Solita Condominium
221 Centre Street A/K/A 161 Grand Street, Manhattan, NY 10013
Overview
- Units
- 16 residential · 2 commercial
- Subway
- 3 min walk to Canal St 6 J N Q R W ZCanal St A C E, 9 min
- Principals
- Kin Chung Lam, Yuk Jin Lam
- Average $/sf
- $667Homes in Schedule A, as first offered
- Common charges
- $576–$2,300 a monthSponsor's first-year estimate in Schedule A, January 1, 2002 Through December 31, 2002
- Offering price
- $24.3 million total
- Floor plans
- Page 150 of the plan
The sponsor of record is Soho Grand Center, LLC, represented by Eial Girtz, Esq. The offering plan runs 240 pages. The sponsor has filed 6 amendments, the latest in August 2005. The nearest other condo plan on file is Machinery Exchange, next door.
Plan CD010088 · New · accepted Oct 5, 2001 · AG record ↗
Compare
| Figure | This building1 | Cooper Square226 units · 0.7 miaccepted 2000 | 1630 Madison311 units · 5.9 miaccepted 2002 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.43In line | $0.51 | $0.40 |
| Average Offering PricePer Apartment | $1.41MIn line | $2.68M | $248,082 |
| Average PricePer Square Foot | $667In line | $788 | $480 |
| Property TaxesPer Square Foot / Month | $0.71Highest | $0.45 | $0.07 |
| Average Unit SizeSquare Feet | 2,119 SFIn line | 3,398 SF | 516 SF |
Free Account
See the Full Comp
Unit mix, closings, budgets, finishes and the team, against Cooper Square and 1630 Madison, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 16 of 16 |
| Closing prices vs. Schedule A12 homes: $30,577,549 at closing against $15,575,000 in Schedule A (p. 15) | +96.3% |
| Average closing price12 homes, on their Schedule A square feet | $1,325 / SF |
| Closingsfirst and latest recorded | Aug 26, 2002 – Aug 27, 2021 |
Sales recorded with the Department of Finance (ACRIS) through Mar 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 17 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 7B | Aug 26, 2002 | $1,186,389 | $1,070,000 p. 15 | +10.9% |
| 2A | Jan 4, 2005 | $1,680,113 | $1,075,000 p. 15 | +56.3% |
| 6A | Feb 16, 2005 | $261,885 | $1,140,000 p. 15 | −77% |
| 5B | Jun 20, 2005 | $1,995,000 | $1,020,000 p. 15 | +95.6% |
| PHB | Aug 3, 2005 | $1,069,163 | $1,500,000 p. 15 | −28.7% |
| 9A | Sep 14, 2005 | $100,000 | — | — |
| 7A | Oct 12, 2005 | $2,600,000 | $1,170,000 p. 15 | +122.2% |
| 2B | Jul 13, 2007 | $2,200,000 | $975,000 p. 15 | +125.6% |
| COM-A | Sep 26, 2008 | $4,500,000 | — | — |
| COM-B | Sep 26, 2008 | $4,500,000 | — | — |
| 4B | Jun 25, 2009 | $1,710,000 | $995,000 p. 15 | +71.9% |
| 9B | Sep 7, 2012 | $2,500,000 | — | — |
| 8A | Sep 13, 2012 | $3,005,000 | — | — |
| 3A | Dec 2, 2015 | $3,400,000 | $1,050,000 p. 15 | +223.8% |
| 5A | May 7, 2018 | $3,400,000 | $1,110,000 p. 15 | +206.3% |
| 3B | Oct 1, 2019 | $2,575,000 | $970,000 p. 15 | +165.5% |
| PHA | Aug 27, 2021 | $8,500,000 | $3,500,000 p. 15 | +142.9% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Soho Grand Center, LLC
- Principals
- Kin Chung Lam, Yuk Jin Lam
- Counsel
- Eial Girtz, Esq
- Tax estimate
- Tuchman, Katz, Schwartz, Gelles, Korngold & Weiss, LLPPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Machinery Exchangenext door · 14 units · 2007
- 129 Lafayette St. Condominiumnext door · 27 units · 2001
- Grand Mulberrynext door · 20 units · 2021
- 133 Mulberry Street Condominiumnext door · 16 units · 2013
- 419-421 Broome Street Condominiumnext door · 4 units · 2010
- 175 Mulberry Condominiumnext door · 5 units · 2007