THE CONDO BOOK PROJECT

175 Chrystie Street Condominium

175 Chrystie Street, Manhattan, NY 10002

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Overview

Units
14 residential · 1 commercial
Subway
2 min walk to Bowery J ZGrand St B D, 4 min
Principals
Sunny Chiu, Hagay Azoulay
Average $/sf
$2,339Homes in Schedule A, as first offered
Common charges
$1,308–$4,058 a monthSponsor's first-year estimate in Schedule A, October 1, 2020 - September 30, 2021
Offering price
$59.9 million total $60 million when first offered

The sponsor of record is Acmos On Chrystie LLC, represented by Phillips Nizer LLP. The offering plan runs 388 pages. The sponsor has filed 3 amendments, the latest in July 2022. The nearest other condo plan on file is 15 Rivington Street Condominium, next door.

Plan CD190305 · New · accepted Sep 29, 2020 · AG record ↗

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FigureThis building1Everly West Soho214 units · 0.8 miaccepted 2020The Library311 units · 0.1 miaccepted 2020
Common ChargesPer Square Foot / Month$1.24Highest$0.83$0.89
Average Offering PricePer Apartment$3.98MAbove peers$3.86M$2.3M
Average PricePer Square Foot$2,339In line$2,638$2,071
Property TaxesPer Square Foot / Month$1.02In line$1.20$1.02
Average Unit SizeSquare Feet1,703 SFLargest1,462 SF1,110 SF

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Unit mix, closings, budgets, finishes and the team, against Everly West Soho and The Library, 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 closed100% of the homes in Schedule A13 of 13
Closing prices vs. Schedule A12 homes: $41,980,742 at closing against $46,435,757 in Schedule A (p. 52)−9.6%
Average closing price12 homes, on their Schedule A square feet$2,122 / SF
Closingsfirst and latest recordedDec 8, 2022 – Feb 27, 2025

Sales recorded with the Department of Finance (ACRIS) through Jul 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 13 closings
HomeRecordedClosing priceSchedule ADifference
4EDec 8, 2022$2,623,012$2,726,375 p. 52−3.8%
5EDec 8, 2022$2,698,363$2,758,450 p. 52−2.2%
6EDec 14, 2022$2,660,000$2,790,525 p. 52−4.7%
8Dec 16, 2022$5,640,000$6,108,750 p. 52−7.7%
9Dec 22, 2022$5,634,429$5,756,900 p. 52−2.1%
7Mar 14, 2023$5,088,439$5,506,600 p. 52−7.6%
5WJun 9, 2023$2,283,000$2,546,544 p. 52−10.3%
6WJun 16, 2023$2,318,500$2,577,225 p. 52−10%
3EJul 25, 2023$2,500,000$2,694,300 p. 52−7.2%
4WMay 1, 2024$2,160,000$2,515,863 p. 52−14.1%
10Aug 5, 2024$6,150,000$7,792,000 p. 52−21.1%
2EJan 23, 2025$2,225,000$2,662,225 p. 52−16.4%
2WFeb 27, 2025$4,338,188——

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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
Acmos On Chrystie LLC
Principals
Sunny Chiu, Hagay Azoulay
Tax estimate
Tuchman, Korngold, Weiss, Liebman, and Lindemann, LLPPrepared the first-year real estate tax projection
Construction lender
Shanghai Commercial Bank$16 million recorded

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

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