THE CONDO BOOK PROJECT

256 West 88th Street Condominium

256 West 88th Street, Manhattan, NY 10024

Overview

Units
4 residential
Subway
2 min walk to 86 St 196 St 1 2 3, 6 min
Principals
Asaf Dror
Average $/sf
$1,901Homes in Schedule A, as first offered
Common charges
$410–$772 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 To June 30, 2025
Offering price
$8.12 million total $8.02 million when first offered

The sponsor of record is Atlantic Coast Enterprises LLC, represented by Eial Girtz, PC. The offering plan runs 301 pages. The sponsor has filed 3 amendments, the latest in April 2026. The nearest other condo plan on file is 254 West 88th Street Condominium, next door.

Plan CD230289 · New · accepted Feb 21, 2024 · AG record ↗

Compare

FigureThis building1420 East 75th26 units · 1.8 miaccepted 2024Marx36 units · 1.6 miaccepted 2021
Common ChargesPer Square Foot / Month$0.52Below peers$0.53$1.44
Average Offering PricePer Apartment$2MLowest$4.78M$3.24M
Average PricePer Square Foot$1,901In line$2,067$1,880
Property TaxesPer Square Foot / Month$1.34Below peers$2.11$1.47
Average Unit SizeSquare Feet1,054 SFSmallest2,311 SF1,724 SF

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Unit mix, closings, budgets, finishes and the team, against 420 East 75th and Marx, 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 closed75% of the homes in Schedule A3 of 4
Closing prices vs. Schedule A3 homes: $5,549,076 at closing against $5,520,000 in Schedule A (p. 41)+0.5%
Average closing price3 homes, on their Schedule A square feet$1,751 / SF
Closingsfirst and latest recordedDec 2, 2024 – Jun 18, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 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 3 closings
HomeRecordedClosing priceSchedule ADifference
2Dec 2, 2024$1,695,000$1,675,000 p. 41+1.2%
BDec 5, 2024$1,985,588$1,950,000 p. 41+1.8%
1Jun 18, 2026$1,868,489$1,895,000 p. 41−1.4%

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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
Atlantic Coast Enterprises LLC
Principals
Asaf Dror
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
First Republic Bank$3.6 million loan stated in the plan

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

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