Gramercy North Condominium
139 East 23rd Street, Manhattan, NY 10010
Overview
- Units
- 14 residential · 1 commercial
- Subway
- 2 min walk to 23 St-Baruch College 628 St 6, 6 min
- Developers
- Colonnade Group LLC, EPIRE, Realty Vailog S.p.A.
- Principals
- Stefano Farsura, Alessandro Bonati
- Average $/sf
- $1,753Homes in Schedule A, as first offered
- Common charges
- $801–$875 a monthSponsor's first-year estimate in Schedule A, January 1, 2020 - December 31, 2020
- Offering price
- $28 million total
- Floor plans
- Page 50 of the plan
The sponsor of record is 139 East 23rd Street Club LLC, represented by Starr Associates, LLP. The offering plan runs 442 pages. The sponsor has filed 14 amendments, the latest in April 2026. The nearest other condo plan on file is One 48 Condominium, next door.
Plan CD190107 · New · accepted Dec 5, 2019 · AG record ↗
Compare
| Figure | This building1 | The Westerley29 units · 1.3 miaccepted 2020 | 165 E. 62nd310 units · 1.9 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.53Lowest | $0.85 | $1.05 |
| Average Offering PricePer Apartment | $2.69MIn line | $2.36M | $3.37M |
| Average PricePer Square Foot | $1,753In line | $1,599 | $2,003 |
| Property TaxesPer Square Foot / Month | $1.06Below peers | $1.15 | $1.16 |
| Average Unit SizeSquare Feet | 1,535 SFIn line | 1,475 SF | 1,683 SF |
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Unit mix, closings, budgets, finishes and the team, against The Westerley and 165 E. 62nd, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 14 of 14 |
| Closing prices vs. Schedule A13 homes: $32,859,109 at closing against $34,640,000 in Schedule A (p. 49) | −5.1% |
| Average closing price13 homes, on their Schedule A square feet | $1,647 / SF |
| Closingsfirst and latest recorded | Dec 3, 2020 – Feb 4, 2025 |
Sales recorded with the Department of Finance (ACRIS) through Jul 31, 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 14 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 11 | Dec 3, 2020 | $2,800,000 | $2,770,000 p. 49 | +1.1% |
| 8 | Dec 31, 2020 | $2,550,000 | $2,620,000 p. 49 | −2.7% |
| 6 | Feb 23, 2021 | $2,525,000 | $2,560,000 p. 49 | −1.4% |
| PH | Dec 15, 2021 | $3,100,000 | — | — |
| 9 | Jan 28, 2022 | $2,500,000 | $2,650,000 p. 49 | −5.7% |
| 5 | May 6, 2022 | $2,675,000 | $2,515,000 p. 49 | +6.4% |
| 4 | Jul 29, 2022 | $2,646,609 | $2,470,000 p. 49 | +7.2% |
| 10 | Jan 18, 2023 | $2,815,000 | $2,680,000 p. 49 | +5% |
| 3 | Sep 5, 2023 | $2,200,000 | $2,415,000 p. 49 | −8.9% |
| 7 | Oct 13, 2023 | $2,400,000 | $2,590,000 p. 49 | −7.3% |
| 2 | Feb 15, 2024 | $2,325,000 | $2,715,000 p. 49 | −14.4% |
| 15 | Dec 2, 2024 | $2,615,000 | $2,970,000 p. 49 | −12% |
| 12 | Jan 23, 2025 | $2,375,000 | $2,815,000 p. 49 | −15.6% |
| 14 | Feb 4, 2025 | $2,432,500 | $2,870,000 p. 49 | −15.2% |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 139 East 23rd Street Club LLC
- Developers
- Colonnade Group LLC, EPIRE, Realty Vailog S.p.A.
- Principals
- Stefano Farsura, Alessandro Bonati
- Counsel
- Starr Associates, LLP
- Tax estimate
- Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection
- Construction lender
- Banca Monte dei Paschi di Siena$23.5 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- One 48 Condominiumnext door · 54 units · 2011
- 150 East 23rd St. Condominium A/K/A Celeste Gramercynext door · 51 units · 2018
- 121 East 22nd Street Condominiumnext door · 133 units · 25 parking · 2016
- Crossing 23rd Condominiumnext door · 95 units · 2005
- Gramercy Green Condominiumnext door · 292 units
- L & S Condominiumnext door · 18 units · 2013