Infinity 8 On Bowne Condominium
41-60 Bowne Street A/K/A 142-146 Sanford Ave, Queens, NY 11355
Also known as 41-60 Bowne Street · 142-146 Sanford Ave
Overview
Infinity 8 On Bowne is a 64-unit condo conversion in Queens.
- Offering plan: Accepted March 2019 · 582 pages
- Prices: $685 a square foot on average, as first offered; $33 million in all ($30.7 million when first offered)
- Common charges: $364–$747 a month, the sponsor's first-year estimate
- Utilities: Electricity and gas paid by the owner; water and sewer in the common charges p. 34
- Developer: Zarasai Group LLC; principals Joel Wiener and Sherry Wiener
- Sponsor: Bowne LLC, represented by Pryor Cashman, LLP
- Neighborhood: Flushing, Queens
- Subway: 9-minute walk to Flushing-Main St (7)
- Amendments: 1, the latest in April 2019
- Units
- 64 residential
- Neighborhood
- Flushing, Queens
- Subway
- 9 min walk to Flushing-Main St 7
- Developer
- Zarasai Group LLC
- Principals
- Joel Wiener, Sherry Wiener
- Average $/sf
- $685Homes in Schedule A, as first offered
- Common charges
- $364–$747 a monthSponsor's first-year estimate in Schedule A, January 1, 2020 - December 31, 2020
- Offering price
- $33 million total $30.7 million when first offered
- Floor plans
- Pages 301–331 of the plan
- SubmittedNovember 2017
- AcceptedMarch 2019
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
25 of 64 units sold (39%)
$11.9 millionin sales
$713/SFaverage sale price
December 2019 – March 2026first to latest sale
| Unit | Sold | Price |
|---|---|---|
| 5H | Mar 4, 2026 | $430,000 |
| 6D | May 20, 2025 | $475,000 |
| 5G | Jul 1, 2024 | $530,000 |
| 3D | Jan 20, 2023 | $500,000 |
| 6E | Mar 18, 2022 | $500,000 |
| 3J | Oct 7, 2021 | $410,000 |
| 1D | Sep 10, 2021 | $510,000 |
| 4F | Sep 10, 2021 | $400,000 |
| 5A | Jun 15, 2021 | $580,000 |
| 4E | May 14, 2021 | $480,000 |
| 4I | Mar 22, 2021 | $438,000 |
| 1B | Oct 29, 2020 | $350,888 |
| 4D | Feb 11, 2020 | $520,000 |
| 6B | Jan 31, 2020 | $490,000 |
| 6A | Jan 22, 2020 | $630,000 |
| 6H | Jan 21, 2020 | $545,000 |
| 2F | Jan 16, 2020 | $327,409 |
| 4J | Jan 13, 2020 | $450,000 |
| 3C | Dec 16, 2019 | $500,000 |
| 5D | Dec 6, 2019 | $530,000 |
| 2C | Dec 5, 2019 | $490,000 |
| 3I | Dec 5, 2019 | $458,000 |
| 5B | Dec 5, 2019 | $490,000 |
| 2K | Dec 4, 2019 | $409,888 |
| 6F | Dec 4, 2019 | $420,000 |
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 5 homes.
Checked against the first full year's bill for 5 homes: 5 paid more. The typical home paid 40% more than estimated.
| Home | Plan's estimate | First year | Current |
|---|---|---|---|
| 1A | $2,219 | $3,828FY2026 | |
| 1B | $1,411 | $2,434FY2026 | |
| 1C | $1,789 | $3,086FY2026 | |
| 1D | $2,336 | $3,263FY2024 | $4,030FY2026 |
| 1F | $1,592 | $2,746FY2026 | |
| 1G | $2,650 | $4,571FY2026 | |
| 1H | $2,477 | $4,273FY2026 | |
| 1J | $2,131 | $3,676FY2026 | |
| 1K | $1,628 | $2,809FY2026 | |
| 2A | $2,441 | $4,210FY2026 | |
| 2B | $1,914 | $3,301FY2026 | |
| 2C | $2,030 | $2,518FY2026 | |
| 2D | $2,091 | $3,606FY2026 | |
| 2E | $2,002 | $3,454FY2026 | |
| 2F | $1,620 | $2,795FY2026 | |
| 2G | $2,678 | $4,619FY2026 | |
| 2H | $2,059 | $3,551FY2026 | |
| 2I | $1,825 | $3,149FY2026 | |
| 2J | $1,765 | $3,045FY2026 | |
| 2K | $1,648 | $2,044FY2026 | |
| 3A | $2,493 | $4,300FY2026 | |
| 3B | $1,954 | $3,371FY2026 | |
| 3C | $2,071 | $2,568FY2026 | |
| 3D | $2,131 | $2,976FY2024 | $2,643FY2026 |
| 3E | $2,042 | $3,523FY2026 | |
| 3F | $1,644 | $2,836FY2026 | |
| 3G | $2,730 | $4,710FY2026 | |
| 3H | $2,103 | $3,627FY2026 | |
| 3I | $1,861 | $2,309FY2026 | |
| 3J | $1,801 | $2,515FY2024 | $3,107FY2026 |
| 3K | $1,685 | $2,906FY2026 | |
| 4A | $2,541 | $4,384FY2026 | |
| 4B | $1,990 | $3,433FY2026 | |
| 4C | $2,115 | $3,648FY2026 | |
| 4D | $2,175 | $3,752FY2026 | |
| 4E | $2,083 | $3,593FY2026 | |
| 4F | $1,656 | $2,313FY2024 | $2,857FY2026 |
| 4G | $2,786 | $4,807FY2026 | |
| 4H | $2,143 | $3,697FY2026 | |
| 4I | $1,902 | $2,359FY2026 | |
| 4J | $1,837 | $3,169FY2026 | |
| 4K | $1,717 | $2,961FY2026 | |
| 5A | $2,593 | $4,474FY2026 | |
| 5B | $2,030 | $2,518FY2026 | |
| 5C | $2,155 | $3,717FY2026 | |
| 5D | $2,219 | $2,753FY2026 | |
| 5E | $2,123 | $3,662FY2026 | |
| 5F | $1,685 | $2,906FY2026 | |
| 5G | $2,843 | $4,512FY2025 | $4,904FY2026 |
| 5H | $2,187 | $3,773FY2026 | |
| 5I | $1,938 | $3,343FY2026 | |
| 5J | $1,874 | $3,232FY2026 | |
| 5K | $1,749 | $3,017FY2026 | |
| 6A | $2,642 | $4,557FY2026 | |
| 6B | $2,071 | $3,572FY2026 | |
| 6C | $2,195 | $3,787FY2026 | |
| 6D | $2,260 | $3,898FY2026 | $3,898FY2026 |
| 6E | $2,167 | $2,674FY2023 | $3,738FY2026 |
| 6F | $1,713 | $2,955FY2026 | |
| 6G | $2,895 | $4,994FY2026 | |
| 6H | $2,227 | $3,843FY2026 | |
| 6I | $1,974 | $3,405FY2026 | |
| 6J | $1,910 | $3,294FY2026 | |
| 6K | $1,785 | $3,079FY2026 |
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
- $2,500.00Paid by the purchaser to the sponsor's attorneys for the closingp. 19
- Counsel's extra charges
- “$500.00 for each Closing held within Manhattan and $700.00 for each Closing held in any borough outside Manhattan”: closing outside counsel's officep. 19
- $500.00: assignment of Agreement or addition, deletion or substitution of namesp. 19
- $200.00: reschedule fee if Purchaser postpones Closing less than 5 business days priorp. 19
- 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. 17
- Working capital
- “2 months' Common Charges”Contribution to the condominium's working capital fundp. 14
- Recording fee for Unit Deed and Power of Attorney
- “approximately $42.00 for each instrument plus $5.00 per page together with a fee of $125.00 for filing the New York City Real Property Transfer Tax Return”p. 125
Not listed: title insurance, mortgage tax, lender fees, mansion tax.
The Building
Team
- Sponsor
- Bowne LLC
- Developer
- Zarasai Group LLC
- Principals
- Joel Wiener, Sherry Wiener
- Counsel
- Pryor Cashman, LLP
- Property report
- Jean Lin, PE, Lingineering ConsultingPrepared the plan's description of the property and its condition · Named on p. 180
Zoning
- Zoning district
- R7-1
- Commercial overlay
- C1-2
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Epic Tower Condominiumnext door · 95 units · 128 parking · 2021
- 142-15 Franklin Avenuenext door · 1984
- 42-08 Bowne Street Condominiumnext door · 10 units · 1 parking · 2022
- Infinity 8 On Franklin Condominiumnext door · 144 units · 2018
- Ying City Plaza Condominium0.1 mi · 34 units · 10 parking · 2023
- Stanton Condominium0.1 mi · 351 units · 1985