THE CONDO BOOK PROJECT

Parkmor Condominium

308-312 West 113th Street, Manhattan, NY 10026

Overview

Units
14 residential
Subway
4 min walk to Cathedral Pkwy (110 St) B C116 St B C, 4 min
Principals
Justin Meshberg, Dani Ilani, Earl Zinn, Jonathan Morr, Tzach Yanir, Yair Lowenstein
Average $/sf
$1,562Homes in Schedule A, as first offered
Common charges
$524–$1,160 a monthSponsor's first-year estimate in Schedule A, January 1, 2019 to December 31, 2019
Offering price
$29.4 million total $28.8 million when first offered

The sponsor of record is 308-312 W. 113th Street, LLC, represented by D'Agostino, Levine, Landesman & Lederman, LLP. The offering plan runs 413 pages. The sponsor has filed 9 amendments, the latest in June 2021. The nearest other condo plan on file is 315 West 112th Street Condominium, next door.

Plan CD170324 · New · accepted May 17, 2018 · AG record ↗

Compare

FigureThis building1Gracie Green221 units · 1.7 miaccepted 201999 Morningside322 units · 0.5 miaccepted 2019
Common ChargesPer Square Foot / Month$0.61Lowest$1.27$1.04
Average Offering PricePer Apartment$2.05MIn line$2.67M$1.91M
Average PricePer Square Foot$1,562In line$1,890$1,364
Property TaxesPer Square Foot / Month$0.45Lowest$1.37$1.12
Average Unit SizeSquare Feet1,315 SFSmaller1,411 SF1,403 SF

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Unit mix, closings, budgets, finishes and the team, against Gracie Green and 99 Morningside, 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 A14 of 14
Closing prices vs. Schedule A14 homes: $25,545,503 at closing against $28,752,641 in Schedule A (p. 52)−11.2%
Average closing price14 homes, on their Schedule A square feet$1,388 / SF
Closingsfirst and latest recordedApr 2, 2021 – Nov 4, 2022

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 2025: 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 14 closings
HomeRecordedClosing priceSchedule ADifference
202Apr 2, 2021$1,699,000$1,823,525 p. 52−6.8%
601Apr 9, 2021$2,975,000$2,988,148 p. 52−0.4%
302Apr 13, 2021$1,940,000$1,969,407 p. 52−1.5%
801May 4, 2021$2,650,000$2,663,485 p. 52−0.5%
301May 14, 2021$1,348,000$1,428,680 p. 52−5.6%
401Jun 25, 2021$1,354,500$1,448,118 p. 52−6.5%
101Aug 23, 2021$1,695,000$2,443,640 p. 52−30.6%
702Sep 17, 2021$1,781,938$2,234,391 p. 52−20.2%
201Oct 5, 2021$1,275,000$1,349,881 p. 52−5.5%
501Dec 9, 2021$1,428,000$1,499,837 p. 52−4.8%
602May 26, 2022$2,087,413$2,291,877 p. 52−8.9%
502Jun 22, 2022$1,895,000$2,182,740 p. 52−13.2%
402Jul 15, 2022$1,841,653$2,109,982 p. 52−12.7%
102Nov 4, 2022$1,575,000$2,318,932 p. 52−32.1%

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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
308-312 W. 113th Street, LLC
Developer
Meshberg GroupReported by web.archive.org
Principals
Justin Meshberg, Dani Ilani, Earl Zinn, Jonathan Morr, Tzach Yanir, Yair Lowenstein
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
G4 Capital Partners$13.2 million recorded

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

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