THE CONDO BOOK PROJECT

Rucker Condominium

2903 Fredrick Douglas Boulevard, Manhattan, NY 10039

Overview

Units
14 residential
Subway
3 min walk to 155 St B DHarlem-148 St 3, 9 min
Developer
Campus 127 LP
Average $/sf
$926Homes in Schedule A, as first offered
Common charges
$219–$606 a monthSponsor's first-year estimate in Schedule A, January 1, 2020- December 31, 2020
Offering price
$7.55 million total $7.78 million when first offered

The sponsor of record is 154 Holdings LP, represented by Marc Brick. The offering plan runs 304 pages. The sponsor has filed 1 amendment, the latest in December 2020. The nearest other condo plan on file is 305 West 150th Street Condominium, 0.2 mi away.

Plan CD190089 · New · accepted Nov 6, 2019 · AG record ↗

Compare

FigureThis building1The Oslo212 units · 2 miaccepted 2022One St. Nicholas Park317 units · 0.9 miaccepted 2021
Common ChargesPer Square Foot / Month$0.54Below peers$0.62$0.83
Average Offering PricePer Apartment$528,001Below peers$587,000$912,235
Average PricePer Square Foot$926In line$891$1,322
Property TaxesPer Square Foot / Month$0.63Lowest$1.32$0.87
Average Unit SizeSquare Feet570 SFSmaller659 SF690 SF

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Unit mix, closings, budgets, finishes and the team, against The Oslo and One St. Nicholas Park, 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.

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
154 Holdings LP
Developer
Campus 127 LP
Counsel
Marc Brick

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

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