THE CONDO BOOK PROJECT

Lucia

120 East 37th Street, Manhattan, NY 10016

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Overview

Units
7 residential
Subway
5 min walk to 33 St 6Grand Central-42 St 4 5 6 7 S, 6 min
Developer
Peak Capital
Principals
David Gomez, Alex Kaskel, Alex Rabin, Amnay Labou
Average $/sf
$1,328Homes in Schedule A, as first offered
Common charges
$266–$1,890 a monthSponsor's first-year estimate in Schedule A, September 1, 2025 - August 30, 2026
Offering price
$9.29 million total

The sponsor of record is 120 37th Owner LLC, represented by Starr Associates, LLP. The offering plan runs 516 pages. The sponsor has filed 1 amendment, the latest in October 2025. The nearest other condo plan on file is 113 East 36th Street, next door.

Plan CD250082 · Rehab · accepted Aug 6, 2025 · AG record ↗

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FigureThis building1Diamond Exchange29 units · 3.1 miaccepted 2025254 West 88th34 units · 2.9 miaccepted 2024
Common ChargesPer Square Foot / Month$0.87In line$0.96$0.56
Average Offering PricePer Apartment$1.33MLowest$2.71M$2M
Average PricePer Square Foot$1,328Lowest$2,028$1,879
Property TaxesPer Square Foot / Month$1.80In line$1.44$2.05
Average Unit SizeSquare Feet999 SFSmaller1,339 SF1,067 SF

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See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Diamond Exchange and 254 West 88th, 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 closed100% of the homes in Schedule A7 of 7
Closing prices vs. Schedule A7 homes: $9,117,400 at closing against $9,290,000 in Schedule A (p. 53)−1.9%
Average closing price7 homes, on their Schedule A square feet$1,303 / SF
Closingsfirst and latest recordedFeb 17, 2026 – Apr 6, 2026

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
2Feb 17, 2026$1,995,000$1,995,000 p. 530%
3FFeb 17, 2026$532,740$400,000 p. 53+33.2%
5Feb 17, 2026$1,295,000$1,500,000 p. 53−13.7%
4FFeb 18, 2026$695,660$650,000 p. 53+7%
1Feb 27, 2026$1,995,000$1,995,000 p. 530%
3RMar 16, 2026$1,425,000$1,500,000 p. 53−5%
4RApr 6, 2026$1,179,000$1,250,000 p. 53−5.7%

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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
120 37th Owner LLC
Developer
Peak Capital
Principals
David Gomez, Alex Kaskel, Alex Rabin, Amnay Labou
Tax estimate
Boris Saks, Esq. PLLCPrepared the first-year real estate tax projection

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

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