Eastone Plaza Condominium
38-20 Parsons Boulevard, Queens, NY 11354
Overview
Eastone Plaza is a new seven-story Flushing building with 175 studio to two-bedroom condos over 19 community facility units and 154 parking spaces. Its offering plan prices homes at about $1,300 a square foot, runs the building on a small budget with one superintendent, and gives residential units no tax abatement. The offering plan specifies wood floors, Blomberg and Bosch appliances, a washer and dryer in each apartment, American Standard bathroom fittings and a VRF heat pump system for heating and cooling.
- Utilities: Electricity submetered and billed by the condominium; gas, hot water and water and sewer in the common charges p. 18
- What it is: new construction, seven floors plus a cellar and sub-cellar, on a corner lot of about 43,800 square feet with 292 feet of frontage on Parsons Boulevard. The main entrance is on 38th Avenue.
- Size: 175 homes, 19 community facility units and 154 parking spaces. The plan's unit-mix table counts 12 studios, 97 one-bedrooms and 66 two-bedrooms. There are no three-bedrooms.
- Offering prices: in the original Schedule A, studios run about $475,000 to $563,000, one-bedrooms about $608,000 to $883,000, and two-bedrooms about $954,000 to $1.32 million. These are asking prices, not sales, the plan says they're negotiable, and they may have changed by amendment.
- Common charges: roughly $160 to $440 a month, depending on the unit, under the sponsor's first-year projection.
- Subway: the 7 train at Flushing-Main St is about an 8-minute walk.
- AcceptedJune 2024
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
157 of 175 units sold (90%)
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 $3,806 to $10,583 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
| Figure | This building1 | Northern Center2127 units · 0.2 miaccepted 2024 | Prince3120 units · 0.6 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.43Lowest | $0.77 | $0.78 |
| Average Offering PricePer Apartment | $831,205Below peers | $964,406 | $920,159 |
| Average PricePer Square Foot | $1,300Above peers | $1,292 | $1,298 |
| Average Unit SizeSquare Feet | 639 SFSmaller | 746 SF | 709 SF |
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 buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
- Counsel's extra charges
- “$500 for each rescheduled closing”: rescheduled closingp. 101
- 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. 5
- Recording fee for Unit Deed and Power of Attorney
- “approximately $400”p. 99
- Assignment fee for Purchase Agreement
- $1,000Paid to Sponsor's attorneyp. 101
Not listed: title insurance, mortgage tax, lender fees, mansion tax.
The Building
Finishes
Kitchens
Cabinets are wood veneer and plastic laminate. Appliances are panel-fronted and sized to the home:
- Studios and one-bedrooms: a 24-inch Bosch gas cooktop, a 24-inch Bosch speed oven, an 18-inch Bosch dishwasher and a 22-inch Blomberg bottom-freezer refrigerator.
- Two-bedrooms: a 30-inch Bosch gas cooktop, a 30-inch Bosch speed oven, a 24-inch Bosch dishwasher and a 30-inch Blomberg bottom-freezer refrigerator.
Cooking gas is metered for the whole residential side and paid through common charges.
Bathrooms
Bathrooms use American Standard fixtures in white and polished chrome, with 5-foot tubs, hand showers on slide bars, and porcelain tile on the floors and walls.
Floors, Windows and Air
- Floors: engineered oak from Shaw Contract throughout, including the kitchen, with a 5-year limited warranty.
- Windows: a thermally broken glass window wall with insulated, low-e, argon-filled glass. Homes are ventilated by opening windows.
- Ceilings: about 7'9" to 9'9", lower at soffits and beams.
- Heating and cooling: a VRV heat pump system. You pay your own electricity, which covers your heat and air conditioning. The sponsor's engineer estimates about $670 a year for a studio and $1,280 to $1,630 for a two-bedroom.
- Laundry: every home has its own washer and dryer.
Compare with NYC condo finishes since 2010.
Listings: Eastone Plaza, 38-20 Parsons Boulevard on StreetEasy
Amenities, Staffing & Transportation
- Second floor: a lounge with a kitchen, a gym, an outdoor exercise area, a children's playroom, a business center, a conference room and a landscaped outdoor terrace.
- Roof: a landscaped outdoor terrace. The plan's utility list mentions a rooftop grill.
- Below grade: a bike room with card access, storage cages with card access, and a laundry room with two card-operated washers and gas dryers.
- Lobby: a package room next to the residential lobby.
Good to know: the plan doesn't promise the amenities will be finished by the first closing, and you have to close anyway. It also says the sponsor won't provide "recreational facilities," a line that's hard to square with the amenity list. Ask the sponsor what will be open when you move in. Compare with amenities by building size.
Tip: the plan contradicts itself on a few details. It puts the bike room in the sub-cellar with 85 spaces and also on the lobby level with 89. It says there's no shared laundry and also describes a cellar laundry room. Storage cages are described but aren't priced in Schedule A, so ask how they're assigned.
Staffing and Services
The budget pays for one full-time superintendent who isn't a union member. He's on call around the clock for emergencies, cleans the halls and does minor repairs. There's no doorman or concierge in the budget, even though the security description mentions intercoms and camera monitors at a lobby front desk.
The building has three passenger elevators for residents and one for the community facility floor. Each floor has a trash chute down to a compactor in the cellar. See what a doorman costs in an NYC condo for context.
Location & Transportation
- Neighborhood: Flushing, Queens
- Subway: 8 min walk to Flushing-Main St 7
- Parking: 154 parking units in the plan
Fine Print
- No tax abatement for homes. The sponsor isn't applying for 421-a or any other exemption for the residential units. Only the ground-floor community facility units are seeking an ICAP abatement.
- A small staff. The budget pays for one full-time superintendent, not a union member, and no doorman.
- Medical or day care downstairs. The 19 ground-floor units are limited to health care or day care use, which the plan says may bring more noise and traffic than homes would.
- Lots of parking for sale. 154 spaces in the cellar and sub-cellar, each offered at $75,000.
- Terraces on the second floor. Many second-floor homes come with private terraces of roughly 190 to 740 square feet, and some upper-floor homes have terraces or balconies too.
- Sponsor control. The sponsor controls the board for two years or until more than half the common interest is sold, whichever comes first. It can veto board spending on improvements, new staff, contracts and borrowing for up to five years.
- Investor-heavy building. The plan can be declared effective with contracts on 27 homes (15%), buyers don't have to live in their units, and it warns there may always be many non-resident owners.
- Square footage. Listed sizes are measured to the outside of exterior walls and the middle of shared walls, so usable space is noticeably smaller.
- Board right of first refusal. The board can match an offer when you sell.
- Parking can go to outsiders. The sponsor can rent unsold spaces to non-residents for one week to one month at a time. A resident who asks in writing gets a space within 30 days.
- Smoking. Allowed inside homes but not on terraces, balconies or anywhere else in the building.
- Contract terms. You pay the transfer taxes, waive a jury trial, pay the sponsor's legal fees if you sue and lose, and owe 8% interest if you delay your closing.
- Dates have slipped. The original plan expected completion and a first closing around January 1, 2025. The building may close on a temporary certificate of occupancy.
Listing photos of Eastone Plaza show you the layouts. The offering plan, the document the developer filed with the New York Attorney General, tells you how the building will be run and what you agree to when you buy. New to these documents? Start with what a condo offering plan is.
FAQ
How much are apartments at Eastone Plaza?
In the original Schedule A, about $475,000 for the smallest studio up to about $1.32 million for the largest two-bedroom, roughly $1,300 a square foot. Prices are negotiable and may have changed by amendment.
Does Eastone Plaza have a tax abatement?
Not for the homes. The sponsor isn't applying for 421-a or any other exemption for residential units, so taxes run about twice the common charges and may rise after reassessment.
Does Eastone Plaza have a doorman?
No. The first-year budget pays for one full-time superintendent and no door staff.
Can I buy parking at Eastone Plaza?
Yes. There are 154 spaces in the cellar and sub-cellar, each offered at $75,000 in the original plan, with their own common charges and taxes.
Where this comes from: the building's offering plan (CD230246), filed with the New York Attorney General, including its Schedule A price list, Schedule B first-year budget and description of property. Prices are the sponsor's original offering prices, not sales. Updated October 2026.
Team
- Sponsor: Eastone Parsons Holding LLC, whose members are Shun Qian Liu, Yong Qiu, Binbin Huang and Yi Hua Chen. Their earlier Queens condos include Rego Park Plaza, The LIC Manor, The Millo and Rego Parc.
- Architect: Stephen B. Jacobs Group
- Interior designer: SBJ Group, reported by sbjgroup.com; the plan doesn't name one
- Managing agent: CLS Professional Inc., at $72,000 a year on a two-year agreement
- Selling agent: the sponsor itself
- Sponsor's counsel: Law Office of Thomas E. Berinato
- Construction lender: Cathay Bank
- Sponsor
- Eastone Parsons Holding LLC
- Principals
- Shun-Qian Liu, Yong Qiu, Binbin Huang, Yi Hua Chen
- Construction lender
- Cathay Bank$62 million recorded
- General contractor
- B Sosa EnterprisesHeld the general construction permit on DOB job 421133464
- Structural engineer
- Silvian MarcusNamed on p. 227
- Interior designer
- SBJ GroupReported by sbjgroup.com
- Title agency
- Federal Standard AbstractThe sponsor's title company for buyers; you can choose another · Agent for Commonwealth Title Insurance Company · Named on p. 99
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 38-25 Parsons Blvdnext door · 1987
- 144-30 Roosevelt Avenue0.1 mi · 1989
- Changan Tower Condominium0.1 mi · 22 units · 1 parking · 2019
- Stern 88 Condominium0.2 mi · 26 units · 8 parking · 2015
- Ying City Plaza Condominium0.2 mi · 34 units · 10 parking · 2023
- East West Tower Condominium0.2 mi · 88 units · 15 parking · 2017