THE CONDO BOOK PROJECT

211 East 51st Street Condo

211 East 51st Street, Manhattan, NY 10022

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Overview

Units
73 residential · 34 storage · 3 commercial
Subway
2 min walk to Lexington Av/51-53 Sts 6 E F MGrand Central-42 St 4 5 6 7 S, 11 min
Developer
H. Justin Realty Services, LLC
Principals
Henry J. Justin
Average $/sf
$1,312Homes in Schedule A, as first offered
Common charges
$380–$1,991 a monthSponsor's first-year estimate in Schedule A, January 1, 2008 to December 31, 2008
Offering price
$90 million total

The sponsor of record is Hj Owners, LLC, represented by Belkin Burden Wenig & Goldman, LLP. The offering plan runs 417 pages. The sponsor has filed 14 amendments, the latest in December 2011. The nearest other condo plan on file is Pantheon Condominium, next door.

Plan CD070495 · Rehab · accepted Jan 29, 2008 · AG record ↗

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FigureThis building1Morgan Park293 units · 0.8 miaccepted 2006801 Riverside348 units · 5.6 miaccepted 2006
Common ChargesPer Square Foot / Month$0.76In line$0.85$0.71
Average Offering PricePer Apartment$1.12MHighest$601,934$548,417
Average PricePer Square Foot$1,312Highest$814$637
Property TaxesPer Square Foot / Month$0.59Above peers$0.55$0.17
Average Unit SizeSquare Feet856 SFIn line737 SF861 SF

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Unit mix, closings, budgets, finishes and the team, against Morgan Park and 801 Riverside, 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 A73 of 73
Closing prices vs. Schedule A68 homes: $76,943,456 at closing against $77,060,000 in Schedule A (p. 40)−0.2%
Average closing price68 homes, on their Schedule A square feet$1,317 / SF
Closingsfirst and latest recordedJul 29, 2008 – Mar 10, 2025

Sales recorded with the Department of Finance (ACRIS) through Sep 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 100 closings
HomeRecordedClosing priceSchedule ADifference
4FJul 29, 2008$997,885$985,000 p. 40+1.3%
2DJul 31, 2008$595,676$805,000 p. 40−26%
4BJul 31, 2008$992,794$1,010,000 p. 40−1.7%
5DAug 4, 2008$641,498$660,000 p. 40−2.8%
10CAug 4, 2008$773,870$795,000 p. 40−2.7%
3CAug 6, 2008$702,593$695,000 p. 40+1.1%
5CAug 7, 2008$753,505$730,000 p. 40+3.2%
4DAug 11, 2008$661,863$650,000 p. 40+1.8%
8DAug 11, 2008$697,501$695,000 p. 40+0.4%
3DAug 20, 2008$621,133$620,000 p. 40+0.2%
5ESep 2, 2008$2,571,081$1,555,000 p. 40+65.3%
4ESep 3, 2008$1,501,919$1,530,000 p. 40−1.8%
11DSep 3, 2008$1,781,938$1,800,000 p. 40−1%
2CSep 11, 2008$700,556$688,000 p. 40+1.8%
3BSep 15, 2008$987,703$965,000 p. 40+2.4%
9COct 2, 2008$772,688$785,000 p. 40−1.6%
11COct 2, 2008$1,349,628$1,350,000 p. 40−0%
12DOct 10, 2008$1,659,748$1,535,000 p. 40+8.1%
STO13Oct 10, 2008$1,659,748——
6DJan 27, 2009$626,224$670,000 p. 40−6.5%
6EFeb 17, 2009$1,323,725$1,580,000 p. 40−16.2%
9EMar 20, 2009$1,501,919$1,660,000 p. 40−9.5%
STO12Mar 20, 2009$1,501,919——
STO34Mar 30, 2009$18,072——
10DMay 19, 2009$661,863$720,000 p. 40−8.1%
10GJun 12, 2009$933,735$1,144,000 p. 40−18.4%
12CJun 29, 2009$1,069,163$1,075,000 p. 40−0.5%
8CJul 14, 2009$722,958$775,000 p. 40−6.7%
STO29Jul 14, 2009$722,958——
PHAOct 12, 2009$2,036,500$2,500,000 p. 40−18.5%
2EOct 16, 2009$1,272,813$1,425,000 p. 40−10.7%
7EOct 23, 2009$1,323,725$1,605,000 p. 40−17.5%
STO6Oct 23, 2009$1,323,725——
2ANov 13, 2009$757,456——
STO30Nov 13, 2009$757,456——
9GDec 3, 2009$952,064$1,125,000 p. 40−15.4%
11BDec 7, 2009$1,400,094$1,700,000 p. 40−17.6%
12BDec 7, 2009$1,349,181$1,475,000 p. 40−8.5%
STO24Dec 7, 2009$1,400,094——
9ADec 22, 2009$773,870$899,000 p. 40−13.9%
7AJan 6, 2010$753,505$865,000 p. 40−12.9%
STO22Jan 6, 2010$753,505——
9DJan 28, 2010$651,680$705,000 p. 40−7.6%
11AFeb 1, 2010$1,476,463$1,725,000 p. 40−14.4%
STO20Feb 1, 2010$1,476,463——
CU2Feb 24, 2010$1,905,963——
6CApr 22, 2010$700,000$735,000 p. 40−4.8%
10AMay 10, 2010$784,053$910,000 p. 40−13.8%
10EMay 11, 2010$1,476,463$1,685,000 p. 40−12.4%
4AMay 25, 2010$758,596$850,000 p. 40−10.8%
2BJun 17, 2010$957,155$955,000 p. 40+0.2%
9FAug 24, 2010$957,155$1,085,000 p. 40−11.8%
7CAug 31, 2010$743,323$740,000 p. 40+0.4%
6GSep 8, 2010$967,338$1,030,000 p. 40−6.1%
4CSep 14, 2010$712,775$725,000 p. 40−1.7%
7DOct 7, 2010$666,954$685,000 p. 40−2.6%
2GOct 13, 2010$957,155$955,000 p. 40+0.2%
10FNov 19, 2010$997,885$1,110,000 p. 40−10.1%
STO26Nov 19, 2010$997,885——
5ADec 7, 2010$784,053$855,000 p. 40−8.3%
8FDec 21, 2010$2,013,589$1,070,000 p. 40+88.2%
6AMar 8, 2011$1,776,846$860,000 p. 40+106.6%
7GApr 15, 2011$985,000$1,060,000 p. 40−7.1%
8EMay 17, 2011$1,460,000$1,630,000 p. 40−10.4%
7FJun 15, 2011$977,520$1,045,000 p. 40−6.5%
6FJul 13, 2011$997,885$1,025,000 p. 40−2.6%
STO14Jul 13, 2011$997,885——
10BSep 9, 2011$992,794$1,144,000 p. 40−13.2%
5FOct 19, 2011$982,611$1,005,000 p. 40−2.2%
STO15Oct 19, 2011$982,611——
9BNov 7, 2011$992,794$1,125,000 p. 40−11.8%
STO17Nov 7, 2011$992,794——
3FDec 7, 2011$982,611$940,000 p. 40+4.5%
STO28Dec 7, 2011$982,611——
4GDec 22, 2011$982,611$1,010,000 p. 40−2.7%
CU1Feb 21, 2012$2,008,988——
3EMar 15, 2012$2,469,256$1,450,000 p. 40+70.3%
8BMar 15, 2012$997,885$1,100,000 p. 40−9.3%
ST03Mar 15, 2012$997,885——
8AApr 17, 2012$775,000$895,000 p. 40−13.4%
12AApr 26, 2012$1,417,821$1,575,000 p. 40−10%
STO18Apr 26, 2012$1,417,821——
7BJun 6, 2012$997,885$1,060,000 p. 40−5.9%
STO23Jun 6, 2012$997,885——
2FJun 13, 2012$972,429$915,000 p. 40+6.3%
STO7Jun 13, 2012$972,429——
3AJun 25, 2012$789,144$810,000 p. 40−2.6%
STO8Jun 25, 2012$789,144——
CU3Sep 13, 2012$2,008,988——
PHBMay 1, 2013$5,398,819$4,500,000 p. 40+20%
CU4Mar 12, 2014$50,913——
STO11Aug 7, 2015$1,995,000——
STO9Apr 21, 2017$30,000——
6ABJul 16, 2018$2,075,000——
STO 16Jul 1, 2020$15,000——
STO31Oct 20, 2022$851,000——
ST04Jun 29, 2023$945,000——
5BOct 15, 2024$925,000$1,020,000 p. 40−9.3%
3EGFeb 13, 2025$2,432,000——
5EGMar 10, 2025$3,895,000——

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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
Hj Owners, LLC
Developer
H. Justin Realty Services, LLC
Principals
Henry J. Justin
Tax estimate
Marcus & Pollack, LLPPrepared the first-year real estate tax projection
Construction lender
Arbor Realty TrustLender on the mortgage and building loan agreement recorded May 2007 in ACRIS; $70 million recorded

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

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