THE CONDO BOOK PROJECT

242 Broome Street Condominium

242 Broome Street, Manhattan, NY 10002

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Overview

Units
55 residential · 35 storage
Subway
2 min walk to Delancey St-Essex St F J M ZEast Broadway F, 6 min
Developers
BFC Partners, Taconic Investment Partners LLC, L&M Development Partners Inc.
Principals
Brandon Baron, Donald Capoccia, Charles Bendit, Paul Pariser, Ronald Moelis, Sanford Loewentheil, Joseph Ferarra
Average $/sf
$1,844Homes in Schedule A, as first offered
Offering price
$37.5 million total

The sponsor of record is Site 1 Dsa Owner LLC, represented by Starr Associates, LLP. The offering plan runs 788 pages. The sponsor has filed 20 amendments, the latest in January 2021. The nearest other condo plan on file is 75 Ludlow Street Condominium, next door.

Plan CD150376 · New · accepted Jul 29, 2016 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A55 of 55
Closingsfirst and latest recordedJun 26, 2018 – Mar 31, 2023

Sales recorded with the Department of Finance (ACRIS) through Sep 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 58 closings
HomeRecordedClosing priceSchedule ADifference
6BJun 26, 2018$3,823,733——
6AJul 10, 2018$2,850,000——
10CJul 10, 2018$2,925,000——
6CJul 11, 2018$2,090,163——
8AJul 12, 2018$1,555,581——
8DJul 12, 2018$2,674,181——
8FJul 17, 2018$2,447,128——
5AJul 18, 2018$1,932,334——
5DJul 18, 2018$2,420,000——
9FJul 19, 2018$2,464,625——
10BJul 19, 2018$1,581,038——
10EJul 20, 2018$1,504,669——
10FJul 20, 2018$2,590,000——
8BJul 23, 2018$1,301,019——
11AJul 23, 2018$2,750,000——
11EJul 23, 2018$2,635,000——
12DJul 24, 2018$1,682,863——
14AJul 24, 2018$1,868,256——
9AJul 25, 2018$1,611,585——
9DJul 26, 2018$2,716,386——
9BJul 30, 2018$1,351,931——
5BJul 31, 2018$1,565,000——
7DAug 1, 2018$1,835,600——
10AAug 1, 2018$1,703,228——
9EAug 3, 2018$1,413,026——
11CAug 13, 2018$2,750,000——
8CAug 29, 2018$3,049,659——
8ESep 5, 2018$1,308,656——
9CSep 14, 2018$2,900,000——
7ASep 28, 2018$284,390——
7BSep 28, 2018$284,390——
7ESep 28, 2018$339,098——
PHAOct 3, 2018$5,150,000——
10DOct 4, 2018$2,810,000——
5EOct 5, 2018$284,390——
5FOct 5, 2018$284,390——
7FOct 5, 2018$230,760——
6DOct 11, 2018$339,098——
7GOct 12, 2018$230,760——
6EOct 19, 2018$230,760——
6FOct 24, 2018$230,760——
5CNov 29, 2018$228,010——
7CDec 20, 2018$2,400,000——
12AFeb 15, 2019$2,750,000——
11DFeb 20, 2019$1,525,000——
RTL2Apr 16, 2019$13,014,003——
PHCApr 22, 2019$5,650,000——
12EMay 13, 2019$2,695,000——
14DMay 24, 2019$1,665,000——
14CJun 3, 2019$2,925,000——
12CJun 21, 2019$2,817,500——
PHBJun 27, 2019$6,520,000——
11BNov 19, 2019$3,195,000——
14BFeb 4, 2020$3,955,000——
12BApr 15, 2020$2,975,000——
14EFeb 11, 2021$2,375,000——
RTL1Mar 31, 2023$9,088,767——
RTL4Mar 31, 2023$15,330,273——

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Closings are for subscribers

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
Site 1 Dsa Owner LLC
Developers
BFC Partners, Taconic Investment Partners LLC, L&M Development Partners Inc.
Principals
Brandon Baron, Donald Capoccia, Charles Bendit, Paul Pariser, Ronald Moelis, Sanford Loewentheil, Joseph Ferarra
Tax estimate
STARR ASSOCIATES, LLPPrepared the first-year real estate tax projection
Construction lender
Goldman Sachs Bank$95 million recorded

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

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