THE CONDO BOOK PROJECT

128 Hester Street Condominium

128 Hester Street, Manhattan, NY 10002

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Overview

Units
8 residential · 6 commercial
Subway
3 min walk to Grand St B DBowery J Z, 5 min
Principals
Richard Myint, Johnny Ho, Liling Huang, Ruo Xu You, William H. Su, Yolanda Chiong
Average $/sf
$1,604Homes in Schedule A, as first offered
Common charges
$631–$1,973 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 - June 30, 2026
Offering price
$18.8 million total

The sponsor of record is Fortune Assets LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 367 pages. The sponsor has filed 3 amendments, the latest in August 2026. The nearest other condo plan on file is Emerald Tower Condominium, next door.

Plan CD250014 · New · accepted Sep 12, 2025 · AG record ↗

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FigureThis building132 Rutgers210 units · 0.4 miaccepted 2025256 East 4th36 units · 0.8 miaccepted 2026
Common ChargesPer Square Foot / Month$1.41Highest$0.96$0.48
Average Offering PricePer Apartment$1.28MIn line$691,000$2.52M
Average PricePer Square Foot$1,604In line$1,289$1,951
Property TaxesPer Square Foot / Month$1.74In line$3.21$1.05
Average Unit SizeSquare Feet799 SFIn line536 SF1,294 SF

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Unit mix, closings, budgets, finishes and the team, against 32 Rutgers and 256 East 4th, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.

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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.

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Closings Pro

Homes closed8% of the homes in Schedule A1 of 12
Closing prices vs. Schedule A1 home: $805,107 at closing against $834,000 in Schedule A (p. 54)−3.5%
Average closing price1 home, on their Schedule A square feet$1,773 / SF
Closingsfirst and latest recordedAug 14, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 1 closings
HomeRecordedClosing priceSchedule ADifference
4AAug 14, 2026$805,107$834,000 p. 54−3.5%

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

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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
Fortune Assets LLC
Principals
Richard Myint, Johnny Ho, Liling Huang, Ruo Xu You, William H. Su, Yolanda Chiong
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Cathay Bank$9.5 million recorded

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

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