THE CONDO BOOK PROJECT

Two Fifty West 81 St

250 West 81st Street, Manhattan, NY 10024

Overview

Units
31 residential · 31 storage
Subway
2 min walk to 79 St 186 St 1, 6 min
Principals
Kenneth S. Horn, Jason Hart
Offering price
$282.7 million total $226 million when first offered

The sponsor of record is 2255 Broadway Property Owner, L.L.C., represented by Schwartz Sladkus Reich Greenberg Atlas LLP. The offering plan runs 477 pages. The sponsor has filed 14 amendments, the latest in January 2020. The nearest other condo plan on file is 223 West 80th Street Condominium, next door.

Plan CD170047 · New · accepted Oct 6, 2017 · AG record ↗

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
2255 Broadway Property Owner, L.L.C.
Principals
Kenneth S. Horn, Jason Hart
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection
Construction lender
Bank OZKLender on the mortgage and building loan agreement recorded December 2017 in ACRIS; $101.5 million recorded

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

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