THE CONDO BOOK PROJECT

235 West 71st /Lucenia Condominium

235 West 71st Street, Manhattan, NY 10023

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Overview

Units
34 residential
Subway
2 min walk to 72 St 1 2 366 St-Lincoln Center 1, 8 min
Developer
Dominion Management Corp.
Principals
Bradley T. Rinzler, James K. Rinzler, Jerome Berman, Milton S. Rinzler, Ross Berman
Average $/sf
$1,928Homes in Schedule A, as first offered
Common charges
$809–$5,272 a monthSponsor's first-year estimate in Schedule A, -
Offering price
$82.2 million total

The sponsor of record is Ang 235 W 71 LLC, represented by Kaufman Friedman Plotnick & Grun, LLP. The offering plan runs 390 pages. The sponsor has filed 14 amendments, the latest in February 2018. The nearest other condo plan on file is Parker West Condominium, next door.

Plan CD060232 · Conversion · accepted Oct 1, 2007 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A25 of 25
Closing prices vs. Schedule A9 homes: $35,410,528 at closing against $45,894,000 in Schedule A (p. 37)−22.8%
Average closing price10 homes, on their Schedule A square feet$1,497 / SF
Closingsfirst and latest recordedJan 2, 2009 – Apr 17, 2023

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 26 closings
HomeRecordedClosing priceSchedule ADifference
7Jan 2, 2009$9,000,000——
6CFeb 2, 2009$2,985,509$3,800,000 p. 37−21.4%
STO4Feb 2, 2009$2,985,509——
8AAug 26, 2009$4,425,006$6,000,000 p. 37−26.2%
ST6Aug 26, 2009$4,425,006——
5AJan 4, 2010$4,806,000$2,350,000 p. 37+104.5%
ST5Jan 4, 2010$4,806,000——
6AJan 12, 2010$4,022,088$5,600,000 p. 37−28.2%
ST11Jan 12, 2010$4,022,088——
3May 13, 2010$6,458,463$10,600,000 p. 37−39.1%
4May 17, 2010$6,458,463$10,999,000 p. 37−41.3%
PHOct 6, 2011$9,850,000——
1CFeb 3, 2012$4,800,000$4,400,000 p. 37+9.1%
1BJul 26, 2012$860,000$995,000 p. 37−13.6%
2CJul 31, 2012$595,000$1,150,000 p. 37−48.3%
1AOct 26, 2012$865,513——
2ADec 20, 2012$1,350,000one deed, 5 homes$2,250,000 p. 37—
2BDec 20, 2012$1,350,000one deed, 5 homes$2,500,000 p. 37—
2DDec 20, 2012$1,350,000one deed, 5 homes$1,550,000 p. 37—
8CDec 20, 2012$1,350,000one deed, 5 homes$1,350,000 p. 37—
8DDec 20, 2012$1,350,000one deed, 5 homes$1,950,000 p. 37—
ST7Mar 15, 2013$29,000——
ST2Mar 19, 2013$42,588——
ST3May 8, 2013$32,955——
ST1Jun 14, 2013$37,500——
5Apr 17, 2023$8,700,000——

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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
Ang 235 W 71 LLC
Developer
Dominion Management Corp.
Principals
Bradley T. Rinzler, James K. Rinzler, Jerome Berman, Milton S. Rinzler, Ross Berman
Counsel
Kaufman Friedman Plotnick & Grun, LLP
Tax estimate
Goldberg Weprin & Ustin LLPPrepared the first-year real estate tax projection

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

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