THE CONDO BOOK PROJECT

265 West 131st Street Condominium

265 West 131st Street, Manhattan, NY 10027

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Overview

Units
6 residential
Subway
6 min walk to 135 St B C125 St A B C D, 6 min
Principals
Meir Zarchi
Average $/sf
$971Homes in Schedule A, as first offered
Common charges
$268–$409 a monthSponsor's first-year estimate in Schedule A, July 1, 2022- June 30, 2023
Offering price
$5.22 million total

The sponsor of record is Penns Landing Omega Ii LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 360 pages. The sponsor has filed 3 amendments, the latest in July 2026. The nearest other condo plan on file is 235 West 131st Street Condominium, next door.

Plan CD190181 · Rehab · accepted Aug 11, 2022 · AG record ↗

Compare

FigureThis building1Jumel Mansion24 units · 1.5 miaccepted 2020Blackfriars38 units · 0.1 miaccepted 2019
Common ChargesPer Square Foot / Month$0.39Lowest$0.50$0.57
Average Offering PricePer Apartment$870,833In line$914,000$856,250
Average PricePer Square Foot$971Above peers$957$960
Property TaxesPer Square Foot / Month$0.86Above peers$0.82$0.19
Average Unit SizeSquare Feet897 SFIn line955 SF892 SF

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Unit mix, closings, budgets, finishes and the team, against Jumel Mansion and Blackfriars, 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 closed83% of the homes in Schedule A5 of 6
Closing prices vs. Schedule A5 homes: $3,416,323 at closing against $4,225,000 in Schedule A (p. 31)−19.1%
Average closing price5 homes, on their Schedule A square feet$790 / SF
Closingsfirst and latest recordedDec 18, 2024 – Aug 10, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 5 closings
HomeRecordedClosing priceSchedule ADifference
6Dec 18, 2024$510,000$629,000 p. 31−18.9%
5Jan 22, 2025$669,000$899,000 p. 31−25.6%
3Apr 25, 2025$769,000$899,000 p. 31−14.5%
2Nov 3, 2025$743,323$899,000 p. 31−17.3%
4Aug 10, 2026$725,000$899,000 p. 31−19.4%

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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
Penns Landing Omega Ii LLC
Principals
Meir Zarchi
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Titan Capital ID

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

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