THE CONDO BOOK PROJECT

Excel Condominium

11 Monroe Street, Manhattan, NY 10002

Overview

Units
2 residential · 10 commercial
Subway
7 min walk to East Broadway FBrooklyn Bridge-City Hall/Chambers St 4 5 6 J Z, 11 min
Principals
Henry T.K. Cheng
Average $/sf
$983Homes in Schedule A, as first offered
Offering price
$7.13 million total

The sponsor of record is 11 Monroe Realty, Inc., represented by Phillips Nizer, LLP. The offering plan runs 416 pages. The sponsor has filed 2 amendments, the latest in February 2024. The nearest other condo plan on file is Excel Tower Condominium, next door.

Plan CD210101 · Conversion · accepted Mar 20, 2023 · AG record ↗

Compare

FigureThis building157 Lispenard24 units · 0.7 miaccepted 2024Rothko House32 units · 1.2 miaccepted 2025
Common ChargesPer Square Foot / Month$0.89Highest$0.71$0.59
Average Offering PricePer Apartment$654,000Lowest$4.54M$6M
Average PricePer Square Foot$983Lowest$2,024$2,128
Average Unit SizeSquare Feet666 SFSmallest2,245 SF2,819 SF

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Unit mix, closings, budgets, finishes and the team, against 57 Lispenard and Rothko House, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Manhattan 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.

Closings Pro

Homes closed70% of the homes in Schedule A7 of 10
Closingsfirst and latest recordedNov 1, 2024 – Dec 29, 2025

Sales recorded with the Department of Finance (ACRIS) through Apr 30, 2026: 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 7 closings
HomeRecordedClosing priceSchedule ADifference
2ANov 1, 2024$620,279——
3ADec 27, 2024$630,154——
4ADec 27, 2024$640,031——
5AMar 6, 2025$650,000——
5BMar 21, 2025$649,909——
6BJun 23, 2025$680,000——
6ADec 29, 2025$650,000——

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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
11 Monroe Realty, Inc.
Principals
Henry T.K. Cheng

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

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