THE CONDO BOOK PROJECT

Washington Bridge View Cooperative

150 Featherbed Lane, Bronx, NY 10452

Overview

Units
48 residential · 24 parking · 1 commercial
Subway
10 min walk to Mt Eden Av 4176 St 4, 12 min
Developer
Mastermind Development LTD
Principals
Radame Jose Perez
Common charges
$428–$790 a monthSponsor's first-year estimate in Schedule A, -
Offering price
$684,643 total $14.9 million when first offered

The sponsor of record is Washington Bridge LLC, represented by Goldstein Hall, Pllc. The offering plan runs 506 pages. The sponsor has filed 8 amendments, the latest in February 2013. The nearest other condo plan on file is Highbridge Heights Condominium, 0.6 mi away.

Plan CC090001 · New · accepted Jul 22, 2009 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A49 of 49
Closing prices vs. Schedule A33 homes: $6,524,321 at closing against $7,119,774 in Schedule A (p. 10, p. 379)−8.4%
Closingsfirst and latest recordedMay 20, 2011 – Jun 24, 2013

Sales recorded with the Department of Finance (ACRIS) through Jul 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 50 closings
HomeRecordedClosing priceSchedule ADifference
1001May 20, 2011$195,629——
7EDec 15, 2011$234,437$213,503 p. 379+9.8%
4FDec 29, 2011$195,629$194,849 p. 10+0.4%
4EMar 8, 2012$221,889$221,003 p. 10+0.4%
6AMar 19, 2012$186,387$269,273 p. 379−30.8%
7GMar 29, 2012$204,765$276,773 p. 379−26%
PS17Mar 29, 2012$204,765——
4GMar 30, 2012$201,753$269,273 p. 10−25.1%
7AMar 30, 2012$206,467$269,273 p. 379−23.3%
PS9Mar 30, 2012$201,753——
PS13Mar 30, 2012$206,467——
7HApr 5, 2012$204,765$213,503 p. 379−4.1%
PS10Apr 5, 2012$204,765——
5AApr 16, 2012$203,455$269,273 p. 379−24.4%
PS15Apr 16, 2012$203,455——
3AApr 27, 2012$203,455$223,023 p. 10−8.8%
4AApr 27, 2012$203,455$269,273 p. 10−24.4%
6HApr 27, 2012$214,039$269,273 p. 379−20.5%
PS1Apr 27, 2012$214,039——
PS8Apr 27, 2012$203,455——
PS14Apr 27, 2012$203,455——
5GMay 4, 2012$201,753$269,273 p. 379−25.1%
4HMay 24, 2012$215,709$194,849 p. 10+10.7%
PS2May 24, 2012$215,709——
4JMay 30, 2012$150,310$190,479 p. 10−21.1%
3GJun 29, 2012$201,753$269,273 p. 10−25.1%
5JJun 29, 2012$155,330$229,454 p. 379−32.3%
PS 23Jun 29, 2012$201,753——
6FJul 12, 2012$221,569$276,773 p. 379−19.9%
PS21Jul 12, 2012$221,569——
2GJul 13, 2012$221,569$167,253 p. 10+32.5%
PS22Jul 13, 2012$221,569——
6GJul 17, 2012$201,489$276,773 p. 379−27.2%
3JJul 18, 2012$150,310$190,479 p. 10−21.1%
2AJul 19, 2012$203,455$223,023 p. 10−8.8%
6JOct 1, 2012$150,310$229,454 p. 379−34.5%
2EOct 9, 2012$184,183$167,253 p. 10+10.1%
3ENov 15, 2012$209,283$167,253 p. 10+25.1%
PS 5Nov 15, 2012$209,283——
3DNov 28, 2012$209,283$167,253 p. 10+25.1%
PS 6Nov 28, 2012$209,283——
4DDec 4, 2012$189,203$221,003 p. 10−14.4%
2DJan 11, 2013$204,263$167,253 p. 10+22.1%
PS 12Jan 11, 2013$204,263——
3FJan 15, 2013$239,403$83,599 p. 10+186.4%
2CFeb 20, 2013$234,383$83,599 p. 10+180.4%
5EFeb 20, 2013$189,203$221,003 p. 379−14.4%
2JMar 1, 2013$152,722$136,729 p. 10+11.7%
7JJun 24, 2013$158,342$229,454 p. 379−31%
PS 24Jun 24, 2013$158,342——

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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
Washington Bridge LLC
Developer
Mastermind Development LTD
Principals
Radame Jose Perez
Tax estimate
Goldberg Weprin & Ustin, LLPPrepared the first-year real estate tax projection
Construction lenders
Bank of America, N.A., HDC and the City of New York$12.9 million recorded

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

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