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Plan ID: CD060623 Occupied: SPLIT/RESIDENTIAL
Name: POWERHOUSE CONDOMINIUM (THE) Eviction:
Address: 50-09 2ND ST, AKA 2-34 51ST AVE Initial Price: $121,047,900.00
LONG ISLAND CITY, NY 11101 Current Price: $25,511,015.00
Boro/County: QUEENS Submitted Date: 09/21/2006
Location Code: QUEENS Withdrawn Date:
Type: CONDOMINIUM Rejected Date:
Construction: NEW Reviewed Date: 04/06/2007
Units: Accepted Date: 04/06/2007
Review Attorney: WOLFISH A Abandoned Date:
Action: ACCEPTED Effective Date: 07/02/2008
CPS-10 Certification Filed:
Amendment No:17Submitted Date:01/15/2020Next Amendment
Review Attorney:DORLEN DReviewed Date:02/13/2020 
Review Engineer: Action:ACCEPTED 
Contents*Click here to view the amendment codes key.:12; CHANGE IN PRICE $3,140,035; NEW TOTAL OFFERING PRICE $25,511,015; NON-SPONSOR-CONTROLLED BOARD; SCHEDULE A - NEW; 73- FINANCIAL STATEMENT YEAR 2018; 72; EXPIRATION OF TAX EXEMPTION; (12) Previous Amendment

Building Info

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Plan ID: CD060623
Number of Units
Commercial 2
Parking 0
Professional 0
Resort 0
Residential 177
•Regulated 0
•Non-Regulated 0
Storage 0
Other 0
Total 179
Project Name: POWERHOUSE CONDOMINIUM (THE)
 
Building Type: Condo 
Residential Conversion:  
Residential Vacant: New Construction 
Commercial:  
 
 
 

Statistical Record

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Plan ID: CD060623
Project Name: POWERHOUSE CONDOMINIUM (THE)
Address: 50-09 2ND ST, AKA 2-34 51ST AVE
LONG ISLAND CITY, NY 11101
Country: US
County: QUEENS
Location: QUEENS
Sponsor Name: POWERUNITS LIC, LLC & CORNERSTONE VENTURES LLC
Address: 199 LEE AVE., PMB 103
BROOKLYN, NY 11211
Law Firm: BERGER & SKLAW LLP
By: LAURENCE M SKLAW, Esq.
Phone: (212) 685-6100
Address: 80-02 KEW GARDENS RD, SUITE 605
KEW GARDENS, NY 11415
Type of Offering: NEW CONSTRUCTION OR VACANT CONDO
Plan Type: CONDOMINIUM
Construction Type: NEW

Principals of Sponsor

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Plan ID: CD060623
Project Name: POWERHOUSE CONDOMINIUM (THE)
Sponsor Name: POWERUNITS LIC, LLC & CORNERSTONE VENTURES LLC
 
Select A Principal Below To View Other Plans Associated With Them.
Last NameFirst NameMITitle/Function
SCHWIMMER CHESKEL MANAGING MEMBER
SCHWIMMER GOLDIE MEMBER

Statistical Record

 Plan ID:   
 
NAME OF PROJECT: POWERHOUSE CONDOMINIUM (THE) File NO: CD060623
ADDRESS: 50-09 2ND ST, AKA 2-34 51ST AVE DEPOSIT: $10,000.00
CITY: LONG ISLAND CITY REC./DATE: 10/18/2006 (#081450)
COUNTY: QUEENS BALANCES: $10,000.00
STATE: NY REC./DATE: 04/05/2007 (#84948)
ZIP: 11101 INIT. PP:
SPONSOR: POWERUNITS LIC, LLC & CORNERSTONE VENTURES LLC PP on Accep: $121,047,900.00
SPONSOR'S ATTORNEY (Firm): BERGER & SKLAW LLP Atty.: BERGER E
BY: LAURENCE M SKLAW, Esq. PLAN REC'D:
ADDRESS: 80-02 KEW GARDENS RD, SUITE 605 ASSIGNED TO: WOLFISH A
KEW GARDENS, NY 11415 REJECTED:
PLAN TYPE: PT20 (NC/Vac Condo) WITHDRAWN:
ABANDONED:
ACCEPTED: 04/06/2007
DATE EFFECTIVE: 07/02/2008
UNITS SOLD:

BUILDING INFORMATION
Building Type: Condo No. Units Total:

PRINCIPALS OF SPONSOR
Last Name First Name MI Title/Function
SCHWIMMERCHESKELMANAGING MEMBER
SCHWIMMERGOLDIEMEMBER

AMENDMENTS
No: 17 Submitted Date: 01/15/2020 Review Attorney: DORLEN D
Review Date: 02/13/2020 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 12; CHANGE IN PRICE $3,140,035; NEW TOTAL OFFERING PRICE $25,511,015; NON-SPONSOR-CONTROLLED BOARD; SCHEDULE A - NEW; 73- FINANCIAL STATEMENT YEAR 2018; 72; EXPIRATION OF TAX EXEMPTION; (12) Receipt Number: 155185

No: 16 Submitted Date: 04/30/2018 Review Attorney: DORLEN D
Review Date: 05/02/2018 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 72; SPONSOR FINANCIAL DISCLOSURE ITEMS; 73 FINANCIAL STATEMENT - YEAR 2016; NON-SPONSOR CONTROLLED BOARD (12) Receipt Number: 146232

No: 15 Submitted Date: 11/15/2016 Review Attorney: DORLEN D
Review Date: 11/30/2016 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 72; 73 - FINANCIAL STATEMENT - YEAR 2015; SCHEDULE A - NEW; NON-SPONSOR CONTROLLED BOARD; SPONSOR FINANCIAL DISCLOSURE ITEMS; 99 - NEW SPONSOR (SAME PRINCIPALS) (12) Receipt Number: 138949

No: 14 Submitted Date: 07/30/2015 Review Attorney: DISCHELL J
Review Date: 08/28/2015 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 90; 11; CHANGE IN PRICE $7,393,275, NEW TOTAL OFFERING PRICE $49,812,300; FORM CD11 ATTACHED; 73- FINANCIAL STATEMENT YEAR 2014; SCHEDULE A NEW; SPONSOR FINANCIAL DISCLOSURE ITEMS; 72; NON SPONSOR CONTROLLED BOARD (12) Receipt Number: 132248

No: 13 Submitted Date: 08/12/2014 Review Attorney: DORLEN D
Review Date: 08/15/2014 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 72; NON-SPONSOR CONTROLLED BOARD; SPONSOR FINANCIAL DISCLOSURE ITEMS; 99-FIRST MEETIGN OF UNIT OWNERS, SUPER'S UNIT COVEYED TO BOARD(12) Receipt Number: 127365

No: 12 Submitted Date: 05/28/2014 Review Attorney: DORLEN D
Review Date: 05/28/2014 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 11 (RG); CHANGE IN PRICE $10,751,050; NEW TOTAL OFFERING PRICE $50,901,050; FORM CD-11 ATTACHED; REVIEWED 6/2/14; AS OF 5/28/14 (0) Receipt Number: 126374

No: 11 Submitted Date: 09/04/2013 Review Attorney: DORLEN D
Review Date: 09/04/2013 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : PRICE CHANGE - TAMARA MARTIN, 11 - CHANGE IN PRICE $4,470,000, NEW TOTAL OFFERING PRICE $47,645,000, FORM CD-11 ATT'ED, AS OF 9/11/13. Receipt Number: 123071

No: 10 Submitted Date: 05/10/2013 Review Attorney: DORLEN D
Review Date: 07/25/2013 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 11 - CHANGE IN PRICE $4,245,000, NEW TOTAL OFFERING PRICE $43,705,000, FORM CD-11 ATT'ED, 71, 73 - FINANCIAL STATEMENT - 2012 YEAR, SPONSOR CONTROLLED BOARD, ENGINEER'S - ARCHITECT'S CERTIFICATION, SPONSOR FINANCIAL DISCLOSURE ITEMS, ESCROW TRUST FUND REVISIONS (2012), 99 -DAMAGE FROM HURRICANE SANDY. (12) Receipt Number: 121462

No: 9 Submitted Date: 04/18/2011 Review Attorney: DORLEN D
Review Date: 04/27/2011 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 71-UPDATES BUDGET WITH ADEQUACY LETTER; 79-UPDATES - UNSOLD UNITS; FINANCIAL DISCLOSURE; BOARD; 99-OTHER - REVISED SCHEDULE A; UNITSL TO BE SOLD "AS IS"; (12) P.I. (06/06/11) Receipt Number: 112269

No: 8 Submitted Date: 07/29/2010 Review Attorney: DANIELS D
Review Date: 03/02/2011 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 53-LICENSED REAL ESTATE BROKER; 79-UPDATES - UNSOLD UNITS; FIN DISCL; BOD; 99-OTHER - TWO NEW SPONS IN ADDITION TO ORIG SPONS' DEVELOPMENT OF ADJOINING PROPERTIES; FINAL C OF O; ESCROW AREEMENTS; (12) Receipt Number: 105901

No: 7 Submitted Date: 01/04/2010 Review Attorney: DANIELS D
Review Date: 01/19/2010 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 71-UPDATES BUDGET WITH ADEQUACY LETTER; 79-UPDATES - UNSOLD UNITS; FINANCIAL DISCLOSURE; BOARD SEATS; 99-OTHER - NEW ESCROW BANK; (12) TO: C. PALLADINO-VOLUNTEER ATTY - 10/29/10) Receipt Number: 102959

No: 6 Submitted Date: 06/10/2009 Review Attorney: WOLFISH A
Review Date: 06/30/2009 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 71-UPDATES BUDGET WITH ADEQUACY LETTER, 99-STATUS OF SALES;FINANCING RISK;INITIAL CAPITAL PAYMENT;BOARD TEMPORARY CERTIFICATE OF OCCUPANCY;FINANCIAL DISCLOSURE;SCHEDULE A;PURCHASE GREEMENT, (12) Receipt Number: 99916

No: 5 Submitted Date: 01/08/2009 Review Attorney: WOLFISH A
Review Date: 02/02/2009 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 90 - POST-CLOSING-STATUS OF UNSLD SHRS/UNTS; BOD; 99-OTHER - DECL RCRD; RL EST TX ASS; TEMP C OF O; FIN DISCL; MNG AGT; RESID MNGR'S UNIT; (6) Receipt Number: 97442

No: 4 Submitted Date: 06/23/2008 Review Attorney: WOLFISH A
Review Date: 07/02/2008 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 20-EFF 50 UNITS; 29%; AFF; SUBSCR; NOTIC & AFF OF SERV; (6) P.I. (12/23/08) Receipt Number: 93962

No: 3 Submitted Date: 03/14/2008 Review Attorney: WOLFISH A
Review Date: 04/10/2008 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 71 99-PURCHASE AGREEMENT, CONSTRUCTION LENDR(12) Receipt Number: 92118

No: 2 Submitted Date: 10/04/2007 Review Attorney: WOLFISH A
Review Date: 10/04/2007 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 11,SH, 10/17/07 Receipt Number: 89057

No: 2 Submitted Date: 10/04/2007 Review Attorney: WOLFISH A
Review Date: 10/04/2007 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 11,SH, 10/17/07 Receipt Number: 89057

No: 1 Submitted Date: 09/07/2007 Review Attorney: WOLFISH A
Review Date: 09/07/2007 Action: ACCEPTED
Contents*Click here to view the amendment codes key. : 11PRICE CHANGE NEW OFFERING 156,420,900.00 INCREASE NO FEE DN, 10/23/07 Receipt Number: 88507


Documents

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Please note that certain documents associated with this plan ID may not be posted below despite others being posted below. Only documents that have been prepared for posting will be posted below; additional documents may be added on an ongoing basis as they are prepared. Please also note that if more than 10 documents are posted, they will appear on multiple pages.

Total documents found: 18
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CD060623_Powerhouse Condominium (The)_Offering Plan.pdf 141.898 MB
CD060623_Powerhouse Condominium (The)_Amendment 17.pdf 4.205 MB
CD060623_Powerhouse Condominium (The)_Amendment 16.pdf 4.237 MB
CD060623_Powerhouse Condominium (The)_Amendment 15.pdf 5.887 MB
CD060623_Powerhouse Condominium (The)_Amendment 14.pdf 0.54 MB
CD060623_Powerhouse Condominium (The)_Amendment 13.pdf 0.544 MB
CD060623_Powerhouse Condominium (The)_Amendment 12.pdf 0.085 MB
CD060623_Powerhouse Condominium (The)_Amendment 11.pdf 0.072 MB
CD060623_Powerhouse Condominium (The)_Amendment 10.pdf 3.707 MB
CD060623_Powerhouse Condominium (The)_Amendment 9.pdf 0.102 MB