Alliance Tower Condominium
133-20 41st Road, Queens, NY 11355
Overview
Alliance Tower is a condo in Queens, with 12 commercial units.
- Offering plan: Accepted September 2021 · 296 pages
- Prices: $1,439 a square foot on average, as first offered; $26 million in all
- Common charges: $521–$2,719 a month, the sponsor's first-year estimate
- Utilities: Electricity paid by the owner; water and sewer in the common charges p. 252
- Sponsor: Gs Main Street Realty, LLC, represented by Lawrence Lixin Yang, P.C.; principals Xi Zhao and Xi Mo
- Neighborhood: Flushing, Queens
- Subway: 5-minute walk to Flushing-Main St (7)
- Amendments: 6, the latest in April 2026
- Units
- 12 commercial
- Neighborhood
- Flushing, Queens
- Subway
- 5 min walk to Flushing-Main St 7
- Principals
- Xi Zhao, Xi Mo
- Average $/sf
- $1,439Homes in Schedule A, as first offered
- Common charges
- $521–$2,719 a monthSponsor's first-year estimate in Schedule A, July 1, 2022—June 30, 2023
- Offering price
- $26 million total
- Floor plans
- Pages 180–207 of the plan
- AcceptedSeptember 2021
- 6 amendments
- First sale
- Latest sale
Units & Prices
Sales
2 of 12 units sold (17%)
| Unit | Sold | Price |
|---|---|---|
| 4A | May 7, 2026 | $1,542,990 |
| 3A | Oct 31, 2024 | $1,749,365 |
From city records (ACRIS), through Sep 30, 2026.
Common Charges & First-Year Budget
Property Taxes
The plan's first-year tax estimate.
The plan estimates $1,069 to $5,580 a year per home. No city tax bills for these homes yet.
The plan's estimate is the sponsor's guess for year one. The city's bill is the real one, from the Department of Finance.
Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
- Sponsor's counsel fee
- $3,000.00Paid by the purchaser to the sponsor's attorneys for the closingp. 12
- Counsel's extra charges
- Transfer taxes
- Paid by the purchaserNew York City and State transfer taxes, by law the seller's, shift to the buyer in a sponsor salep. 12
- Working capital
- “one (1) month's common charge”Contribution to the condominium's working capital fundp. 9
Not listed: title insurance, mortgage tax, lender fees, mansion tax.
The Building
Amendments
Amendment 4 Jun 27, 2023
Amendment declares the offering plan effective after 15.38% of units (2 units) were placed under purchase agreements.
- Offering plan declared effective on June 27, 2023
- Two units in contract: Unit 3A (March 28, 2023) and Unit C1 (May 26, 2023)
- 15.38% of units met the effectiveness threshold
- No closings will occur until this amendment is accepted by the OAG
Amendment 3 Apr 10, 2023
Unit 1A redesigned into two smaller units (new Unit 1A and Unit C1), terrace areas enlarged for Units 2B and 6A, building use updated to include daycare and healthcare community facility units, and floor plans revised accordingly.
- Unit 1A split into Unit C1 (2,519 SF cellar) and new Unit 1A (3,941 SF first floor), down from original 6,463 SF
- Unit 2B terrace increased from 1,150 SF to 1,290 SF
- Unit 6A terrace increased from 897 SF to 1,109 SF
- Building redesignated for community facility daycare (2-6 years old) and 11 treatment healthcare community facility units
- Offering price and common interest percentage revised for Unit 1A
- Purchasers under contract offered 15-day rescission right
- Final Certificate of Occupancy expected by end of September 2023
- No change to common charges or individual expenses
Amendment 2 Dec 22, 2022
Offering prices for all 12 units increased, with total project price rising from $24,730,000.00 to $30,255,000.00.
- Unit 1A price raised from $7,099,000.00 to $8,551,000.00
- Unit 2A price raised from $1,424,000.00 to $1,695,000.00
- Unit 2B price raised from $1,587,000.00 to $1,805,000.00
- Unit 3A price raised from $1,458,000.00 to $1,831,000.00
- Unit 3B price raised from $1,297,000.00 to $1,606,000.00
- Unit 4A price raised from $1,526,000.00 to $1,967,000.00
- Unit 4B price raised from $1,389,000.00 to $1,729,000.00
- Unit 5A price raised from $1,593,000.00 to $2,001,000.00
- Schedule A prices increased for 12 homes (median +23.8%): 1A $7,099,000 → $8,551,000; 2A $1,424,000 → $1,695,000; 2B $1,587,000 → $1,805,000; 3A $1,458,000 → $1,831,000; ...
Amendment 1 Dec 5, 2022
Amendment extends the offering plan term, confirms no construction completion or unit closings yet, and updates tax law disclosures.
- Offering plan term extended; building still under construction with no closings to date
- No changes to common charges or individual unit expenses
- Sponsor owns 100% of units; estimated monthly common charges $9,368.17
- Estimated monthly real estate taxes $1,602.16 with ICAP exemption or $10,740.66 without
- All sponsor units mortgaged to Berkshire Bank; loan details redacted
- No litigation or administrative proceedings affecting the offering
- Updated New York State Tax Law Section 1404(a) disclosures for recording fees, mortgage recording tax, and real estate transfer tax rates
Team
- Sponsor
- Gs Main Street Realty, LLC
- Principals
- Xi Zhao, Xi Mo
- Counsel
- Lawrence Lixin Yang, P.C.
- Construction lender
- The Berkshire BankLender on the mortgage and building loan agreement recorded June 2019 in ACRIS; $11 million recorded
- General contractors
- MKB Construction USA, Great Stone Gen'l, Great Stone Gen'l Const*Held the general construction permit on DOB job 421601715
- Title agency
- Liberty Land Abstract, Inc.The sponsor's title company for buyers; you can choose another · Agent for Chicago Title Insurance Company · Named on p. 69
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
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