260 Park Avenue South Condominium
260 Park Avenue, Manhattan, NY 10010
Overview
- Units
- 110 residential · 3 commercial
- Subway
- 7 min walk to Grand Central-42 St 4 5 6 7 SLexington Av/51-53 Sts 6 E F M, 7 min
- Developer
- YT&T Holdings
- Principals
- Yitzchak Tessler
- Average $/sf
- $1,013Homes in Schedule A, as first offered
- Common charges
- $733–$3,827 a monthSponsor's first-year estimate in Schedule A, first year of condominium operation based on projected commencement on January 1, 2006
- Offering price
- $190.1 million total
- Floor plans
- Pages 363–364 of the plan
The sponsor of record is 260 Park Avenue South, LLC, represented by Starr Associates, LLP. The offering plan runs 500 pages. The sponsor has filed 21 amendments, the latest in April 2007. The nearest other condo plan on file is Mercantile Library Condominium, next door.
Plan CD040125 · New · accepted Jul 19, 2004 · AG record ↗
Compare
| Figure | This building1 | Lumiere/350 West 53rd Street266 units · 0.8 miaccepted 2005 | Cathedral Parkway370 units · 3.2 miaccepted 2005 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.81In line | $1.24 | $0.53 |
| Average Offering PricePer Apartment | $1.52MHighest | $659,848 | $662,600 |
| Average PricePer Square Foot | $1,013Highest | $828 | $601 |
| Property TaxesPer Square Foot / Month | $0.81Highest | $0.18 | $0.04 |
| Average Unit SizeSquare Feet | 1,501 SFLargest | 797 SF | 1,103 SF |
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Unit mix, closings, budgets, finishes and the team, against Lumiere/350 West 53rd Street and Cathedral Parkway, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
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
- 260 Park Avenue South, LLC
- Developer
- YT&T Holdings
- Principals
- Yitzchak Tessler
- Counsel
- Starr Associates, LLP
- Tax estimate
- Podell, Schwartz, Schechter & Banfield, LLPPrepared the first-year real estate tax projection
- Construction lender
- Fremont Investment & Loan$83.3 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Mercantile Library Condominiumnext door · 18 units
- Towers Of 301 Park Avenue0.1 mi · 352 units · 34 parking · 2019
- Number 5 Condominium0.2 mi · 20 units · 2006
- 135 East 47th Street Condominium A/K/A Monogram Et Al.0.2 mi · 191 units · 2022
- Centria0.2 mi · 151 units · 2005
- 451 Lexington Avenue Condominium0.2 mi · 0 units · 2014