THE CONDO BOOK PROJECT

No. 142 Flatiron Condominium

142 West 19th Street, Manhattan, NY 10011

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Overview

Units
7 residential
Subway
2 min walk to 18 St 123 St 1, 5 min
Principals
Seth Weissman
Average $/sf
$2,082Homes in Schedule A, as first offered
Common charges
$1,148–$1,728 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 – December 31, 2023
Offering price
$23.5 million total $24.6 million when first offered

The sponsor of record is Usd 142 W 19 LLC**, represented by Belkin, Burden, Goldman, LLP. The offering plan runs 962 pages. The sponsor has filed 4 amendments, the latest in November 2024. The nearest other condo plan on file is Modern 19, next door.

Plan CD210290 · New · accepted Jan 5, 2023 · AG record ↗

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FigureThis building1Treetop210 units · 1.2 miaccepted 2022650 East 6th35 units · 1.5 miaccepted 2022
Common ChargesPer Square Foot / Month$0.76Below peers$0.77$1.54
Average Offering PricePer Apartment$3.41MAbove peers$3.4M$2.51M
Average PricePer Square Foot$2,082In line$2,134$1,866
Property TaxesPer Square Foot / Month$1.33In line$1.44$1.17
Average Unit SizeSquare Feet1,640 SFLarger1,592 SF1,345 SF

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Unit mix, closings, budgets, finishes and the team, against Treetop and 650 East 6th, 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 closed100% of the homes in Schedule A7 of 7
Closing prices vs. Schedule A7 homes: $19,955,000 at closing against $23,900,000 in Schedule A (p. 38)−16.5%
Average closing price7 homes, on their Schedule A square feet$1,738 / SF
Closingsfirst and latest recordedFeb 12, 2024 – Jan 17, 2025

Sales recorded with the Department of Finance (ACRIS) through Apr 30, 2025: 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 7 closings
HomeRecordedClosing priceSchedule ADifference
3Feb 12, 2024$2,700,000$2,925,000 p. 38−7.7%
6Feb 12, 2024$3,050,000$3,450,000 p. 38−11.6%
5Feb 29, 2024$2,825,000$3,400,000 p. 38−16.9%
2Mar 18, 2024$2,500,000$3,250,000 p. 38−23.1%
PHMar 26, 2024$3,200,000$3,650,000 p. 38−12.3%
4May 21, 2024$2,800,000$2,975,000 p. 38−5.9%
1Jan 17, 2025$2,880,000$4,250,000 p. 38−32.2%

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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
Usd 142 W 19 LLC**
Principals
Seth Weissman
Tax estimate
Korngold Powers LLPPrepared the first-year real estate tax projection
Construction lender
Axos Bank$11.4 million recorded

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

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