THE CONDO BOOK PROJECT

135 East 47th Street Condominium A/K/A Monogram Et Al.

131-141 East 47th Street, Manhattan, NY 10017

Overview

Units
191 residential · 90 storage · 1 commercial
Subway
4 min walk to Lexington Av/51-53 Sts 6 E F MGrand Central-42 St 4 5 6 7 S, 5 min
Developer
Hopson Development Holdings Ltd
Principals
Chaolun Zhu, F. Scott Shea
Average $/sf
$2,391Homes in Schedule A, as first offered
Common charges
$898–$3,288 a monthSponsor's first-year estimate in Schedule A, Commencing July 1, 2023 and Ending June 30, 2024 ("First Year")
Offering price
$344 million total $320.7 million when first offered

The sponsor of record is Lex 47th Property Owner LLC, represented by Dl Partners. The offering plan runs 668 pages. The sponsor has filed 17 amendments, the latest in August 2026. The nearest other condo plan on file is L'Ecole Condominium/211 East 46th St *, 0.1 mi away.

Plan CD210269 · New · accepted Sep 13, 2022 · AG record ↗

Compare

FigureThis building1Vu New York2100 units · 1 miaccepted 2019Malabar Residences3145 units · 0.5 miaccepted 2025
Common ChargesPer Square Foot / Month$1.88Above peers$1.30$1.74
Average Offering PricePer Apartment$1.62MLowest$2.21M$3.36M
Average PricePer Square Foot$2,391In line$2,275$3,356
Property TaxesPer Square Foot / Month$1.38Below peers$1.52$1.43
Average Unit SizeSquare Feet677 SFSmallest974 SF971 SF

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Unit mix, closings, budgets, finishes and the team, against Vu New York and Malabar Residences, 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 closed54% of the homes in Schedule A101 of 188
Closing prices vs. Schedule A100 homes: $157,050,970 at closing against $147,386,000 in Schedule A (p. 87, p. 88, p. 89, p. 90, p. 91)+6.6%
Average closing price100 homes, on their Schedule A square feet$2,370 / SF
Closingsfirst and latest recordedOct 24, 2024 – Sep 18, 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 (or, for a home the plan listed without a price, the amendment that priced it); 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 101 closings
HomeRecordedClosing priceSchedule ADifference
9FOct 24, 2024$1,393,200$1,280,000 p. 88+8.8%
7COct 29, 2024$1,064,825$1,070,000 p. 87−0.5%
10DOct 31, 2024$1,420,612$1,330,000 p. 88+6.8%
10FOct 31, 2024$1,472,845$1,300,000 p. 88+13.3%
10GOct 31, 2024$1,581,331$1,480,000 p. 88+6.8%
19EOct 31, 2024$2,261,431$1,930,000 p. 90+17.2%
8BNov 1, 2024$930,410$910,000 p. 88+2.2%
3FNov 4, 2024$1,256,521$1,140,000 p. 87+10.2%
18ENov 4, 2024$2,238,317$1,910,000 p. 89+17.2%
7ENov 5, 2024$1,925,714$1,660,000 p. 87+16%
7GNov 5, 2024$1,542,852$1,410,000 p. 87+9.4%
12FNov 6, 2024$1,402,000$1,340,000 p. 88+4.6%
5FNov 8, 2024$1,348,163$1,190,000 p. 87+13.3%
16ENov 8, 2024$2,091,486$1,870,000 p. 89+11.8%
12ENov 13, 2024$2,040,572$1,770,000 p. 88+15.3%
9ENov 14, 2024$1,884,577$1,846,800 Amendment 6, p. 5+2%
4CNov 15, 2024$996,867$1,010,000 p. 87−1.3%
5BNov 19, 2024$849,221$880,000 p. 87−3.5%
5CNov 19, 2024$1,003,999$1,030,000 p. 87−2.5%
18CNov 19, 2024$1,397,650$1,310,000 p. 89+6.7%
3CNov 20, 2024$986,684$990,000 p. 87−0.3%
3BNov 22, 2024$844,129$860,000 p. 87−1.8%
8ENov 25, 2024$1,960,437$1,680,000 p. 88+16.7%
5ENov 26, 2024$1,665,000$1,610,000 p. 87+3.4%
6ENov 26, 2024$1,810,000$1,640,000 p. 87+10.4%
14FNov 26, 2024$1,475,318$1,390,000 p. 89+6.1%
15FNov 26, 2024$1,573,037$1,410,000 p. 89+11.6%
16FNov 26, 2024$1,595,239$1,430,000 p. 89+11.6%
7FDec 2, 2024$1,378,711$1,230,000 p. 87+12.1%
5GDec 3, 2024$1,468,317$1,360,000 p. 87+8%
26CDec 6, 2024$2,906,086$2,380,000 p. 91+22.1%
15GDec 16, 2024$1,714,733$1,590,000 p. 89+7.8%
11GDec 18, 2024$1,619,083$1,500,000 p. 88+7.9%
14EDec 18, 2024$2,005,040$1,820,000 p. 89+10.2%
10EDec 19, 2024$1,988,770$1,890,000 Amendment 6, p. 5+5.2%
19FDec 19, 2024$1,535,521$1,504,000 Amendment 6, p. 7+2.1%
11FDec 30, 2024$1,447,200$1,320,000 p. 88+9.6%
3AJan 7, 2025$1,073,236$1,140,000 p. 87−5.9%
4FJan 13, 2025$1,313,543$1,170,000 p. 87+12.3%
10BJan 15, 2025$997,570$930,000 p. 88+7.3%
16GJan 15, 2025$1,765,329$1,620,000 p. 89+9%
8CJan 17, 2025$1,074,093$1,100,000 p. 88−2.4%
11CJan 21, 2025$1,199,193$1,160,000 p. 88+3.4%
19GJan 24, 2025$1,819,326$1,680,000 p. 90+8.3%
14DJan 31, 2025$1,500,901$1,420,000 p. 89+5.7%
17EJan 31, 2025$2,214,603$2,062,800 Amendment 6, p. 6+7.4%
24CFeb 6, 2025$2,400,000$2,340,000 p. 90+2.6%
11EFeb 7, 2025$1,990,000$1,750,000 p. 88+13.7%
3DFeb 14, 2025$1,258,150$1,170,000 p. 87+7.5%
6CFeb 18, 2025$1,061,332$1,050,000 p. 87+1.1%
4EFeb 20, 2025$1,836,923$1,590,000 p. 87+15.5%
6FFeb 28, 2025$1,412,313$1,210,000 p. 87+16.7%
PHCFeb 28, 2025$4,831,578——
8DMar 7, 2025$1,366,492$1,280,000 p. 88+6.8%
17BMar 12, 2025$1,031,487$1,080,000 Amendment 6, p. 6−4.5%
15EMar 19, 2025$2,109,763$1,840,000 p. 89+14.7%
18FMar 28, 2025$1,587,655$1,470,000 p. 89+8%
12GMar 31, 2025$1,649,630$1,520,000 p. 88+8.5%
8GMay 6, 2025$1,504,403$1,430,000 p. 88+5.2%
7BMay 7, 2025$905,795$900,000 p. 87+0.6%
23EMay 22, 2025$1,618,052$1,540,000 p. 90+5.1%
12DJun 10, 2025$1,487,222$1,370,000 p. 88+8.6%
22EJun 13, 2025$1,606,676$1,490,000 p. 90+7.8%
6GJun 16, 2025$1,531,448$1,390,000 p. 87+10.2%
10CJun 18, 2025$1,180,152$1,140,000 p. 88+3.5%
9BJun 23, 2025$970,525$920,000 p. 88+5.5%
9CJun 23, 2025$1,136,373$1,120,000 p. 88+1.5%
4DJul 2, 2025$1,259,712$1,200,000 p. 87+5%
4BJul 15, 2025$887,710$870,000 p. 87+2%
12CJul 15, 2025$1,183,050$1,180,000 p. 88+0.3%
4GJul 17, 2025$1,415,221$1,340,000 p. 87+5.6%
11BJul 23, 2025$998,424$950,000 p. 88+5.1%
14GAug 21, 2025$1,672,000$1,570,000 p. 89+6.5%
16BSep 19, 2025$1,002,976$1,010,000 p. 89−0.7%
12BSep 26, 2025$997,638$960,000 p. 88+3.9%
14BOct 3, 2025$999,254$980,000 p. 89+2%
9GOct 17, 2025$1,525,440$1,450,000 p. 88+5.2%
8FOct 29, 2025$1,538,873$1,250,000 p. 88+23.1%
27COct 31, 2025$2,743,166$2,400,000 p. 91+14.3%
21ANov 10, 2025$1,289,614$1,530,000 p. 90−15.7%
6BNov 12, 2025$938,827$890,000 p. 87+5.5%
3GDec 22, 2025$1,387,500$1,320,000 p. 87+5.1%
21EJan 5, 2026$1,419,441$1,460,000 p. 90−2.8%
15BJan 14, 2026$1,020,287$1,000,000 p. 89+2%
24BMar 6, 2026$2,273,040$2,370,000 p. 90−4.1%
20DApr 28, 2026$3,325,078$3,180,000 p. 90+4.6%
22FMay 15, 2026$1,735,098$1,800,000 p. 90−3.6%
21FMay 19, 2026$1,650,051$1,780,000 p. 90−7.3%
19CMay 29, 2026$1,432,576$1,340,000 p. 90+6.9%
27AJun 2, 2026$1,450,497$1,660,000 p. 91−12.6%
24EJun 5, 2026$1,449,988$1,530,000 p. 90−5.2%
17CJun 8, 2026$1,325,762$1,382,400 Amendment 13, p. 3−4.1%
23DJun 24, 2026$1,836,923$1,770,000 p. 90+3.8%
29CJun 24, 2026$2,855,173$2,450,000 p. 91+16.5%
28CJun 30, 2026$2,824,626$2,430,000 p. 91+16.2%
16CJul 15, 2026$1,276,886$1,270,000 p. 89+0.5%
20AAug 10, 2026$1,315,579$1,490,000 p. 90−11.7%
24FAug 27, 2026$1,790,287$1,840,000 p. 90−2.7%
20CSep 15, 2026$2,688,384$2,450,000 p. 90+9.7%
18GSep 18, 2026$1,820,588$1,660,000 p. 89+9.7%
30CSep 18, 2026$3,043,227$2,470,000 p. 91+23.2%

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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
Lex 47th Property Owner LLC
Developer
Hopson Development Holdings Ltd
Principals
Chaolun Zhu, F. Scott Shea
Tax estimate
Korngold Powers LLPPrepared the first-year real estate tax projection
Construction lender
Fortress Credit$106.3 million recorded

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

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