THE CONDO BOOK PROJECT

209 East 2nd Street Condominium

209 East 2nd Street, Manhattan, NY 10009

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Overview

Units
6 residential · 1 commercial
Subway
7 min walk to 2 Av FDelancey St-Essex St F J M Z, 8 min
Principals
Menachem Haimovich
Average $/sf
$1,077Homes in Schedule A, as first offered
Common charges
$1,498–$1,563 a monthSponsor's first-year estimate in Schedule A, first year of Condominium operation commencing Jan. 1, 2007
Offering price
$13 million total $7.97 million when first offered

The sponsor of record is Haimil Realty Corp., represented by D'Agostino, Levine, Landesman & Lederman LLP. The offering plan runs 266 pages. The sponsor has filed 12 amendments, the latest in May 2017. The nearest other condo plan on file is Carriage House Condominium, next door.

Plan CD060570 · New · accepted Feb 6, 2007 · AG record ↗

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FigureThis building147 Murray24 units · 1.5 miaccepted 2007331 East 8th35 units · 0.3 miaccepted 2005
Common ChargesPer Square Foot / Month$1.02Highest$0.44$0.53
Average Offering PricePer Apartment$1.59MIn line$3.26M$1.44M
Average PricePer Square Foot$1,077In line$1,258$823
Property TaxesPer Square Foot / Month$0.20In line$0.61$0.10
Average Unit SizeSquare Feet1,572 SFSmaller2,595 SF1,754 SF

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Unit mix, closings, budgets, finishes and the team, against 47 Murray and 331 East 8th, 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.

Closings Pro

Homes closed100% of the homes in Schedule A6 of 6
Closing prices vs. Schedule A5 homes: $8,787,498 at closing against $7,975,000 in Schedule A (p. 28)+10.2%
Average closing price6 homes, on their Schedule A square feet$1,071 / SF
Closingsfirst and latest recordedApr 1, 2008 – May 21, 2025

Sales recorded with the Department of Finance (ACRIS) through May 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 6 closings
HomeRecordedClosing priceSchedule ADifference
4Apr 1, 2008$1,685,204$1,595,000 p. 28+5.7%
6Apr 23, 2008$1,776,846$1,695,000 p. 28+4.8%
5Jul 10, 2008$1,781,938$1,645,000 p. 28+8.3%
2Jul 31, 2008$2,138,325$1,495,000 p. 28+43%
3Apr 28, 2010$1,405,185$1,545,000 p. 28−9%
7May 21, 2025$1,312,351——

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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.

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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
Haimil Realty Corp.
Principals
Menachem Haimovich
Tax estimate
Tuchman, Katz, Schwartz, Gelles, Korngold & Weiss, LLPPrepared the first-year real estate tax projection

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

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