Woolworth Tower Residences
2 Park Place, Manhattan, NY 10007
Overview
- Units
- 34 residential
- Subway
- 1 min walk to Chambers St/WTC/Park Place/Cortlandt St 2 3 A C E R WCity Hall R W, 2 min
- Developers
- Alchemy Properties Inc., Spire Overseas LLC
- Principals
- Kenneth S. Hom
- Common charges
- $1,958–$14,460 a monthSponsor's first-year estimate in Schedule A, July 1, 2016 to June 30, 2017
- Offering price
- $391.3 million total $434.7 million when first offered
- Floor plans
- Page 260 of the plan
The sponsor of record is Woolworth 100 Owner LLC, represented by Schwartz Sladkus Reich Greenberg Atlas LLP. The offering plan runs 571 pages. The sponsor has filed 22 amendments, the latest in September 2020. The nearest other condo plan on file is 30 Park Place, Four Seasons Private Residences New York Downtown, next door.
Plan CD140062 · New · accepted Aug 15, 2014 · AG record ↗
Compare
| Figure | This building1 | 70 Vestry247 units · 0.8 miaccepted 2016 | 160 Leroy347 units · 1.2 miaccepted 2015 |
|---|---|---|---|
| Average Offering PricePer Apartment | $13.05MIn line | $14.69M | $8.01M |
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Unit mix, closings, budgets, finishes and the team, against 70 Vestry and 160 Leroy, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed91% of the homes in Schedule A | 31 of 34 |
| Closing prices vs. Schedule A28 homes: $226,710,244 at closing against $258,125,000 in Schedule A (p. 50) | −12.2% |
| Closingsfirst and latest recorded | Apr 16, 2018 – Aug 3, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Jun 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 31 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 38B | Apr 16, 2018 | $7,550,000 | $7,850,000 p. 50 | −3.8% |
| 47B | Jun 20, 2018 | $4,862,144 | $4,175,000 p. 50 | +16.5% |
| 44A | Oct 22, 2018 | $7,142,600 | $8,800,000 p. 50 | −18.8% |
| 44B | Oct 22, 2018 | $3,018,000 | $3,875,000 p. 50 | −22.1% |
| 34B | Nov 8, 2018 | $6,100,000 | $7,450,000 p. 50 | −18.1% |
| 32A | Feb 21, 2019 | $8,000,000 | $9,575,000 p. 50 | −16.4% |
| 41A | May 31, 2019 | $9,300,000 | $10,475,000 p. 50 | −11.2% |
| 40A | Jun 18, 2019 | $18,000,000 | $10,975,000 p. 50 | +64% |
| 37A | Jun 27, 2019 | $16,200,000 | $10,675,000 p. 50 | +51.8% |
| 45B | Jun 28, 2019 | $2,500,000 | $3,975,000 p. 50 | −37.1% |
| 34A | Dec 30, 2019 | $6,750,000 | $9,775,000 p. 50 | −30.9% |
| 31A | Apr 10, 2020 | $16,000,000 | $26,400,000 p. 50 | −39.4% |
| 32B | Apr 29, 2020 | $4,950,000 | $7,250,000 p. 50 | −31.7% |
| 41B | May 5, 2020 | $5,680,000 | $8,150,000 p. 50 | −30.3% |
| 35B | Jun 5, 2020 | $5,400,000 | $7,550,000 p. 50 | −28.5% |
| 46B | Nov 10, 2020 | $2,500,000 | $4,075,000 p. 50 | −38.7% |
| 35A | Dec 30, 2020 | $6,500,000 | $9,875,000 p. 50 | −34.2% |
| 45A | Jan 22, 2021 | $5,500,000 | $8,900,000 p. 50 | −38.2% |
| 36A | Feb 9, 2021 | $6,950,000 | $9,975,000 p. 50 | −30.3% |
| 29B | Feb 12, 2021 | $13,500,000 | — | — |
| 39A | Mar 10, 2021 | $6,800,000 | $10,275,000 p. 50 | −33.8% |
| 46A | Mar 17, 2021 | $5,675,000 | $9,000,000 p. 50 | −36.9% |
| 33A | Mar 18, 2021 | $6,400,000 | $9,675,000 p. 50 | −33.9% |
| 47A | Apr 1, 2021 | $6,025,000 | $9,100,000 p. 50 | −33.8% |
| 38A | Jun 4, 2021 | $7,000,000 | $10,175,000 p. 50 | −31.2% |
| 43A | Jun 15, 2021 | $11,407,500 | $15,675,000 p. 50 | −27.2% |
| 39B | Aug 23, 2021 | $5,300,000 | $7,950,000 p. 50 | −33.3% |
| 33B | Oct 29, 2021 | $5,200,000 | $7,350,000 p. 50 | −29.3% |
| 29A | Jun 15, 2022 | $19,500,000 | — | — |
| 49A | Aug 3, 2023 | $30,000,000 | $9,150,000 p. 50 | +227.9% |
| 50A | Aug 3, 2023 | $30,000,000 | — | — |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Woolworth 100 Owner LLC
- Developers
- Alchemy Properties Inc., Spire Overseas LLC
- Principals
- Kenneth S. Hom
- Tax estimate
- Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection
- Construction lender
- HSBC Bank
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 30 Park Place, Four Seasons Private Residences New York Downtownnext door · 157 units · 2014
- Iris Tribeca Condominiumnext door · 24 units · 2014
- 1 Park Row Condominiumnext door · 64 units · 2024
- Pearl On The Park Condominiumnext door · 31 units · 2017
- 25 Park Row Condominiumnext door · 110 units · 22 parking · 2018
- Tribeca East Condominium0.1 mi · 8 units · 2000