walk to Grand Av-Newtown M RElmhurst Av M R, 11 min
Principals
Henry T.K. Cheng
Average $/sf
$914Homes in Schedule A, as first offered
Offering price
$23.9 million total $27.5 million when first offered

The sponsor of record is Apollo Development Group Inc., represented by Hc Law & Associates, P.C.. The offering plan runs 401 pages. The sponsor has filed 2 amendments, the latest in November 2024. The nearest other condo plan on file is Alstyne Avenue Condominium I, 0.2 mi away.

Plan CD230204 · New · accepted Dec 15, 2023 · AG record ↗

Compare

FigureThis building1Ckz Tower223 units · 1.1 miaccepted 202473 Woodside Manor329 units · 1 miaccepted 2024
Common ChargesPer Square Foot / Month$0.58 ⚠Below peers$0.78$0.62
Average Offering PricePer Apartment$645,407Above peers$641,304$452,166
Average PricePer Square Foot$914In line$1,036$588
Average Unit SizeSquare Feet707 SFIn line619 SF769 SF

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Unit mix, closings, budgets, finishes and the team, against Ckz Tower and 73 Woodside Manor, 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.

⚠ Read from a partly legible Schedule B.

Closings Pro

Homes closed63% of the homes in Schedule A22 of 35
Closing prices vs. Schedule A19 homes: $11,569,578 at closing against $11,828,625 in Schedule A (p. 52, p. 53)−2.2%
Average closing price19 homes, on their Schedule A square feet$892 / SF
Closingsfirst and latest recordedSep 6, 2024 – Dec 10, 2025

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 22 closings
HomeRecordedClosing priceSchedule ADifference
5GSep 6, 2024$570,220$603,125 p. 53−5.5%
2DSep 27, 2024$547,695$558,750 p. 52−2%
7CSep 30, 2024$702,593$706,000 p. 53−0.5%
P9CSep 30, 2024$702,593——
4COct 4, 2024$546,800$579,250 p. 52−5.6%
5COct 18, 2024$565,129$584,250 p. 53−3.3%
3ANov 6, 2024$734,090$762,000 p. 52−3.7%
3GNov 8, 2024$565,129$593,125 p. 52−4.7%
2BJan 7, 2025$491,726$469,500 p. 52+4.7%
P10CJan 7, 2025$491,726——
2CJan 31, 2025$526,000$565,750 p. 52−7%
3EFeb 4, 2025$661,863$676,625 p. 52−2.2%
4DMar 17, 2025$546,168$572,250 p. 52−4.6%
5DMar 31, 2025$574,000$607,000 p. 53−5.4%
P6CApr 11, 2025$1,562,889——
5FMay 13, 2025$695,000$730,875 p. 53−4.9%
3DMay 19, 2025$594,590$567,250 p. 52+4.8%
6DJun 6, 2025$667,496$626,875 p. 53+6.5%
4EJun 9, 2025$722,958$681,625 p. 52+6.1%
4GAug 27, 2025$568,000$598,125 p. 53−5%
3CAug 29, 2025$546,800$574,250 p. 52−4.8%
5ADec 10, 2025$743,323$772,000 p. 53−3.7%

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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
Apollo Development Group Inc.
Principals
Henry T.K. Cheng
Tax estimate
Platform Real Estate Inc.Prepared the first-year real estate tax projection

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

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