159 East 118th Street Condominium
159 East 118th Street, Manhattan, NY 10035
Overview
- Units
- 12 residential
- Subway
- 3 min walk to 116 St 6125 St 4 5 6, 8 min
- Principals
- Guy Altberg
- Average $/sf
- $891Homes in Schedule A, as first offered
- Common charges
- $246–$654 a monthSponsor's first-year estimate in Schedule A, Year Projected to Begin: July 1, 2022-June 30, 2023
- Offering price
- $8.86 million total $7.04 million when first offered
- Floor plans
- Page 36 of the plan
The sponsor of record is 159 NYC LLC, represented by The Law Office Of Jay Lichtman, PC. The offering plan runs 338 pages. The sponsor has filed 1 amendment, the latest in March 2023. The nearest other condo plan on file is 181 East 119th Street Condominium, next door.
Plan CD210258 · New · accepted Mar 10, 2022 · AG record ↗
Compare
| Figure | This building1 | Rucker214 units · 2 miaccepted 2019 | One St. Nicholas Park317 units · 1.2 miaccepted 2021 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.62In line | $0.54 | $0.83 |
| Average Offering PricePer Apartment | $587,000In line | $528,001 | $912,235 |
| Average PricePer Square Foot | $891Below peers | $926 | $1,322 |
| Property TaxesPer Square Foot / Month | $1.32Highest | $0.63 | $0.87 |
| Average Unit SizeSquare Feet | 659 SFIn line | 570 SF | 690 SF |
Free Account
See the Full Comp
Unit mix, closings, budgets, finishes and the team, against Rucker and One St. Nicholas Park, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 12 of 12 |
| Closing prices vs. Schedule A12 homes: $8,349,950 at closing against $7,044,000 in Schedule A (p. 35) | +18.5% |
| Average closing price12 homes, on their Schedule A square feet | $1,056 / SF |
| Closingsfirst and latest recorded | Sep 5, 2023 – Apr 24, 2025 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 12 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 6PHA | Sep 5, 2023 | $950,000 | $837,000 p. 35 | +13.5% |
| 1B | Sep 20, 2023 | $950,000 | $897,000 p. 35 | +5.9% |
| 6PHB | Sep 22, 2023 | $920,000 | $745,000 p. 35 | +23.5% |
| 3A | Sep 28, 2023 | $680,000 | $520,000 p. 35 | +30.8% |
| 4A | Oct 26, 2023 | $669,000 | $535,000 p. 35 | +25% |
| 3B | Dec 6, 2023 | $599,000 | $505,000 p. 35 | +18.6% |
| 5A | Jan 31, 2024 | $699,000 | $555,000 p. 35 | +25.9% |
| 2A | Mar 19, 2024 | $607,950 | $505,000 p. 35 | +20.4% |
| 4B | Mar 21, 2024 | $665,000 | $525,000 p. 35 | +26.7% |
| 2B | Jun 14, 2024 | $550,000 | $495,000 p. 35 | +11.1% |
| 5B | Aug 15, 2024 | $635,000 | $540,000 p. 35 | +17.6% |
| 1A | Apr 24, 2025 | $425,000 | $385,000 p. 35 | +10.4% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 159 NYC LLC
- Principals
- Guy Altberg
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Broad X Funding$3 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 181 East 119th Street Condominiumnext door · 90 units · 25 parking · 2008
- 124 East 118th Street Condominiumnext door · 8 units · 2004
- Altonext door · 22 units · 2008
- 160 East 117th Street Condominiumnext door · 19 units · 2008
- 207-209 East 120th Street Condominium0.1 mi · 11 units · 2007
- 232 East 118th Street Condominium0.1 mi · 12 units · 2006