THE CONDO BOOK PROJECT

Parker West Condominium

214 West 72nd Street, Manhattan, NY 10023

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Overview

Units
19 residential · 1 commercial
Subway
1 min walk to 72 St 1 2 366 St-Lincoln Center 1, 8 min
Principals
Charles Blaichman, Scott Shnay, Benjamin Kohn, David Manheimer, Steve Schwartz
Offering price
$30.6 million total

The sponsor of record is Aventis - 72nd LLC, represented by Getler, Gomes & Sutton, PC. The offering plan runs 399 pages. The sponsor has filed 14 amendments, the latest in May 2023. The nearest other condo plan on file is Residential Section Of 212 West 72nd Street Condominium, next door.

Plan CD190084 · New · accepted Jun 16, 2020 · AG record ↗

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FigureThis building1Manor82221 units · 1.6 miaccepted 2020Minuet315 units · 1.7 miaccepted 2020
Average Offering PricePer Apartment$3.07MIn line$3.33M$2.72M

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Unit mix, closings, budgets, finishes and the team, against Manor82 and Minuet, 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 A19 of 19
Closing prices vs. Schedule A17 homes: $44,498,320 at closing against $53,785,000 in Schedule A (p. 42)−17.3%
Closingsfirst and latest recordedDec 2, 2021 – Oct 30, 2023

Sales recorded with the Department of Finance (ACRIS) through Jul 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 19 closings
HomeRecordedClosing priceSchedule ADifference
3ADec 2, 2021$1,265,000$1,325,000 p. 42−4.5%
15Dec 3, 2021$2,990,000$3,180,000 p. 42−6%
3BDec 30, 2021$750,000$750,000 p. 420%
12Jan 3, 2022$2,825,000$3,110,000 p. 42−9.2%
16Jan 20, 2022$2,500,000$3,055,000 p. 42−18.2%
17Jan 20, 2022$2,400,000$2,920,000 p. 42−17.8%
14Jan 27, 2022$2,947,000$3,145,000 p. 42−6.3%
11Jan 31, 2022$2,950,000$3,050,000 p. 42−3.3%
2BFeb 3, 2022$1,375,000——
8Mar 21, 2022$2,685,000$2,920,000 p. 42−8%
10Apr 4, 2022$2,825,000$3,015,000 p. 42−6.3%
9Apr 8, 2022$2,700,000$2,955,000 p. 42−8.6%
7Apr 27, 2022$2,695,000$2,885,000 p. 42−6.6%
5May 27, 2022$2,540,000$2,825,000 p. 42−10.1%
6Jun 8, 2022$2,560,000$2,850,000 p. 42−10.2%
RETAug 30, 2022$1,030,250——
18Oct 4, 2022$2,480,000$2,950,000 p. 42−15.9%
PHAJun 12, 2023$3,886,320$6,350,000 p. 42−38.8%
PHBOct 30, 2023$3,500,000$6,500,000 p. 42−46.2%

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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
Aventis - 72nd LLC
Principals
Charles Blaichman, Scott Shnay, Benjamin Kohn, David Manheimer, Steve Schwartz
Tax estimate
Goldberg Weprin Finkel Goldstein LLPPrepared the first-year real estate tax projection
Construction lender
Popular Bank

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

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