THE CONDO BOOK PROJECT

222 East Broadway Condominium

222 East Broadway, Manhattan, NY 10002

Overview

Units
60 residential
Subway
4 min walk to East Broadway FDelancey St-Essex St F J M Z, 8 min
Developer
Optimum Asset Management
Principals
Rodolfo Misitano, Wayne Heicklen
Average $/sf
$2,203Homes in Schedule A, as first offered
Offering price
$153.8 million total

The sponsor of record is 222 East Broadway Property Owner, LLC**, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 489 pages. The sponsor has filed 5 amendments, the latest in July 2026. The nearest other condo plan on file is 201 East Broadway Condominium, next door.

Plan CD210281 · New · accepted Aug 23, 2022 · AG record ↗

Compare

FigureThis building1The Edison Gramercy253 units · 1.5 miaccepted 2021Forena350 units · 1.7 miaccepted 2021
Common ChargesPer Square Foot / Month$1.79Highest$1.15$1.35
Average Offering PricePer Apartment$2.62MAbove peers$2.48M$2.54M
Average PricePer Square Foot$2,203Below peers$2,233$2,386
Average Unit SizeSquare Feet1,190 SFLarger1,111 SF1,063 SF

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Unit mix, closings, budgets, finishes and the team, against The Edison Gramercy and Forena, 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 closed32% of the homes in Schedule A19 of 60
Closing prices vs. Schedule A19 homes: $21,616,273 at closing against $29,920,000 in Schedule A (p. 51, p. 52)−27.8%
Average closing price19 homes, on their Schedule A square feet$1,427 / SF
Closingsfirst and latest recordedJan 17, 2025 – Jun 18, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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
3CJan 17, 2025$971,900$1,290,000 p. 52−24.7%
11AJan 17, 2025$995,000$1,130,000 p. 51−11.9%
2CFeb 21, 2025$995,000$1,275,000 p. 52−22%
5BFeb 21, 2025$785,000$1,025,000 p. 51−23.4%
3BFeb 28, 2025$730,000$975,000 p. 51−25.1%
2BMar 6, 2025$650,000$950,000 p. 51−31.6%
4BMar 6, 2025$700,000$1,000,000 p. 51−30%
12AMar 6, 2025$975,000$1,145,000 p. 51−14.8%
7BMar 24, 2025$1,460,000$1,875,000 p. 51−22.1%
10AJun 10, 2025$957,500$1,115,000 p. 51−14.1%
7COct 15, 2025$1,500,000$2,300,000 p. 52−34.8%
17BOct 24, 2025$1,570,000$2,400,000 p. 51−34.6%
15AOct 31, 2025$1,706,873$2,375,000 p. 51−28.1%
10CNov 20, 2025$947,000$1,365,000 p. 52−30.6%
19BJan 30, 2026$1,125,000$1,450,000 p. 51−22.4%
17AMar 30, 2026$1,665,000$2,425,000 p. 51−31.3%
9AApr 16, 2026$913,000$1,100,000 p. 51−17%
16BJun 12, 2026$1,500,000$2,375,000 p. 51−36.8%
15BJun 18, 2026$1,470,000$2,350,000 p. 51−37.4%

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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
222 East Broadway Property Owner, LLC**
Developer
Optimum Asset ManagementReported by nyrej.com
Principals
Rodolfo Misitano, Wayne Heicklen
Tax estimate
Korngold Powers LLPPrepared the first-year real estate tax projection
Construction lender
East Broadway Lender 1

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

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