THE CONDO BOOK PROJECT

300 W 30th Street Condominium

300 W 30th Street, Manhattan, NY 10001

Overview

Units
69 residential · 44 storage · 1 commercial
Subway
3 min walk to 34 St-Penn Station A C E23 St C E, 5 min
Developer
Hiwin Group USA
Principals
Xiaogang Wang, Genyun Hong
Offering price
$89.9 million total

The sponsor of record is Hw Manhattan One LLC, represented by Kevin Kerveng Tung, P.C.. The offering plan runs 479 pages. The sponsor has filed 3 amendments, the latest in August 2023. The nearest other condo plan on file is Irvin Condominium, next door.

Plan CD210119 · New · accepted Nov 15, 2021 · AG record ↗

Compare

FigureThis building1Hxh Residences260 units · 0.4 miaccepted 2021Hendrix House359 units · 1.1 miaccepted 2024
Average Offering PricePer Apartment$1.3MBelow peers$1.75M$1.47M

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Unit mix, closings, budgets, finishes and the team, against Hxh Residences and Hendrix House, 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 the plan69 of 69
Closingsfirst and latest recordedApr 27, 2023 – Jun 13, 2024

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 70 closings
HomeRecordedClosing priceSchedule ADifference
CApr 27, 2023$1,030,250——
5AJul 24, 2023$999,922——
10CJul 27, 2023$1,746,299——
4AJul 28, 2023$987,703——
6BJul 28, 2023$1,008,068——
3CJul 31, 2023$1,510,000——
5FJul 31, 2023$1,089,528——
6DAug 1, 2023$1,065,000——
2BAug 2, 2023$967,338——
11DAug 2, 2023$1,237,174——
11BAug 4, 2023$1,135,349——
9FAug 7, 2023$1,191,353——
13CAug 8, 2023$1,318,634——
15AAug 8, 2023$2,240,150——
3BAug 9, 2023$1,008,068——
7DAug 9, 2023$1,104,801——
10EAug 9, 2023$1,080,000——
3DAug 10, 2023$1,074,254——
5DAug 10, 2023$1,094,619——
12BAug 11, 2023$1,888,854——
16BAug 11, 2023$1,407,685——
3EAug 14, 2023$1,013,159——
5EAug 14, 2023$1,033,524——
7BAug 15, 2023$1,069,163——
7EAug 15, 2023$1,053,889——
9DAug 15, 2023$1,216,809——
11FAug 16, 2023$1,247,356——
14BAug 17, 2023$1,384,820——
15BAug 17, 2023$1,395,003——
9AAug 18, 2023$1,064,071——
16AAug 18, 2023$2,280,880——
8EAug 21, 2023$1,064,071——
7AAug 22, 2023$1,069,163——
9CAug 22, 2023$1,663,000——
13AAug 22, 2023$1,755,000——
2CAug 23, 2023$1,475,000——
5BAug 24, 2023$1,011,122——
11EAug 24, 2023$1,109,893——
4BAug 28, 2023$1,018,250——
6FAug 28, 2023$1,087,491——
3AAug 29, 2023$1,008,068——
12CAug 29, 2023$1,308,451——
10BAug 31, 2023$1,125,166——
11CAug 31, 2023$1,727,000——
9ESep 1, 2023$1,074,254——
10FSep 1, 2023$1,191,353——
7FSep 5, 2023$1,140,440——
9BSep 5, 2023$1,114,984——
5CSep 6, 2023$1,578,288——
8DSep 6, 2023$1,099,000——
8FSep 6, 2023$1,081,382——
6ASep 8, 2023$1,038,615——
13BSep 8, 2023$1,725,934——
10ASep 11, 2023$1,094,619——
3FSep 13, 2023$999,000——
12ASep 14, 2023$1,916,347——
7CSep 15, 2023$1,685,204——
4EOct 5, 2023$1,018,250——
4DOct 16, 2023$1,095,086——
10DOct 16, 2023$1,239,041——
11AOct 16, 2023$1,156,781——
8BOct 19, 2023$1,005,013——
6EOct 25, 2023$1,041,161——
4CNov 7, 2023$1,490,000——
4FNov 17, 2023$1,079,345——
8CNov 22, 2023$1,657,155——
8ADec 6, 2023$1,095,000——
14ADec 14, 2023$2,423,435——
6CJun 7, 2024$1,595,000——
2AJun 13, 2024$950,000——

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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
Hw Manhattan One LLC
Developer
Hiwin Group USAReported by mannpublications.com
Principals
Xiaogang Wang, Genyun Hong
Tax estimate
MGNY ConsultingPrepared the first-year real estate tax projection
Construction lender
Cathay Bank$43 million loan stated in the plan

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

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