THE CONDO BOOK PROJECT

Tangram House South Condominium

133-27 39th Avenue, Queens, NY 11354

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Overview

A 192-unit, 15-story tower in downtown Flushing, the first residential building of the four-tower Tangram project. Many shared amenities depend on towers that weren't built yet, and the sponsor can keep board control for up to 25 years. The offering plan specifies quartz kitchen countertops and Miele appliances.

  • Address: 133-27 39th Avenue, Flushing, Queens
  • Plan: CD170059, accepted for filing in October 2017
  • Residences: 192, including the resident manager's unit: 25 studios, 75 one-bedrooms, 70 two-bedrooms and 22 three-bedrooms, from about 475 to 2,460 sq ft. Homes sit on floors 2, 3, 5 to 12 and four penthouse levels (PH, PH1, PH2, PH3).
  • Other units: a Retail Unit and a Parking Unit, which the sponsor keeps
  • Parking and storage: 134 paid parking spaces for residents, run as a valet garage you contract for separately. 113 storage units of about 20 to 60 sq ft, sold as licenses for $20,000 to $39,000, plus a monthly fee.
  • First offering: about $212.9 million for the residences and $3.1 million for storage. Studios ran about $625,000 to $698,000, one-bedrooms about $683,000 to $872,000, two-bedrooms about $979,000 to $1.4 million and three-bedrooms about $1.87 million to $3.1 million (sponsor offering prices, not sales).
  1. AcceptedOctober 2017
  2. 9 amendments
  3. First sale
  4. Latest sale

Sales

191 of 192 units sold (99%)

$216.1 millionin sales
$1,233/SFaverage sale price
August 2019 – November 2024first to latest sale
UnitSoldPrice
5JNov 1, 2024$781,702
5KNov 1, 2024$770,306
PH RSep 26, 2024$2,029,668
10RMay 1, 2024$1,979,336
12QDec 19, 2023$2,058,139
PH2 BOct 26, 2023$2,785,658
12RAug 15, 2023$2,029,871
PH3 BAug 14, 2023$2,697,427
PH2 CJul 10, 2023$2,772,624
PH2 FJun 14, 2023$2,682,478
PH2 AMay 31, 2023$3,020,253
9QOct 11, 2022$2,035,482
8EApr 6, 2022$734,850
PH2 DMar 25, 2022$3,099,800
11QMar 9, 2022$2,041,654
9RFeb 24, 2022$1,906,409
PH CJan 21, 2022$1,241,135
7HJan 14, 2022$1,311,171
PH1 COct 20, 2021$2,785,240
3QOct 5, 2021$1,305,092
7SSep 10, 2021$601,128
10JAug 26, 2021$695,142
5CAug 24, 2021$946,062
6CAug 4, 2021$954,585
PH1 AJul 27, 2021$1,200,030
10QJul 23, 2021$2,025,208
7FJun 22, 2021$744,876
8FMay 28, 2021$751,410
PH1 GMay 20, 2021$2,891,668
12CMay 14, 2021$1,140,424
3NMay 12, 2021$791,639
9CApr 29, 2021$1,108,937
10NApr 7, 2021$853,010
9PMar 31, 2021$742,365
PH3 AMar 31, 2021$2,701,774
PH PMar 26, 2021$905,776
11PMar 25, 2021$854,261
8NMar 16, 2021$829,060
10FMar 9, 2021$759,213
12FMar 8, 2021$873,648
11FMar 5, 2021$880,786
PH GFeb 19, 2021$1,304,644
12DFeb 16, 2021$721,655
5PJan 29, 2021$1,348,989
PH HJan 22, 2021$1,424,329
PH DJan 14, 2021$712,775
7EJan 8, 2021$741,755
PH AJan 8, 2021$761,889
6DJan 7, 2021$603,741
11BJan 7, 2021$618,130
8CJan 6, 2021$989,365
8GJan 6, 2021$1,098,611
8JJan 6, 2021$696,595
3FJan 5, 2021$697,557
12GJan 5, 2021$1,139,254
12LJan 5, 2021$1,072,732
11CDec 31, 2020$1,128,221
6NDec 18, 2020$733,179
6SDec 18, 2020$605,447
11NDec 18, 2020$783,394
12NDec 18, 2020$790,033
PH1 HDec 17, 2020$2,775,904
PH KDec 14, 2020$833,979
3PNov 30, 2020$1,263,466
6PNov 30, 2020$1,321,547
9JNov 30, 2020$807,545
PH LNov 20, 2020$1,267,721
PH1 DNov 17, 2020$2,791,157
PH BNov 16, 2020$714,812
PH2 ENov 16, 2020$2,779,823
12SNov 9, 2020$769,777
10POct 28, 2020$872,498
PH1 FOct 28, 2020$1,364,425
7POct 22, 2020$1,333,398
7NOct 19, 2020$821,851
8POct 13, 2020$1,345,252
12POct 8, 2020$803,700
9NSep 30, 2020$845,719
8LSep 23, 2020$1,199,612
PH ESep 22, 2020$922,891
PH NSep 21, 2020$916,823
5NSep 3, 2020$835,689
6GAug 21, 2020$1,209,681
12KAug 20, 2020$814,876
5SAug 19, 2020$630,531
PH MAug 5, 2020$1,308,137
6QJul 27, 2020$1,421,274
PH FJul 24, 2020$932,749
PH1 BJul 16, 2020$1,226,991
7JJul 15, 2020$767,750
6LJul 10, 2020$1,179,622
PH1 EJul 9, 2020$1,317,891
8SJun 29, 2020$687,503
5EJun 18, 2020$809,714
7KJun 9, 2020$760,237
PH QMay 22, 2020$2,140,465
11MMay 21, 2020$1,193,584
11SMay 15, 2020$789,706
12JMay 8, 2020$812,100
PH JMay 1, 2020$846,310
PH SApr 23, 2020$824,795
3CApr 9, 2020$1,017,201
11RApr 6, 2020$2,004,610
9FMar 31, 2020$851,624
5FMar 13, 2020$869,362
11HMar 13, 2020$1,369,546
11JMar 13, 2020$792,720
12MMar 11, 2020$1,257,437
12HMar 5, 2020$1,380,504
12AMar 4, 2020$818,359
10EFeb 28, 2020$892,385
10KFeb 26, 2020$778,779
3HFeb 21, 2020$1,243,569
11LFeb 21, 2020$1,182,312
11AFeb 14, 2020$835,649
7DFeb 12, 2020$675,793
3TFeb 10, 2020$695,110
8MFeb 10, 2020$1,190,671
11DFeb 10, 2020$716,544
7MFeb 7, 2020$1,154,769
11GFeb 7, 2020$1,254,831
6BFeb 6, 2020$662,627
10DFeb 6, 2020$711,422
7CFeb 5, 2020$1,149,584
12BFeb 5, 2020$697,873
8DJan 31, 2020$680,763
10MJan 31, 2020$1,183,880
10AJan 30, 2020$804,265
10BJan 30, 2020$699,018
3EJan 29, 2020$761,132
9AJan 29, 2020$797,219
10CJan 28, 2020$1,180,101
11EJan 27, 2020$853,091
9EJan 24, 2020$838,632
5TJan 23, 2020$765,227
7BJan 23, 2020$684,152
3JJan 22, 2020$721,696
6TJan 22, 2020$775,805
8TJan 22, 2020$800,499
3AJan 17, 2020$731,156
6KJan 15, 2020$754,057
8BJan 15, 2020$689,112
9DJan 14, 2020$706,300
9SJan 14, 2020$775,663
5GJan 13, 2020$1,205,507
6FJan 13, 2020$835,352
8KJan 13, 2020$766,418
6MJan 10, 2020$1,145,065
12EJan 10, 2020$860,320
5AJan 9, 2020$786,578
7TJan 9, 2020$756,144
3LJan 8, 2020$1,082,106
8AJan 8, 2020$808,604
11KJan 6, 2020$808,512
9LDec 30, 2019$1,209,610
10SDec 30, 2019$782,679
6JDec 27, 2019$761,509
10HDec 27, 2019$1,399,351
7ADec 24, 2019$777,923
5BDec 23, 2019$657,790
5DDec 20, 2019$665,854
6EDec 20, 2019$861,878
7LDec 20, 2019$1,143,862
6ADec 19, 2019$793,921
9GDec 19, 2019$1,282,131
3DDec 18, 2019$654,053
3SDec 18, 2019$653,005
9BDec 17, 2019$694,071
10GDec 17, 2019$1,293,575
5RDec 16, 2019$1,300,143
3MDec 10, 2019$1,092,420
3KDec 6, 2019$724,140
9MDec 6, 2019$1,227,014
8HDec 5, 2019$1,336,678
3BDec 4, 2019$636,031
9HDec 2, 2019$1,347,634
3RNov 26, 2019$1,265,543
10LNov 19, 2019$1,172,699
3GNov 18, 2019$1,152,986
9KNov 8, 2019$795,775
6RNov 6, 2019$1,343,226
6HOct 30, 2019$1,287,802
5LOct 29, 2019$1,169,624
5QOct 22, 2019$1,409,382
7GOct 22, 2019$1,227,827
7QOct 18, 2019$1,433,177
8ROct 16, 2019$1,350,364
8QOct 11, 2019$1,396,205
7RSep 30, 2019$1,360,291
5HAug 27, 2019$1,277,283
5MAug 27, 2019$1,186,456
Every sale: 191 recorded sales, with price and dateGet Full Access

From city records (ACRIS), through Sep 30, 2026.

Common Charges & First-Year Budget

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills.

HomePlan's estimateFirst yearCurrent
3A$118$1,359FY2026
3B$79$918FY2026
3C$157$1,813FY2026
3D$82$943FY2026
3E$119$1,372FY2026
3F$121$1,398FY2026
3G$181$2,088FY2026
3H$180$2,079FY2026
3J$102$1,181FY2026
3K$102$1,173FY2026
3L$158$1,824FY2026
3M$159$1,842FY2026
3N$119$1,372FY2026
3P$194$2,244FY2026
3Q$189$2,152FY2023$2,182FY2026
3R$179$2,062FY2026
3S$82$941FY2026
3T$116$1,336FY2026
5A$119$1,376FY2026
5B$79$918FY2026
5C$161$1,874FY2024$1,865FY2026
5D$82$943FY2026
5E$121$1,401FY2026
5F$123$1,426FY2026
5G$184$2,128FY2026
5H$184$2,120FY2026
5J$105$1,212FY2026$1,212FY2026
5K$104$1,196FY2026$1,196FY2026
5L$161$1,861FY2026
5M$163$1,881FY2026
5N$121$1,396FY2026
5P$198$2,288FY2026
5Q$193$2,225FY2026
5R$183$2,108FY2026
5S$81$939FY2026
5T$118$1,361FY2026
6A$119$1,376FY2026
6B$79$918FY2026
6C$161$1,874FY2024$1,865FY2026
6D$82$943FY2026
6E$121$1,401FY2026
6F$123$1,426FY2026
6G$184$2,128FY2026
6H$184$2,120FY2026
6J$105$1,212FY2026
6K$104$1,196FY2026
6L$161$1,861FY2026
6M$163$1,881FY2026
6N$121$1,396FY2026
6P$198$2,288FY2026
6Q$193$2,225FY2026
6R$183$2,108FY2026
6S$81$939FY2026
6T$118$1,361FY2026
7A$119$1,376FY2026
7B$79$918FY2026
7C$161$1,865FY2026
7D$82$943FY2026
7E$121$1,401FY2026
7F$123$1,426FY2026
7G$184$2,128FY2026
7H$184$2,091FY2023$2,120FY2026
7J$105$1,212FY2026
7K$104$1,196FY2026
7L$161$1,861FY2026
7M$163$1,881FY2026
7N$121$1,396FY2026
7P$198$2,288FY2026
7Q$193$2,225FY2026
7R$183$2,108FY2026
7S$81$944FY2024$939FY2026
7T$118$1,361FY2026
8A$119$1,376FY2026
8B$79$918FY2026
8C$161$1,865FY2026
8D$82$943FY2026
8E$121$1,382FY2023$1,401FY2026
8F$123$1,426FY2026
8G$184$2,128FY2026
8H$184$2,120FY2026
8J$105$1,212FY2026
8K$104$1,196FY2026
8L$161$1,861FY2026
8M$163$1,881FY2026
8N$121$1,396FY2026
8P$198$2,288FY2026
8Q$193$2,225FY2026
8R$183$2,108FY2026
8S$81$939FY2026
8T$118$1,361FY2026
9A$118$1,359FY2026
9B$79$918FY2026
9C$161$1,865FY2026
9D$82$943FY2026
9E$121$1,401FY2026
9F$123$1,419FY2026
9G$184$2,130FY2026
9H$184$2,120FY2026
9J$105$1,212FY2026
9K$104$1,196FY2026
9L$161$1,861FY2026
9M$163$1,881FY2026
9N$122$1,411FY2026
9P$125$1,442FY2026
9Q$272$7,235FY2026
9R$271$7,210FY2026
9S$118$1,361FY2026
10A$118$1,359FY2026
10B$79$918FY2026
10C$161$1,865FY2026
10D$82$943FY2026
10E$121$1,401FY2026
10F$123$1,419FY2026
10G$184$2,130FY2026
10H$184$2,120FY2026
10J$105$1,195FY2023$1,212FY2026
10K$104$1,196FY2026
10L$161$1,861FY2026
10M$163$1,881FY2026
10N$122$1,411FY2026
10P$125$1,442FY2026
10Q$272$7,235FY2026
10R$271$7,286FY2025$7,210FY2026
10S$118$1,361FY2026
11A$118$1,359FY2026
11B$79$918FY2026
11C$161$1,865FY2026
11D$82$943FY2026
11E$121$1,401FY2026
11F$123$1,419FY2026
11G$184$2,130FY2026
11H$184$2,120FY2026
11J$105$1,212FY2026
11K$104$1,196FY2026
11L$161$1,861FY2026
11M$163$1,881FY2026
11N$122$1,411FY2026
11P$125$1,442FY2026
11Q$272$7,235FY2026
11R$271$7,210FY2026
11S$118$1,361FY2026
12A$118$1,359FY2026
12B$79$918FY2026
12C$161$1,865FY2026
12D$82$943FY2026
12E$121$1,401FY2026
12F$123$1,419FY2026
12G$184$2,130FY2026
12H$184$2,120FY2026
12J$105$1,212FY2026
12K$104$1,196FY2026
12L$161$1,861FY2026
12M$163$1,881FY2026
12N$122$1,411FY2026
12P$125$1,442FY2026
12Q$272$7,310FY2025$7,235FY2026
12R$271$7,286FY2025$7,210FY2026
12S$118$1,361FY2026
PH A$118$1,359FY2026
PH B$79$918FY2026
PH C$161$1,839FY2023$1,865FY2026
PH D$82$943FY2026
PH E$121$1,401FY2026
PH F$123$1,419FY2026
PH G$184$2,130FY2026
PH H$184$2,120FY2026
PH J$105$1,212FY2026
PH K$104$1,196FY2026
PH L$161$1,861FY2026
PH M$163$1,881FY2026
PH N$122$1,411FY2026
PH P$125$1,442FY2026
PH Q$272$7,235FY2026
PH R$271$7,210FY2026
PH S$118$1,361FY2026
PH1 A$166$1,933FY2024$1,923FY2026
PH1 B$168$1,944FY2026
PH1 C$398$16,844FY2026
PH1 D$370$14,684FY2026
PH1 E$161$1,861FY2026
PH1 F$167$1,927FY2026
PH1 G$361$14,051FY2026
PH1 H$362$14,076FY2026
PH2 A$422$18,685FY2026
PH2 B$356$13,666FY2025$13,669FY2026
PH2 C$346$12,915FY2025$12,909FY2026
PH2 D$424$18,800FY2026
PH2 E$338$12,276FY2026
PH2 F$337$12,173FY2026
PH3 A$332$11,804FY2026
PH3 B$342$12,590FY2025$12,580FY2026

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.

Each home's estimate, city bills and tax breaksGet Full Access

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

Sponsor's counsel fee
$3,000Paid by the purchaser to the sponsor's attorneys for the closingp. 25
Counsel's extra charges
  • $50 plus $100 for filing of the forms: Administrative expense for preparing and filing real estate transfer tax returnsp. 25
  • $350: Purchaser finances the purchasep. 25
  • $500 for each adjournment prior to commencement of closing: Closing adjourned before commencementp. 25
  • $1,000: Closing adjourned after commencement for Purchaser's accountp. 25
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. 14
Working capital
“two month's Common Charges”Contribution to the condominium's working capital fundp. 141
Recording fee for Unit Deed and Unit Owner's Power of Attorney
$45.00 for each instrument plus $5.00 per page plus $125.00 for RP5217 filing feep. 140
Assignment agreement preparation fee
$1,000Paid to Sponsor's Attorneysp. 131
Assignment fee
“5% of the aggregate of the sales price and the assignment price”Paid to Sponsorp. 131

Not listed: title insurance, mortgage tax, lender fees, mansion tax.

All 10 closing costs in the plan, with their pagesGet Full Access

The Building

Finishes

The architect's schedule lists brands by apartment type (compare with our NYC condo finishes guide).

Kitchen

  • All Miele: an integrated refrigerator, a gas cooktop, a wall hood, a speed oven and a dishwasher. One-bedrooms and larger add a Miele wall oven.
  • Three-bedrooms on floors 9 to 12 and on the PH floor add a Miele warming drawer and an under-counter Miele wine fridge.
  • Engineered quartz counters on most floors and natural quartzite on the PH floor. Lower cabinets are wood veneer laminate (wood veneer on the PH floor) with lacquer uppers.
  • InSinkErator garbage disposals in the two- and three-bedroom kitchens.

Baths

  • Toto toilets, with a Toto Washlet G400 in primary baths on floors 3 to 12 and the penthouse floors. The schedule also lists a Villeroy & Boch toilet for some third-floor baths.
  • Kaldewei Saniform Plus tubs, and a freestanding Kaldewei Meisterstück tub in the primary bath of many larger penthouse homes.
  • Signature sinks, Infinity Drain shower drains and porcelain tile floors and walls.

See how these names rank in our bathroom brands guide.

Floors, Ceilings and Windows

  • Engineered wood floors in living rooms and bedrooms.
  • Ceilings of about 9 to 9.5 feet on most floors (lower in kitchens, baths and halls), and about 10 feet on the PH1 to PH3 floors.
  • Kynar-coated aluminum windows in curtain wall and window wall systems, with opening restrictors and no screens.

Laundry, Heating and Cooling

  • A Miele washer and dryer in every home, plus a common laundry room on the ground floor with gas dryers.
  • Each apartment heats and cools with water-source heat pumps on a building water loop, warmed by gas-fired condensing boilers.
  • Electricity is submetered to each home. Gas for heat, hot water and cooking isn't, so it's paid through common charges.

Amenities, Staffing & Transportation

The plan splits amenities into what's in this building and what's planned elsewhere in the project (compare with amenities by building size).

In This Building

  • A lobby with a 24-hour attendant, a front desk and a package room.
  • A second-floor fitness center, lounge, library and pantry.
  • A ground-floor laundry room and a bike room on sub-cellar 2 with 153 resident spaces.
  • Outdoor space at the residential street plaza, the retail plaza and the podium roof between the towers.

Planned in the Other Towers

  • At the hotel: an indoor pool, a fitness and spa center, a tennis court, a library and meeting room, and roof terraces on the 4th, 12th and roof levels.
  • At Tangram House West: a children's playroom and setback terraces.

Good to know: the hotel and Tangram House West were expected around summer 2020, with no guarantee either gets built. If the hotel opens first, using its pool, gym, spa and tennis court costs each occupant a $125 fee to the hotel's board, outside common charges. If Tangram House West is never built, the homeowners association never starts.

Three elevators carry residents from the garage to the lobby levels, and three more serve floors 3 through PH3. A 400 kW gas generator on the roof backs up emergency loads and at least one elevator.

Staffing and Services

The year-one budget pays prevailing wages, which 421-a requires here:

  • A live-in resident manager (in unit 2A), paid $104,000.
  • Two handymen and four porters.
  • Lobby attendants around the clock (4.2 full-time).

Payroll and benefits come to about $1.06 million, more than a third of the budget. The retail and parking units pay a share of the resident manager and one porter. Our doorman cost guide puts these numbers in context.

Tip: the resident manager's unit is bought by both residential condos together. Buyers here pay about $2,700 to $14,500 each at closing toward it, and the board can assess you for the rest if Tangram House West is never built.

Location & Transportation

  • Neighborhood: Flushing, Queens
  • Subway: 4 min walk to Flushing-Main St 7
  • Parking: 1 parking unit in the plan
Amenities, Staffing & TransportationGet Full Access

Amendments

Amendment 8 Aug 10, 2021

Amendment extends offering period, adds storage lockers for sale, and provides updated financial and operational information.

  • Offering period extended
  • Additional Storage Licenses offered for Storage Lockers #114 through 136
  • Operating budget updated for July 1, 2021 through June 30, 2022
  • Common Charges waiver period expired November 1, 2020; charges now collected
  • 11 unsold units under contract as of July 16, 2021
  • 15 unsold units not under contract as of July 16, 2021
  • Hongquan Li replaced Jinglei Zhou as principal of Sponsor
  • Final Certificate of Eligibility for 421-a program anticipated after Fall 2021 temporary certificate of occupancy
  • Schedule A prices decreased for 3 homes (median -3.0%): PH1 B $1,231,800 → $1,225,660; PH1 F $1,339,970 → $1,225,660; PH2 E $2,756,520 → $2,673,920

Amendment 7 Jul 6, 2020

Updated Schedule A with revised Common Charges, real estate taxes, and 421-a tax benefit projections; lists unsold units under and not under contract.

  • Schedule A updated with Common Charges for July 1, 2020 through June 30, 2021
  • Real estate tax projections revised based on updated 421-a opinion; average monthly increase with 421-a benefits of $75.91
  • 421-a Final Certificate of Eligibility expected after temporary certificate of occupancy obtained; 15-year exemption anticipated to commence July 2021 tax year
  • 73 units under contract as of June 24, 2020; aggregate monthly Common Charges $81,653.25, real estate taxes $20,817.84
  • 18 units not under contract as of June 24, 2020; aggregate monthly Common Charges $30,991.08, real estate taxes $7,900.70
  • Unit 2A designated as Resident Manager's Unit
  • Board members: Gabriel Suleymanov (President), Alex Chiu (Vice President), Paul Teng (Treasurer/Secretary)
  • Sponsor address updated to 37-12 Prince Street, #PH 2A, Flushing, New York 11354

Amendment 6 Sep 27, 2019

Amendment updates project status, establishes working capital fund, waives common charges temporarily, and reflects tax law changes affecting purchaser costs.

  • First closing held August 27, 2019 for Units 5H and 5M
  • Declaration recorded May 30, 2019; units not yet separately assessed for real estate tax
  • Third temporary certificate of occupancy issued November 8, 2019 (expires February 6, 2020)
  • Architect certified $1,050,000.00 needed to obtain permanent certificate of occupancy
  • Escrow account holds $15,400,000.00 in down payments as of December 18, 2019
  • Working Capital Fund established with $36,854.94 as of November 30, 2019
  • Sponsor waives Common Charges collection for initial period; will pay all building expenses
  • New York State Real Estate Transfer Tax and mansion tax rates increased

Amendment 5 Jul 5, 2019

Fifth amendment updates the condominium budget for a revised first operating year (July 1, 2019 to June 30, 2020), records the Declaration and HOA Declaration, designates board members, offers rescission rights to purchasers, and addresses shared governance with adjacent properties.

  • Declaration recorded May 30, 2019 as CRFN 2019000168952
  • First operating year revised to July 1, 2019 - June 30, 2020 (previously July 1, 2018 - June 30, 2019)
  • Schedule A updated with new common charges estimates
  • Schedule B updated with increased Sponsor Contribution and Resident Manager's Unit expenses
  • Board designated: Alex Chiu, Gabriel Suleymanov, Paul Teng
  • First Closing now anticipated July 1, 2019
  • Purchasers entitled to rescission if first closing does not occur by June 30, 2020
  • HOA Declaration recorded May 13, 2019 as CRFN 2019000155636; Hotel Facility excluded from HOA property
  • Schedule A prices increased for 191 homes (median +3.0%): 3A $718,050 → $727,030; 3B $624,630 → $640,250; 3C $998,970 → $1,011,460; 3D $634,400 → $642,330; ...

Amendment 4 Apr 25, 2019

Amendment updates closing timeline, unit prices per revised budget, homeowners association structure, parking rules, and various condominium governance provisions.

  • First closing expected on or before June 15, 2019
  • Schedule A prices updated to reflect revised projected budget
  • Schedule B budget amended: reduced Residential Manager salary, revised pool hours, revised electricity estimates, added bulk internet at $35/month charged to all residential unit owners
  • Schedule C homeowners association budget increased
  • 180 units sold; 12 units remaining available
  • Hotel Condominium now part of Tangram House West Condominium; homeowners association will govern two condominiums instead of three
  • Residential unit owners may park in sub-cellar 3 only
  • Added Electric Submetering Rider to all future purchase agreements

Amendment 3 Oct 15, 2018

This amendment confirms the plan's effective date, sets the first closing timeline, and reaffirms the budget and smoking policy.

  • Plan declared effective as of January 31, 2018, after 98 units had Purchase Agreements
  • First closing anticipated on or before April 1, 2019
  • Projected budget for July 1, 2018 — June 30, 2019 remains unchanged
  • Smoking Policy incorporated from Second Amendment into Purchase and Sale agreement

Amendment 2 Feb 8, 2018

Plan declared effective with 98 units (51%) under purchase agreements; smoking policy established; bathroom fixture changed in specific units; tax law disclosure added.

  • Plan declared effective as of January 31, 2018 with 98 units representing 51% of units sold
  • Smoking prohibited in all interior common areas, parking garage, and outdoor common areas; permitted in individual units and balconies only
  • Bathroom fixture in Master Bathroom of 3rd floor units 3G, 3H, 3M, 3P, 3Q, 3R changed from Villeroy & Boch 6610U3 to Toto-MH Washlet + C200 Wall-Hung Toilet
  • Tax disclosure added: Tax Cuts and Jobs Act of 2017 may affect accuracy of tax information in plan; purchasers advised to consult tax expert

Amendment 1 Jan 16, 2018

First amendment changes purchase prices for certain unsold commercial units per attached Schedule A.

What each amendment changed, line by lineGet Full Access

Fine Print

  • Part of a four-tower project: the sponsor and related entities planned this tower, a second residential tower (Tangram House West), an office tower (Tangram Tower) and a hotel tower, all over one podium with retail and parking.
  • Amenities that depend on other buildings: an indoor pool, a spa, a tennis court and several roof terraces are planned in or next to the hotel tower. The plan says if those towers aren't built, those amenities won't exist.
  • A sponsor subsidy that steps down: some staff and utility costs are meant to be shared with Tangram House West. Until it opens, the sponsor pays 25% of those costs for up to two years and 12.5% in year three. From year four, owners here pay all of them.
  • A 421-a tax break: the sponsor expected a 15-year partial exemption that shrinks over time. Year-one taxes with it are about $7 to $35 a month per home, versus about $280 to $1,490 without it.
  • Long sponsor control: the sponsor controls the board until buyers own 95% of the common interest or the 25th anniversary of the first closing, whichever comes first.
  • Furnished studios: studios come with built-in furniture at no extra charge, including a bed, sofa, desk and a wall-mounted TV.
  • Sponsor control for up to 25 years: the sponsor names four of seven board members while it controls the board, and can keep three seats afterward while it owns at least 3% of the common interest.
  • A 5% resale fee: reselling or assigning within 12 months of the first closing needs the sponsor's consent, and if given, you pay the sponsor 5% of the price. While it controls the board, the sponsor, not the condo, has the right of first refusal on sales.
  • 421-a strings: the exemption wasn't guaranteed. If granted, it lasts 15 years and phases down, and building staff must be paid prevailing wages.
  • Trash route: staff move trash across the podium roof to a loading dock in the hotel tower. Until that dock opens, it goes through the residential lobby to 39th Avenue.
  • Environmental cleanup: the site had soil and soil vapor contamination. The plan describes excavation, a vapor barrier and garage ventilation under a city voluntary cleanup program.
  • Selling agent tied to the sponsor: Fultonex Realty is affiliated with the sponsor.
  • Closing costs: buyers pay the city and state transfer taxes and the mansion tax, $3,000 to sponsor's counsel, and $500 more if they buy storage. The deposit is 10%.

Tangram House South sits on 39th Avenue in downtown Flushing, on a site that held a vacant mall, a few blocks from the 7 train at Main Street and the LIRR's Flushing station. Its offering plan tells you what's in the apartments, which amenities are certain and which aren't, and what the sponsor expected the building to cost to run.

FAQ

Does Tangram House South have a pool?

Not in the building itself. An indoor pool is planned in the project's hotel tower, open to residents for a $125 fee or through the homeowners association, but the plan says that tower may never be built.

How much are common charges at Tangram House South?

Under the sponsor's first-year projection, about $530 a month for a studio up to about $2,830 for the largest penthouse. Charges were expected to rise in years three and four if Tangram House West wasn't open to share staff and utility costs.

Is there parking at Tangram House South?

Yes, but it isn't sold with the apartments. The sponsor keeps the Parking Unit and planned 134 paid resident spaces on sub-cellar 3, run as a valet garage that residents contract with directly.

Where this comes from: the building's offering plan (CD170059) as filed with the New York Attorney General, including its Special Risks, Description of Property and Specifications, Schedule A, Schedule A-1, Schedule A-2, Schedule B and Identity of Parties. Prices are the sponsor's offering prices, not sales, and budget figures are the sponsor's first-year projections. Later amendments may change them. Updated October 2026.

Team

  • Sponsor: Tangram House South Sponsor LLC, care of Fulton SCG Development. Principals Sunny Chiu and Jinglei Zhou, an executive vice president of SCG America Group.
  • Architect: Margulies Hoelzli Architecture (Matthew Hoelzli)
  • Mechanical engineer: MG Engineering
  • Managing agent and budget expert: FirstService Residential New York
  • Selling agent: Fultonex Realty (a sponsor affiliate)
  • Sponsor's counsel: Herrick, Feinstein, which also holds deposits in escrow and wrote the 421-a opinion
  • Real estate tax counsel: Akerman
  • Construction lender: HSBC

The plan doesn't name an interior designer.

Zoning

Zoning district
C4-2

Today's zoning, from city data (PLUTO 26v2).

Nearby