THE CONDO BOOK PROJECT

Park Imperial

230 West 56th Street, Manhattan, NY 10019

Overview

Units
111 residential
Subway
2 min walk to 57 St-7 Av N Q R W59 St-Columbus Circle 1 A B C D, 3 min
Principals
Jeff T. Blau, Stephen M. Ross, David J. Wine
Average $/sf
$1,025Homes in Schedule A, as first offered
Common charges
$636–$2,393 a monthSponsor's first-year estimate in Schedule A, September 1, 2002
Offering price
$186 million total

The sponsor of record is 56th Street Associates L.L.C., represented by Stroock & Stroock & Lavan LLP. The offering plan runs 639 pages. The sponsor has filed 1 amendment, the latest in October 2000. The nearest other condo plan on file is 245 W 55 Condominium, next door.

Plan CD000103 · New · accepted Oct 25, 2000 · AG record ↗

Compare

FigureThis building121 Astor Place250 units · 2.5 miaccepted 2003Porter House322 units · 2 miaccepted 2003
Average Offering PricePer Apartment$1.68MAbove peers$1.61M$1.33M

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 21 Astor Place and Porter House, 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 closed94% of the homes in Schedule A104 of 111
Closing prices vs. Schedule A104 homes: $208,747,286 at closing against $171,390,000 in Schedule A (p. 70, p. 71, p. 72, p. 73)+21.8%
Average closing price104 homes, on their Schedule A square feet$1,244 / SF
Closingsfirst and latest recordedJun 6, 2001 – Nov 17, 2022

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 104 closings
HomeRecordedClosing priceSchedule ADifference
64 AJun 6, 2001$8,561,378$2,800,000 p. 72+205.8%
49 DMar 3, 2003$728,049$650,000 p. 70+12%
50 AMar 5, 2003$2,036,500$1,820,000 p. 70+11.9%
49 BMar 7, 2003$1,114,984$1,085,000 p. 70+2.8%
51 BMar 13, 2003$1,160,805$1,105,000 p. 70+5.1%
50 BMar 14, 2003$1,232,083$1,095,000 p. 70+12.5%
50 FMar 17, 2003$1,369,546$1,185,000 p. 70+15.6%
51 AMar 17, 2003$2,011,044$1,845,000 p. 70+9%
51 DMar 21, 2003$717,866$670,000 p. 70+7.1%
54 BMar 28, 2003$1,313,543$1,135,000 p. 71+15.7%
51 EApr 1, 2003$972,429$920,000 p. 70+5.7%
51 FApr 2, 2003$1,237,174$1,195,000 p. 70+3.5%
52 EApr 2, 2003$1,114,984$930,000 p. 70+19.9%
53 EApr 2, 2003$1,018,250$940,000 p. 70+8.3%
54 FApr 3, 2003$1,344,090$1,275,000 p. 71+5.4%
52 FApr 4, 2003$1,237,174$1,205,000 p. 70+2.7%
55 AApr 4, 2003$2,265,606$1,945,000 p. 71+16.5%
55 BApr 7, 2003$1,456,098$1,145,000 p. 71+27.2%
49 FApr 10, 2003$1,216,809$1,175,000 p. 70+3.6%
53 FApr 11, 2003$1,349,181$1,265,000 p. 71+6.7%
54 AApr 11, 2003$2,138,325$1,920,000 p. 71+11.4%
56 BApr 11, 2003$1,466,280$1,155,000 p. 71+27%
55 EApr 14, 2003$1,079,345$960,000 p. 71+12.4%
52 BApr 18, 2003$1,160,550$1,115,000 p. 70+4.1%
57 BApr 21, 2003$1,461,189$1,355,000 p. 71+7.8%
55 FApr 25, 2003$1,420,459$1,285,000 p. 71+10.5%
55 DApr 28, 2003$758,596$710,000 p. 71+6.8%
56 DApr 29, 2003$778,961$720,000 p. 71+8.2%
49 AApr 30, 2003$1,822,311$1,795,000 p. 70+1.5%
54 DApr 30, 2003$748,414$700,000 p. 71+6.9%
55 CApr 30, 2003$1,425,550$1,335,000 p. 71+6.8%
54 CMay 1, 2003$1,405,185$1,325,000 p. 71+6.1%
59 DMay 1, 2003$1,761,573$1,495,000 p. 71+17.8%
60 AMay 1, 2003$4,566,851$3,900,000 p. 71+17.1%
60 BMay 1, 2003$1,471,371$1,385,000 p. 71+6.2%
54 EMay 2, 2003$1,338,999$950,000 p. 71+40.9%
59 BMay 2, 2003$1,481,554$1,375,000 p. 71+7.7%
60 CMay 5, 2003$1,929,584$1,710,000 p. 71+12.8%
60 DMay 6, 2003$1,740,000$1,505,000 p. 71+15.6%
59 CMay 7, 2003$1,909,219$1,690,000 p. 71+13%
58 AMay 8, 2003$4,079,790$3,800,000 p. 71+7.4%
58 BMay 8, 2003$1,468,106$1,365,000 p. 71+7.6%
58 DMay 12, 2003$1,522,284$1,485,000 p. 71+2.5%
61 CMay 13, 2003$2,000,861$1,730,000 p. 72+15.7%
49 CMay 14, 2003$1,308,451$1,275,000 p. 70+2.6%
57 DMay 14, 2003$1,512,101$1,475,000 p. 71+2.5%
56 EMay 16, 2003$1,089,528$970,000 p. 71+12.3%
62 BMay 19, 2003$1,568,105$1,405,000 p. 72+11.6%
63 BMay 19, 2003$1,741,208$1,700,000 p. 72+2.4%
61 BMay 21, 2003$1,501,919$1,395,000 p. 72+7.7%
65 BMay 23, 2003$1,832,850$1,750,000 p. 72+4.7%
61 DMay 28, 2003$1,781,938$1,515,000 p. 72+17.6%
66 AMay 28, 2003$3,039,476$2,900,000 p. 72+4.8%
56 FMay 29, 2003$1,348,978$1,295,000 p. 71+4.2%
52 CJun 2, 2003$1,401,140$1,305,000 p. 70+7.4%
52 DJun 2, 2003$736,629$680,000 p. 70+8.3%
63 AJun 4, 2003$2,810,370$2,750,000 p. 72+2.2%
65 AJun 6, 2003$3,229,834$2,850,000 p. 72+13.3%
67 DJun 6, 2003$2,998,746$2,625,000 p. 72+14.2%
63 DJun 10, 2003$2,479,439$2,425,000 p. 72+2.2%
49 EJun 11, 2003$926,608$900,000 p. 70+3%
56 CJun 13, 2003$1,435,733$1,345,000 p. 71+6.7%
57 AJun 16, 2003$4,276,650$3,750,000 p. 71+14%
62 CJun 18, 2003$2,545,625$1,750,000 p. 72+45.5%
66 DJun 19, 2003$2,896,921$2,575,000 p. 72+12.5%
67 AJun 19, 2003$3,243,126$2,950,000 p. 72+9.9%
67 BJun 19, 2003$2,000,861$1,800,000 p. 72+11.2%
63 CJun 24, 2003$1,359,364$1,150,000 p. 72+18.2%
68 CJun 25, 2003$1,512,101$1,250,000 p. 72+21%
68 DJul 11, 2003$2,998,746$2,675,000 p. 72+12.1%
69 CJul 11, 2003$1,746,299$1,270,000 p. 72+37.5%
68 BJul 14, 2003$2,153,599$1,825,000 p. 72+18%
69 AJul 14, 2003$3,675,883$3,050,000 p. 72+20.5%
51 CJul 15, 2003$1,354,273$1,295,000 p. 70+4.6%
68 AJul 16, 2003$3,563,875$3,000,000 p. 72+18.8%
53 CJul 17, 2003$1,395,003$1,315,000 p. 70+6.1%
66 BJul 24, 2003$1,842,065$1,775,000 p. 72+3.8%
50 DJul 28, 2003$672,045$660,000 p. 70+1.8%
56 AJul 28, 2003$2,005,953$1,970,000 p. 71+1.8%
69 BJul 29, 2003$2,179,055$1,850,000 p. 72+17.8%
48 BAug 21, 2003$1,252,448$1,075,000 p. 70+16.5%
48 CAug 25, 2003$1,868,489$1,525,000 p. 70+22.5%
PH BAug 27, 2003$2,540,534$1,975,000 p. 73+28.6%
65 CAug 29, 2003$1,175,366$1,190,000 p. 72−1.2%
PH ASep 3, 2003$3,207,488$3,150,000 p. 73+1.8%
48 DSep 8, 2003$977,520$850,000 p. 70+15%
50 CSep 15, 2003$1,240,432$1,285,000 p. 70−3.5%
PH CSep 16, 2003$1,929,584$1,475,000 p. 73+30.8%
69 DSep 23, 2003$3,456,959$2,725,000 p. 73+26.9%
57 CSep 25, 2003$2,138,325$1,650,000 p. 71+29.6%
48 ENov 3, 2003$1,415,368$1,250,000 p. 70+13.2%
48 FNov 13, 2003$1,797,211$1,600,000 p. 70+12.3%
53 DDec 15, 2003$840,056$690,000 p. 70+21.7%
61 ADec 24, 2003$3,563,875$3,950,000 p. 72−9.8%
53 AMar 17, 2004$2,392,888$1,895,000 p. 70+26.3%
59 AMar 25, 2004$4,582,125$3,850,000 p. 71+19%
52 AMay 12, 2004$2,316,519$1,870,000 p. 70+23.9%
PH 1AMay 14, 2004$329,950$500,000 p. 73−34%
48 AMay 25, 2004$2,494,713$2,350,000 p. 70+6.2%
66 CJun 2, 2005$2,800,000$1,210,000 p. 72+131.4%
PH DJul 28, 2009$8,175,000$3,000,000 p. 73+172.5%
53 BJan 16, 2013$2,995,000$1,125,000 p. 70+166.2%
50 EJan 7, 2014$2,725,000$910,000 p. 70+199.5%
58 CNov 17, 2022$3,975,000$1,670,000 p. 71+138%

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
56th Street Associates L.L.C.
Principals
Jeff T. Blau, Stephen M. Ross, David J. Wine
Tax estimate
Law Offices of Robert M. PollackPrepared the first-year real estate tax projection

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

Nearby