THE CONDO BOOK PROJECT

Houston House

298 East 2nd Street, Manhattan, NY 10009

Overview

Units
7 residential
Subway
11 min walk to 2 Av FDelancey St-Essex St F J M Z, 12 min
Principals
Matthew Lee, Peter Lee
Average $/sf
$2,117Homes in Schedule A, as first offered
Offering price
$26.9 million total

The sponsor of record is 298 East Village Owner LLC, represented by Lester Bleckner & Shaw LLP. The offering plan runs 380 pages. The sponsor has filed 7 amendments, the latest in April 2024. The nearest other condo plan on file is 296 East Second Street Condominium, next door.

Plan CD170135 · New · accepted Mar 9, 2018 · AG record ↗

Compare

FigureThis building1253 East 7th27 units · 0.2 miaccepted 2018Idylls35 units · 0.6 miaccepted 2018
Common ChargesPer Square Foot / Month$1.02Highest$0.80$0.87
Average Offering PricePer Apartment$3.84MHighest$2.23M$2.29M
Average PricePer Square Foot$2,117Highest$1,772$1,771
Average Unit SizeSquare Feet1,814 SFLargest1,259 SF1,293 SF

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Unit mix, closings, budgets, finishes and the team, against 253 East 7th and Idylls, 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 A7 of 7
Closingsfirst and latest recordedAug 27, 2021 – Sep 18, 2025

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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
3Aug 27, 2021$1,940,275——
PHSep 8, 2021$3,029,294——
1Apr 5, 2022$2,925,000——
5Sep 11, 2023$2,002,898——
7Feb 29, 2024$2,100,000——
4Jul 23, 2024$1,900,000——
6Sep 18, 2025$1,832,850——

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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
298 East Village Owner LLC
Principals
Matthew Lee, Peter Lee
Tax estimate
The Mazursky Group, Inc.Prepared the first-year real estate tax projection
Construction lender
Tideway Capital FundingLender on the mortgage and building loan agreement recorded September 2016 in ACRIS; $16.3 million recorded

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

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