THE CONDO BOOK PROJECT

176 East 82nd Street Condominium

176 East 82nd Street A/K/A 1444 Third Avenue, Manhattan, NY 10028

Overview

Units
9 residential · 1 commercial
Subway
5 min walk to 86 St Q86 St 4 5 6, 6 min
Principals
Yaniv Cohen, Amir Nechmad, Gabriel Peretz, Gadi Peleg
Offering price
$55 million total $57.8 million when first offered

The sponsor of record is Drk Third Avenue LLC, represented by Phillips Nizer LLP. The offering plan runs 352 pages. The sponsor has filed 4 amendments, the latest in December 2019. The nearest other condo plan on file is 1438 Third Avenue Condo. Maison East, next door.

Plan CD160195 · New · accepted May 26, 2017 · AG record ↗

Compare

FigureThis building127e7928 units · 0.3 miaccepted 2017318 East 81st36 units · 0.2 miaccepted 2017
Average Offering PricePer Apartment$6.42MIn line$10.03M$4.05M

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Unit mix, closings, budgets, finishes and the team, against 27e79 and 318 East 81st, 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 the plan9 of 9
Closingsfirst and latest recordedJun 12, 2020 – Feb 9, 2022

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2025: 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 9 closings
HomeRecordedClosing priceSchedule ADifference
201Jun 12, 2020$3,600,000——
401Jun 24, 2020$3,925,000——
701Jul 23, 2020$4,500,000——
301Aug 14, 2020$3,730,000——
801Feb 26, 2021$4,550,000——
601Jul 19, 2021$3,369,896——
901Jul 19, 2021$3,652,290——
501Dec 28, 2021$4,491,300——
PHFeb 9, 2022$4,750,000——

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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
Drk Third Avenue LLC
Principals
Yaniv Cohen, Amir Nechmad, Gabriel Peretz, Gadi Peleg
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Gelles LLPPrepared the first-year real estate tax projection
Construction lender
Popular Bank$6.35 million loan stated in the plan

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

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