THE CONDO BOOK PROJECT

1289 Lexington

1289 Lexington Avenue, Manhattan, NY 10028

Overview

Units
13 residential · 30 storage
Subway
1 min walk to 86 St 4 5 686 St Q, 5 min
Developers
Ceruzzi Properties, Kuafu, Moo Three LLC
Principals
Arthur W. Hooper, Jr., Shang Dai
Offering price
$194.8 million total

The sponsor of record is Monty Two East 86th Street Associates LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 699 pages. The sponsor has filed 29 amendments, the latest in August 2026. The nearest other condo plan on file is Lucida / 151 East 85th Street Condominium, next door.

Plan CD170315 · New · accepted Feb 1, 2019 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan13 of 13
Closingsfirst and latest recordedMar 10, 2022 – Jul 9, 2026

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; 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 58 closings
HomeRecordedClosing priceSchedule ADifference
LU1Mar 10, 2022$231,825,846one deed, 3 homes——
LU2Mar 10, 2022$231,825,846one deed, 3 homes——
UUMar 10, 2022$231,825,846one deed, 3 homes——
6AJan 18, 2023$2,979,069——
10CJan 26, 2023$3,700,000——
5AJan 27, 2023$2,875,000——
10AJan 30, 2023$3,600,000——
6CJan 31, 2023$3,100,000——
8AFeb 1, 2023$3,200,000——
12DFeb 2, 2023$5,250,000——
9AFeb 3, 2023$3,340,000——
5DFeb 8, 2023$4,550,000——
5CFeb 15, 2023$2,825,000——
7AFeb 23, 2023$3,100,000——
9CMar 1, 2023$3,700,000——
11AApr 18, 2023$3,600,000——
4BApr 20, 2023$2,876,556——
10DApr 24, 2023$5,275,000——
9EMay 2, 2023$2,550,000——
11EMay 3, 2023$2,525,000——
6DMay 23, 2023$4,414,341——
6EMay 26, 2023$2,350,000——
10EJun 9, 2023$2,550,000——
5EAug 10, 2023$2,525,000——
12EAug 31, 2023$2,575,000——
6BSep 19, 2023$5,250,000——
8CSep 27, 2023$3,275,000——
8BOct 6, 2023$5,525,000——
7COct 30, 2023$3,118,000——
11DOct 30, 2023$5,225,000——
7ENov 7, 2023$2,375,000——
14DNov 15, 2023$5,325,000——
8EDec 18, 2023$2,500,000——
9BApr 3, 2024$5,750,000——
4AApr 5, 2024$2,397,500——
16CApr 18, 2024$4,600,000——
11CApr 22, 2024$3,450,000——
10BMay 1, 2024$5,975,688——
11BMay 28, 2024$6,025,000——
16BJun 14, 2024$6,831,250——
14EJul 15, 2024$4,787,500——
12BAug 1, 2024$5,950,000——
15AAug 6, 2024$8,475,000——
7DSep 16, 2024$4,572,156——
15BSep 19, 2024$7,500,000——
8DJan 29, 2025$4,550,000——
16AFeb 13, 2025$8,495,000——
5BFeb 25, 2025$4,995,000——
7BMay 29, 2025$5,500,000——
14BJun 12, 2025$5,700,000——
19ASep 4, 2025$8,200,000——
12AOct 22, 2025$7,195,000——
19BNov 24, 2025$8,000,000——
9DDec 31, 2025$4,750,000——
4CJan 22, 2026$2,957,225——
PHBMar 20, 2026$11,250,000——
18CApr 14, 2026$4,900,000——
17AJul 9, 2026$8,100,000——

Pro

Closings are for subscribers

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
Monty Two East 86th Street Associates LLC
Developers
Ceruzzi Properties, Kuafu, Moo Three LLC
Principals
Arthur W. Hooper, Jr., Shang Dai
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lenders
Talos Capital, Tci Rep International Icav$155 million loan stated in the plan

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

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