THE CONDO BOOK PROJECT

130 West 30th Street Condominium

130 West 30th Street, Manhattan, NY 10001

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Overview

Units
45 residential · 16 storage
Subway
4 min walk to 28 St 134 St-Herald Sq 4 5 6 B D F L M N Q R W, 4 min
Developer
H.J. Development, LLC
Principals
Henry J. Justin
Average $/sf
$612Homes in Schedule A, as first offered
Common charges
$587–$1,634 a monthSponsor's first-year estimate in Schedule A, July 1, 2003 to June 30, 2004
Offering price
$56.5 million total

The sponsor of record is 130 West 30th, LLC, represented by Seyfarth Shaw LLP. The offering plan runs 750 pages. The sponsor has filed 7 amendments, the latest in May 2007. The nearest other condo plan on file is Davos Condominium, next door.

Plan CD030023 · Rehab · accepted May 19, 2003 · AG record ↗

Compare

FigureThis building1Porter House222 units · 0.8 miaccepted 2003Solita316 units · 2 miaccepted 2001
Common ChargesPer Square Foot / Month$0.42Below peers$0.68$0.43
Average Offering PricePer Apartment$1.24MBelow peers$1.33M$1.41M
Average PricePer Square Foot$612Below peers$766$667
Property TaxesPer Square Foot / Month$0.60Lowest—$0.71
Average Unit SizeSquare Feet2,032 SFIn line1,737 SF2,119 SF

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Unit mix, closings, budgets, finishes and the team, against Porter House and Solita, 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 A45 of 45
Closing prices vs. Schedule A43 homes: $55,239,120 at closing against $51,005,000 in Schedule A (p. 53)+8.3%
Average closing price43 homes, on their Schedule A square feet$645 / SF
Closingsfirst and latest recordedApr 19, 2004 – May 24, 2012

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 66 closings
HomeRecordedClosing priceSchedule ADifference
Unit 6AApr 19, 2004$952,064$915,000 p. 53+4.1%
Unit 7AApr 19, 2004$967,338$940,000 p. 53+2.9%
Unit 9AApr 20, 2004$1,017,232$990,000 p. 53+2.8%
Unit 10CApr 20, 2004$1,221,900$1,180,000 p. 53+3.6%
Unit 8CApr 21, 2004$1,170,988$1,105,000 p. 53+6%
Unit 2CApr 22, 2004$1,013,159$975,000 p. 53+3.9%
Unit 8AApr 22, 2004$992,794$965,000 p. 53+2.9%
Unit 7CApr 23, 2004$1,170,988$1,080,000 p. 53+8.4%
Unit 4AApr 26, 2004$921,516$890,000 p. 53+3.5%
Unit 5AApr 26, 2004$999,922$905,000 p. 53+10.5%
Unit 5CApr 28, 2004$1,100,000$1,035,000 p. 53+6.3%
Unit 6CApr 28, 2004$1,145,531$1,055,000 p. 53+8.6%
Unit 10AApr 29, 2004$967,338$925,000 p. 53+4.6%
STR12Apr 30, 2004$20,080——
Unit 9CApr 30, 2004$1,247,357$1,130,000 p. 53+10.4%
Unit 4CMay 11, 2004$1,069,163$1,015,000 p. 53+5.3%
Unit 2AMay 12, 2004$890,699$860,000 p. 53+3.6%
Unit 3AMay 14, 2004$972,429$875,000 p. 53+11.1%
Unit 3CAug 3, 2004$1,043,706$995,000 p. 53+4.9%
Unit 17BSep 24, 2004$1,425,550$1,375,000 p. 53+3.7%
Unit 14ASep 28, 2004$941,881$875,000 p. 53+7.6%
Unit 16BSep 28, 2004$1,527,375$1,325,000 p. 53+15.3%
Unit 14CSep 30, 2004$1,323,725$1,280,000 p. 53+3.4%
STRG3Oct 1, 2004$15,060——
STRG4Oct 1, 2004$15,060——
Unit 15BOct 1, 2004$1,527,375$1,450,000 p. 53+5.3%
Unit 12AOct 6, 2004$998,903$850,000 p. 53+17.5%
Unit 12COct 6, 2004$1,349,181$1,260,000 p. 53+7.1%
STR15Oct 12, 2004$15,060——
STR16Oct 12, 2004$15,060——
Unit 11COct 12, 2004$1,323,725$1,230,000 p. 53+7.6%
Unit 11AOct 13, 2004$1,013,159$875,000 p. 53+15.8%
Unit 3BNov 4, 2004$1,196,444$1,125,000 p. 53+6.4%
STRG7Nov 10, 2004$15,000——
STRG8Nov 10, 2004$15,000——
Unit 5BNov 10, 2004$1,298,269$1,175,000 p. 53+10.5%
Unit 7BNov 10, 2004$1,349,181$1,225,000 p. 53+10.1%
STR13Nov 12, 2004$15,000——
STR14Nov 12, 2004$15,000——
STRG5Nov 12, 2004$15,000——
STRG6Nov 12, 2004$15,000——
Unit 8BNov 12, 2004$1,323,725$1,250,000 p. 53+5.9%
Unit 9BNov 12, 2004$1,422,550$1,275,000 p. 53+11.6%
Unit 11BNov 16, 2004$1,527,375$1,300,000 p. 53+17.5%
Unit 17ANov 16, 2004$1,527,375$1,450,000 p. 53+5.3%
Unit 14BNov 17, 2004$1,400,094$1,350,000 p. 53+3.7%
Unit 12BNov 18, 2004$1,476,463$1,300,000 p. 53+13.6%
STR10Nov 22, 2004$15,000——
STRG9Nov 22, 2004$15,000——
Unit 6BNov 22, 2004$1,272,813$1,200,000 p. 53+6.1%
Unit 10BNov 22, 2004$1,425,550$1,400,000 p. 53+1.8%
Unit 4BNov 23, 2004$1,247,356$1,150,000 p. 53+8.5%
Unit 15ANov 23, 2004$1,756,481$1,650,000 p. 53+6.5%
STRG1Nov 30, 2004$15,000——
STRG2Nov 30, 2004$15,000——
Unit 2BNov 30, 2004$1,170,988$1,100,000 p. 53+6.5%
STR11Dec 23, 2004$20,000——
Unit 16ADec 23, 2004$1,680,113$1,500,000 p. 53+12%
Unit 18AFeb 11, 2005$3,869,350$3,200,000 p. 53+20.9%
19BApr 1, 2005$3,230,000——
19AMay 24, 2005$3,258,400——
1Apr 11, 2006$2,112,013——
4Mar 21, 2007$30,000——
2Jun 23, 2011$3,351,352——
3May 24, 2012$45,000——
5May 24, 2012$45,000——

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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
130 West 30th, LLC
Developer
H.J. Development, LLC
Principals
Henry J. Justin
Tax estimate
Lippman Krasnow & Kelton LLPPrepared the first-year real estate tax projection

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

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