THE CONDO BOOK PROJECT

374 Manhattan Condominium

316 West 116th Street, Manhattan, NY 10026

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Overview

Units
14 residential
Subway
1 min walk to 116 St B CCathedral Pkwy (110 St) B C, 7 min
Principals
David Hirsch, James Fillas, Phillip Morrow
Average $/sf
$399Homes in Schedule A, as first offered
Common charges
$368–$571 a monthSponsor's first-year estimate in Schedule A, -
Offering price
$10.6 million total

The sponsor of record is Harlem Infil LLC, represented by Herrick, Feinstein LLP. The offering plan runs 320 pages. The sponsor has filed 8 amendments, the latest in August 2006. The nearest other condo plan on file is Morningside Condominium, next door.

Plan CD050102 · New · accepted Oct 3, 2005 · AG record ↗

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FigureThis building1Palomar215 units · 0.1 miaccepted 2007Bridge313 units · 1.1 miaccepted 2006
Common ChargesPer Square Foot / Month$0.27Lowest$0.70$0.80
Average Offering PricePer Apartment$754,776Above peers$683,216$646,923
Average PricePer Square Foot$399Lowest$563$669
Average Unit SizeSquare Feet1,893 SFLargest1,213 SF967 SF

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Unit mix, closings, budgets, finishes and the team, against Palomar and Bridge, 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 A9 homes: $8,316,364 at closing against $7,214,435 in Schedule A (p. 25)+15.3%
Average closing price9 homes, on their Schedule A square feet$459 / SF
Closingsfirst and latest recordedMar 12, 2006 – Sep 5, 2006

Sales recorded with the Department of Finance (ACRIS) through Jun 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 14 closings
HomeRecordedClosing priceSchedule ADifference
PHAMar 12, 2006$954,100——
2AMar 17, 2006$954,100$800,000 p. 25+19.3%
PHBMar 20, 2006$766,132——
5BMar 21, 2006$954,035$851,760 p. 25+12%
4BMar 23, 2006$952,064$841,620 p. 25+13.1%
5AMar 30, 2006$940,863$840,000 p. 25+12%
2BApr 7, 2006$952,064$811,200 p. 25+17.4%
1CApr 26, 2006$659,114$588,375 p. 25+12%
1BMay 9, 2006$701,371——
3AMay 16, 2006$966,319$820,000 p. 25+17.8%
4AMay 19, 2006$954,175$830,000 p. 25+15%
1DMay 30, 2006$826,819——
1AJul 27, 2006$650,481——
3BSep 5, 2006$983,630$831,480 p. 25+18.3%

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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
Harlem Infil LLC
Principals
David Hirsch, James Fillas, Phillip Morrow
Tax estimate
R&J Realty Services Inc.Prepared the first-year real estate tax projection

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

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