THE CONDO BOOK PROJECT

Empire 30 Condominium

13 East 30th Street, Manhattan, NY 10016

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Overview

Units
6 residential · 1 commercial
Subway
4 min walk to 33 St 628 St 6, 5 min
Average $/sf
$1,233Homes in Schedule A, as first offered
Common charges
$351–$351 a monthSponsor's first-year estimate in Schedule A, July 1, 2006 - June 30, 2007
Offering price
$8.46 million total $8.47 million when first offered

The sponsor of record is 13 East 30th Street Associates, LP, represented by Rucigay & Rucigay. The offering plan runs 294 pages. The sponsor has filed 6 amendments, the latest in September 2006. The nearest other condo plan on file is Madison House Condominium, next door.

Plan CD040315 · New · accepted Dec 10, 2004 · AG record ↗

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FigureThis building1209 East 2nd26 units · 1.7 miaccepted 2007Aurora35 units · 0.4 miaccepted 2003
Common ChargesPer Square Foot / Month$0.24Lowest$1.02$0.69
Average Offering PricePer Apartment$1.78MIn line$1.59M$3.65M
Average PricePer Square Foot$1,233Above peers$1,077$1,028
Property TaxesPer Square Foot / Month$1.06In line$0.20$1.07
Average Unit SizeSquare Feet1,446 SFSmaller1,572 SF3,549 SF

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Unit mix, closings, budgets, finishes and the team, against 209 East 2nd and Aurora, 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 A6 of 6
Closing prices vs. Schedule A6 homes: $7,410,096 at closing against $10,695,000 in Schedule A (p. 8)−30.7%
Average closing price6 homes, on their Schedule A square feet$854 / SF
Closingsfirst and latest recordedOct 16, 2006 – Jun 27, 2007

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 7 closings
HomeRecordedClosing priceSchedule ADifference
4Oct 16, 2006$1,221,900$1,760,000 p. 8−30.6%
7Jan 18, 2007$1,629,200$1,900,000 p. 8−14.3%
1Feb 28, 2007$1,493,863——
3Mar 2, 2007$1,100,000$1,710,000 p. 8−35.7%
2Mar 8, 2007$1,053,889$1,700,000 p. 8−38%
6Mar 30, 2007$1,183,207$1,815,000 p. 8−34.8%
5Jun 27, 2007$1,221,900$1,810,000 p. 8−32.5%

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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.

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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
13 East 30th Street Associates, LP
Tax estimate
The Mazursky Group, Inc.Prepared the first-year real estate tax projection

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

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