THE CONDO BOOK PROJECT

Carnegie Park Condominium

200 East 94th Street, Manhattan, NY 10128

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Overview

Units
325 residential · 1 parking · 2 commercial
Subway
2 min walk to 96 St Q96 St 6, 5 min
Principals
Stephen M. Ross, Benjamin K. Joseph
Offering price
$433.9 million total $382 million when first offered

The sponsor of record is Cp 94th Street Associates, LLC, represented by Nixon Peabody, LLP. The offering plan runs 400 pages. The sponsor has filed 38 amendments, the latest in January 2023. The nearest other condo plan on file is Kent Condominium, next door.

Plan CD140124 · Conversion · accepted Dec 22, 2014 · AG record ↗

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FigureThis building1175 West 952229 units · 1.3 miaccepted 2014389 East 89th3199 units · 0.3 miaccepted 2015
Average Offering PricePer Apartment$1.18MIn line$1.01M$1.33M

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Unit mix, closings, budgets, finishes and the team, against 175 West 95 and 389 East 89th, 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
Cp 94th Street Associates, LLC
Principals
Stephen M. Ross, Benjamin K. Joseph
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
New York City Housing Development Corporation$66.8 million loan stated in the plan

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

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