THE CONDO BOOK PROJECT

Lian Feng Condominium

147-12 Roosevelt Avenue, Queens, NY 11354

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Overview

Lian Feng is an 11-unit condo in Queens, with 9 parking units.

  • Offering plan: Accepted March 2023 · 276 pages
  • Finishes: 8-foot ceilings, wood floors, cultured marble kitchen countertops, grey plywood cabinets, Frigidaire and GE Profile appliances and Delta bathroom fittings
  • Prices: $955 a square foot on average, as first offered; $11.5 million in all
  • Common charges: $273–$1,485 a month, the sponsor's first-year estimate
  • Utilities: Electricity, gas and heat paid by the owner p. 143
  • Sponsor: Lian Feng International LLC, represented by Thomas E. Berinato, Attorney At Law; principals Lin Li and Yao Wang
  • Neighborhood: Murray Hill, Queens
  • Subway: 12-minute walk to Flushing-Main St (7)
  • Amendments: 2, the latest in April 2026
  1. AcceptedMarch 2023
  2. 2 amendments

Common Charges & First-Year Budget

Property Taxes

The plan's first-year tax estimate.

The plan estimates $7,309 to $39,810 a year per home. No city tax bills for these homes yet.

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

Sponsor's counsel fee
$1,200Paid by the purchaser to the sponsor's attorneys for the closingp. 69
Counsel's extra charges
  • $250: closing outside counsel's officep. 69
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. 6
Working capital
$500.00Contribution to the condominium's working capital fundp. 68

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

All 4 closing costs in the plan, with their pagesGet Full Access

Amendments

Amendment 2 Jan 3, 2026

Plan declared effective with 3 of 13 units (23.07%) under accepted purchase agreements.

  • Plan declared effective on January 3, 2026
  • Sponsor accepted purchase agreements for 3 of 13 units (23.07%)
  • Closing may not occur until plan effectiveness amendment is accepted for filing by Department of Law

Amendment 1 May 10, 2024

Plan extended six months with new sponsor, updated budgets and taxes, and no material changes otherwise.

  • Plan extended six months; commencement date changed to July 1, 2025
  • Sponsor changed from Lian Feng International to RIKA MASON GROUP LLC (effective November 4, 2022, name changed October 16, 2024)
  • New Sponsor principal: Julie Wang, 90 Baker Hill Road Great Neck, NY 11023
  • Schedules A and B updated with current projections of taxes and budget expenses
  • Tax opinion letter updated for estimated real estate taxes for July 1, 2026
  • Closing attorney updated for new Sponsor
  • No Officer's and Director's Liability Coverage noted as special risk
What each amendment changed, line by lineGet Full Access

Team

Sponsor
Lian Feng International LLC
Principals
Lin Li, Yao Wang
Tax estimate
Thomas E. BerinatoPrepared the first-year real estate tax projection
General contractors
Yx Construction, Master Works Contractor, JJK Building Consulting, 5d Architect and EngineerHeld the general construction permit on DOB job 421577564
Title agency
Federal Standard AbstractThe sponsor's title company for buyers; you can choose another · Agent for Commonwealth Title Insurance Company · Named on p. 67

Zoning

Zoning district
R5

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

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