THE CONDO BOOK PROJECT

301 West 53rd Street Condominium

301 West 53rd Street, Manhattan, NY 10019

Overview

Units
262 residential · 2 commercial
Subway
3 min walk to 50 St C E59 St-Columbus Circle 1 A B C D, 3 min
Principals
Ziel Feldman
Average $/sf
$1,706Homes in Schedule A, as first offered
Common charges
$547–$957 a monthSponsor's first-year estimate in Schedule A, January 1, 2015 - December 31,2015
Offering price
$392.2 million total $340.6 million when first offered

The sponsor of record is 301 West 53rd Street Sponsor LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 507 pages. The sponsor has filed 27 amendments, the latest in July 2023. The nearest other condo plan on file is 310-318 West 53rd Street Condominium, next door.

Plan CD130300 · Conversion · accepted Dec 18, 2014 · AG record ↗

Compare

FigureThis building1Coda2138 units · 1.9 miaccepted 201588 & 90 Lex3122 units · 1.6 miaccepted 2015
Common ChargesPer Square Foot / Month$0.93Below peers$1.34$0.95
Average Offering PricePer Apartment$1.44MIn line$1.31M$2.36M
Average PricePer Square Foot$1,706Below peers$1,721$2,074
Property TaxesPer Square Foot / Month$1.12Lowest$1.65—
Average Unit SizeSquare Feet845 SFIn line759 SF1,140 SF

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Unit mix, closings, budgets, finishes and the team, against Coda and 88 & 90 Lex, 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 closed95% of the homes in Schedule A250 of 262
Closing prices vs. Schedule A241 homes: $359,097,734 at closing against $350,743,000 in Schedule A (p. 54, p. 55, p. 56, p. 57)+2.4%
Average closing price241 homes, on their Schedule A square feet$1,747 / SF
Closingsfirst and latest recordedJun 24, 2015 – Dec 12, 2023

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 250 closings
HomeRecordedClosing priceSchedule ADifference
6GJun 24, 2015$992,794$1,121,000 p. 54−11.4%
15KAug 31, 2015$1,896,061$1,824,000 p. 56+4%
7GSep 8, 2015$980,440$1,125,750 p. 54−12.9%
7KSep 8, 2015$1,741,810$1,710,000 p. 54+1.9%
12ESep 9, 2015$1,875,586$1,781,250 p. 55+5.3%
16BSep 9, 2015$1,436,182$1,363,250 p. 56+5.3%
16KSep 10, 2015$1,877,109$1,838,250 p. 56+2.1%
7JSep 15, 2015$998,333$1,125,750 p. 54−11.3%
14ESep 15, 2015$1,906,203$1,809,750 p. 55+5.3%
8HSep 16, 2015$999,300$1,111,500 p. 54−10.1%
22BSep 16, 2015$1,550,698$1,420,250 p. 57+9.2%
18ASep 17, 2015$1,932,169$1,866,750 p. 56+3.5%
10ASep 18, 2015$1,902,030$1,752,750 p. 55+8.5%
17DSep 18, 2015$1,421,159$1,363,250 p. 56+4.2%
17ESep 18, 2015$1,952,125$1,852,500 p. 56+5.4%
6JSep 21, 2015$997,293$1,121,000 p. 54−11%
9CSep 21, 2015$1,461,896$1,391,750 p. 55+5%
10ISep 21, 2015$983,513$1,121,000 p. 55−12.3%
13ASep 21, 2015$1,890,895$1,795,500 p. 55+5.3%
23BSep 21, 2015$1,578,920$1,429,750 p. 57+10.4%
24ASep 21, 2015$2,166,193$1,952,250 p. 57+11%
8GSep 22, 2015$999,373$1,130,500 p. 54−11.6%
8ISep 22, 2015$999,300$1,111,500 p. 55−10.1%
12BSep 24, 2015$1,370,438$1,325,250 p. 55+3.4%
12KSep 24, 2015$1,850,136$1,781,250 p. 55+3.9%
16CSep 24, 2015$1,533,369$1,458,250 p. 56+5.2%
6HSep 25, 2015$992,794$1,102,000 p. 54−9.9%
13BSep 25, 2015$1,435,000$1,334,750 p. 55+7.5%
9ASep 28, 2015$1,829,664$1,738,500 p. 55+5.2%
7CSep 29, 2015$1,507,661$1,372,750 p. 54+9.8%
10GSep 29, 2015$1,001,456$1,140,000 p. 55−12.2%
11HSep 29, 2015$990,497$1,125,750 p. 55−12%
12GSep 29, 2015$1,149,633$1,149,500 p. 55+0%
17BSep 29, 2015$1,446,391$1,372,750 p. 56+5.4%
25BSep 29, 2015$1,571,823$1,448,750 p. 57+8.5%
8ASep 30, 2015$1,807,394$1,724,250 p. 54+4.8%
13CSep 30, 2015$1,501,437$1,429,750 p. 55+5%
18BSep 30, 2015$1,421,750$1,382,250 p. 56+2.9%
22ESep 30, 2015$1,992,302$1,923,750 p. 57+3.6%
20EOct 1, 2015$1,998,047$1,895,250 p. 56+5.4%
18EOct 2, 2015$1,959,432$1,866,750 p. 56+5%
11IOct 5, 2015$1,002,420$1,125,750 p. 55−11%
10BOct 6, 2015$1,437,114$1,306,250 p. 55+10%
8JOct 7, 2015$1,000,392$1,130,500 p. 55−11.5%
16AOct 7, 2015$1,902,103$1,838,250 p. 56+3.5%
16EOct 7, 2015$1,882,103$1,838,250 p. 56+2.4%
7HOct 9, 2015$1,002,538$1,106,750 p. 54−9.4%
15COct 13, 2015$1,570,966$1,448,750 p. 55+8.4%
15EOct 13, 2015$1,891,510$1,824,000 p. 56+3.7%
11AOct 14, 2015$1,917,063$1,767,000 p. 55+8.5%
12IOct 14, 2015$1,160,004$1,149,500 p. 55+0.9%
5GOct 15, 2015$978,477$1,116,250 p. 54−12.3%
9FOct 21, 2015$1,772,003$1,657,750 p. 55+6.9%
17COct 26, 2015$1,619,948$1,467,750 p. 56+10.4%
9HOct 27, 2015$982,491$1,116,250 p. 55−12%
11JOct 27, 2015$1,039,611$1,144,750 p. 55−9.2%
23DOct 27, 2015$1,550,673$1,420,250 p. 57+9.2%
15BOct 29, 2015$1,502,343$1,353,750 p. 55+11%
8KOct 30, 2015$1,772,939$1,724,250 p. 55+2.8%
10HOct 30, 2015$991,590$1,121,000 p. 55−11.5%
23EOct 30, 2015$2,043,969$1,938,000 p. 57+5.5%
24COct 30, 2015$709,232$1,534,250 p. 57−53.8%
25ENov 2, 2015$2,074,901$1,966,500 p. 57+5.5%
25FNov 5, 2015$1,997,544$1,885,750 p. 57+5.9%
6INov 12, 2015$1,000,784$1,102,000 p. 54−9.2%
12JNov 12, 2015$1,149,990$1,149,500 p. 55+0%
10KNov 13, 2015$1,812,485$1,752,750 p. 55+3.4%
25ANov 19, 2015$2,181,501$2,037,750 p. 57+7.1%
9KNov 20, 2015$1,788,108$1,738,500 p. 55+2.9%
5IDec 1, 2015$978,405$1,097,250 p. 54−10.8%
13EDec 4, 2015$1,857,133$1,795,500 p. 55+3.4%
8CDec 9, 2015$1,490,770$1,382,250 p. 54+7.9%
24DDec 14, 2015$1,589,078$1,429,750 p. 57+11.1%
12FDec 16, 2015$1,807,104$1,700,500 p. 55+6.3%
11GDec 18, 2015$1,002,496$1,144,750 p. 55−12.4%
21EDec 18, 2015$2,013,355$1,909,500 p. 56+5.4%
5HDec 29, 2015$987,293$1,097,250 p. 54−10%
14DDec 30, 2015$1,403,245$1,334,750 p. 55+5.1%
19EDec 30, 2015$1,982,740$1,881,000 p. 56+5.4%
9GJan 4, 2016$974,983$1,135,250 p. 55−14.1%
22CJan 4, 2016$1,661,128$1,515,250 p. 57+9.6%
16DJan 5, 2016$1,502,320$1,353,750 p. 56+11%
2AJan 6, 2016$1,585,048$1,550,000 p. 54+2.3%
4JJan 8, 2016$998,776$1,116,250 p. 54−10.5%
24EJan 12, 2016$2,059,277$1,952,250 p. 57+5.5%
5JJan 15, 2016$999,817$1,116,250 p. 54−10.4%
7AJan 15, 2016$1,890,691$1,710,000 p. 54+10.6%
25GJan 22, 2016$1,271,370$1,211,250 p. 57+5%
21DJan 26, 2016$1,530,622$1,401,250 p. 56+9.2%
3HJan 27, 2016$976,362$1,092,500 p. 54−10.6%
25CJan 27, 2016$1,711,815$1,543,750 p. 57+10.9%
18CJan 28, 2016$3,152,894$1,477,250 p. 56+113.4%
15DFeb 1, 2016$1,465,467$1,344,250 p. 56+9%
25KFeb 5, 2016$2,156,051$1,966,500 p. 57+9.6%
22DFeb 9, 2016$1,568,662$1,410,750 p. 57+11.2%
12AFeb 12, 2016$1,930,127$1,781,250 p. 55+8.4%
2IFeb 24, 2016$2,379,708$1,140,000 p. 54+108.7%
21CFeb 25, 2016$1,651,009$1,505,750 p. 56+9.6%
3GFeb 29, 2016$994,172$1,106,750 p. 54−10.2%
4GMar 4, 2016$986,334$1,116,250 p. 54−11.6%
4IMar 4, 2016$995,140$1,097,250 p. 54−9.3%
23AMar 14, 2016$2,150,886$1,938,000 p. 57+11%
3IMar 15, 2016$994,101$1,092,500 p. 54−9%
11EMar 16, 2016$1,843,671$1,767,000 p. 55+4.3%
4FMar 18, 2016$1,666,834$1,600,750 p. 54+4.1%
9JMar 23, 2016$1,964,894$1,135,250 p. 55+73.1%
8FMar 25, 2016$1,781,938$1,643,500 p. 54+8.4%
4HMar 30, 2016$977,383$1,097,250 p. 54−10.9%
11CMar 31, 2016$1,534,679$1,410,750 p. 55+8.8%
15GApr 6, 2016$1,154,699$1,163,750 p. 56−0.8%
6KApr 8, 2016$1,833,418$1,695,750 p. 54+8.1%
14CApr 14, 2016$1,575,127$1,439,250 p. 55+9.4%
21FApr 15, 2016$1,952,409$1,828,750 p. 56+6.8%
13FApr 22, 2016$1,832,140$1,714,750 p. 55+6.8%
5KApr 26, 2016$1,771,868$1,681,500 p. 54+5.4%
11BApr 28, 2016$1,451,327$1,315,750 p. 55+10.3%
19CApr 28, 2016$3,015,484$1,486,750 p. 56+102.8%
19IApr 28, 2016$2,444,494$1,163,750 p. 56+110.1%
6EFApr 29, 2016$3,413,797——
9BMay 2, 2016$1,395,360$1,296,750 p. 55+7.6%
16GMay 4, 2016$1,184,721$1,168,500 p. 56+1.4%
12CMay 17, 2016$1,535,882$1,420,250 p. 55+8.1%
10CMay 19, 2016$1,505,826$1,401,250 p. 55+7.5%
11DMay 19, 2016$1,415,365$1,306,250 p. 55+8.4%
11FMay 25, 2016$1,818,450$1,686,250 p. 55+7.8%
13DJun 6, 2016$1,460,057$1,325,250 p. 55+10.2%
24FJun 7, 2016$1,997,510$1,871,500 p. 57+6.7%
11KJun 8, 2016$1,882,070$1,767,000 p. 55+6.5%
10FJun 10, 2016$1,803,279$1,672,000 p. 55+7.9%
3DJun 21, 2016$1,335,160$1,239,750 p. 54+7.7%
25DJun 23, 2016$1,581,924$1,439,250 p. 57+9.9%
7FJun 28, 2016$1,741,935$1,629,250 p. 54+6.9%
10EJun 29, 2016$1,797,029$1,752,750 p. 55+2.5%
7BJun 30, 2016$1,385,309$1,277,750 p. 54+8.4%
24KJun 30, 2016$2,102,510$1,952,250 p. 57+7.7%
16FJul 11, 2016$1,885,773$1,757,500 p. 56+7.3%
23FJul 11, 2016$2,000,498$1,857,250 p. 57+7.7%
18KJul 26, 2016$2,007,308$1,866,750 p. 56+7.5%
10DJul 27, 2016$1,405,339$1,296,750 p. 55+8.4%
5FJul 29, 2016$1,711,868$1,600,750 p. 54+6.9%
14FJul 29, 2016$1,880,753$1,729,000 p. 55+8.8%
9EAug 5, 2016$1,821,497$1,738,500 p. 55+4.8%
6AAug 22, 2016$1,841,895$1,695,750 p. 54+8.6%
12DAug 24, 2016$1,438,191$1,315,750 p. 55+9.3%
5CAug 31, 2016$1,464,006$1,353,750 p. 54+8.1%
20IJSep 7, 2016$2,466,757——
17HOct 4, 2016$1,149,665$1,154,250 p. 56−0.4%
17IOct 4, 2016$1,149,665$1,154,250 p. 56−0.4%
18GOct 26, 2016$1,219,765$1,178,000 p. 56+3.5%
5BOct 28, 2016$1,360,257$1,258,750 p. 54+8.1%
18FNov 17, 2016$1,903,107$1,786,000 p. 56+6.6%
17FDec 1, 2016$1,900,848$1,771,750 p. 56+7.3%
16JDec 12, 2016$1,231,712$1,168,500 p. 56+5.4%
7DDec 15, 2016$1,375,262$1,268,250 p. 54+8.4%
17KDec 15, 2016$1,826,378$1,852,500 p. 56−1.4%
22FDec 15, 2016$1,967,443$1,843,000 p. 57+6.8%
2GHDec 19, 2016$2,423,139——
6CJan 6, 2017$1,460,714$1,363,250 p. 54+7.1%
19FJan 17, 2017$1,945,408$1,800,250 p. 56+8.1%
19KJan 17, 2017$2,036,488$1,881,000 p. 56+8.3%
6BJan 18, 2017$1,400,286$1,268,250 p. 54+10.4%
2FJan 26, 2017$1,867,626$1,676,750 p. 54+11.4%
8DJan 31, 2017$1,385,288$1,277,750 p. 54+8.4%
15FFeb 3, 2017$1,862,207$1,743,250 p. 56+6.8%
6DFeb 21, 2017$1,365,237$1,258,750 p. 54+8.5%
17AMar 1, 2017$1,849,282$1,852,500 p. 56−0.2%
4KMar 3, 2017$1,780,000$1,667,250 p. 54+6.8%
3BMar 8, 2017$1,355,206$1,249,250 p. 54+8.5%
4BMar 8, 2017$1,365,231$1,258,750 p. 54+8.5%
9DMar 8, 2017$1,395,313$1,287,250 p. 55+8.4%
16HMay 8, 2017$1,033,077$1,149,500 p. 56−10.1%
13KMay 11, 2017$1,962,180$1,795,500 p. 55+9.3%
18HMay 18, 2017$1,058,577$1,159,000 p. 56−8.7%
14KMay 22, 2017$1,959,830$1,809,750 p. 55+8.3%
3KMay 31, 2017$1,765,000$1,653,000 p. 54+6.8%
7EMay 31, 2017$1,900,874$1,710,000 p. 54+11.2%
20FJun 7, 2017$1,954,987$1,814,500 p. 56+7.7%
17JJun 23, 2017$1,048,449$1,173,250 p. 56−10.6%
18JJun 23, 2017$1,058,654$1,178,000 p. 56−10.1%
18IJun 27, 2017$1,058,577$1,159,000 p. 56−8.7%
15HJun 28, 2017$1,017,782$1,144,750 p. 56−11.1%
8EJul 10, 2017$1,906,962$1,724,250 p. 54+10.6%
2KJul 24, 2017$1,932,626$1,550,000 p. 54+24.7%
19GJul 25, 2017$1,191,048$1,182,750 p. 56+0.7%
19HJul 25, 2017$1,175,697$1,163,750 p. 56+1%
21HAug 1, 2017$1,154,753$1,173,250 p. 56−1.6%
5EAug 15, 2017$1,837,662$1,681,500 p. 54+9.3%
21GAug 22, 2017$1,179,831$1,192,250 p. 56−1%
19ASep 7, 2017$1,807,202$1,881,000 p. 56−3.9%
14GSep 12, 2017$2,309,276$1,159,000 p. 55+99.2%
21ISep 22, 2017$1,134,753$1,173,250 p. 56−3.3%
15AOct 10, 2017$1,789,138$1,824,000 p. 55−1.9%
21AOct 27, 2017$1,807,269$1,909,500 p. 56−5.4%
22INov 1, 2017$1,095,320$1,178,000 p. 57−7%
15IJNov 3, 2017$2,459,320——
22GNov 17, 2017$1,154,853$1,197,000 p. 57−3.5%
22JNov 17, 2017$1,154,853$1,197,000 p. 57−3.5%
25JNov 21, 2017$1,184,919$1,211,250 p. 57−2.2%
3JNov 30, 2017$343,389$1,106,750 p. 54−69%
7INov 30, 2017$344,802$1,106,750 p. 54−68.8%
8BNov 30, 2017$454,761$1,287,250 p. 54−64.7%
10JNov 30, 2017$383,310$1,140,000 p. 55−66.4%
13INov 30, 2017$401,063$1,135,250 p. 55−64.7%
17GNov 30, 2017$414,487$1,173,250 p. 56−64.7%
20GNov 30, 2017$419,521$1,187,500 p. 56−64.7%
23CNov 30, 2017$538,666$1,524,750 p. 57−64.7%
25HDec 19, 2017$1,184,839$1,192,250 p. 57−0.6%
23GDec 22, 2017$1,184,875$1,201,750 p. 57−1.4%
21JJan 4, 2018$1,179,831$1,192,250 p. 57−1%
16IFeb 15, 2018$1,089,648$1,149,500 p. 56−5.2%
24JFeb 21, 2018$1,189,897$1,206,500 p. 57−1.4%
24GMar 6, 2018$1,189,897$1,206,500 p. 57−1.4%
20BMar 16, 2018$1,310,641$1,401,250 p. 56−6.5%
14IJMar 19, 2018$2,344,276——
23JMar 27, 2018$1,174,875$1,201,750 p. 57−2.2%
20AApr 4, 2018$1,807,368$1,895,250 p. 56−4.6%
22HApr 16, 2018$1,162,774$1,178,000 p. 57−1.3%
23HApr 30, 2018$1,172,796$1,182,750 p. 57−0.8%
14AMay 22, 2018$1,757,036$1,809,750 p. 55−2.9%
12HJun 8, 2018$1,024,039$1,130,500 p. 55−9.4%
4EJun 21, 2018$1,741,828$1,667,250 p. 54+4.5%
20HSep 12, 2018$1,144,526$1,168,500 p. 56−2.1%
21BOct 25, 2018$1,313,129$1,410,750 p. 56−6.9%
25INov 1, 2018$1,165,333$1,192,250 p. 57−2.3%
19BDec 11, 2018$1,278,850$1,391,750 p. 56−8.1%
13JDec 14, 2018$995,000$1,154,250 p. 55−13.8%
24BFeb 4, 2019$1,369,414$1,439,250 p. 57−4.9%
24HApr 25, 2019$1,164,817$1,187,500 p. 57−1.9%
3EJul 25, 2019$1,676,794$1,653,000 p. 54+1.4%
13GOct 15, 2019$2,209,233$1,154,250 p. 55+91.4%
23IDec 30, 2019$1,044,796$1,182,750 p. 57−11.7%
4DMar 19, 2020$1,255,186$1,249,250 p. 54+0.5%
22AJun 15, 2020$1,507,302$1,923,750 p. 57−21.6%
24IMay 28, 2021$1,020,000$1,187,500 p. 57−14.1%
3CAug 10, 2021$1,408,685$1,344,250 p. 54+4.8%
14BNov 10, 2021$1,266,130$1,344,250 p. 55−5.8%
22KNov 22, 2021$1,650,000$1,923,750 p. 57−14.2%
5AJan 5, 2022$1,630,000$1,681,500 p. 54−3.1%
23KJan 24, 2022$1,700,000$1,938,000 p. 57−12.3%
21KMar 10, 2022$1,700,000$1,909,500 p. 57−11%
4CMay 11, 2022$1,425,000$1,353,750 p. 54+5.3%
20KJul 20, 2022$1,650,000$1,895,250 p. 56−12.9%
GARAGSep 23, 2022$8,250,000——
RETAISep 23, 2022$27,000,000——
20CDDec 28, 2022$2,275,000——
4AMar 15, 2023$1,580,000$1,667,250 p. 54−5.2%
3FApr 17, 2023$1,535,000$1,586,500 p. 54−3.2%
2IJApr 27, 2023$1,905,000——
3AMay 24, 2023$1,570,000$1,653,000 p. 54−5%
5DDec 12, 2023$1,050,000$1,249,250 p. 54−15.9%

Pro

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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 West 53rd Street Sponsor LLC
Principals
Ziel Feldman
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
Deutsche Bank Trust Company AmericasLender on the mortgage and building loan agreement recorded December 2013 in ACRIS; $207.8 million recorded

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

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