THE CONDO BOOK PROJECT

135 West 52nd Street Condominium

135 West 52nd Street, Manhattan, NY 10019

Overview

Units
109 residential · 6 commercial
Subway
2 min walk to 7 Av B D E57 St-7 Av N Q R W, 4 min
Developers
Chetrit Group, Clipper Equities
Principals
David Bistricer, Mayer Chetrit
Offering price
$37.9 million total $462 million when first offered

The sponsor of record is West 52 Units Owner LLC, represented by Anderson Kill P.C.. The offering plan runs 427 pages. The sponsor has filed 23 amendments, the latest in June 2021. The nearest other condo plan on file is 53 West 53rd Street Condominium, 0.1 mi away.

Plan CD130179 · Rehab · accepted Jun 27, 2014 · AG record ↗

Compare

FigureThis building1Philip House294 units · 1.9 miaccepted 201288 & 90 Lex3122 units · 1.4 miaccepted 2015
Average Offering PricePer Apartment$4.24MHighest$3.54M$2.36M

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Unit mix, closings, budgets, finishes and the team, against Philip House and 88 & 90 Lex, 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.

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
West 52 Units Owner LLC
Developers
Chetrit Group, Clipper EquitiesReported by commercialobserver.com
Principals
David Bistricer, Mayer Chetrit
Counsel
Anderson Kill P.C.
Tax estimate
Tuchman, Katz, Schwartz, Gelles, Komgold & Weiss, LLPPrepared the first-year real estate tax projection
Construction lender
American International Group

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

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