THE CONDO BOOK PROJECT

Ying City Plaza Condominium

143-16 41st Avenue, Queens, NY 11355

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Overview

Ying City Plaza is a 34-unit condo in Queens, with 10 parking units and 2 commercial units.

  • Offering plan: Accepted June 2023 · 309 pages
  • Finishes: 8-foot ceilings, hardwood floors, cultured marble kitchen countertops, GE appliances and Glacier Bay bathroom fittings
  • Prices: $1,000 a square foot on average, as first offered; $26.9 million in all
  • Common charges: $189–$341 a month, the sponsor's first-year estimate
  • Utilities: Electricity, gas, heat and hot water paid by the owner p. 14
  • Sponsor: Ying City Plaza Corp., represented by Thomas E. Berinato, Attorney At Law; principals Brian Lin and Xuan Lin
  • Neighborhood: Flushing, Queens
  • Subway: 7-minute walk to Flushing-Main St (7)
  • Amendments: 2, the latest in August 2024
  1. AcceptedJune 2023
  2. 2 amendments
  3. First sale
  4. Latest sale

Sales

14 of 34 units sold (41%)

$8.31 millionin sales
$1,064/SFaverage sale price
July 2024 – February 2025first to latest sale
UnitSoldPrice
3AFeb 18, 2025$540,487
3DJan 27, 2025$728,049
5COct 30, 2024$494,832
2AOct 1, 2024$476,580
6AOct 1, 2024$507,000
4DSep 9, 2024$702,593
6ESep 6, 2024$603,822
8ASep 4, 2024$600,768
4EAug 27, 2024$580,403
3EAug 16, 2024$573,275
2EAug 13, 2024$527,454
5DAug 8, 2024$712,775
6DAug 6, 2024$722,958
5AJul 29, 2024$542,524
Every sale: 14 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 for 34 homes.

Plan's estimate
$3,210 a year per homeSchedule A, as first filed
Full tax, FY2026
$7,390 a year per homeBefore any tax break; 131% more than the estimate
Billed, FY2026
$7,390 a year per home131% more than the estimate

Checked against the first full year's bill for 34 homes: 34 paid more. The typical home paid 131% more than estimated.

HomePlan's estimateFirst yearCurrent
2A$2,714$6,259FY2026$6,259FY2026
2B$4,332$9,989FY2026$9,989FY2026
2C$2,431$5,611FY2026$5,611FY2026
2D$3,463$7,978FY2026$7,978FY2026
2E$2,614$6,032FY2026$6,032FY2026
3A$2,714$6,259FY2026$6,259FY2026
3B$4,332$9,989FY2026$9,989FY2026
3C$2,431$5,611FY2026$5,611FY2026
3D$3,463$7,978FY2026$7,978FY2026
3E$2,829$6,519FY2026$6,519FY2026
4A$2,714$6,259FY2026$6,259FY2026
4B$4,332$9,989FY2026$9,989FY2026
4C$2,431$5,611FY2026$5,611FY2026
4D$3,463$7,978FY2026$7,978FY2026
4E$2,829$6,519FY2026$6,519FY2026
5A$2,714$6,259FY2026$6,259FY2026
5B$4,332$9,989FY2026$9,989FY2026
5C$2,431$5,611FY2026$5,611FY2026
5D$3,463$7,978FY2026$7,978FY2026
5E$2,829$6,519FY2026$6,519FY2026
6A$2,714$6,259FY2026$6,259FY2026
6B$4,332$9,989FY2026$9,989FY2026
6C$2,431$5,611FY2026$5,611FY2026
6D$3,463$7,978FY2026$7,978FY2026
6E$2,829$6,519FY2026$6,519FY2026
7A$2,714$6,259FY2026$6,259FY2026
7B$4,332$9,989FY2026$9,989FY2026
7C$2,431$5,611FY2026$5,611FY2026
7D$3,463$7,978FY2026$7,978FY2026
7E$2,829$6,519FY2026$6,519FY2026
8A$2,714$6,259FY2026$6,259FY2026
8B$4,332$9,989FY2026$9,989FY2026
8C$4,390$10,119FY2026$10,119FY2026
8D$3,190$7,362FY2026$7,362FY2026

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.

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. 7
Working capital
$500.00Contribution to the condominium's working capital fundp. 72
Recording fee
$400p. 71

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

All 3 closing costs in the plan, with their pagesGet Full Access

Amendments

Amendment 1 Mar 25, 2024

Plan declared effective with 8 units sold; closing attorney changed from Thomas E. Berinato to Chia-Yin Lois Hwang, Esq.

  • Plan declared effective by Notice dated March 25, 2024
  • Sponsor accepted purchase agreements for 8 out of 34 residential units (23.51%)
  • Closing attorney changed to Chia-Yin Lois Hwang, Esq., 37-12 Prince Street, Suite 12C, Flushing, NY 11354
  • Closing attorney fee paid by unit purchasers
  • Temporary Certificate of Occupancy issued February 2, 2024
  • Down payments now made to Chia-Yin Lois Hwang, Esq., ATTORNEY ESCROW ACCOUNT
What the amendment changed, line by lineGet Full Access

Team

Sponsor
Ying City Plaza Corp.
Principals
Brian Lin, Xuan Lin
Tax estimate
TAN ARCHITECT, P.C.Prepared the first-year real estate tax projection
Construction lender
Cathay Bank$5.75 million recorded
General contractor
MKB Construction USAHeld the general construction permit on DOB job 421721916
Title agency
Federal Standard AbstractThe sponsor's title company for buyers; you can choose another · Agent for Commonwealth Title Insurance Company · Named on p. 71

Zoning

Zoning district
R7-1

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

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