THE CONDO BOOK PROJECT

132 Perry Street Condominium

132 Perry Street, Manhattan, NY 10014

Overview

Units
9 residential · 6 commercial
Subway
7 min walk to Christopher St-Stonewall 114 St/6 Av 1 2 3 F L M, 9 min
Principals
Anthony Leichter, Dr. Axel Stawski, Estera Lisker
Average $/sf
$932Homes in Schedule A, as first offered
Common charges
$403–$917 a monthSponsor's first-year estimate in Schedule A, January 2, 2001 To December 31, 2001
Offering price
$31.9 million total

The sponsor of record is 132 Perry LLC, represented by Hofheimer Gartlir & Gross, LLP. The offering plan runs 204 pages. The sponsor has filed 8 amendments, the latest in April 2006. The nearest other condo plan on file is 125 Perry Street Condominium, next door.

Plan CD990113 · Rehab · accepted Feb 18, 2000 · AG record ↗

Compare

FigureThis building1104 Wooster28 units · 0.8 miaccepted 2000Bayard House35 units · 1 miaccepted 2001
Common ChargesPer Square Foot / Month$0.30In line$0.45$0.26
Average Offering PricePer Apartment$2.37MLowest$4M$3.58M
Average PricePer Square Foot$932In line$1,187$578
Property TaxesPer Square Foot / Month$0.31In line$0.28$0.36
Average Unit SizeSquare Feet2,540 SFSmallest3,371 SF6,190 SF

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Unit mix, closings, budgets, finishes and the team, against 104 Wooster and Bayard House, 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 closed67% of the homes in Schedule A6 of 9
Closingsfirst and latest recordedJun 1, 2006 – Mar 4, 2022

Sales recorded with the Department of Finance (ACRIS) through Apr 30, 2024: 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 6 closings
HomeRecordedClosing priceSchedule ADifference
2 R/EJun 1, 2006$1,236,300——
9Nov 16, 2007$1,611,890——
8Feb 14, 2008$5,500,000——
2 F/EDec 17, 2013$1,500,000——
5Feb 3, 2021$6,500,000——
4 WMar 4, 2022$3,550,000——

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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
132 Perry LLC
Principals
Anthony Leichter, Dr. Axel Stawski, Estera Lisker
Tax estimate
HOFHEIMER GARTLIR & GROSS, LLPPrepared the first-year real estate tax projection
Construction lender
Landesbank Hessen-Thuringen Girozentrale$10 million loan stated in the plan

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

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