THE CONDO BOOK PROJECT

Broad Exchange Building Condominium

25 Broad Street, Manhattan, NY 10004

Overview

Units
308 residential · 283 storage
Subway
1 min walk to Broad St J ZWall St 2 3, 2 min
Developer
LCOR Incorporated
Principals
David Sigman, Seth Landau
Average $/sf
$1,259Homes in Schedule A, as first offered
Common charges
$683–$3,749 a monthSponsor's first-year estimate in Schedule A, July 1, 2019 to June 30, 2020
Offering price
$385.6 million total $395 million when first offered

The sponsor of record is 25 Broad Street L/Cal LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 764 pages. The sponsor has filed 12 amendments, the latest in September 2025. The nearest other condo plan on file is Exchange At 25 Broad Street Condominium, next door.

Plan CD180154 · Conversion · accepted Apr 5, 2019 · AG record ↗

Compare

FigureThis building1Residential Section Of 212 West 72nd Street2196 units · 5.2 miaccepted 2020Belnord3213 units · 6 miaccepted 2017
Average Offering PricePer Apartment$1.28MLowest$4.97M$6.35M

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Unit mix, closings, budgets, finishes and the team, against Residential Section Of 212 West 72nd Street and Belnord, cited to the offering plans. No credit card required.

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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 closed66% of the homes in Schedule A204 of 308
Closingsfirst and latest recordedDec 20, 2019 – Aug 5, 2026

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 204 closings
HomeRecordedClosing priceSchedule ADifference
COM ADec 20, 2019$10,500,000one deed, 3 homes——
COM BDec 20, 2019$10,500,000one deed, 3 homes——
COM CDec 20, 2019$10,500,000one deed, 3 homes——
N009Mar 4, 2021$896,060——
O009Mar 4, 2021$850,000——
D014Mar 8, 2021$866,022——
M006Mar 9, 2021$792,163——
E011Mar 10, 2021$1,045,000——
F019Mar 11, 2021$1,685,204——
H009Mar 11, 2021$724,781——
I009Mar 11, 2021$1,377,444——
O008Mar 12, 2021$847,665——
O003Mar 15, 2021$782,072——
O005Mar 15, 2021$822,437——
F003Mar 16, 2021$1,270,000——
J021Mar 17, 2021$1,430,000——
F016Mar 19, 2021$1,425,000——
K004Mar 19, 2021$845,000——
M005Mar 22, 2021$790,000——
D007Mar 25, 2021$1,105,000——
J014Mar 26, 2021$1,015,704——
K015Mar 26, 2021$1,359,364——
D009Mar 29, 2021$1,135,000——
I017Mar 30, 2021$1,443,369——
T014Mar 31, 2021$1,600,000——
K003Apr 2, 2021$738,231——
L008Apr 2, 2021$771,981——
H003Apr 5, 2021$737,722——
J008Apr 5, 2021$1,200,000——
J003Apr 6, 2021$870,000——
N003Apr 6, 2021$920,000——
N006Apr 6, 2021$595,167——
E008Apr 7, 2021$709,211——
G004Apr 7, 2021$630,806——
G006Apr 7, 2021$627,242——
D015Apr 13, 2021$1,260,000——
H005Apr 13, 2021$985,000——
M009Apr 14, 2021$830,000——
D017Apr 15, 2021$1,323,725——
H004Apr 16, 2021$965,000——
L010Apr 19, 2021$770,000——
M004Apr 19, 2021$784,053——
D008Apr 21, 2021$1,120,000——
D010Apr 22, 2021$1,150,000——
H017Apr 22, 2021$798,308——
J018Apr 23, 2021$1,069,163——
N007Apr 23, 2021$850,000——
A009Apr 27, 2021$935,000——
N005Apr 27, 2021$840,000——
A016May 4, 2021$1,125,000——
H007May 7, 2021$960,000——
O004May 7, 2021$809,509——
K009May 13, 2021$875,695——
A020May 17, 2021$1,245,000——
D012Jun 2, 2021$1,201,535——
K008Jun 15, 2021$870,604——
O007Jun 30, 2021$850,000——
T007Jul 8, 2021$1,588,000——
L006Jul 26, 2021$750,000——
M007Jul 28, 2021$815,000——
D018Jul 30, 2021$1,300,000——
FPH1Aug 6, 2021$1,650,000——
O012Aug 6, 2021$940,000——
APH1Aug 12, 2021$1,295,000——
H015Aug 17, 2021$1,075,000——
N011Aug 23, 2021$907,754——
M008Sep 1, 2021$835,000——
M011Sep 14, 2021$885,000——
D019Sep 17, 2021$1,350,000——
M010Sep 20, 2021$845,000——
D020Sep 28, 2021$1,380,000——
E012Sep 29, 2021$1,065,000——
H008Oct 6, 2021$985,000——
D011Oct 12, 2021$1,195,000——
E007Oct 29, 2021$945,000——
H014Nov 1, 2021$1,060,000——
K016Nov 4, 2021$1,340,000——
I018Nov 17, 2021$1,845,000——
M015Nov 22, 2021$1,367,968——
A019Nov 30, 2021$1,215,000——
L009Dec 3, 2021$795,000——
G009Dec 22, 2021$915,000——
A010Jan 10, 2022$1,040,000——
APH2Jan 13, 2022$4,348,395——
N004Jan 19, 2022$865,000——
CPH2Jan 28, 2022$2,430,000——
EPH1Jan 31, 2022$1,573,196——
E009Feb 17, 2022$980,000——
H016Feb 23, 2022$1,100,000——
L004Mar 8, 2022$760,000——
K006Mar 9, 2022$860,000——
O014Mar 24, 2022$945,000——
L005Mar 29, 2022$779,000——
F011Mar 30, 2022$1,130,000——
O006Apr 1, 2022$850,000——
F020Apr 8, 2022$1,695,000——
N012Apr 19, 2022$925,000——
F015Apr 25, 2022$1,629,200——
K018Apr 25, 2022$1,365,000——
E020May 2, 2022$1,550,000——
L014May 2, 2022$855,000——
BPH2May 18, 2022$1,750,000——
A014May 20, 2022$1,195,000——
O015May 20, 2022$975,000——
J011May 26, 2022$1,360,000——
T005Jun 2, 2022$1,630,000——
T006Jun 3, 2022$1,579,000——
T017Jun 23, 2022$1,462,500——
NPH1Jul 11, 2022$1,015,000——
T015Aug 8, 2022$1,570,000——
O017Aug 9, 2022$999,999——
N017Aug 12, 2022$985,000——
D006Aug 15, 2022$1,055,000——
N014Aug 22, 2022$965,000——
A004Sep 1, 2022$975,000——
M012Sep 7, 2022$890,000——
D016Sep 12, 2022$1,275,000——
I007Sep 30, 2022$1,750,000——
J012Sep 30, 2022$1,390,000——
H010Oct 11, 2022$1,040,000——
T010Nov 1, 2022$1,620,000——
N019Nov 8, 2022$1,015,000——
D021Dec 8, 2022$1,385,000——
F007Dec 13, 2022$960,000——
A021Dec 20, 2022$1,260,000——
G008Jan 4, 2023$900,000——
H011Jan 18, 2023$1,062,500——
K005Feb 1, 2023$865,000——
A008Feb 7, 2023$1,010,000——
DPH1Mar 13, 2023$1,410,000——
A017Mar 17, 2023$1,190,000——
H006Apr 3, 2023$980,000——
L007May 4, 2023$765,000——
IPH1May 11, 2023$1,902,000——
A018May 22, 2023$1,275,000——
J010May 30, 2023$1,370,000——
DPH2Jun 5, 2023$2,550,000——
F009Jun 8, 2023$1,000,000——
E014Jun 15, 2023$1,080,000——
K007Jun 29, 2023$875,000——
E005Aug 10, 2023$990,000——
OPH1Sep 15, 2023$1,085,000——
F006Sep 18, 2023$975,000——
F008Sep 22, 2023$1,005,000——
F017Sep 22, 2023$1,600,000——
O010Sep 29, 2023$880,000——
K010Oct 3, 2023$910,000——
K014Dec 15, 2023$955,000——
A015Dec 18, 2023$1,150,000——
D003Feb 4, 2024$991,411——
KPH1Feb 22, 2024$1,598,653——
F014Mar 20, 2024$1,110,000——
D005Mar 22, 2024$1,135,000——
F012Apr 1, 2024$1,095,000——
K011Apr 23, 2024$935,000——
J016Apr 26, 2024$1,471,371——
A011Apr 30, 2024$1,105,000——
J007May 6, 2024$1,335,000——
F018May 7, 2024$1,640,000——
A003May 15, 2024$1,010,000——
A007May 21, 2024$1,045,000——
I005May 31, 2024$1,725,000——
F010Jun 13, 2024$1,065,000——
L011Jun 18, 2024$825,000——
T018Jun 18, 2024$1,455,000——
G014Jun 21, 2024$985,000——
D004Jul 2, 2024$1,115,000——
O019Jul 2, 2024$1,020,000——
K019Jul 22, 2024$1,390,000——
E004Sep 18, 2024$985,000——
TPH1Sep 19, 2024$1,540,000——
K012Oct 2, 2024$940,000——
T019Oct 15, 2024$1,460,000——
J015Oct 21, 2024$1,440,000——
M017Oct 28, 2024$1,400,000——
I019Nov 4, 2024$1,930,000——
I003Nov 18, 2024$1,780,000——
J009Nov 20, 2024$1,360,000——
E015Dec 2, 2024$1,440,000——
G007Dec 12, 2024$890,000——
T021Jan 7, 2025$1,507,500——
F004Jan 29, 2025$1,000,000——
N016Feb 14, 2025$970,000——
E003Feb 24, 2025$1,000,000——
M019May 12, 2025$1,415,000——
J006May 20, 2025$1,320,000——
I016May 27, 2025$1,920,000——
E018May 28, 2025$1,465,000——
T011May 28, 2025$1,650,000——
N008Jun 4, 2025$855,000——
H019Jul 8, 2025$1,080,000——
T003Jul 10, 2025$1,685,000——
T016Jul 10, 2025$1,435,000——
N010Oct 16, 2025$865,000——
I004Nov 17, 2025$1,800,000——
M014Jan 9, 2026$873,000——
I006Jan 14, 2026$1,775,000——
K020Feb 23, 2026$1,390,000——
M016Mar 5, 2026$1,375,000——
J019Mar 17, 2026$1,485,000——
J020Apr 27, 2026$1,490,000——
O016May 13, 2026$928,000——
O020Jun 22, 2026$988,000——
T008Aug 5, 2026$1,590,000——

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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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
25 Broad Street L/Cal LLC
Developer
LCOR Incorporated
Principals
David Sigman, Seth Landau

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

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