32 East 1st Street Condominium
24 Second Avenue, Manhattan, NY 10003
Overview
- Units
- 31 residential · 1 commercial
- Subway
- 1 min walk to 2 Av FBroadway-Lafayette St/Bleecker St 6 B D F M, 5 min
- Developer
- AORE Holdings, LLC
- Principals
- Moshe Azogui, Yan Ouaknine
- Average $/sf
- $2,699Homes in Schedule A, as first offered
- Common charges
- $605–$4,837 a monthSponsor's first-year estimate in Schedule A, September 1, 2017 – August 31, 2018
- Offering price
- $126.1 million total
- Floor plans
- Pages 274–275 of the plan
The sponsor of record is 24 Second Avenue Owner LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 398 pages. The sponsor has filed 13 amendments, the latest in November 2021. The nearest other condo plan on file is Treetop Condominium, next door.
Plan CD160149 · New · accepted Oct 19, 2016 · AG record ↗
Compare
| Figure | This building1 | 75 Kenmare238 units · 0.4 miaccepted 2017 | 287/Les328 units · 0.4 miaccepted 2016 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.39In line | $1.12 | $1.66 |
| Average Offering PricePer Apartment | $3.11MIn line | $3.68M | $1.96M |
| Average PricePer Square Foot | $2,699In line | $3,287 | $2,090 |
| Property TaxesPer Square Foot / Month | $1.06Above peers | $0.87 | $0.98 |
| Average Unit SizeSquare Feet | 1,154 SFLarger | 1,119 SF | 938 SF |
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Unit mix, closings, budgets, finishes and the team, against 75 Kenmare and 287/Les, 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 closed97% of the homes in Schedule A | 30 of 31 |
| Closing prices vs. Schedule A30 homes: $91,209,922 at closing against $94,960,000 in Schedule A (p. 59) | −3.9% |
| Average closing price30 homes, on their Schedule A square feet | $2,591 / SF |
| Closingsfirst and latest recorded | Mar 29, 2019 – Dec 14, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 30 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| Apt 3E | Mar 29, 2019 | $995,000 | $1,125,000 p. 59 | −11.6% |
| Apt 6C | Apr 5, 2019 | $3,614,788 | $4,050,000 p. 59 | −10.7% |
| Apt 5E | Apr 15, 2019 | $1,198,357 | $1,225,000 p. 59 | −2.2% |
| Apt 3B | Apr 22, 2019 | $1,475,000 | $1,425,000 p. 59 | +3.5% |
| Apt 3A | May 3, 2019 | $2,966,381 | $2,900,000 p. 59 | +2.3% |
| Apt 4B | May 3, 2019 | $1,501,919 | $1,475,000 p. 59 | +1.8% |
| Apt 5B | May 6, 2019 | $1,552,831 | $1,525,000 p. 59 | +1.8% |
| Apt 2A | May 7, 2019 | $2,838,000 | $2,900,000 p. 59 | −2.1% |
| Apt 5C | May 14, 2019 | $3,835,000 | $3,885,000 p. 59 | −1.3% |
| Apt 4A | May 17, 2019 | $2,975,000 | $2,975,000 p. 59 | 0% |
| Apt 3C | May 20, 2019 | $3,650,000 | $3,700,000 p. 59 | −1.4% |
| Apt 7A | May 30, 2019 | $3,517,545 | $3,525,000 p. 59 | −0.2% |
| Apt 2B | Jun 11, 2019 | $1,450,000 | $1,375,000 p. 59 | +5.5% |
| Apt 7D | Jun 12, 2019 | $2,952,925 | $3,000,000 p. 59 | −1.6% |
| Penthouse 8A | Jun 26, 2019 | $5,956,763 | $5,850,000 p. 59 | +1.8% |
| Apt 5A | Sep 16, 2019 | $2,950,000 | $3,050,000 p. 59 | −3.3% |
| Apt 6A | Sep 17, 2019 | $4,327,563 | $2,750,000 p. 59 | +57.4% |
| Apt 6E | Oct 1, 2019 | $1,237,174 | $1,300,000 p. 59 | −4.8% |
| Apt 4E | Dec 27, 2019 | $1,100,000 | $1,175,000 p. 59 | −6.4% |
| Apt 4C | Oct 28, 2020 | $3,420,550 | $3,775,000 p. 59 | −9.4% |
| Apt 3D | Feb 8, 2021 | $2,250,000 | $2,625,000 p. 59 | −14.3% |
| Apt 7C | Apr 21, 2021 | $3,995,000 | $4,200,000 p. 59 | −4.9% |
| Apt 4D | May 4, 2021 | $2,300,000 | $2,700,000 p. 59 | −14.8% |
| Apt 7E | Jun 21, 2021 | $1,234,628 | $1,375,000 p. 59 | −10.2% |
| Penthouse 8B | Jul 30, 2021 | $7,900,000 | $8,700,000 p. 59 | −9.2% |
| Apt 2D | Aug 2, 2021 | $2,300,000 | $2,550,000 p. 59 | −9.8% |
| Apt 6D | Aug 26, 2021 | $3,050,000 | $2,900,000 p. 59 | +5.2% |
| Apt 2C | Oct 14, 2021 | $3,572,625 | $3,625,000 p. 59 | −1.4% |
| Apt 5D | Jan 26, 2022 | $2,500,000 | $2,800,000 p. 59 | −10.7% |
| Penthouse 10A | Dec 14, 2022 | $8,592,875 | $10,500,000 p. 59 | −18.2% |
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
- 24 Second Avenue Owner LLC
- Developer
- AORE Holdings, LLC
- Principals
- Moshe Azogui, Yan Ouaknine
- Tax estimate
- Aaron ValuationPrepared the first-year real estate tax projection
- Construction lender
- Bank OZK$50.5 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Treetop Condominiumnext door · 10 units · 2022
- Brick House Condominiumnext door · 8 units · 2006
- 62 East First Street Condominiumnext door · 10 units · 2007
- 64 East 1st Street Condominiumnext door · 6 units · 2015
- 204 Forsyth Street Condominium0.1 mi · 11 units · 2 parking · 2014
- 327 Bowery Condominium0.1 mi · 3 units · 2012