THE CONDO BOOK PROJECT

Iron Lofts Condominium

29 West 21st Street, Manhattan, NY 10010

Overview

Units
6 residential · 1 commercial
Subway
4 min walk to 23 St R W23 St F M, 4 min
Principals
Nicolas Oudin, Pauline Oudin
Common charges
$2,141–$3,837 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 To December 31, 2023
Offering price
$21 million total

The sponsor of record is Twenty-First Lofts, LLC, represented by Cozen O'Connor. The offering plan runs 399 pages. The sponsor has filed 5 amendments, the latest in February 2025. The nearest other condo plan on file is Iron Lofts Condominium, next door.

Plan CD210292 · Rehab · accepted Dec 16, 2022 · AG record ↗

Compare

FigureThis building1327 West 22nd28 units · 0.5 miaccepted 2021Calvert Vaux37 units · 1.2 miaccepted 2024
Average Offering PricePer Apartment$3.45MHighest$2.83M$2.66M

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Unit mix, closings, budgets, finishes and the team, against 327 West 22nd and Calvert Vaux, 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 A6 of 6
Closing prices vs. Schedule A6 homes: $19,520,000 at closing against $20,720,000 in Schedule A (p. 41)−5.8%
Closingsfirst and latest recordedApr 16, 2024 – Feb 25, 2026

Sales recorded with the Department of Finance (ACRIS) through May 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 7 closings
HomeRecordedClosing priceSchedule ADifference
#4Apr 16, 2024$3,100,000$3,245,000 p. 41−4.5%
#1Apr 19, 2024$2,850,000$2,995,000 p. 41−4.8%
#3Jun 6, 2024$3,195,000$3,195,000 p. 410%
#6 (PH)Sep 24, 2024$4,300,000$4,995,000 p. 41−13.9%
COMFeb 28, 2025$250,000——
#2Jun 26, 2025$2,850,000$2,995,000 p. 41−4.8%
#5Feb 25, 2026$3,225,000$3,295,000 p. 41−2.1%

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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
Twenty-First Lofts, LLC
Principals
Nicolas Oudin, Pauline Oudin
Tax estimate
Korngold Powers LLPPrepared the first-year real estate tax projection
Construction lender
First Republic BankLender on the mortgage and building loan agreement recorded January 2018 in ACRIS; $15.5 million recorded

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

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