Beacon Tower Condominium
31-38 137th Street, Queens, NY 11354
Overview
Beacon Tower is a 16-unit condo in Queens, with 10 parking units.
- Offering plan: Accepted April 2009 · 260 pages
- Finishes: Engineered wood floors, laminate kitchen countertops, Techline Studio cabinets, LG and GE appliances and a washer and dryer in each apartment
- Prices: $602 a square foot on average, as first offered; $9.81 million in all
- Common charges: $285–$319 a month, the sponsor's first-year estimate
- Utilities: Electricity, gas, heat, cooling and hot water paid by the owner; water and sewer in the common charges p. 36
- Sponsor: Juchun Management, Inc, represented by Bleckner P.C.; principals JAE HWAN CHO and SONG HIE KIM
- Neighborhood: Flushing, Queens
- Subway: 15-minute walk to Flushing-Main St (7)
- Amendments: 1, the latest in April 2010
- Units
- 16 residential · 10 parking
- Neighborhood
- Flushing, Queens
- Subway
- 15 min walk to Flushing-Main St 7
- Principals
- JAE HWAN CHO, SONG HIE KIM
- Average $/sf
- $602Homes in Schedule A, as first offered
- Common charges
- $285–$319 a monthSponsor's first-year estimate in Schedule A, June 1, 2009 - May 31, 2010
- Offering price
- $9.81 million total
- Floor plans
- Pages 127–136 of the plan
- AcceptedApril 2009
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
16 of 16 units sold (100%)
$6.25 millionin sales
$518/SFaverage sale price
July 2010 – February 2013first to latest sale
| Unit | Sold | Price |
|---|---|---|
| 10A | Feb 27, 2013 | $402,558 |
| 8B | Dec 5, 2012 | $403,000 |
| 5B | Jul 3, 2012 | $364,151 |
| 8A | May 9, 2012 | $390,390 |
| 9A | May 2, 2012 | $395,460 |
| 4A | Oct 19, 2011 | $399,516 |
| 7B | Mar 31, 2011 | $407,425 |
| 4B | Mar 4, 2011 | $365,040 |
| 3A | Dec 2, 2010 | $367,068 |
| 9B | Nov 5, 2010 | $410,670 |
| 6A | Oct 29, 2010 | $380,250 |
| 6B | Oct 22, 2010 | $374,166 |
| 7A | Oct 18, 2010 | $405,297 |
| 10B | Oct 8, 2010 | $404,586 |
| 5A | Sep 16, 2010 | $376,194 |
| 3B | Jul 23, 2010 | $400,530 |
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.
| Home | Plan's estimate | Current |
|---|---|---|
| 3A | $117 | $8,057FY2026 |
| 3B | $117 | $8,057FY2026 |
| 4A | $117 | $8,057FY2026 |
| 4B | $117 | $8,057FY2026 |
| 5A | $119 | $8,244FY2026 |
| 5B | $119 | $8,244FY2026 |
| 6A | $122 | $8,432FY2026 |
| 6B | $122 | $8,432FY2026 |
| 7A | $125 | $8,619FY2026 |
| 7B | $125 | $8,619FY2026 |
| 8A | $128 | $8,807FY2026 |
| 8B | $128 | $8,807FY2026 |
| 9A | $128 | $8,807FY2026 |
| 9B | $128 | $8,807FY2026 |
| 10A | $130 | $8,993FY2026 |
| 10B | $130 | $8,993FY2026 |
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
- $1,000.00Paid by the purchaser to the sponsor's attorneys for the closingp. 8
- Counsel's extra charges
- $200.00: closing outside counsel's officep. 8
- 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. 8
- Working capital
- “one (1) month's common charge”Contribution to the condominium's working capital fundp. 6
Not listed: title insurance, mortgage tax, lender fees, mansion tax.
The Building
Amendments
Amendment 1 2010
Plan declared effective with 19.05% units sold, parking spaces eliminated, offering period extended, and first closing expected June 1, 2010.
- Plan declared effective April 21, 2010 with 4 units sold (19.05% of building)
- Three parking spaces (P9, P10, P11) eliminated; common interest and charges redistributed to P4, P5, P7
- Offering period extended to six months after amendment filing date
- First unit closing anticipated June 1, 2010
- First year budget remains unchanged from original plan
Team
- Sponsor
- Juchun Management, Inc
- Principals
- JAE HWAN CHO, SONG HIE KIM
- Counsel
- Bleckner P.C.
- Construction lender
- United Commercial Bank$5.6 million recorded
- General contractors
- Total Design Solution, Ein Contracting, HD Hvac of NYHeld the general construction permit on DOB job 402448721
- Property report
- Kang Wing Chan, Professional EngineerPrepared the plan's description of the property and its condition · Named on p. 105
- Title agency
- Cooke Abstract Corp.The sponsor's title company for buyers; you can choose another · Agent for Chicago Title Insurance Company · Named on p. 62
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 31-53 Linden Place Condominiumnext door · 16 units · 8 parking · 2020
- Linden Plaza Condominiumnext door · 18 units · 9 parking · 2002
- Parkside Tower Condominium0.1 mi · 55 units · 24 parking · 2015
- Farrington0.3 mi · 100 units · 1 parking · 2018
- Prince0.3 mi · 120 units · 2023
- Flushing Tower Condominium0.3 mi · 1985