THE CONDO BOOK PROJECT

Asia Tower Condominium

141-26 Northern Boulevard, Queens, NY 11354

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Overview

Asia Tower is a 56-unit condo in Queens, with 108 parking units and 2 commercial units.

  • Offering plan: Accepted May 2019
  • Prices: $80.9 million in all
  • Sponsor: Asia Buildings LLC, represented by Marans, Weisz & Newman, LLC
  • Neighborhood: Flushing, Queens
  • Subway: 11-minute walk to Flushing-Main St (7)
  • Amendments: 2, the latest in May 2021
  • Other filings: NA180070 (no-action filing, filed 2018, withdrawn)
  1. AcceptedMay 2019
  2. 2 amendments
  3. First sale
  4. Latest sale

Sales

54 of 56 units sold (96%)

$35.6 millionin sales
November 2020 – April 2026first to latest sale
UnitSoldPrice
11DApr 24, 2026$865,513
11ANov 6, 2024$1,120,075
10DFeb 25, 2022$590,585
10AJan 4, 2022$758,596
8DJan 3, 2022$578,366
9DDec 9, 2021$570,220
8CDec 3, 2021$539,673
5ANov 29, 2021$672,045
10ENov 24, 2021$712,775
7CNov 8, 2021$529,490
8AOct 20, 2021$710,229
10GOct 20, 2021$753,505
6AOct 12, 2021$712,775
6DSep 20, 2021$573,275
4CSep 16, 2021$496,860
6CSep 8, 2021$534,581
6GAug 6, 2021$651,680
8FJul 29, 2021$775,907
7DJul 27, 2021$578,366
7GJul 27, 2021$672,045
9GJul 16, 2021$692,410
8EJul 6, 2021$702,822
8BJun 30, 2021$558,001
5DJun 28, 2021$554,946
9FJun 15, 2021$763,688
5CJun 7, 2021$517,271
7FJun 2, 2021$751,469
7EMay 25, 2021$667,972
7AMay 19, 2021$717,866
4BMay 14, 2021$499,902
8GMay 11, 2021$763,688
6EMay 6, 2021$661,863
7BApr 29, 2021$544,764
5EMar 18, 2021$646,589
5BMar 5, 2021$539,673
5GMar 5, 2021$651,680
11FFeb 26, 2021$880,786
6BFeb 18, 2021$537,229
4AFeb 17, 2021$534,581
6FFeb 9, 2021$743,323
4GFeb 5, 2021$610,950
4EFeb 4, 2021$621,133
11EFeb 4, 2021$738,231
10CFeb 1, 2021$641,498
4DJan 29, 2021$590,585
5FJan 29, 2021$834,965
9ADec 29, 2020$743,323
9EDec 18, 2020$692,410
11GDec 17, 2020$712,775
4FDec 10, 2020$684,264
10BDec 10, 2020$560,038
10FDec 8, 2020$794,235
9BNov 23, 2020$541,709
9CNov 20, 2020$529,490
Every sale: 54 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 20 homes.

Checked against the first full year's bill for 20 homes: 20 within 10% of the plan's estimate. The typical home paid 4% less than estimated.

HomePlan's estimateFirst yearCurrent
9C$963$923FY2026
9B$963$923FY2026
10F$1,387$1,329FY2026
10B$963$923FY2026
4F$1,387$1,329FY2026
11G$1,174$1,125FY2026
9E$1,226$1,175FY2026
9A$1,348$1,291FY2026
5F$1,387$1,329FY2026
4D$1,028$985FY2026
10C$963$923FY2026
11E$1,226$1,175FY2026
4E$1,226$1,175FY2026
4G$1,145$1,097FY2026
6F$1,387$1,329FY2026
4A$1,013$971FY2026
6B$963$923FY2026
11F$1,387$1,329FY2026
5B$963$923FY2026
5G$1,174$1,125FY2026
5E$1,226$1,175FY2026
7B$963$923FY2026
6E$1,226$1,175FY2026
8G$1,174$1,125FY2026
4B$963$923FY2026
7A$1,348$1,291FY2026
7E$1,226$1,175FY2026
7F$1,387$1,329FY2026
5C$963$923FY2026
9F$1,387$1,329FY2026
5D$1,028$985FY2026
8B$963$923FY2026
8E$1,226$1,181FY2024$1,175FY2026
9G$1,174$1,130FY2024$1,125FY2026
7G$1,174$1,130FY2024$1,125FY2026
7D$1,028$990FY2024$985FY2026
8F$1,387$1,336FY2024$1,329FY2026
6G$1,174$1,130FY2024$1,125FY2026
6C$963$927FY2024$923FY2026
4C$963$927FY2024$923FY2026
6D$1,028$990FY2024$985FY2026
6A$1,348$1,297FY2024$1,291FY2026
10G$1,174$1,109FY2023$1,125FY2026
8A$1,348$1,273FY2023$1,291FY2026
7C$963$927FY2024$923FY2026
10E$1,226$1,181FY2024$1,175FY2026
5A$1,348$1,297FY2024$1,291FY2026
8C$963$927FY2024$923FY2026
9D$1,028$990FY2024$985FY2026
8D$1,028$990FY2024$985FY2026
10A$1,348$1,273FY2023$1,291FY2026
10D$1,028$990FY2024$985FY2026
11A$2,474$4,211FY2026$4,211FY2026
11D$1,557$1,491FY2026

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

Team

Sponsor
Asia Buildings LLC
Construction lender
Cathay BankLender on the mortgage and building loan agreement recorded May 2017 in ACRIS
General contractor
Aaa General ConstructionHeld the general construction permit on DOB job 421191560

Zoning

Zoning district
R6
Commercial overlay
C1-2

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

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