THE CONDO BOOK PROJECT

213 23rd Street Condominium

213 West 23rd Street, Manhattan, NY 10018

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Overview

Units
12 residential · 2 commercial
Subway
1 min walk to 23 St 123 St C E, 3 min
Principals
Mitchell Marks
Common charges
$750–$1,500 a monthSponsor's first-year estimate in Schedule A, October, 2004
Offering price
$48.5 million total

The sponsor of record is 213 West 23rd Street Group, LLC, represented by Goldberg Weprin Finkel Goldstein LLP. The offering plan runs 322 pages. The sponsor has filed 4 amendments, the latest in September 2005. The nearest other condo plan on file is Chelsea Royale Condominium, next door.

Plan CD030296 · New · accepted Jun 28, 2004 · AG record ↗

Compare

FigureThis building1Altair 20 (15 West 20th Street Condominium)217 units · 0.4 miaccepted 200588 Washington Place314 units · 0.9 miaccepted 2005
Average Offering PricePer Apartment$3.88MHighest$2.64M$2.02M

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Unit mix, closings, budgets, finishes and the team, against Altair 20 (15 West 20th Street Condominium) and 88 Washington Place, 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 A12 of 12
Closing prices vs. Schedule A12 homes: $25,901,728 at closing against $46,500,000 in Schedule A (p. 24)−44.3%
Closingsfirst and latest recordedOct 10, 2005 – Dec 30, 2005

Sales recorded with the Department of Finance (ACRIS) through Jan 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 12 closings
HomeRecordedClosing priceSchedule ADifference
6NOct 10, 2005$2,192,000$3,300,000 p. 24−33.6%
5NOct 27, 2005$2,749,275$3,300,000 p. 24−16.7%
4NNov 2, 2005$1,700,000$3,300,000 p. 24−48.5%
7SNov 2, 2005$3,258,400$3,300,000 p. 24−1.3%
8SNov 7, 2005$1,973,869$3,300,000 p. 24−40.2%
5SNov 15, 2005$2,095,036$3,300,000 p. 24−36.5%
3NNov 30, 2005$2,267,500$3,300,000 p. 24−31.3%
3SNov 30, 2005$3,049,659$3,300,000 p. 24−7.6%
4SDec 1, 2005$1,700,000$3,300,000 p. 24−48.5%
PHDec 1, 2005$105,451$6,900,000 p. 24−98.5%
6SDec 19, 2005$1,510,538$3,300,000 p. 24−54.2%
7/8NDec 30, 2005$3,300,000$6,600,000 p. 24−50%

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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
213 West 23rd Street Group, LLC
Principals
Mitchell Marks
Tax estimate
Podell Schwartz Schechter & Banfield, LLPPrepared the first-year real estate tax projection
Construction lender
Emigrant SecuritiesLender on the mortgage and building loan agreement recorded October 2003 in ACRIS; $9.23 million recorded

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

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