THE CONDO BOOK PROJECT

324 E4th Condominium

324 East 4th Street, Manhattan, NY 10009

Overview

Units
11 residential
Subway
12 min walk to 2 Av FDelancey St-Essex St F J M Z, 13 min
Offering price
$11.8 million total $10.3 million when first offered

The sponsor of record is 324e4 LLC, represented by Cassin & Cassin LLP. The sponsor has filed 9 amendments, the latest in October 2019. The nearest other condo plan on file is 296 East Second Street Condominium, next door.

Plan CD140217 · New · accepted Jan 26, 2015 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan11 of 11
Closingsfirst and latest recordedJul 28, 2016 – Nov 3, 2016

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2023: 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 11 closings
HomeRecordedClosing priceSchedule ADifference
2AJul 28, 2016$1,395,797——
6BJul 28, 2016$792,813——
1AAug 16, 2016$1,507,010——
PHSep 1, 2016$2,295,759——
6ASep 7, 2016$800,000——
3BSep 12, 2016$772,852——
3ASep 21, 2016$762,669——
4ANov 3, 2016$1,034,880one deed, 4 homes——
4BNov 3, 2016$1,034,880one deed, 4 homes——
5ANov 3, 2016$1,034,880one deed, 4 homes——
5BNov 3, 2016$1,034,880one deed, 4 homes——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Team

Sponsor
324e4 LLC
Construction lender
Valley National BankLender on the mortgage and building loan agreement recorded May 2014 in ACRIS; $4.8 million recorded

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

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