THE CONDO BOOK PROJECT

Farrington

134-37 35th Avenue, Queens, NY 11354

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Overview

Farrington is a 100-unit condo in Queens, with 1 parking unit and 12 commercial units.

  • Offering plan: Accepted October 2018
  • Prices: $1,298 a square foot on average, as first offered; $170.5 million in all ($106.5 million when first offered)
  • Common charges: $306–$796 a month, the sponsor's first-year estimate
  • Sponsor: Farrington Realty, LLC, represented by Sichenzia Ross Ference LLP
  • Neighborhood: Flushing, Queens
  • Subway: 9-minute walk to Flushing-Main St (7)
  • Amendments: 9, the latest in July 2026
  1. AcceptedOctober 2018
  2. 9 amendments
  3. First sale
  4. Latest sale

Sales

91 of 100 units sold (91%)

$94.4 millionin sales
$1,270/SFaverage sale price
May 2020 – June 2026first to latest sale
UnitSoldPrice
14IJun 11, 2026$1,089,528
9IApr 2, 2026$1,170,988
10IFeb 27, 2026$1,120,075
15HFeb 9, 2026$1,168,951
14JDec 18, 2025$1,061,364
13LMay 16, 2025$1,140,813
9LApr 4, 2025$987,703
15BFeb 19, 2025$1,246,717
PH14Feb 5, 2025$1,990,000
13INov 7, 2023$1,377,212
9GSep 7, 2023$803,399
8GJul 6, 2023$741,144
10KMar 29, 2023$990,000
12IMar 9, 2023$1,327,979
15FMar 9, 2023$1,686,060
8FFeb 16, 2023$1,200,000
14AFeb 2, 2023$1,598,500
11FJan 27, 2023$1,130,258
13FDec 15, 2022$1,206,626
12KDec 14, 2022$997,885
10FNov 8, 2022$1,120,075
14FOct 18, 2022$1,270,323
10LSep 30, 2022$997,885
11KSep 20, 2022$987,703
12ASep 8, 2022$1,499,578
14DSep 2, 2022$1,158,769
13AJun 30, 2022$1,527,375
11LJun 29, 2022$983,224
15EJun 23, 2022$1,200,000
12LJun 22, 2022$997,885
8CJun 21, 2022$990,000
14BJun 9, 2022$1,150,623
9FJun 3, 2022$1,070,000
13BJun 3, 2022$1,130,220
9AJun 1, 2022$1,364,455
10BMay 27, 2022$1,074,254
11JMay 27, 2022$998,903
12BMay 27, 2022$1,084,436
13CMay 27, 2022$1,140,440
9KFeb 16, 2022$997,885
10AFeb 11, 2022$1,420,459
13DSep 20, 2021$1,120,075
15ASep 20, 2021$1,527,375
11ASep 17, 2021$1,455,000
12JSep 10, 2021$998,903
11BSep 3, 2021$1,079,345
11CSep 3, 2021$1,079,345
8BAug 18, 2021$999,000
15DAug 13, 2021$1,176,079
9BAug 12, 2021$1,050,000
9CAug 12, 2021$1,050,000
12FAug 12, 2021$1,123,789
8IJul 30, 2021$814,600
8EJul 26, 2021$864,089
8AJul 22, 2021$1,320,000
8JJul 20, 2021$763,688
10HMay 10, 2021$687,319
13MMar 26, 2021$773,870
12MMar 24, 2021$794,235
8KMar 17, 2021$957,143
8MMar 4, 2021$702,593
8DFeb 26, 2021$1,003,176
8LFeb 26, 2021$992,794
12DDec 21, 2020$1,048,798
10GDec 17, 2020$705,461
11GDec 17, 2020$714,315
9MNov 25, 2020$671,027
9JNov 6, 2020$1,046,594
10JNov 5, 2020$1,060,617
12GOct 30, 2020$764,349
13GOct 29, 2020$793,588
14GOct 27, 2020$801,002
14EOct 23, 2020$1,134,888
13HOct 6, 2020$783,578
12CSep 30, 2020$1,093,601
11MSep 29, 2020$737,771
11HAug 19, 2020$695,000
9EAug 3, 2020$784,053
13EJul 23, 2020$824,783
11DJul 16, 2020$1,091,568
10DJul 15, 2020$1,058,980
11EJul 15, 2020$777,771
12HJul 14, 2020$743,323
10EJun 19, 2020$824,783
9HJun 15, 2020$671,424
10MJun 15, 2020$680,191
10CJun 12, 2020$1,078,327
14KJun 10, 2020$697,763
15JJun 10, 2020$727,174
9DJun 8, 2020$1,058,980
12EMay 21, 2020$784,053
Every sale: 91 recorded sales, with price and dateGet Full Access

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

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 44 homes.

Checked against the first full year's bill for 44 homes: 44 paid more. The typical home paid 49% more than estimated.

HomePlan's estimateFirst yearCurrent
8A$310$453FY2023$459FY2026
8B$243$361FY2024$359FY2026
8C$243$361FY2024$359FY2026
8D$238$352FY2026
8E$173$252FY2023$255FY2026
8F$239$355FY2024$353FY2026
8G$159$236FY2025$235FY2026
8H$239$354FY2026
8I$175$255FY2023$259FY2026
8J$179$266FY2024$265FY2026
8K$240$355FY2026
8L$243$359FY2026
8M$158$234FY2026
9A$310$461FY2024$459FY2026
9B$243$354FY2023$359FY2026
9C$243$354FY2023$359FY2026
9D$238$255FY2026
9E$173$255FY2026
9F$239$355FY2024$353FY2026
9G$159$236FY2025$235FY2026
9H$157$232FY2026
9I$271$397FY2026
9J$241$357FY2026
9K$240$350FY2023$355FY2026
9L$243$359FY2026$359FY2026
9M$158$234FY2026
10A$310$453FY2023$459FY2026
10B$243$354FY2023$359FY2026
10C$243$359FY2026
10D$238$352FY2026
10E$173$255FY2026
10F$239$355FY2024$353FY2026
10G$159$235FY2026
10H$157$232FY2026
10I$271$397FY2026
10J$241$357FY2026
10K$240$357FY2024$355FY2026
10L$243$361FY2024$359FY2026
10M$158$234FY2026
11A$310$453FY2023$459FY2026
11B$243$354FY2023$359FY2026
11C$243$354FY2023$359FY2026
11D$238$351FY2026
11E$240$255FY2026
11F$239$355FY2024$353FY2026
11G$159$235FY2026
11H$157$232FY2026
11I$271$397FY2026
11J$241$358FY2024$357FY2026
11K$240$357FY2024$355FY2026
11L$243$361FY2024$359FY2026
11M$158$234FY2026
12A$310$461FY2024$459FY2026
12B$243$354FY2023$359FY2026
12C$243$359FY2026
12D$238$352FY2026
12E$173$255FY2026
12F$239$355FY2024$353FY2026
12G$159$235FY2026
12H$157$232FY2026
12I$271$399FY2024$397FY2026
12J$241$352FY2023$357FY2026
12K$240$357FY2024$355FY2026
12L$243$354FY2023$359FY2026
12M$158$234FY2026
13A$310$461FY2024$459FY2026
13B$243$361FY2024$359FY2026
13C$243$361FY2024$359FY2026
13D$238$353FY2024$352FY2026
13E$173$255FY2026
13F$239$355FY2024$353FY2026
13G$159$235FY2026
13H$157$232FY2026
13I$271$399FY2025$397FY2026
13J$241$357FY2026
13K$240$355FY2026
13L$243$359FY2026$359FY2026
13M$158$234FY2026
14A$310$461FY2024$459FY2026
14B$243$361FY2024$359FY2026
14C$243$359FY2026
14D$238$353FY2024$352FY2026
14E$240$355FY2026
14F$239$355FY2024$353FY2026
14G$159$235FY2026
14H$241$357FY2026
14I$240$355FY2026
14J$243$359FY2026
14K$159$234FY2026
15A$310$461FY2024$459FY2026
15B$243$359FY2026$359FY2026
15C$243$359FY2026
15D$238$347FY2023$352FY2026
15E$240$357FY2024$355FY2026
15F$320$476FY2024$473FY2026
15G$241$357FY2026
15H$240$355FY2026
15I$243$359FY2026
15J$158$234FY2026

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

Amendments

Amendment 9 Jul 16, 2026

This amendment reports nine unsold units and the sponsor's monthly carrying costs and mortgage on them, replaces the operating budget with a new one and updated certifications, and sets the plan's use period at twelve months from acceptance.

  • Nine unsold residential units as of July 13, 2026, with prices, monthly taxes and common charges in Exhibit A
  • Sponsor pays $5,677.82 monthly common charges and $3,253.22 monthly real estate taxes on unsold units
  • Unsold units are subject to a Bank of Hope mortgage: balance $2,413,410.76 as of 06/15/2026, monthly debt service $15,493.90, maturity date 03/28/2027
  • Proposed budget changed; new budget in Exhibit B with updated certifications of adequacy, including from Capital Home Realty, Inc.
  • 2025 financial statements added as Exhibit C
  • Current Residential Board of Managers members listed
  • Plan may be used for twelve months from the date this amendment is accepted for filing

Amendment 8 Jun 25, 2025

As of June 18, 2025, the amendment reports fourteen unsold units, the sponsor's mortgage and carrying costs, a new FinCEN reporting notice for certain purchases, and updated Board members, while the budget is unchanged.

  • Fourteen unsold residential units as of June 18, 2025, listed in Exhibit A with common charges and annual real estate taxes
  • Unsold units subject to a Bank of Hope mortgage: balance $7,708,425.25 as of June 18, 2025; interest-only monthly debt service $47,654.31; maturity date 03-28-2026
  • Sponsor pays $7,377.31 monthly in common charges and $5,117.72 annually in real estate taxes on unsold units
  • FinCEN notice added: title insurers must report purchaser identity for certain all-cash or non-bank-loan purchases of $300,000 or more in Bronx, Brooklyn, Queens, Manhattan and Staten Island, for closings on or after October 9, 2025
  • Current Residential Board members listed: George Xu (President), Brent Li (Secretary), Chuntong Zhang (Treasurer), Qili Li and Kevin Tse; Sponsor retains a majority
  • Sponsor's list of other public offerings updated, with nine condominium offerings listed
  • Budget unchanged from Amendment No. 6; new Exhibit B budget with Capital Home Realty certification; 2024 financial statement attached as Exhibit C
  • Plan may be used for six months from the date this amendment is accepted for filing

Amendment 7 Jun 3, 2021

Sponsor raised the prices of the Residential Units, and the attached revised Schedule A shows the new prices; the new prices do not affect units already under contract.

  • Prices of the Residential Units increased
  • Revised Schedule A (Exhibit A) with updated pricing attached
  • Revised pricing does not affect any Residential Unit currently under contract
  • Schedule A expense estimates cover December 1, 2019 to November 30, 2020
  • No other material changes stated

Amendment 6 Jan 19, 2021

This amendment updates the plan with the status of the 17 unsold units, the sponsor's carrying costs and mortgage, the reserve and working capital balances, the budget, and the building's Certificate of Occupancy.

  • 17 unsold residential units as of December 20, 2024; current prices in Exhibit "B"
  • Unsold units subject to a $13,585,000.00 mortgage with Bank of Hope (interest only, $85,849.65 monthly), maturity March, 28 2026
  • Sponsor pays $10,393.71 monthly common charges and $349.68 monthly real estate taxes (with 421(a)) for unsold units
  • Working capital $70,662.64 and reserve balance $135,940 as of December 20, 2024
  • Budget updated for calendar year commencing January 1, 2024
  • Final Certificate of Occupancy issued February 23, 2024
  • Plan may be used for six months from acceptance of this amendment, then to be extended by a further amendment
  • Sponsor still holds a majority of the Residential Board of Managers; 2024 annual meeting held June 5, 2024

Amendment 4 2019

This amendment lowers the projected real estate taxes, cuts the price of the residential units, sets new closing-related attorney fees, and sets a six-month period for using the plan.

  • Projected real estate taxes for the Building are lower than the original Offering Plan estimate, based on an updated tax opinion dated October 31, 2019 (Schedule A updated, Exhibit B)
  • Prices of the Residential Units decreased, effective as of the amendment date; revised pricing is in Schedule A (Exhibit B)
  • Revised pricing will not affect any Residential Unit currently under contract
  • Sponsor's Attorney Fee for preparing closing documents and attending closing, a Purchaser expense, amended to $2,500
  • Purchaser who requests an amendment to the Purchase Agreement must pay Sponsor's attorney $1,000 for preparing it
  • Plan may be used for six (6) months from the date this Amendment is duly accepted for filing, after which the date will be extended by a further amendment
What each amendment changed, line by lineGet Full Access

Team

Sponsor
Farrington Realty, LLC
Interior designer
Andres EscobarReported by qns.com

Zoning

Zoning district
R6
Commercial overlay
C2-2

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

Nearby