301 East 81st Street Condominium
301 East 81st Street, Manhattan, NY 10075
Overview
- Units
- 32 residential · 1 commercial
- Subway
- 3 min walk to 86 St Q77 St 6, 9 min
- Developer
- Icon Realty Management
- Principals
- Terrence Lowenberg, Todd Cohen
- Average $/sf
- $2,629Homes in Schedule A, as first offered
- Common charges
- $1,771–$8,160 a monthSponsor's first-year estimate in Schedule A, May 1, 2020 – April 30, 2021
- Offering price
- $173 million total
- Floor plans
- Page 4 of the plan
The sponsor of record is 1562/1564 Second Realty LLC, represented by Seiden & Schein, P.C.. The offering plan runs 408 pages. The sponsor has filed 12 amendments, the latest in August 2021. The nearest other condo plan on file is 306 East 82nd Street Condominium, next door.
Plan CD180150 · New · accepted Dec 3, 2018 · AG record ↗
Compare
| Figure | This building1 | 40 East End229 units · 0.4 miaccepted 2018 | 150 East 78th325 units · 0.3 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.47In line | $1.05 | $1.64 |
| Average Offering PricePer Apartment | $5.77MLowest | $6.86M | $8.31M |
| Average PricePer Square Foot | $2,629Below peers | $2,707 | $3,234 |
| Property TaxesPer Square Foot / Month | $1.61Highest | $0.95 | $1.03 |
| Average Unit SizeSquare Feet | 2,196 SFSmaller | 2,534 SF | 2,570 SF |
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Unit mix, closings, budgets, finishes and the team, against 40 East End and 150 East 78th, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed97% of the homes in Schedule A | 31 of 32 |
| Closing prices vs. Schedule A30 homes: $134,335,557 at closing against $161,875,000 in Schedule A (p. 55) | −17% |
| Average closing price30 homes, on their Schedule A square feet | $2,193 / SF |
| Closingsfirst and latest recorded | Oct 14, 2020 – Dec 15, 2021 |
Sales recorded with the Department of Finance (ACRIS) through Apr 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 31 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4C | Oct 14, 2020 | $2,175,000 | $3,000,000 p. 55 | −27.5% |
| 14B | Oct 23, 2020 | $3,900,000 | $4,450,000 p. 55 | −12.4% |
| 10A | Oct 29, 2020 | $5,600,000 | $6,100,000 p. 55 | −8.2% |
| 11A | Nov 6, 2020 | $5,700,000 | $6,200,000 p. 55 | −8.1% |
| 4B | Dec 1, 2020 | $2,425,000 | $3,300,000 p. 55 | −26.5% |
| 5B | Dec 22, 2020 | $2,700,000 | $3,375,000 p. 55 | −20% |
| 9A | Feb 5, 2021 | $4,430,000 | $5,225,000 p. 55 | −15.2% |
| 5A | Feb 8, 2021 | $2,850,000 | $3,575,000 p. 55 | −20.3% |
| 3A | Feb 26, 2021 | $2,800,000 | $3,425,000 p. 55 | −18.2% |
| 12A | Mar 4, 2021 | $5,775,000 | $6,300,000 p. 55 | −8.3% |
| 7B | Mar 12, 2021 | $3,975,000 | $4,850,000 p. 55 | −18% |
| 10B | Mar 17, 2021 | $3,300,557 | $4,150,000 p. 55 | −20.5% |
| 12B | Mar 18, 2021 | $3,600,000 | $4,300,000 p. 55 | −16.3% |
| PH19 | Mar 18, 2021 | $7,400,000 | $9,500,000 p. 55 | −22.1% |
| 6A | Mar 26, 2021 | $2,950,000 | $3,725,000 p. 55 | −20.8% |
| 9B | Apr 1, 2021 | $4,400,000 | $5,075,000 p. 55 | −13.3% |
| 7A | Apr 6, 2021 | $4,150,000 | $5,000,000 p. 55 | −17% |
| 15A | Apr 8, 2021 | $10,753,368 | — | — |
| 4A | Apr 13, 2021 | $2,900,000 | $3,500,000 p. 55 | −17.1% |
| 3C | Apr 14, 2021 | $1,995,000 | $2,950,000 p. 55 | −32.4% |
| PH17 | Apr 26, 2021 | $10,000,000 | $12,000,000 p. 55 | −16.7% |
| 11B | May 5, 2021 | $3,475,000 | $4,225,000 p. 55 | −17.8% |
| 8B | May 11, 2021 | $4,235,000 | $4,925,000 p. 55 | −14% |
| 8A | May 12, 2021 | $4,400,000 | $5,075,000 p. 55 | −13.3% |
| 6C | Jun 14, 2021 | $2,250,000 | $3,150,000 p. 55 | −28.6% |
| 5C | Jun 24, 2021 | $2,225,000 | $3,050,000 p. 55 | −27% |
| PH20 | Jun 24, 2021 | $15,250,000 | $18,000,000 p. 55 | −15.3% |
| 6B | Jun 25, 2021 | $2,775,000 | $3,525,000 p. 55 | −21.3% |
| 14A | Jul 8, 2021 | $5,900,000 | $6,700,000 p. 55 | −11.9% |
| 3B | Sep 28, 2021 | $2,400,000 | $3,225,000 p. 55 | −25.6% |
| PH18 | Dec 15, 2021 | $8,400,000 | $10,000,000 p. 55 | −16% |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 1562/1564 Second Realty LLC
- Developer
- Icon Realty Management
- Principals
- Terrence Lowenberg, Todd Cohen
- Counsel
- Seiden & Schein, P.C.
- Tax estimate
- Goldberg Weprin Finkel Goldstein, LLPPrepared the first-year real estate tax projection
- Construction lender
- Bank OZK
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
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- Premier Condominiumnext door · 6 units · 2007
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