THE CONDO BOOK PROJECT

150 Nassau Street Condominium

150 Nassau Street, Manhattan, NY 10110

Overview

Units
45 residential · 3 commercial
Subway
2 min walk to Brooklyn Bridge-City Hall/Chambers St 4 5 6 J ZFulton St 2 3 4 5 A C J Z, 3 min
Developer
SRI, L.L.C.
Principals
Yitzchak Tessler, Harold Schertz
Average $/sf
$709Homes in Schedule A, as first offered
Offering price
$71.3 million total

The sponsor of record is 2 Spruce Street LLC, represented by Starr Associates LLP. The offering plan runs 596 pages. The sponsor has filed 23 amendments, the latest in January 2012. The nearest other condo plan on file is Beekman Residences Condominium, next door.

Plan CD010155 · New · accepted Oct 30, 2001 · AG record ↗

Compare

FigureThis building1Sugar Warehouse233 units · 0.8 miaccepted 2002Keystone324 units · 0.3 miaccepted 2001
Common ChargesPer Square Foot / Month$0.64 ⚠Highest$0.45$0.30
Average Offering PricePer Apartment$801,044Lowest$1.93M$1.13M
Average PricePer Square Foot$709Above peers$701$543
Average Unit SizeSquare Feet1,131 SFSmallest2,754 SF2,090 SF

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Unit mix, closings, budgets, finishes and the team, against Sugar Warehouse and Keystone, 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.

⚠ Read from a partly legible Schedule B.

Closings Pro

Homes closed94% of the homes in Schedule A117 of 125
Closing prices vs. Schedule A113 homes: $103,132,234 at closing against $90,805,550 in Schedule A (p. 41, p. 42)+13.6%
Average closing price113 homes, on their Schedule A square feet$808 / SF
Closingsfirst and latest recordedMar 14, 2003 – Jul 17, 2025

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 117 closings
HomeRecordedClosing priceSchedule ADifference
8CMar 14, 2003$395,359$330,000 p. 42+19.8%
11AMar 17, 2003$936,790$970,000 p. 42−3.4%
13AMar 17, 2003$970,000$1,020,000 p. 42−4.9%
10AMar 18, 2003$903,167$945,000 p. 42−4.4%
10BMar 19, 2003$1,500,000$1,625,000 p. 42−7.7%
11DMar 20, 2003$906,243$945,000 p. 42−4.1%
15AMar 20, 2003$1,038,615$1,070,000 p. 42−2.9%
3AMar 21, 2003$312,557$275,000 p. 41+13.7%
9DMar 21, 2003$506,500$415,000 p. 42+22%
3BMar 24, 2003$333,455$295,000 p. 41+13%
10DMar 24, 2003$880,786$920,000 p. 42−4.3%
5BMar 27, 2003$339,438$325,000 p. 41+4.4%
16AMar 27, 2003$1,114,984$1,095,000 p. 42+1.8%
9AMar 31, 2003$370,009$330,000 p. 42+12.1%
9JMar 31, 2003$223,208$135,000 p. 42+65.3%
5EApr 1, 2003$359,970$395,000 p. 41−8.9%
9FApr 1, 2003$477,087$405,000 p. 42+17.8%
9BApr 3, 2003$390,897$350,000 p. 42+11.7%
8GApr 7, 2003$482,664$410,000 p. 42+17.7%
5JApr 8, 2003$117,099$115,000 p. 41+1.8%
8IApr 8, 2003$122,190$120,000 p. 42+1.8%
5DApr 9, 2003$328,036$375,000 p. 41−12.5%
8AApr 10, 2003$359,566$320,000 p. 41+12.4%
5IApr 11, 2003$106,916$105,000 p. 41+1.8%
8JApr 11, 2003$132,373$130,000 p. 42+1.8%
8DApr 27, 2003$496,860$400,000 p. 42+24.2%
4BApr 30, 2003$295,074$300,000 p. 41−1.6%
14AMay 6, 2003$1,023,341$1,045,000 p. 42−2.1%
14BMay 9, 2003$1,619,018$1,070,000 p. 42+51.3%
5CMay 14, 2003$328,993$315,000 p. 41+4.4%
8HMay 15, 2003$741,780$590,000 p. 42+25.7%
12DMay 15, 2003$937,528$970,000 p. 42−3.3%
2CMay 28, 2003$997,885$1,100,000 p. 41−9.3%
19DMay 29, 2003$1,231,149$1,195,000 p. 42+3%
20DMay 29, 2003$1,308,418$1,270,000 p. 42+3%
2BJul 17, 2003$1,725,934$1,695,000 p. 41+1.8%
13DAug 8, 2003$997,885$995,000 p. 42+0.3%
7BAug 15, 2003$408,642$330,000 p. 41+23.8%
6CSep 5, 2003$395,460$310,000 p. 41+27.6%
2ASep 15, 2003$999,922$860,000 p. 41+16.3%
18DSep 15, 2003$1,140,440$1,120,000 p. 42+1.8%
16BSep 17, 2003$1,680,113$1,775,000 p. 42−5.3%
7CSep 25, 2003$393,432$320,000 p. 41+22.9%
7IOct 1, 2003$233,220$115,000 p. 41+102.8%
7EOct 3, 2003$588,265$405,000 p. 41+45.3%
15DOct 10, 2003$1,017,232$1,045,000 p. 42−2.7%
4HNov 4, 2003$570,000$330,000 p. 41+72.7%
3DNov 10, 2003$530,000$345,000 p. 41+53.6%
15BNov 14, 2003$1,680,113$1,750,000 p. 42−4%
5FDec 22, 2003$407,121$365,000 p. 41+11.5%
20ADec 22, 2003$1,507,010$1,545,000 p. 42−2.5%
11CJan 13, 2004$1,323,725$1,500,000 p. 42−11.8%
12CJan 14, 2004$1,374,638$1,525,000 p. 42−9.9%
4EJan 16, 2004$550,000$370,000 p. 41+48.6%
13CFeb 5, 2004$1,410,276$1,550,000 p. 42−9%
14CFeb 19, 2004$1,476,463$1,575,000 p. 42−6.3%
18AMar 2, 2004$3,237,871one deed, 2 homes$1,395,000 p. 42—
18BMar 2, 2004$3,237,871one deed, 2 homes$1,850,000 p. 42—
15CMar 11, 2004$1,527,375$1,600,000 p. 42−4.5%
16CMar 11, 2004$1,571,160$1,625,000 p. 42−3.3%
20BMar 30, 2004$1,985,588$1,975,000 p. 42+0.5%
12AApr 5, 2004$1,170,988$995,000 p. 42+17.7%
19AApr 8, 2004$1,496,828$1,470,000 p. 42+1.8%
6JApr 19, 2004$245,000$120,000 p. 41+104.2%
6KApr 19, 2004$350,000$225,000 p. 41+55.6%
18CApr 20, 2004$1,680,113$1,700,000 p. 42−1.2%
7JApr 21, 2004$250,000$125,000 p. 41+100%
6IApr 29, 2004$259,000$110,000 p. 41+135.5%
3HApr 30, 2004$645,000$325,000 p. 41+98.5%
19CMay 14, 2004$1,693,350$1,750,000 p. 42−3.2%
2DMay 17, 2004$1,325,000$1,050,000 p. 41+26.2%
19BMay 21, 2004$2,011,044$1,900,000 p. 42+5.8%
7KJun 7, 2004$355,000$230,000 p. 41+54.3%
5GJun 17, 2004$665,000$385,000 p. 41+72.7%
16DJun 17, 2004$1,170,988$1,070,000 p. 42+9.4%
5HAug 5, 2004$570,220$560,000 p. 41+1.8%
7HAug 18, 2004$850,000$580,000 p. 41+46.6%
20CAug 25, 2004$1,725,000$1,825,000 p. 42−5.5%
4ISep 10, 2004$410,000$210,000 p. 41+95.2%
17CSep 10, 2004$1,591,525$1,650,000 p. 42−3.5%
GARAGSep 22, 2004$1,650,000——
6DOct 4, 2004$715,000$370,000 p. 41+93.2%
6HOct 19, 2004$940,000$570,000 p. 41+64.9%
9KOct 21, 2004$49,515$240,000 p. 42−79.4%
6GJan 10, 2005$630,000$380,000 p. 41+65.8%
6FApr 19, 2005$670,000$360,000 p. 41+86.1%
9HApr 19, 2005$975,000$600,000 p. 42+62.5%
7DJun 23, 2005$680,000$385,000 p. 41+76.6%
7AJul 11, 2005$640,000$310,000 p. 41+106.5%
4GJul 14, 2005$675,000$360,000 p. 41+87.5%
3IJul 19, 2005$495,000$205,000 p. 41+141.5%
6AJul 29, 2005$635,000$300,000 p. 41+111.7%
6EAug 9, 2005$686,000$390,000 p. 41+75.9%
4FAug 11, 2005$680,000$340,000 p. 41+100%
6BSep 26, 2005$660,000$320,000 p. 41+106.3%
7FNov 22, 2005$710,000$375,000 p. 41+89.3%
3FApr 1, 2006$700,000$335,000 p. 41+109%
9CAug 7, 2006$649,000$340,000 p. 42+90.9%
7GAug 16, 2006$620,000$395,000 p. 41+57%
PenthouseJan 16, 2007$6,567,713$10,000,000 p. 42−34.3%
8BAug 28, 2007$675,000$340,000 p. 41+98.5%
5AOct 29, 2007$639,000$305,000 p. 41+109.5%
12BFeb 8, 2008$2,600,000$1,675,000 p. 42+55.2%
9GJun 16, 2008$724,000$425,000 p. 42+70.4%
14DAug 27, 2008$1,265,000$1,020,000 p. 42+24%
8FJul 29, 2010$605,000$390,000 p. 42+55.1%
9ENov 3, 2010$618,000$435,000 p. 42+42.1%
9IFeb 16, 2012$322,000$125,000 p. 42+157.6%
11BJun 11, 2012$2,265,000$1,650,000 p. 42+37.3%
RETAIJul 16, 2012$2,875,000——
3JOct 3, 2012$895,000$495,550 p. 41+80.6%
4DDec 26, 2012$678,750$350,000 p. 41+93.9%
4JMar 1, 2013$425,000$115,000 p. 41+269.6%
3CMay 15, 2013$660,000$285,000 p. 41+131.6%
10CFeb 10, 2016$2,800,000$1,475,000 p. 42+89.8%
3EJun 21, 2019$152,242$365,000 p. 41−58.3%
17BJul 17, 2025$2,885,000$1,800,000 p. 42+60.3%

Pro

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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
2 Spruce Street LLC
Developer
SRI, L.L.C.
Principals
Yitzchak Tessler, Harold Schertz
Tax estimate
Podell, Schwartz, Schechter & Banfield, LLPPrepared the first-year real estate tax projection

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

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