THE CONDO BOOK PROJECT

16 West 18 Street Condominium

16 West 18 Street, Manhattan, NY 10011

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Overview

Units
9 residential · 1 commercial
Subway
3 min walk to 14 St/6 Av 1 2 3 F L M14 St-Union Sq 4 5 6 B D F L M N Q R W, 5 min
Principals
Gary Vinbaytel, Dennis Druzhinsky
Average $/sf
$2,264Homes in Schedule A, as first offered
Common charges
$635–$914 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 To June 30, 2026
Offering price
$33.6 million total $31.9 million when first offered

The sponsor of record is Mn W18w17 LLC, represented by Eial Girtz, PC. The offering plan runs 291 pages. The sponsor has filed 3 amendments, the latest in June 2026. The nearest other condo plan on file is 21 West 17 Street Condominium, next door.

Plan CD240026 · New · accepted Jul 12, 2024 · AG record ↗

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FigureThis building1Louie Xvii213 units · 0 miaccepted 2024Ava39 units · 0.1 miaccepted 2026
Common ChargesPer Square Foot / Month$0.48In line$0.41$0.82
Average Offering PricePer Apartment$3.21MIn line$3.46M$2.53M
Average PricePer Square Foot$2,264Below peers$2,424$2,339
Property TaxesPer Square Foot / Month$1.98Above peers$1.93$1.93
Average Unit SizeSquare Feet1,416 SFIn line1,427 SF1,080 SF

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Unit mix, closings, budgets, finishes and the team, against Louie Xvii and Ava, 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 closed56% of the homes in Schedule A5 of 9
Closing prices vs. Schedule A5 homes: $13,520,000 at closing against $14,690,000 in Schedule A (p. 39)−8%
Average closing price5 homes, on their Schedule A square feet$1,910 / SF
Closingsfirst and latest recordedJun 25, 2026 – Sep 18, 2026

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 5 closings
HomeRecordedClosing priceSchedule ADifference
6Jun 25, 2026$2,750,000$3,030,000 p. 39−9.2%
2Jun 26, 2026$2,995,000$3,250,000 p. 39−7.8%
5Jul 10, 2026$2,600,000$2,910,000 p. 39−10.7%
3Aug 27, 2026$2,575,000$2,700,000 p. 39−4.6%
4Sep 18, 2026$2,600,000$2,800,000 p. 39−7.1%

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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
Mn W18w17 LLC
Principals
Gary Vinbaytel, Dennis Druzhinsky
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
Popular Bank$35.2 million loan stated in the plan

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

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