THE CONDO BOOK PROJECT

211 West 14th Street Condominium

211 West 14th Street, Manhattan, NY 10011

Overview

Units
21 residential · 16 storage
Subway
1 min walk to 14 St/6 Av 1 2 3 F L M14 St/8 Av A C E L, 3 min
Developer
Adellco
Principals
Matthew Adell
Average $/sf
$2,577Homes in Schedule A, as first offered
Common charges
$1,410–$5,749 a monthSponsor's first-year estimate in Schedule A, October 1, 2016-September 30, 2017
Offering price
$76.8 million total

The sponsor of record is 211 West 14th Property Owner, LLC, represented by Starr Associates LLP. The offering plan runs 418 pages. The sponsor has filed 27 amendments, the latest in July 2024. The nearest other condo plan on file is Sebastian, next door.

Plan CD150049 · New · accepted Oct 27, 2015 · AG record ↗

Compare

FigureThis building132 East 1st231 units · 1.1 miaccepted 2016111 Leroy313 units · 0.7 miaccepted 2017
Common ChargesPer Square Foot / Month$2.04Highest$1.39$1.26
Average Offering PricePer Apartment$3.75MIn line$3.11M$5.65M
Average PricePer Square Foot$2,577Below peers$2,699$2,611
Property TaxesPer Square Foot / Month$0.36Lowest$1.06$0.67
Average Unit SizeSquare Feet1,454 SFIn line1,154 SF2,164 SF

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Unit mix, closings, budgets, finishes and the team, against 32 East 1st and 111 Leroy, 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 A21 of 21
Closing prices vs. Schedule A20 homes: $70,084,947 at closing against $72,540,000 in Schedule A (p. 44)−3.4%
Average closing price20 homes, on their Schedule A square feet$2,463 / SF
Closingsfirst and latest recordedJun 15, 2018 – Jun 16, 2025

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 2025: 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 23 closings
HomeRecordedClosing priceSchedule ADifference
2CJun 15, 2018$1,682,863$1,695,000 p. 44−0.7%
4BJun 21, 2018$3,052,409$3,125,000 p. 44−2.3%
4AJun 27, 2018$1,937,425$2,000,000 p. 44−3.1%
3AJun 28, 2018$2,013,794$1,975,000 p. 44+2%
4CJun 29, 2018$1,723,593$1,695,000 p. 44+1.7%
3CJul 18, 2018$1,705,569$1,675,000 p. 44+1.8%
9AAug 16, 2018$3,400,000$3,475,000 p. 44−2.2%
8AAug 20, 2018$3,505,600$3,400,000 p. 44+3.1%
10AAug 20, 2018$3,660,138$3,550,000 p. 44+3.1%
10BAug 21, 2018$3,540,000$3,550,000 p. 44−0.3%
8BAug 28, 2018$3,460,918$3,400,000 p. 44+1.8%
9BSep 26, 2018$3,500,000$3,475,000 p. 44+0.7%
6ANov 8, 2018$3,975,000$4,375,000 p. 44−9.1%
6BMar 20, 2019$3,026,953$3,225,000 p. 44−6.1%
7Apr 8, 2019$7,636,875$8,500,000 p. 44−10.2%
5AJun 3, 2019$3,850,000$4,275,000 p. 44−9.9%
PHJun 28, 2019$8,415,000$7,950,000 p. 44+5.8%
THAug 5, 2019$4,700,000——
2AAug 20, 2019$3,768,813$4,350,000 p. 44−13.4%
5BSep 20, 2019$2,945,000$3,175,000 p. 44−7.2%
3BOct 18, 2019$3,285,000$3,675,000 p. 44−10.6%
COJun 16, 2025$809,524——
RETJun 16, 2025$809,524——

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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
211 West 14th Property Owner, LLC
Developer
AdellcoReported by adellco.com
Principals
Matthew Adell
Tax estimate
Tuchman, Korngold, Weiss, Licbman & Gelles, LLPPrepared the first-year real estate tax projection
Construction lender
East West BankLender on the mortgage and building loan agreement recorded April 2016 in ACRIS; $42 million recorded

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

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