THE CONDO BOOK PROJECT

Greenwich Lane

140-160 West 12th St & 133-155 West 11th St, Manhattan, NY 10011

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Overview

Units
200 residential · 1 parking · 1 storage · 2 commercial
Subway
2 min walk to 14 St/6 Av 1 2 3 F L M14 St/8 Av A C E L, 6 min
Developers
Atlantic West Village L.P., Eastgate Realty, Global RWV LLC, O.S.L. Shipping and Development, Inc., Rudin Management Co., Inc., Rudin West Village LLC, West Village Holdings LLC
Principals
Samuel Kellner, Wendy Mosler, Eric C. Rudin, John J. Gilbert III, Peter Allen, William C. Rudin
Offering price
$1708.9 million total $1654.9 million when first offered

The sponsor of record is West Village Residences LLC, represented by Goldfarb & Fleece, LLP. The offering plan runs 1,134 pages. The sponsor has filed 39 amendments, the latest in January 2022. The nearest other condo plan on file is 130 West 12th Street Condominium, next door.

Plan CD130081 · Rehab · accepted Oct 1, 2013 · AG record ↗

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FigureThis building1Towers Units At Mima2151 units · 1.6 miaccepted 201688 & 90 Lex3122 units · 0.9 miaccepted 2015
Average Offering PricePer Apartment$8.27MHighest$2.7M$2.36M

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Unit mix, closings, budgets, finishes and the team, against Towers Units At Mima 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 Village Residences LLC
Developers
Atlantic West Village L.P., Eastgate Realty, Global RWV LLC, O.S.L. Shipping and Development, Inc., Rudin Management Co., Inc., Rudin West Village LLC, West Village Holdings LLC
Principals
Samuel Kellner, Wendy Mosler, Eric C. Rudin, John J. Gilbert III, Peter Allen, William C. Rudin
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
JPMorgan Chase Bank$427 million recorded

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

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