THE CONDO BOOK PROJECT

Freeman Residences At The Freeman Condominium

183 Chrystie Street, Manhattan, NY 10002

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Overview

Units
18 residential
Subway
3 min walk to Bowery J Z2 Av F, 3 min
Developers
Omnia Properties LLC, Victor Construction
Principals
David S. Paz, Moran Shuster
Average $/sf
$2,863Homes in Schedule A, as first offered
Common charges
$698–$1,527 a monthSponsor's first-year estimate in Schedule A, For The Projected First Year Condominium Operations (July 1, 2025 - June 30, 2026)
Offering price
$37.6 million total $37 million when first offered

The sponsor of record is 185 Chrystie Street LLC, represented by Starr Associates, LLP. The offering plan runs 556 pages. The sponsor has filed 1 amendment, the latest in January 2025. The nearest other condo plan on file is 199-201 Chrystie Street Condominium, next door.

Plan CD240178 · New · accepted Jan 3, 2025 · AG record ↗

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FigureThis building1La Maison Collette220 units · 0.8 miaccepted 2025181 Macdougal316 units · 0.8 miaccepted 2024
Common ChargesPer Square Foot / Month$1.68In line$1.65$4.42
Average Offering PricePer Apartment$2.05MLowest$2.58M$4.04M
Average PricePer Square Foot$2,863In line$2,698$3,164
Property TaxesPer Square Foot / Month$1.91Highest$0.93$1.36
Average Unit SizeSquare Feet717 SFSmallest1,222 SF1,277 SF

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Unit mix, closings, budgets, finishes and the team, against La Maison Collette and 181 Macdougal, 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
185 Chrystie Street LLC
Developers
Omnia Properties LLC, Victor Construction
Principals
David S. Paz, Moran Shuster
Tax estimate
Marcus & Pollack, LLPPrepared the first-year real estate tax projection
Construction lender
Valley National Bank$35 million recorded

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

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