THE CONDO BOOK PROJECT

246 West 16th Street Condominium

246 West 16th Street, Manhattan, NY 10011

Overview

Units
4 residential · 3 commercial
Subway
1 min walk to 14 St/8 Av A C E L14 St/6 Av 1 2 3 F L M, 4 min
Offering price
$17.1 million total $16.7 million when first offered

The sponsor of record is 246 West 16th Street, LLC, represented by Allen, Morris & Troisi LLP. The sponsor has filed 6 amendments, the latest in December 2021. The nearest other condo plan on file is 236 West 17th Street Condo, next door.

Plan CD170141 · New · accepted Feb 9, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan4 of 4
Closingsfirst and latest recordedJun 3, 2021 – Jul 1, 2021

Sales recorded with the Department of Finance (ACRIS) through Mar 31, 2024: 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 4 closings
HomeRecordedClosing priceSchedule ADifference
6Jun 3, 2021$5,614,125——
4Jun 15, 2021$3,845,000——
3Jun 16, 2021$3,450,000——
5Jul 1, 2021$3,875,000——

Pro

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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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Team

Sponsor
246 West 16th Street, LLC
Construction lender
Bank LeumiLender on the mortgage and building loan agreement recorded August 2016 in ACRIS; $11 million recorded

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

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