Matteo Condominium
323 East 79th Street, Manhattan, NY 10075
Overview
- Units
- 14 residential · 10 storage
- Subway
- 6 min walk to 86 St Q77 St 6, 8 min
- Developer
- BFC Partners
- Average $/sf
- $2,164Homes in Schedule A, as first offered
- Common charges
- $2,198–$3,159 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
- Offering price
- $59.3 million total
- Floor plans
- Page 4 of the plan
The sponsor of record is Boomerang 79 LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 322 pages. The sponsor has filed 3 amendments, the latest in October 2024. The nearest other condo plan on file is 300 East 79th Street Condominium, next door.
Plan CD220186 · New · accepted Apr 11, 2023 · AG record ↗
Compare
| Figure | This building1 | Arloparc228 units · 0.5 miaccepted 2023 | Fifteen321 units · 1.5 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.18In line | $0.92 | $1.29 |
| Average Offering PricePer Apartment | $4.22MBelow peers | $4.73M | $6.14M |
| Average PricePer Square Foot | $2,164Below peers | $2,477 | $2,962 |
| Property TaxesPer Square Foot / Month | $1.69In line | $1.89 | $1.08 |
| Average Unit SizeSquare Feet | 1,949 SFIn line | 1,909 SF | 2,074 SF |
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Unit mix, closings, budgets, finishes and the team, against Arloparc and Fifteen, cited to the offering plans. No credit card required.
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- 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 closed100% of the homes in Schedule A | 14 of 14 |
| Closing prices vs. Schedule A14 homes: $38,343,747 at closing against $59,025,000 in Schedule A (p. 58) | −35% |
| Average closing price14 homes, on their Schedule A square feet | $1,406 / SF |
| Closingsfirst and latest recorded | Aug 2, 2024 – Jan 31, 2025 |
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
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3 | Aug 2, 2024 | $2,800,188 | $3,750,000 p. 58 | −25.3% |
| 16 | Oct 1, 2024 | $2,784,914 | $4,550,000 p. 58 | −38.8% |
| 14 | Oct 7, 2024 | $2,927,469 | $4,400,000 p. 58 | −33.5% |
| 15 | Oct 8, 2024 | $2,851,100 | $4,475,000 p. 58 | −36.3% |
| 10 | Oct 11, 2024 | $2,650,000 | $4,175,000 p. 58 | −36.5% |
| 12 | Nov 7, 2024 | $2,739,270 | $4,325,000 p. 58 | −36.7% |
| 11 | Nov 13, 2024 | $2,610,000 | $4,250,000 p. 58 | −38.6% |
| 1 | Nov 15, 2024 | $3,765,000 | $5,500,000 p. 58 | −31.5% |
| 8 | Nov 18, 2024 | $2,550,000 | $4,000,000 p. 58 | −36.3% |
| 9 | Dec 17, 2024 | $2,540,000 | $4,100,000 p. 58 | −38% |
| 6 | Jan 13, 2025 | $2,555,808 | $3,900,000 p. 58 | −34.5% |
| 7 | Jan 14, 2025 | $2,550,000 | $3,950,000 p. 58 | −35.4% |
| 4 | Jan 22, 2025 | $2,515,000 | $3,800,000 p. 58 | −33.8% |
| 5 | Jan 31, 2025 | $2,505,000 | $3,850,000 p. 58 | −34.9% |
Pro
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
- Boomerang 79 LLC
- Developer
- BFC Partners
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- Jerome Mazursky, M.A.I., C.A.E.Prepared the first-year real estate tax projection
- Construction lender
- S3 Capital$31 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 300 East 79th Street Condominiumnext door · 40 units · 2007
- 301 East 80th Street Condominiumnext door · 72 units · 2018
- 318 East 81st Street Condominiumnext door · 6 units · 2017
- 350 East 81st Street Condominiumnext door · 3 units · 2020
- 301 East 81st Street Condominium0.1 mi · 32 units · 2018
- Arcadia Condominium0.1 mi · 53 units · 2004