THE CONDO BOOK PROJECT

Beekman Landing Condominium

130 Beekman Street, Manhattan, NY 10038

Overview

Units
18 residential
Subway
5 min walk to Fulton St 2 3 4 5 A C J ZBrooklyn Bridge-City Hall/Chambers St 4 5 6 J Z, 8 min
Developer
Philips International Holding Corp.
Principals
Constantine Fotos, Philip Pilevsky, Sheila Levine
Average $/sf
$569Homes in Schedule A, as first offered
Common charges
$341–$1,215 a monthSponsor's first-year estimate in Schedule A, September 1, 2001-August 31, 2002
Offering price
$12.4 million total

The sponsor of record is Beekman Water Associates L.L.C., represented by Goldstick Weinberger Feldman, Grossman, P.C.. The offering plan runs 327 pages. The sponsor has filed 1 amendment, the latest in March 2001. The nearest other condo plan on file is Walton, next door.

Plan CD000037 · Conversion · accepted Feb 2, 2001 · AG record ↗

Compare

FigureThis building1Keystone224 units · 0.6 miaccepted 2001Perla'S Pueblo324 units · 1.7 miaccepted 2001
Common ChargesPer Square Foot / Month$0.47Highest$0.30$0.28
Average Offering PricePer Apartment$689,433In line$1.13M$412,500
Average PricePer Square Foot$569Above peers$543$450
Average Unit SizeSquare Feet1,211 SFIn line2,090 SF917 SF

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Unit mix, closings, budgets, finishes and the team, against Keystone and Perla'S Pueblo, 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 closed83% of the homes in Schedule A15 of 18
Closing prices vs. Schedule A14 homes: $18,575,500 at closing against $10,123,398 in Schedule A (p. 15)+83.5%
Average closing price14 homes, on their Schedule A square feet$1,061 / SF
Closingsfirst and latest recordedSep 30, 2003 – May 24, 2023

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2025: 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 15 closings
HomeRecordedClosing priceSchedule ADifference
1ASep 30, 2003$360,000$579,637 p. 15−37.9%
3AJun 2, 2004$1,100,000$710,268 p. 15+54.9%
3COct 14, 2004$950,000$590,148 p. 15+61%
1BJul 29, 2005$899,000$606,216 p. 15+48.3%
5BDec 28, 2005$1,750,000$1,237,665 p. 15+41.4%
3BFeb 13, 2007$139,500$431,925 p. 15−67.7%
4COct 24, 2007$1,095,000$597,714 p. 15+83.2%
4ANov 7, 2007$1,465,000$730,054 p. 15+100.7%
2DApr 26, 2012$610,000$369,915 p. 15+64.9%
1DOct 5, 2016$1,250,000$680,316 p. 15+83.7%
4BMar 1, 2017$985,000$437,684 p. 15+125%
5AOct 3, 2017$3,397,000$1,690,975 p. 15+100.9%
2MCFeb 8, 2018$3,150,000$556,686 p. 15+465.8%
2ABJun 19, 2019$5,000,000——
3DMay 24, 2023$1,425,000$904,195 p. 15+57.6%

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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
Beekman Water Associates L.L.C.
Developer
Philips International Holding Corp.
Principals
Constantine Fotos, Philip Pilevsky, Sheila Levine
Tax estimate
Tuchman, Katz, Schwartz, Gelles, Korngold & Weiss, LLPPrepared the first-year real estate tax projection

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

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