THE CONDO BOOK PROJECT

Acacia 118 Condominium

118 East 1st Street, Manhattan, NY 10009

Compare

Overview

Units
4 residential · 1 commercial
Subway
3 min walk to 2 Av FDelancey St-Essex St F J M Z, 6 min
Principals
Warren Freyer
Average $/sf
$1,904Homes in Schedule A, as first offered
Common charges
$1,088–$1,444 a monthSponsor's first-year estimate in Schedule A, Commencing July 1, 2022 and Ending June 30, 2023 ("First Year")
Offering price
$22.5 million total $25.9 million when first offered

The sponsor of record is Acacia 118, LLC, represented by Dl Partners. The offering plan runs 518 pages. The sponsor has filed 7 amendments, the latest in July 2024. The nearest other condo plan on file is 196 Orchard Street Condominium, next door.

Plan CD210273 · New · accepted Mar 7, 2022 · AG record ↗

Compare

FigureThis building1650 East 6th25 units · 0.4 miaccepted 202274 Grand35 units · 0.8 miaccepted 2021
Common ChargesPer Square Foot / Month$0.42Lowest$1.54$0.77
Average Offering PricePer Apartment$5.57MAbove peers$2.51M$5.3M
Average PricePer Square Foot$1,904In line$1,866$2,224
Property TaxesPer Square Foot / Month$1.54Highest$1.17$0.93
Average Unit SizeSquare Feet2,926 SFLargest1,345 SF2,383 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 650 East 6th and 74 Grand, cited to the offering plans. No credit card required.

Create a free account
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 closed100% of the homes in Schedule A4 of 4
Closing prices vs. Schedule A1 home: $4,852,390 at closing against $6,495,000 in Schedule A (p. 76)−25.3%
Average closing price1 home, on their Schedule A square feet$1,574 / SF
Closingsfirst and latest recordedMay 15, 2023 – Feb 15, 2024

Sales recorded with the Department of Finance (ACRIS) through Jun 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 4 closings
HomeRecordedClosing priceSchedule ADifference
PHMay 15, 2023$4,852,390$6,495,000 p. 76−25.3%
DUP3Jul 20, 2023$3,550,000——
GRDNDec 22, 2023$3,100,000——
DUP 2Feb 15, 2024$3,002,147——

Pro

Closings are for subscribers

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

Subscribe to seeAlready a member? Sign in

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
Acacia 118, LLC
Principals
Warren Freyer
Tax estimate
Mazursky Group, Inc.Prepared the first-year real estate tax projection
Construction lender
First Central Savings Bank$11.5 million recorded

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

Nearby