111 Leroy Condominium
111 Leroy Street, Manhattan, NY 10014
Overview
- Units
- 13 residential
- Subway
- 5 min walk to Houston St 1W 4 St-Wash Sq A B C D E F M, 8 min
- Developer
- Property Markets Group
- Principals
- Kevin Maloney, Richard Lam
- Average $/sf
- $2,611Homes in Schedule A, as first offered
- Common charges
- $562–$5,172 a monthSponsor's first-year estimate in Schedule A, November 1, 2017 through October 31, 2018
- Offering price
- $75 million total
- Floor plans
- Page 4 of the plan
The sponsor of record is Pmg Leroy Street Development LLC, represented by Starr Associates, LLP. The offering plan runs 532 pages. The sponsor has filed 19 amendments, the latest in May 2021. The nearest other condo plan on file is 90 Morton Condominium, next door.
Plan CD160101 · New · accepted May 1, 2017 · AG record ↗
Compare
| Figure | This building1 | 80 East 10th212 units · 0.9 miaccepted 2017 | D'Orsay321 units · 0.7 miaccepted 2015 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.26Below peers | $1.37 | $2.04 |
| Average Offering PricePer Apartment | $5.65MAbove peers | $5.11M | $3.75M |
| Average PricePer Square Foot | $2,611Above peers | $2,432 | $2,577 |
| Property TaxesPer Square Foot / Month | $0.67In line | $1.61 | $0.36 |
| Average Unit SizeSquare Feet | 2,164 SFLarger | 2,102 SF | 1,454 SF |
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Unit mix, closings, budgets, finishes and the team, against 80 East 10th and D'Orsay, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed92% of the homes in Schedule A | 12 of 13 |
| Closing prices vs. Schedule A12 homes: $62,040,421 at closing against $71,395,000 in Schedule A (p. 49) | −13.1% |
| Average closing price12 homes, on their Schedule A square feet | $2,278 / SF |
| Closingsfirst and latest recorded | Mar 16, 2021 – Mar 25, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Sep 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 (or, for a home the plan listed without a price, the amendment that priced it); 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
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3C | Mar 16, 2021 | $3,667,359 | $1,995,000 Amendment 18, p. 5 | +83.8% |
| 6 | Mar 18, 2021 | $7,500,000 | $9,400,000 p. 49 | −20.2% |
| 5 | Mar 23, 2021 | $6,900,000 | $9,300,000 p. 49 | −25.8% |
| 8 | Mar 29, 2021 | $5,180,000 | $6,900,000 p. 49 | −24.9% |
| 4 | Apr 9, 2021 | $6,800,000 | $9,200,000 p. 49 | −26.1% |
| 7 | May 14, 2021 | $6,458,063 | $7,100,000 p. 49 | −9% |
| 9 | May 24, 2021 | $5,575,000 | $7,100,000 p. 49 | −21.5% |
| 3A | Jun 4, 2021 | $1,150,000 | $1,250,000 Amendment 19, p. 30 | −8% |
| 2 | Oct 13, 2021 | $5,650,000 | $5,900,000 p. 49 | −4.2% |
| 1 | Oct 14, 2021 | $3,925,000 | $3,500,000 p. 49 | +12.1% |
| 3B | Feb 24, 2022 | $1,185,000 | $1,250,000 Amendment 19, p. 30 | −5.2% |
| PH | Mar 25, 2022 | $8,050,000 | $8,500,000 p. 49 | −5.3% |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Pmg Leroy Street Development LLC
- Developer
- Property Markets Group
- Principals
- Kevin Maloney, Richard Lam
- Counsel
- Starr Associates, LLP
- Tax estimate
- Podell, Schwartz, Schechter & Banfield, LLPPrepared the first-year real estate tax projection
- Construction lender
- 111 Leroy Gap Lender$42.8 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 90 Morton Condominiumnext door · 28 units · 2016
- 601 Washington Condominiumnext door · 10 units · 2019
- Morton Square Condominium0.1 mi · 147 units · 2003
- 160 Leroy Street Condominium0.1 mi · 47 units · 11 parking · 2015
- Christopher Street Condominium0.1 mi · 12 units
- One 7th0.2 mi · 4 units · 2007