THE CONDO BOOK PROJECT

210 Bowery Condominium

210 Bowery Street, Manhattan, NY 10012

Overview

Units
7 residential · 1 commercial
Subway
3 min walk to Bowery J ZSpring St 6, 5 min
Developer
Acadia Realty Trust
Principals
Christopher Conlon, Jason Blacksberg, Jonathan W. Grisham
Offering price
$22.4 million total $23.6 million when first offered

The sponsor of record is 210 Bowery LLC, represented by D'Agostino, Levine, Landesman & Lederman, LLP. The sponsor has filed 9 amendments, the latest in July 2019. The nearest other condo plan on file is 202 Bowery Condominium, next door.

Plan CD150342 · New · accepted May 16, 2016 · AG record ↗

Compare

FigureThis building1Thirteen West26 units · 0.9 miaccepted 2016Thirteen East36 units · 0.9 miaccepted 2016
Average Offering PricePer Apartment$3.38MAbove peers$3.01M$3.01M

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Unit mix, closings, budgets, finishes and the team, against Thirteen West and Thirteen East, 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
210 Bowery LLC
Developer
Acadia Realty TrustReported by web.archive.org
Principals
Christopher Conlon, Jason Blacksberg, Jonathan W. Grisham
Tax estimate
Herman, Katz, Cangemi & Clyne, LLPPrepared the first-year real estate tax projection
Construction lender
Santander Bank

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

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