THE CONDO BOOK PROJECT

275 West 10th Street Condominium

275 West 10th Street, Manhattan, NY 10014

Overview

Units
61 residential · 30 storage
Subway
6 min walk to Christopher St-Stonewall 1Houston St 1, 11 min
Developer
Naftali Group
Principals
Jonathan Ginsburg
Average $/sf
$3,121Homes in Schedule A, as first offered
Common charges
$453–$6,225 a monthSponsor's first-year estimate in Schedule A, Commencing July 1, 2016 and Ending June 31, 2017 ("First Year")
Offering price
$328.4 million total $399.7 million when first offered

The sponsor of record is Tremada West 10th Street LLC, represented by Seiden & Schein, PC. The offering plan runs 723 pages. The sponsor has filed 33 amendments, the latest in November 2025. The nearest other condo plan on file is 150 Charles Street Condominium, next door.

Plan CD140241 · Conversion · accepted Jul 7, 2015 · AG record ↗

Compare

FigureThis building1160 Leroy247 units · 0.3 miaccepted 2015One Vandam325 units · 0.6 miaccepted 2013
Common ChargesPer Square Foot / Month$0.94Lowest$1.44$1.38
Average Offering PricePer Apartment$6.14MIn line$8.01M$6.1M
Average PricePer Square Foot$3,121In line$3,295$3,003
Property TaxesPer Square Foot / Month$1.24Below peers$1.40$1.31
Average Unit SizeSquare Feet1,969 SFSmaller2,635 SF2,030 SF

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Unit mix, closings, budgets, finishes and the team, against 160 Leroy and One Vandam, 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 closed89% of the homes in Schedule A54 of 61
Closing prices vs. Schedule A33 homes: $290,008,742 at closing against $275,216,600 in Schedule A (p. 57, p. 58)+5.4%
Average closing price33 homes, on their Schedule A square feet$3,340 / SF
Closingsfirst and latest recordedJan 31, 2017 – Jul 24, 2020

Sales recorded with the Department of Finance (ACRIS) through Jul 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 54 closings
HomeRecordedClosing priceSchedule ADifference
1FJan 31, 2017$10,354,275one deed, 14 homes$2,501,600 p. 57—
2FJan 31, 2017$10,354,275one deed, 14 homes$3,280,400 p. 57—
2GJan 31, 2017$10,354,275one deed, 14 homes$2,038,450 p. 57—
3KJan 31, 2017$10,354,275one deed, 14 homes$1,728,700 p. 57—
5KJan 31, 2017$10,354,275one deed, 14 homes$1,728,700 p. 57—
6BJan 31, 2017$10,354,275one deed, 14 homes$2,485,350 p. 57—
7BJan 31, 2017$10,354,275one deed, 14 homes$2,485,350 p. 57—
7CJan 31, 2017$10,354,275one deed, 14 homes$2,671,200 p. 57—
8FJan 31, 2017$10,354,275one deed, 14 homes$3,502,800 p. 58—
8HJan 31, 2017$10,354,275one deed, 14 homes$2,759,400 p. 58—
9FJan 31, 2017$10,354,275one deed, 14 homes$3,725,200 p. 58—
11AJan 31, 2017$10,354,275one deed, 14 homes$2,351,700 p. 58—
11KJan 31, 2017$10,354,275one deed, 14 homes$1,963,100 p. 58—
11NJan 31, 2017$10,354,275one deed, 14 homes$3,169,100 p. 58—
11BFeb 13, 2017$9,650,000$9,650,000 p. 580%
6AFeb 22, 2017$7,150,000$7,450,000 p. 57−4%
8BFeb 22, 2017$6,975,013$6,750,000 p. 58+3.3%
9BFeb 23, 2017$9,724,288$11,250,000 p. 58−13.6%
10BFeb 27, 2017$12,225,938$12,000,000 p. 58+1.9%
6CFeb 28, 2017$5,850,000$5,850,000 p. 570%
8CFeb 28, 2017$5,187,984$4,950,000 p. 58+4.8%
9AFeb 28, 2017$4,836,688$4,750,000 p. 58+1.8%
10CFeb 28, 2017$6,771,363$6,650,000 p. 58+1.8%
7DMar 7, 2017$4,963,969$4,875,000 p. 57+1.8%
8AMar 8, 2017$4,950,000$4,700,000 p. 58+5.3%
7EApr 7, 2017$9,300,000$9,850,000 p. 58−5.6%
10AApr 7, 2017$12,795,000$9,950,000 p. 58+28.6%
9CApr 13, 2017$12,450,000$2,425,000 p. 58+413.4%
8NApr 25, 2017$981,593$3,036,600 p. 58−67.7%
5CJun 19, 2017$9,200,000$9,550,000 p. 57−3.7%
3AJun 21, 2017$6,975,013$6,850,000 p. 57+1.8%
4CJul 7, 2017$10,650,000$11,500,000 p. 57−7.4%
5AJul 27, 2017$7,100,000$4,350,000 p. 57+63.2%
7AAug 17, 2017$7,350,000$4,650,000 p. 57+58.1%
6DSep 1, 2017$12,042,734$11,750,000 p. 57+2.5%
2DSep 5, 2017$9,350,000$9,350,000 p. 570%
MGOct 13, 2017$2,138,325——
MBNov 2, 2017$4,862,144——
3BNov 10, 2017$7,695,000$8,100,000 p. 57−5%
MENov 17, 2017$1,817,576——
PHCDec 14, 2017$34,620,500$29,500,000 p. 58+17.4%
4AFeb 28, 2018$6,962,963$6,950,000 p. 57+0.2%
MDMar 7, 2018$1,190,000——
11CMar 14, 2018$1,635,000$1,595,000 p. 58+2.5%
2BOct 26, 2018$8,200,000$3,150,000 p. 57+160.3%
3CNov 16, 2018$8,150,000$9,350,000 p. 57−12.8%
MCDec 7, 2018$6,307,031——
4BFeb 26, 2019$7,265,700$8,200,000 p. 57−11.4%
5BFeb 28, 2019$7,325,000$8,300,000 p. 57−11.7%
12AMay 14, 2019$9,877,025——
11DJun 12, 2019$11,000,000$11,750,000 p. 58−6.4%
GAMar 13, 2020$6,350,000——
PHBJun 25, 2020$19,025,000$24,500,000 p. 58−22.3%
8DJul 24, 2020$1,650,000$1,685,000 p. 58−2.1%

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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
Tremada West 10th Street LLC
Developer
Naftali Group
Principals
Jonathan Ginsburg
Tax estimate
Aaron Valuation, Inc.Prepared the first-year real estate tax projection
Construction lender
HSBC BankLender on the mortgage and building loan agreement recorded May 2014 in ACRIS; $188.6 million recorded

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

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