Rowan II

The Department of Buildings new-building application describes a seven-floor building "with 2 levels under ground," 90 residential units, retail on part of the ground floor and most of the cellar, and residential amenity and utility space in the rest of the cellar and the sub-cellar. INOA Architecture is the architect of record; the same owner entity and architect appear on the filings for The Icon at 25-08 43rd Avenue in Long Island City.

Listing records describe chevron oak floors, multi-zone heating and cooling, white marble kitchen counters with integrated Miele appliances and vented hoods, and radiant-heated bathroom floors with marble vanities. Penthouse 1A is a 994-square-foot corner two-bedroom with a 95-square-foot terrace.

• May 31, 2024: New-building application filed.
• December 6, 2024: New-building and support-of-excavation permits issued.
• May 2025: Construction fence permitted.
• January 5, 2026: Support-of-excavation work signed off.
• September 2026: Latest update to the new-building application on record.

The offering plan number and acceptance date have not been confirmed in the sources reviewed. Units shown in contract indicate the plan has been accepted; confirm the file number and Schedule A with the sponsor before signing.

Listing records show:

• 2AA: one-bedroom, 530 square feet, $695,000 (about $1,311 per square foot); listed common charges $310 a month
• 3B: 610 square feet, $915,000 (about $1,500 per square foot) — one record lists it as a one-bedroom, another as a three-bedroom in contract
• PH2-E: three-bedroom penthouse, 1,518 square feet, $2,595,000 (about $1,710 per square foot); listed common charges $963 a month
• PH1-A: two-bedroom, 994 square feet with terrace; in contract, price not disclosed
• Several other one- and two-bedrooms and penthouses are listed with prices on request

The tax figures in listing records are not labeled monthly or annual and are not used here.

You are buying before completion. No completion date has been published. The plan sets an outside closing date and what happens if construction runs late.

Confirm the condominium's boundaries. Because the building shares a name and a block with The Rowan, ask whether any amenity, parking, easement or shared-cost arrangement links the two.

Deposit and escrow. Sponsor contracts typically require 10 to 20 percent at signing, held in escrow until closing.

Closing costs. The buyer customarily pays the New York State transfer tax (0.4 percent) and the New York City transfer tax (1.425 percent above $500,000) in a sponsor sale. On the $2,595,000 penthouse that is about $47,359, plus $32,438 in mansion tax at the 1.25 percent tier.

Amenity cost. A pool, sauna and staffed lobby add to the operating budget. Compare the plan's projected common charges per square foot with smaller buildings nearby.

Carrying costs. No tax abatement has been disclosed. The plan's budget projects first-year taxes.

• The Rowan (21-21 31st Street) — 46-residence DXA Studio condominium completed in 2021 on the same block
• Plaza 21 (23-11 21st Avenue) — 36-residence Astoria condominium with balconies and parking
• The Livelle (30-11 21st Street) — 33-residence Astoria condominium with a shared roof deck
• 14-43 28th Avenue — 38-home Astoria condominium with a long-term 421-a benefit
• 25-25 31st Avenue — twelve-residence Astoria condominium with private outdoor space
• Crescent View (30-94 Crescent Street) — seven-story, 33-residence Astoria condominium