THE CONDO BOOK PROJECT

184 E. 64th Street Condominium

184 East 64th Street, Manhattan, NY 10065

Overview

Units
5 residential
Subway
2 min walk to Lexington Av/63 St M QLexington Av/59 St 4 5 6 N R W, 4 min
Average $/sf
$3,076Homes in Schedule A, as first offered
Common charges
$1,925–$4,675 a monthSponsor's first-year estimate in Schedule A, July 1, 2017 through June 30, 2018
Offering price
$42.5 million total $29.8 million when first offered

The sponsor of record is 184 East 64th Street Associates LLC, represented by Golenbock, Eiseman, Assor, Bell & Peskoe LLP. The offering plan runs 266 pages. The sponsor has filed 1 amendment, the latest in June 2017. The nearest other condo plan on file is 140 East 63rd Street/Barbizon/63 Condominium, next door.

Plan CD160393 · Rehab · accepted Feb 15, 2017 · AG record ↗

Compare

FigureThis building1Park Mansion26 units · 0.9 miaccepted 2016The Monaco310 units · 0.6 miaccepted 2017
Common ChargesPer Square Foot / Month$1.42In line$0.98$1.60
Average Offering PricePer Apartment$5.95MIn line$7.03M$2.07M
Average PricePer Square Foot$3,076Highest$2,281$2,370
Property TaxesPer Square Foot / Month$1.14Lowest$1.93$1.70
Average Unit SizeSquare Feet1,935 SFIn line3,083 SF875 SF

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Unit mix, closings, budgets, finishes and the team, against Park Mansion and The Monaco, 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
184 East 64th Street Associates LLC
Tax estimate
Paul J. Korngold of Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection

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

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