THE CONDO BOOK PROJECT

301 East 80th Street Condominium

301 East 80th Street, Manhattan, NY 10075

Overview

Units
72 residential · 1 commercial
Subway
3 min walk to 86 St Q77 St 6, 8 min
Principals
Terrence Lowenberg, Todd Cohen
Common charges
$1,319–$8,950 a monthSponsor's first-year estimate in Schedule A, February 1, 2021 – January 31, 2022
Offering price
$514 million total

The sponsor of record is 301 East 80th Realty LLC, represented by Seiden & Schein, P.C.. The offering plan runs 444 pages. The sponsor has filed 14 amendments, the latest in December 2022. The nearest other condo plan on file is 318 East 81st Street Condominium, next door.

Plan CD180149 · New · accepted Dec 3, 2018 · AG record ↗

Compare

FigureThis building1378 West End258 units · 1.6 miaccepted 2020200 East 83rd386 units · 0.2 miaccepted 2021
Average Offering PricePer Apartment$7.3MIn line$8.28M$6.19M

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Unit mix, closings, budgets, finishes and the team, against 378 West End and 200 East 83rd, 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 A72 of 72
Closing prices vs. Schedule A72 homes: $455,880,036 at closing against $525,500,000 in Schedule A (p. 58, p. 59)−13.2%
Closingsfirst and latest recordedJun 4, 2021 – Feb 21, 2023

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 72 closings
HomeRecordedClosing priceSchedule ADifference
3AJun 4, 2021$6,000,000$7,250,000 p. 58−17.2%
5CJun 7, 2021$5,200,000$5,525,000 p. 58−5.9%
6AJun 7, 2021$5,800,000$7,025,000 p. 58−17.4%
16AJun 7, 2021$6,850,000$8,000,000 p. 59−14.4%
7CJun 8, 2021$5,400,000$5,750,000 p. 58−6.1%
18AJun 10, 2021$7,025,000$8,200,000 p. 59−14.3%
8BJun 15, 2021$10,200,000$11,925,000 p. 58−14.5%
17BJun 15, 2021$7,750,000$8,900,000 p. 59−12.9%
14AJun 16, 2021$6,200,000$6,900,000 p. 58−10.1%
22BJun 17, 2021$8,250,000$9,500,000 p. 59−13.2%
4AJun 18, 2021$5,450,000$6,825,000 p. 58−20.1%
21BJun 18, 2021$8,290,489$9,300,000 p. 59−10.9%
24BJun 18, 2021$9,950,000$12,150,000 p. 59−18.1%
8AJun 21, 2021$6,350,000$7,075,000 p. 58−10.2%
4CJun 23, 2021$4,800,000$5,450,000 p. 58−11.9%
9AJun 23, 2021$5,375,000$6,500,000 p. 58−17.3%
9BJun 23, 2021$3,269,768$3,875,000 p. 58−15.6%
12AJun 23, 2021$5,800,000$6,800,000 p. 58−14.7%
21AJun 23, 2021$7,595,000$8,500,000 p. 59−10.6%
11AJun 24, 2021$5,700,000$6,700,000 p. 58−14.9%
18BJun 24, 2021$7,800,000$9,000,000 p. 59−13.3%
25AJun 29, 2021$6,353,368$7,800,000 p. 59−18.5%
16BJun 30, 2021$7,600,000$8,800,000 p. 59−13.6%
24AJun 30, 2021$6,585,000$7,700,000 p. 59−14.5%
25BJun 30, 2021$10,203,368$12,400,000 p. 59−17.7%
10AJul 1, 2021$5,553,368$6,600,000 p. 58−15.9%
15BJul 1, 2021$3,675,000$4,125,000 p. 59−10.9%
26BJul 1, 2021$10,300,000$12,650,000 p. 59−18.6%
14CJul 6, 2021$4,900,000$5,650,000 p. 59−13.3%
4DJul 7, 2021$1,900,000$2,500,000 p. 58−24%
27AJul 7, 2021$6,600,000$8,000,000 p. 59−17.5%
10BJul 8, 2021$3,425,000$3,925,000 p. 58−12.7%
17AJul 13, 2021$6,903,368$8,100,000 p. 59−14.8%
26AJul 14, 2021$6,450,000$7,900,000 p. 59−18.4%
11BJul 19, 2021$3,350,000$3,975,000 p. 58−15.7%
7BJul 21, 2021$4,200,000$4,625,000 p. 58−9.2%
5BJul 22, 2021$3,830,000$4,475,000 p. 58−14.4%
27BJul 26, 2021$10,450,000$12,900,000 p. 59−19%
4EJul 27, 2021$2,500,000$3,150,000 p. 58−20.6%
5AJul 27, 2021$5,700,000$6,925,000 p. 58−17.7%
5EJul 29, 2021$2,550,000$3,200,000 p. 58−20.3%
7AJul 30, 2021$6,000,000$7,225,000 p. 58−17%
28AJul 30, 2021$6,700,000$8,200,000 p. 59−18.3%
6EAug 3, 2021$2,950,000$3,250,000 p. 58−9.2%
22AAug 3, 2021$7,800,000$8,600,000 p. 59−9.3%
7EAug 5, 2021$3,050,000$3,350,000 p. 58−9%
19AAug 5, 2021$7,850,000$8,900,000 p. 59−11.8%
10CAug 10, 2021$4,700,000$5,425,000 p. 58−13.4%
23BAug 11, 2021$8,550,000$9,700,000 p. 59−11.9%
9CAug 12, 2021$4,550,000$5,350,000 p. 58−15%
3DAug 13, 2021$1,900,000$2,450,000 p. 58−22.4%
6DAug 16, 2021$2,100,000$2,600,000 p. 58−19.2%
23AAug 18, 2021$7,735,000$8,700,000 p. 59−11.1%
7DAug 23, 2021$2,150,000$2,700,000 p. 58−20.4%
12BAug 23, 2021$3,500,000$4,025,000 p. 58−13%
14BSep 10, 2021$3,550,000$4,075,000 p. 58−12.9%
3ESep 20, 2021$3,350,000$3,375,000 p. 58−0.7%
12COct 8, 2021$4,875,000$5,575,000 p. 58−12.6%
4BOct 15, 2021$3,900,000$4,425,000 p. 58−11.9%
11COct 15, 2021$4,650,000$5,500,000 p. 58−15.5%
3COct 21, 2021$2,701,723$2,650,000 p. 58+2%
15COct 28, 2021$5,150,000$5,725,000 p. 59−10%
6BNov 10, 2021$4,075,000$4,525,000 p. 58−9.9%
6CNov 15, 2021$5,500,000$5,600,000 p. 58−1.8%
5DNov 16, 2021$2,000,000$2,550,000 p. 58−21.6%
19BDec 15, 2021$9,109,303$9,700,000 p. 59−6.1%
3BDec 22, 2021$3,700,000$4,375,000 p. 58−15.4%
15ADec 22, 2021$6,100,000$7,000,000 p. 59−12.9%
PH30Jul 6, 2022$24,331,018$25,000,000 p. 59−2.7%
PH29Jul 19, 2022$25,215,893$25,000,000 p. 59+0.9%
28BOct 19, 2022$10,700,000$13,400,000 p. 59−20.1%
PH31Feb 21, 2023$15,353,368$20,000,000 p. 59−23.2%

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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
301 East 80th Realty LLC
Principals
Terrence Lowenberg, Todd Cohen
Tax estimate
Goldberg Weprin Finkel Goldstein, LLPPrepared the first-year real estate tax projection
Construction lender
Bank OZK$280 million recorded

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