THE CONDO BOOK PROJECT

Bowery 263 Condominium

263 Bowery, Manhattan, NY 10002

Overview

Units
4 residential
Subway
2 min walk to 2 Av FBroadway-Lafayette St/Bleecker St 6 B D F M, 4 min
Principals
Yaniv Cohen
Average $/sf
$1,508Homes in Schedule A, as first offered
Common charges
$770–$1,422 a monthSponsor's first-year estimate in Schedule A, NOVEMBER 1, 2010 through October 31, 2011
Offering price
$9.35 million total

The sponsor of record is D.N.P. 336 Convent Avenue LLC, represented by Smith, Buss & Jacobs, LLP. The offering plan runs 298 pages. The sponsor has filed 1 amendment, the latest in November 2010. The nearest other condo plan on file is Bowery 255 Condominium, next door.

Plan CD100137 · New · accepted Sep 24, 2010 · AG record ↗

Compare

FigureThis building160 Orchard Street Condominiums27 units · 0.5 miaccepted 2010Campbell36 units · 1.1 miaccepted 2008
Common ChargesPer Square Foot / Month$0.62Highest$0.48$0.49
Average Offering PricePer Apartment$2.34MIn line$1.48M$2.47M
Average PricePer Square Foot$1,508Above peers$1,182$1,312
Average Unit SizeSquare Feet1,551 SFIn line1,254 SF1,882 SF

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Unit mix, closings, budgets, finishes and the team, against 60 Orchard Street Condominiums and Campbell, 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 closed100% of the homes in Schedule A4 of 4
Closingsfirst and latest recordedApr 14, 2011 – Dec 22, 2021

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 7 closings
HomeRecordedClosing priceSchedule ADifference
3Apr 14, 2011$1,789,280——
2Apr 18, 2011$1,650,000——
1Apr 21, 2011$1,866,759——
PHJan 17, 2012$3,131,188——
COM 1Dec 22, 2021$3,600,000——
COM 2Dec 22, 2021$3,600,000——
COM 3Dec 22, 2021$3,600,000——

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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
D.N.P. 336 Convent Avenue LLC
Principals
Yaniv Cohen
Tax estimate
Tuchman, Korngold, Weiss, Lippman and Gelles, LLPPrepared the first-year real estate tax projection
Construction lender
Bank Hapoalim$9.11 million recorded

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

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