THE CONDO BOOK PROJECT

1010 Park Avenue Condominium

1010 Park Avenue, Manhattan, NY 10028

Overview

Units
11 residential · 2 commercial
Subway
3 min walk to 86 St 4 5 686 St Q, 9 min
Principals
Gary Barnett
Offering price
$177.8 million total

The sponsor of record is Pa Acquisitions (NY) LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 636 pages. The sponsor has filed 9 amendments, the latest in January 2021. The nearest other condo plan on file is 60 East 86th Street Condominium, next door.

Plan CD160336 · New · accepted May 24, 2017 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan11 of 11
Closingsfirst and latest recordedJun 28, 2019 – Jan 4, 2022

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2024: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 12 closings
HomeRecordedClosing priceSchedule ADifference
TRDPXJun 28, 2019$24,971,690——
UNT8Jun 28, 2019$12,732,325——
CUMar 24, 2020$5,000,000——
UNT5Sep 15, 2020$9,701,325——
UNT9Mar 12, 2021$11,538,675——
UNT11Apr 6, 2021$12,406,313——
UNT14Apr 13, 2021$14,805,075——
UNT7May 4, 2021$9,650,288——
UNT12May 14, 2021$13,631,213——
UNT6May 20, 2021$9,930,994——
PHDPXDec 2, 2021$32,668,200——
UNT10Jan 4, 2022$13,059,593——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Pa Acquisitions (NY) LLC
Principals
Gary Barnett
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection

From our research: Do NYC Developers Rehire the Same Firms?

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