Solaire
20 River Terrace, Manhattan, NY 10282
Overview
- Units
- 290 residential · 1 parking
- Subway
- 8 min walk to WTC Cortlandt 1Chambers St 1 2 3, 9 min
- Developers
- Albanese Organization, Inc., Albanese BPC, LLC, NM Green, LLC, NML Real Estate Holdings, LLC
- Principals
- Christopher V. Albanese, Russell C. Albanese
- Offering price
- $485.5 million total $18 million when first offered
- Floor plans
- Page 51 of the plan
The sponsor of record is River Terrace Associates, LLC**, represented by Seiden & Schein, P.C.. The offering plan runs 887 pages. The sponsor has filed 20 amendments, the latest in June 2026. The nearest other condo plan on file is River And Warren Condominium, next door.
Plan CD180194 · Conversion · accepted Sep 17, 2021 · AG record ↗
Compare
| Figure | This building1 | Broad Exchange Building2308 units · 0.8 miaccepted 2019 | Fifth Avenue3150 units · 6.6 miaccepted 2018 |
|---|---|---|---|
| Average Offering PricePer Apartment | $62,047Lowest | $1.28M | $1.07M |
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Unit mix, closings, budgets, finishes and the team, against Broad Exchange Building and Fifth Avenue, 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.
Closings Pro
| Homes closed2% of the homes in the plan | 5 of 290 |
| Closingsfirst and latest recorded | Oct 22, 2021 – Aug 31, 2023 |
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 5 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 8-C | Oct 22, 2021 | $1,105,000 | — | — |
| 15-K | Jan 28, 2022 | $618,000 | — | — |
| 17-D | May 23, 2022 | $1,500,000 | — | — |
| 17-J | May 9, 2023 | $570,000 | — | — |
| 17-B | Aug 31, 2023 | $600,000 | — | — |
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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
- River Terrace Associates, LLC**
- Developers
- Albanese Organization, Inc., Albanese BPC, LLC, NM Green, LLC, NML Real Estate Holdings, LLC
- Principals
- Christopher V. Albanese, Russell C. Albanese
- Counsel
- Seiden & Schein, P.C.
- Tax estimate
- Metropolitan Valuation Services, Inc.Prepared the first-year real estate tax projection
- Construction lender
- New York State Housing Finance Agency$116.5 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- River And Warren Condominiumnext door · 324 units · 2014
- Liberty Luxe Condominiumnext door · 280 units · 2009
- Liberty Green Condominiumnext door · 191 units · 2009
- 200 Chambers Street Condominium0.2 mi · 258 units · 1 parking · 2005
- 111 Murray Street Condominium0.2 mi · 157 units · 2015
- Warren Street Condominium0.2 mi · 228 units · 1 parking · 2006