THE CONDO BOOK PROJECT

150 West 77th Street Condominium

150 W. 77th Street, Manhattan, NY 10024

Overview

Units
4 residential
Subway
5 min walk to 79 St 172 St 1 2 3, 7 min
Principals
Benjamin Kirstain
Average $/sf
$1,557Homes in Schedule A, as first offered
Common charges
$621–$1,373 a monthSponsor's first-year estimate in Schedule A, January 1, 2014 - December 31, 2014
Offering price
$9.56 million total

The sponsor of record is 150 West 77, LLC, represented by Marans Weisz & Newman LLC. The offering plan runs 263 pages. The sponsor has filed 1 amendment, the latest in January 2014. The nearest other condo plan on file is Harrison Condominium, next door.

Plan CD130130 · Rehab · accepted Jan 2, 2014 · AG record ↗

Compare

FigureThis building1Park Mansion26 units · 1.4 miaccepted 2016The Gianna35 units · 1.3 miaccepted 2017
Common ChargesPer Square Foot / Month$0.56Lowest$0.98$1.42
Average Offering PricePer Apartment$2.39MLowest$7.03M$5.95M
Average PricePer Square Foot$1,557Lowest$2,281$3,076
Property TaxesPer Square Foot / Month$0.85Lowest$1.93$1.14
Average Unit SizeSquare Feet1,536 SFSmallest3,083 SF1,935 SF

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Unit mix, closings, budgets, finishes and the team, against Park Mansion and The Gianna, 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
150 West 77, LLC
Principals
Benjamin Kirstain
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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

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