35th Avenue Condominium
134-16 35th Avenue, Queens, NY 11354
Overview
35th Avenue is a 69-unit condo in Queens, with 1 parking unit and 1 commercial unit.
- Offering plan: Accepted March 2023 · 333 pages
- Finishes: Engineered wood floors, marble kitchen countertops, Scavolini cabinets, Bosch appliances, a washer and dryer in each apartment and a VRF heat pump system for heating and cooling
- Prices: $1,100 a square foot on average, as first offered; $59.9 million in all ($56.9 million when first offered)
- Common charges: $175–$652 a month, the sponsor's first-year estimate
- Utilities: Electricity paid by the owner; water and sewer in the common charges p. 57
- Sponsor: Main & Northern Partners LLC, represented by Moritt Hock & Hamroff, LLP; principals Linzhong Zhuo and Ken Huang
- Neighborhood: Flushing, Queens
- Subway: 9-minute walk to Flushing-Main St (7)
- Amendments: 5, the latest in May 2025
- Units
- 69 residential · 1 parking · 1 commercial
- Neighborhood
- Flushing, Queens
- Subway
- 9 min walk to Flushing-Main St 7
- Principals
- Linzhong Zhuo, Ken Huang
- Average $/sf
- $1,100Homes in Schedule A, as first offered
- Common charges
- $175–$652 a monthSponsor's first-year estimate in Schedule A, For the period of July 1, 2023 to June 30, 2024
- Offering price
- $59.9 million total $56.9 million when first offered
- Floor plans
- Pages 212–245 of the plan
- AcceptedMarch 2023
- 5 amendments
- First sale
- Latest sale
Units & Prices
Sales
65 of 69 units sold (94%)
$40.7 millionin sales
$1,008/SFaverage sale price
February 2024 – September 2026first to latest sale
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 for 67 homes.
- Plan's estimate
- $2,930 a year per homeSchedule A, as first filed
- Full tax, FY2025
- $3,170 a year per homeBefore any tax break; 8% more than the estimate
- Billed, FY2025
- $3,170 a year per home8% more than the estimate
Checked against the first full year's bill for 67 homes: 58 within 10% of the plan's estimate, 9 paid more. The typical home paid 8% more than estimated.
| Home | Plan's estimate | First year | Current |
|---|---|---|---|
| 3A | $2,551 | $2,764FY2025 | $2,937FY2026 |
| 3B | $2,469 | $2,672FY2025 | $2,839FY2026 |
| 3C | $2,533 | $2,741FY2025 | $2,912FY2026 |
| 3D | $3,258 | $3,525FY2025 | $3,744FY2026 |
| 3E | $3,125 | $3,387FY2025 | $3,598FY2026 |
| 3F | $3,728 | $4,032FY2025 | $4,283FY2026 |
| 3G | $2,456 | $2,649FY2025 | $2,814FY2026 |
| 4A | $2,551 | $2,764FY2025 | $2,937FY2026 |
| 4B | $2,469 | $2,672FY2025 | $2,839FY2026 |
| 4C | $2,533 | $2,741FY2025 | $2,912FY2026 |
| 4D | $3,258 | $3,525FY2025 | $3,744FY2026 |
| 4E | $3,125 | $3,387FY2025 | $3,598FY2026 |
| 4F | $3,728 | $4,283FY2026 | |
| 4G | $2,456 | $2,649FY2025 | $2,814FY2026 |
| 5A | $2,551 | $2,764FY2025 | $2,937FY2026 |
| 5B | $2,469 | $2,672FY2025 | $2,839FY2026 |
| 5C | $2,533 | $2,741FY2025 | $2,912FY2026 |
| 5D | $3,258 | $3,525FY2025 | $3,744FY2026 |
| 5E | $3,125 | $3,387FY2025 | $3,598FY2026 |
| 5F | $3,728 | $4,032FY2025 | $4,283FY2026 |
| 5G | $2,456 | $2,649FY2025 | $2,814FY2026 |
| 6A | $2,551 | $2,764FY2025 | $2,937FY2026 |
| 6B | $2,469 | $2,672FY2025 | $2,839FY2026 |
| 6C | $2,533 | $2,741FY2025 | $2,912FY2026 |
| 6D | $3,258 | $3,525FY2025 | $3,744FY2026 |
| 6E | $3,125 | $3,387FY2025 | $3,598FY2026 |
| 6F | $3,728 | $4,283FY2026 | $4,283FY2026 |
| 6G | $2,456 | $2,649FY2025 | $2,814FY2026 |
| 7A | $2,551 | $2,764FY2025 | $2,937FY2026 |
| 7B | $2,469 | $2,672FY2025 | $2,839FY2026 |
| 7C | $2,533 | $2,912FY2026 | $2,912FY2026 |
| 7D | $3,258 | $3,525FY2025 | $3,744FY2026 |
| 7E | $3,125 | $3,387FY2025 | $3,598FY2026 |
| 7F | $3,728 | $4,032FY2025 | $4,283FY2026 |
| 7G | $2,456 | $2,649FY2025 | $2,814FY2026 |
| 8A | $2,551 | $2,764FY2025 | $2,937FY2026 |
| 8B | $2,469 | $2,672FY2025 | $2,839FY2026 |
| 8C | $2,533 | $2,912FY2026 | $2,912FY2026 |
| 8D | $3,258 | $3,525FY2025 | $3,744FY2026 |
| 8E | $3,125 | $3,387FY2025 | $3,598FY2026 |
| 8F | $3,728 | $4,032FY2025 | $4,283FY2026 |
| 8G | $2,456 | $2,649FY2025 | $2,814FY2026 |
| 9A | $2,551 | $2,764FY2025 | $2,937FY2026 |
| 9B | $2,469 | $2,672FY2025 | $2,839FY2026 |
| 9C | $2,533 | $2,741FY2025 | $2,912FY2026 |
| 9D | $3,258 | $3,525FY2025 | $3,744FY2026 |
| 9E | $3,125 | $3,387FY2025 | $3,598FY2026 |
| 9F | $3,728 | $4,283FY2026 | $4,283FY2026 |
| 9G | $2,456 | $2,649FY2025 | $2,814FY2026 |
| 10A | $2,551 | $2,764FY2025 | $2,937FY2026 |
| 10B | $2,469 | $2,839FY2026 | $2,839FY2026 |
| 10C | $2,533 | $2,912FY2026 | $2,912FY2026 |
| 10D | $3,258 | $3,525FY2025 | $3,744FY2026 |
| 10E | $3,125 | $3,387FY2025 | $3,598FY2026 |
| 10F | $3,728 | $4,032FY2025 | $4,283FY2026 |
| 10G | $2,456 | $2,649FY2025 | $2,814FY2026 |
| 11A | $2,551 | $2,937FY2026 | |
| 11B | $2,469 | $2,839FY2026 | $2,839FY2026 |
| 11C | $2,533 | $2,741FY2025 | $2,912FY2026 |
| 11D | $3,258 | $3,525FY2025 | $3,744FY2026 |
| 11E | $3,171 | $3,433FY2025 | $3,647FY2026 |
| 11F | $4,333 | $4,700FY2025 | $4,993FY2026 |
| 11G | $1,817 | $1,958FY2025 | $2,080FY2026 |
| 12A | $2,551 | $2,764FY2025 | $2,937FY2026 |
| 12B | $2,469 | $2,672FY2025 | $2,839FY2026 |
| 12C | $2,533 | $2,741FY2025 | $2,912FY2026 |
| 12D | $3,258 | $3,525FY2025 | $3,744FY2026 |
| 12E | $3,368 | $3,867FY2026 | $3,867FY2026 |
| 12F | $6,764 | $7,783FY2026 | $7,783FY2026 |
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 plan lists what a buyer pays at closing.
- Sponsor's counsel fee
- $2,500Paid by the purchaser to the sponsor's attorneys for the closingp. 90
- Counsel's extra charges
- Working capital
- “two (2) months Common Charges”Contribution to the condominium's working capital fundp. 89
- Sponsor's carrying costs reimbursement
- .0438% (annual rate of 16%) of the purchase pricePaid to Sponsorp. 92
Not listed: title insurance, mortgage tax, lender fees, mansion tax.
The Building
Amendments
Amendment 4 Oct 23, 2024
Amendment updates unit inventory, construction status with Temporary Certificate of Occupancy issued, mortgage details, sponsor information, and board composition.
- 12 unsold residential units as of October 18, 2024
- Temporary Certificate of Occupancy issued September 16, 2024
- Mortgage with Churchill MRA Funding LLC: $5,923,801.57 balance, 7.375% interest, maturity 4/19/2034
- Monthly debt service $37,620.25, interest only
- Sponsor paying all common charges for unsold units
- No residential units currently leased by sponsor
- Board members: Linzhong Zhuo, Ken Huang, Yangfang Chen
- First year budget unchanged; 2023 audited financials not yet available
Amendment 3 2024
Amendment updates closing status, unit pricing, financial details, managing agent appointment, and real estate tax estimates for the 69-unit condominium.
- First unit (4A) closed February 23, 2024; Temporary Certificate of Occupancy issued January 9, 2024
- Permanent Certificate of Occupancy anticipated mid-year 2024; $10,000 held in escrow
- 14 residential units unsold as of April 23, 2024 with updated pricing and Common Charges in Schedule B
- Working capital of $491.74 (two months Common Charges) held at Bank of America, Flushing branch
- Reserve Fund balance of $0 as of amendment date
- 4 Seasons International Management Inc. appointed as Managing Agent
- Real estate tax estimate updated based on post-completion assessed value in Schedule A
- Mortgage debt of approximately $24,650,000 with Churchill MRA Funding at 10.375% interest, maturity June 20, 2025
Amendment 2 Sep 19, 2023
Plan declared effective with 11 units under contract; condominium address updated and budget confirmed unchanged.
- Plan declared effective on November 13, 2023 with 11 of 69 residential units under purchase agreements (15.94%)
- Condominium address changed from 135-25 Northern Boulevard to 134-16 35th Avenue, Queens, New York 11354
- First home closing anticipated on or about January 2023
- Budget for condominium has not changed; Schedule B remains the same
- Amendment valid for six months from acceptance date; further extension to be filed
Amendment 1 May 2, 2023
Sponsor increased prices for multiple residential units across floors 3–12.
- Prices increased for 84 residential units on floors 3–12; no price changes for units under contract
- Updated Schedule A with new unit prices effective May 2, 2023
Team
- Sponsor
- Main & Northern Partners LLC
- Principals
- Linzhong Zhuo, Ken Huang
- Counsel
- Moritt Hock & Hamroff, LLP
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
- Construction lender
- S3 Capital$24.6 million recorded
- Title agency
- Cornerstone Land Abstract, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 83
Zoning
- Zoning district
- R6
- Commercial overlay
- C2-2
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Princenext door · 120 units · 2023
- Farringtonnext door · 100 units · 1 parking · 2018
- Flushing Tower Condominiumnext door · 1985
- Connexion0.1 mi · 2018
- Northern Residences Condominium0.2 mi · 52 units · 2023
- Happy Buddha Tower Condominium0.2 mi · 20 units · 2005