THE CONDO BOOK PROJECT

Sebastian

214-216 W. 15th Street, Manhattan, NY 10011

Compare

Overview

Units
6 residential
Subway
2 min walk to 14 St/6 Av 1 2 3 F L M14 St/8 Av A C E L, 3 min
Developer
Holliswood Development, LLC
Principals
Dana Lowey Luttway, David Robbins
Average $/sf
$2,467Homes in Schedule A, as first offered
Common charges
$1,774–$3,519 a monthSponsor's first-year estimate in Schedule A, 1/1/2021-12/31/2021
Offering price
$41.9 million total

The sponsor of record is Chelsea15 Partners LLC, represented by Starr Associates LLP. The offering plan runs 414 pages. The sponsor has filed 2 amendments, the latest in October 2021. The nearest other condo plan on file is 211 West 14th Street Condominium, next door.

Plan CD190330 · New · accepted Apr 3, 2020 · AG record ↗

Compare

FigureThis building1Tribeca Heritage27 units · 1.5 miaccepted 2021Park House Chelsea310 units · 0.6 miaccepted 2020
Common ChargesPer Square Foot / Month$0.78Lowest$1.09$1.58
Average Offering PricePer Apartment$6.98MBelow peers$9M$7.63M
Average PricePer Square Foot$2,467Below peers$2,735$2,851
Property TaxesPer Square Foot / Month$1.21Lowest$1.57$1.53
Average Unit SizeSquare Feet2,831 SFIn line3,197 SF2,324 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Tribeca Heritage and Park House Chelsea, cited to the offering plans. No credit card required.

Create a free account
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 closed67% of the homes in Schedule A4 of 6
Closing prices vs. Schedule A4 homes: $12,108,049 at closing against $23,300,000 in Schedule A (p. 47)−48%
Average closing price4 homes, on their Schedule A square feet$1,221 / SF
Closingsfirst and latest recordedJul 18, 2024 – Feb 19, 2026

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 4 closings
HomeRecordedClosing priceSchedule ADifference
3AJul 18, 2024$2,700,000$5,400,000 p. 47−50%
4AOct 11, 2024$2,890,000$5,500,000 p. 47−47.5%
5AJun 30, 2025$3,018,049$5,600,000 p. 47−46.1%
1AFeb 19, 2026$3,500,000$6,800,000 p. 47−48.5%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
Chelsea15 Partners LLC
Developer
Holliswood Development, LLC
Principals
Dana Lowey Luttway, David Robbins
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Lindemann LLPPrepared the first-year real estate tax projection
Construction lender
Acf L3-S$9 million loan stated in the plan

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

Nearby