THE CONDO BOOK PROJECT

Treetop Condominium

14 Second Avenue, Manhattan, NY 10003

Overview

Units
10 residential
Subway
1 min walk to 2 Av FBroadway-Lafayette St/Bleecker St 6 B D F M, 5 min
Developer
Station Companies
Principals
Daniel Vislocky, Enrique Gittes
Average $/sf
$2,134Homes in Schedule A, as first offered
Common charges
$1,071–$1,289 a monthSponsor's first-year estimate in Schedule A, 12-Month Period That Projected Charges Are For July 1, 2022 To June 30, 2023
Offering price
$34 million total $31.7 million when first offered

The sponsor of record is Station 14 2nd Avenue LLC, represented by Herrick, Feinstein LLP. The offering plan runs 431 pages. The sponsor has filed 5 amendments, the latest in September 2025. The nearest other condo plan on file is 32 East 1st Street Condominium, next door.

Plan CD210103 · New · accepted Mar 30, 2022 · AG record ↗

Compare

FigureThis building1Sixty Six Clinton212 units · 0.4 miaccepted 2022Gramercy 1860311 units · 1.1 miaccepted 2021
Common ChargesPer Square Foot / Month$0.77In line$1.76$0.57
Average Offering PricePer Apartment$3.4MIn line$2.72M$3.47M
Average PricePer Square Foot$2,134In line$2,112$2,248
Property TaxesPer Square Foot / Month$1.44Above peers$1.29$1.20
Average Unit SizeSquare Feet1,592 SFLarger1,289 SF1,546 SF

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Unit mix, closings, budgets, finishes and the team, against Sixty Six Clinton and Gramercy 1860, 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 closed90% of the homes in Schedule A9 of 10
Closing prices vs. Schedule A9 homes: $28,914,658 at closing against $30,840,000 in Schedule A (p. 75)−6.2%
Average closing price9 homes, on their Schedule A square feet$2,021 / SF
Closingsfirst and latest recordedJul 7, 2023 – Oct 11, 2024

Sales recorded with the Department of Finance (ACRIS) through Oct 31, 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 9 closings
HomeRecordedClosing priceSchedule ADifference
UNIT 7Jul 7, 2023$3,225,000$3,530,000 p. 75−8.6%
UNIT 8Aug 21, 2023$3,610,000$3,610,000 p. 750%
UNIT 5Sep 5, 2023$3,340,000$3,390,000 p. 75−1.5%
UNIT 4Sep 28, 2023$3,134,080$3,320,000 p. 75−5.6%
UNIT PH 2Nov 9, 2023$3,778,803$3,880,000 p. 75−2.6%
UNIT 1Jan 18, 2024$2,150,000$2,760,000 p. 75−22.1%
UNIT PH 1Jun 5, 2024$3,371,775$3,640,000 p. 75−7.4%
UNIT 6Jul 16, 2024$3,360,000$3,460,000 p. 75−2.9%
UNIT 3Oct 11, 2024$2,945,000$3,250,000 p. 75−9.4%

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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
Station 14 2nd Avenue LLC
Developer
Station CompaniesReported by mannpublications.com
Principals
Daniel Vislocky, Enrique Gittes
Tax estimate
Goldberg Weprin Finkel Goldstein LLPPrepared the first-year real estate tax projection
Construction lender
Emerald Creek Capital$13.8 million loan stated in the plan

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

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