THE CONDO BOOK PROJECT

Centrale Condominium

138 East 50th Street, Manhattan, NY 10022

Compare

Overview

Units
124 residential · 25 parking · 43 storage
Subway
2 min walk to Lexington Av/51-53 Sts 6 E F MGrand Central-42 St 4 5 6 7 S, 8 min
Principals
Arthur W. Hooper, Jr., Tom Tao
Offering price
$571.8 million total

The sponsor of record is 50 Lex Development LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 612 pages. The sponsor has filed 18 amendments, the latest in June 2026. The nearest other condo plan on file is 830 Third Avenue Condominium, next door.

Plan CD170203 · New · accepted Apr 16, 2018 · AG record ↗

Compare

FigureThis building1One United Nations Park2148 units · 0.6 miaccepted 2018Two Waterline Square3160 units · 1.6 miaccepted 2017
Average Offering PricePer Apartment$4.23MAbove peers$3.71M$4.06M

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against One United Nations Park and Two Waterline Square, cited to the offering plans. No credit card required.

Create a free account
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 closed91% of the homes in Schedule A113 of 124
Closing prices vs. Schedule A111 homes: $338,006,162 at closing against $445,985,000 in Schedule A (p. 85, p. 86, p. 87, p. 88)−24.2%
Closingsfirst and latest recordedApr 29, 2020 – Aug 24, 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; 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 113 closings
HomeRecordedClosing priceSchedule ADifference
31BApr 29, 2020$1,735,000$1,830,000 p. 86−5.2%
18DApr 30, 2020$2,578,000$2,660,000 p. 85−3.1%
15BMay 7, 2020$1,551,014$1,510,000 p. 85+2.7%
19DMay 11, 2020$2,580,000$2,695,000 p. 86−4.3%
TR59May 13, 2020$7,800,000$10,250,000 p. 87−23.9%
21BMay 18, 2020$1,493,773$1,630,000 p. 86−8.4%
32BMay 22, 2020$1,750,000$1,850,000 p. 86−5.4%
28BMay 28, 2020$1,832,850$1,770,000 p. 86+3.6%
27BJun 1, 2020$1,600,000$1,750,000 p. 86−8.6%
11BJul 21, 2020$1,328,816$1,450,000 p. 85−8.4%
19BJul 22, 2020$1,566,400$1,590,000 p. 86−1.5%
16BAug 13, 2020$1,600,000$1,530,000 p. 85+4.6%
29BSep 15, 2020$1,610,000$1,790,000 p. 86−10.1%
14BSep 18, 2020$1,365,473$1,490,000 p. 85−8.4%
22DSep 21, 2020$1,939,766$2,800,000 p. 86−30.7%
30BSep 29, 2020$1,700,478$1,810,000 p. 86−6.1%
12DDec 10, 2020$2,270,000$2,485,000 p. 85−8.7%
26CJan 28, 2021$2,039,046$3,140,000 p. 86−35.1%
28CJan 28, 2021$2,039,046$3,210,000 p. 86−36.5%
31CJan 28, 2021$2,039,046$3,315,000 p. 86−38.5%
52AFeb 2, 2021$3,550,000$4,850,000 p. 87−26.8%
18BFeb 5, 2021$1,500,000$1,570,000 p. 85−4.5%
21DFeb 23, 2021$2,295,000$2,765,000 p. 86−17%
21AMar 4, 2021$2,950,000$3,265,000 p. 86−9.6%
53AMar 5, 2021$3,704,750$4,950,000 p. 87−25.2%
51AMar 15, 2021$3,650,000$4,750,000 p. 87−23.2%
17BApr 6, 2021$1,407,729$1,550,000 p. 85−9.2%
12AApr 13, 2021$2,300,000$2,985,000 p. 85−22.9%
20CApr 15, 2021$2,189,238$2,930,000 p. 86−25.3%
50AMay 14, 2021$4,150,000$5,250,000 p. 87−21%
14DMay 21, 2021$1,900,000$2,520,000 p. 85−24.6%
54AMay 21, 2021$3,800,000$5,050,000 p. 87−24.8%
36AMay 26, 2021$3,050,000$4,025,000 p. 87−24.2%
27CJun 17, 2021$2,402,727$3,175,000 p. 86−24.3%
35AJun 24, 2021$3,100,000$3,975,000 p. 86−22%
37AJul 2, 2021$3,250,000$4,075,000 p. 87−20.2%
22CJul 22, 2021$2,189,238$3,000,000 p. 86−27%
39AAug 5, 2021$3,450,000$4,175,000 p. 87−17.4%
12BAug 10, 2021$1,470,000$1,470,000 p. 850%
46BAug 18, 2021$2,450,000$3,250,000 p. 87−24.6%
47AAug 18, 2021$4,100,000$4,950,000 p. 87−17.2%
14AAug 20, 2021$2,523,500$3,020,000 p. 85−16.4%
15AAug 20, 2021$2,421,900$3,055,000 p. 85−20.7%
49AAug 31, 2021$4,400,000$5,150,000 p. 87−14.6%
32CSep 10, 2021$2,590,000$3,350,000 p. 86−22.7%
40ASep 10, 2021$3,100,000$3,995,000 p. 87−22.4%
41AOct 1, 2021$3,100,000$3,900,000 p. 87−20.5%
48AOct 28, 2021$4,450,000$5,050,000 p. 87−11.9%
20BOct 29, 2021$1,710,660$1,610,000 p. 86+6.3%
37BDec 10, 2021$3,322,000$3,975,000 p. 87−16.4%
25CJan 12, 2022$2,475,000$3,105,000 p. 86−20.3%
26BJan 13, 2022$1,708,000$1,730,000 p. 86−1.3%
38AJan 24, 2022$3,687,870$4,125,000 p. 87−10.6%
16AMar 29, 2022$2,625,000$3,090,000 p. 85−15%
29CApr 4, 2022$2,600,000$3,245,000 p. 86−19.9%
40BApr 4, 2022$3,255,000$3,975,000 p. 87−18.1%
30CApr 14, 2022$2,600,000$3,280,000 p. 86−20.7%
36BApr 15, 2022$3,200,000$3,925,000 p. 87−18.5%
42AApr 22, 2022$3,174,800$3,950,000 p. 87−19.6%
43AApr 26, 2022$3,570,000$4,000,000 p. 87−10.8%
16DMay 9, 2022$2,500,000$2,590,000 p. 85−3.5%
19CMay 17, 2022$2,495,000$2,895,000 p. 86−13.8%
18CJun 21, 2022$2,647,250$2,860,000 p. 85−7.4%
21CJun 24, 2022$2,499,888$2,965,000 p. 86−15.7%
17AAug 17, 2022$2,850,000$3,125,000 p. 85−8.8%
17CSep 20, 2022$2,450,000$2,825,000 p. 85−13.3%
TR60Dec 21, 2022$7,704,538$10,500,000 p. 87−26.6%
TR58Jan 26, 2023$7,571,225$10,500,000 p. 87−27.9%
38BFeb 23, 2023$3,324,750$4,025,000 p. 87−17.4%
44BApr 14, 2023$3,650,000$4,175,000 p. 87−12.6%
53BMay 9, 2023$2,675,000$3,425,000 p. 87−21.9%
15CMay 24, 2023$2,310,000$2,755,000 p. 85−16.2%
22AJun 9, 2023$2,650,000$3,300,000 p. 86−19.7%
TR62Jun 28, 2023$7,895,000$11,000,000 p. 88−28.2%
15DJul 24, 2023$2,547,000$2,555,000 p. 85−0.3%
16CAug 4, 2023$2,575,000$2,790,000 p. 85−7.7%
14CAug 18, 2023$2,250,000$2,720,000 p. 85−17.3%
48BAug 23, 2023$2,550,000$3,300,000 p. 87−22.7%
44AOct 10, 2023$3,450,000$4,050,000 p. 87−14.8%
50BOct 25, 2023$2,530,000$3,350,000 p. 87−24.5%
52BDec 6, 2023$2,600,000$3,400,000 p. 87−23.5%
47BMar 22, 2024$2,650,000$3,275,000 p. 87−19.1%
11AApr 15, 2024$2,425,000$2,950,000 p. 85−17.8%
11CMay 2, 2024$24,550,000one deed, 2 homes$2,790,000 p. 85—
PH70May 2, 2024$24,550,000one deed, 2 homes$36,000,000 p. 88—
35BMay 9, 2024$3,575,000$4,025,000 p. 87−11.2%
18AMay 21, 2024$2,637,500$3,160,000 p. 85−16.5%
45BMay 23, 2024$3,410,000$4,225,000 p. 87−19.3%
54BSep 23, 2024$2,625,000$3,450,000 p. 87−23.9%
11DOct 31, 2024$2,485,000$2,450,000 p. 85+1.4%
19ANov 27, 2024$2,750,000$3,195,000 p. 85−13.9%
49BDec 3, 2024$2,523,625$3,325,000 p. 87−24.1%
23BDec 19, 2024$3,000,000$3,675,000 p. 86−18.4%
42BJan 6, 2025$3,117,825$4,075,000 p. 87−23.5%
43BApr 21, 2025$3,150,000$4,125,000 p. 87−23.6%
TR65May 6, 2025$6,436,000$11,750,000 p. 88−45.2%
TR66May 12, 2025$6,550,000$12,000,000 p. 88−45.4%
TR67Jun 2, 2025$6,575,555$12,250,000 p. 88−46.3%
22BJun 5, 2025$1,600,000$1,650,000 p. 86−3%
25AAug 15, 2025$1,888,888$2,325,000 p. 86−18.8%
26ASep 26, 2025$1,916,000$2,350,000 p. 86−18.5%
TR64Oct 1, 2025$6,400,000$11,500,000 p. 88−44.3%
TR61Nov 13, 2025$6,295,000$10,750,000 p. 87−41.4%
24BFeb 2, 2026$2,995,000$3,725,000 p. 86−19.6%
41BMar 23, 2026$3,100,000$4,025,000 p. 87−23%
TR68May 15, 2026$6,625,000$12,500,000 p. 88−47%
51BJun 4, 2026$2,350,000$3,375,000 p. 87−30.4%
TR63Jun 15, 2026$6,425,000$11,250,000 p. 88−42.9%
28AJun 23, 2026$1,955,000$2,400,000 p. 86−18.5%
17DJun 29, 2026$2,175,000$2,625,000 p. 85−17.1%
TR69Jul 22, 2026$6,600,000$12,750,000 p. 88−48.2%
29AAug 17, 2026$1,955,000$2,425,000 p. 86−19.4%
12CAug 24, 2026$2,300,000$2,685,000 p. 85−14.3%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
50 Lex Development LLC
Principals
Arthur W. Hooper, Jr., Tom Tao
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
138 East 50 th Street 1$240 million loan stated in the plan

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

Nearby