THE CONDO BOOK PROJECT

150-02 Northern Boulevard Condominium

150-02 Northern Boulevard, Queens, NY 11354

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Overview

150-02 Northern Boulevard is a new 39-unit condo in Queens, with 1 parking unit and 3 commercial units.

  • Offering plan: Accepted November 2025 · 359 pages
  • Finishes: Engineered wood floors, quartz kitchen countertops, Beko, GE and Bosch appliances and a washer and dryer in each apartment
  • Prices: $1,209 a square foot on average, as first offered; $45.7 million in all
  • Common charges: $226–$397 a month, the sponsor's first-year estimate
  • Utilities: Electricity paid by the owner; water and sewer in the common charges p. 116
  • Developers: DV18 Realty LLC, Lee & Wang 15002 LLC and Royal Global Enterprises LLC; principals Ray Chen, Yu Kei Lam, Sammy Yu, Shi Wei Lei, Ken Wang, Leon R. Tucker Jr. and Mike Shih Cheng Lee
  • Sponsor: 15002 Property LLC, represented by Moritt Hock & Hamroff, LLP
  • Neighborhood: Murray Hill, Queens
  • Subway: 17-minute walk to Flushing-Main St (7)
  • Amendments: 2, the latest in September 2026
  1. AcceptedNovember 2025
  2. 2 amendments
  3. First sale
  4. Latest sale

Sales

3 of 39 units sold (8%)

$1.56 millionin sales
$1,025/SFaverage sale price
August 2026 – August 2026first to latest sale
UnitSoldPrice
5EAug 24, 2026$529,490
4EAug 21, 2026$542,218
5FAug 11, 2026$486,720
Every sale: 3 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.

The plan estimates $6,655 to $11,599 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.

Compare

FigureThis building1Luxe Living239 units · 1.1 miaccepted 2025Northern 146344 units · 0.3 miaccepted 2025
Common ChargesPer Square Foot / Month$0.47Lowest$0.58$0.62
Average Offering PricePer Apartment$709,827In line$676,667$875,823
Average PricePer Square Foot$1,209Below peers$1,291$1,349
Average Unit SizeSquare Feet587 SFIn line524 SF649 SF
Unit mix, amenities, finishes, utilities and operating costs against Luxe Living and Northern 146Unlock the rest with a free account
How We Got This
  • Comps: the closest Queens plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

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. 11
Counsel's extra charges
  • $250: ACRIS transfer documents preparationp. 11
  • $500: Adjourned closingp. 11
  • $250: Closing outside counsel's officep. 11
Working capital
“two (2) months Common Charges”Contribution to the condominium's working capital fundp. 11
Sponsor's carrying costs and other charges (per diem)
“.0438% per day (which equals an annual rate of 16%) of the purchase price for the Unit for each day beyond such original ly scheduled or Sponsor adjourned Closing Date”Paid to Sponsorp. 11

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

All 6 closing costs in the plan, with their pagesGet Full Access

Amendments

Amendment 1 2026

Plan declared effective on February 24, 2026, after 15% of units sold; first closing anticipated June 1, 2026.

  • Plan declared effective February 24, 2026 (6 units sold, meeting 15% threshold)
  • First closing anticipated on or about June 1, 2026
  • Budget has not changed
  • Amendment valid for 6 months from acceptance for filing
What the amendment changed, line by lineGet Full Access

Team

Sponsor
15002 Property LLC
Developers
DV18 Realty LLC, Lee & Wang 15002 LLC, Royal Global Enterprises LLC
Principals
Ray Chen, Yu Kei Lam, Sammy Yu, Shi Wei Lei, Ken Wang, Leon R. Tucker Jr., Mike Shih Cheng Lee
Tax estimate
Quicklink IncPrepared the first-year real estate tax projection
General contractor
Construction Mngt. AaHeld the general construction permit on DOB NOW job Q08037315
Title agency
Cornerstone Land Abstract, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 78

Zoning

Zoning district
R6A
Commercial overlay
C2-2

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

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