THE CONDO BOOK PROJECT

227 E. 67th Street Condominium

227 East 67th Street, Manhattan, NY 10065

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Overview

Units
5 residential
Subway
3 min walk to 72 St Q68 St-Hunter College 6, 5 min
Average $/sf
$2,542Homes in Schedule A, as first offered
Offering price
$28.5 million total

The sponsor of record is 227 E 67th Street Associates, LLC, represented by Golenbock, Eiseman, Assor, Bell & Peskoe LLP. The offering plan runs 246 pages. The nearest other condo plan on file is 219 East 67th Street Condominium, next door.

Plan CD160305 · Rehab · accepted Nov 18, 2016 · AG record ↗

Compare

FigureThis building1The Gianna25 units · 0.2 miaccepted 2017Park Mansion36 units · 0.7 miaccepted 2016
Common ChargesPer Square Foot / Month$1.25In line$1.42$0.98
Average Offering PricePer Apartment$5.7MBelow peers$5.95M$7.03M
Average PricePer Square Foot$2,542In line$3,076$2,281
Average Unit SizeSquare Feet2,242 SFIn line1,935 SF3,083 SF

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Unit mix, closings, budgets, finishes and the team, against The Gianna and Park Mansion, 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.

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
227 E 67th Street Associates, LLC
Tax estimate
Paul J. Korngold of Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection
Construction lender
Bank of Smithtown

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

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