THE CONDO BOOK PROJECT

33 East 74th Street Condominium

33 East 74th Street, Manhattan, NY 10021

Overview

Units
10 residential · 1 commercial
Subway
6 min walk to 77 St 668 St-Hunter College 6, 10 min
Principals
Daniel E. Straus
Offering price
$254.9 million total $248.5 million when first offered

The sponsor of record is Jzs Madison, LLC, represented by Schwartz Sladkus Reich Greenberg Atlas LLP. The offering plan runs 481 pages. The sponsor has filed 11 amendments, the latest in August 2019. The nearest other condo plan on file is 8 East Street Condominium, next door.

Plan CD130032 · New · accepted Nov 18, 2013 · AG record ↗

Compare

FigureThis building1151 East 78th214 units · 0.3 miaccepted 2014155 East 79th37 units · 0.3 miaccepted 2014
Average Offering PricePer Apartment$24.71MHighest$12.79M$12.49M

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 151 East 78th and 155 East 79th, cited to the offering plans. No credit card required.

Create a free account
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 closed90% of the homes in Schedule A9 of 10
Closing prices vs. Schedule A9 homes: $190,847,142 at closing against $210,100,000 in Schedule A (p. 28)−9.2%
Closingsfirst and latest recordedJan 20, 2016 – Jul 17, 2017

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 2022: 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 9 closings
HomeRecordedClosing priceSchedule ADifference
5BJan 20, 2016$14,650,000$15,250,000 p. 28−3.9%
4AFeb 3, 2016$15,782,875$15,750,000 p. 28+0.2%
PH-3Feb 26, 2016$31,000,000$32,000,000 p. 28−3.1%
THApr 28, 2016$42,766,500$50,000,000 p. 28−14.5%
5AMay 17, 2016$17,310,250$16,250,000 p. 28+6.5%
4BMay 20, 2016$14,100,000$14,750,000 p. 28−4.4%
3BJul 14, 2016$14,815,538$14,550,000 p. 28+1.8%
3ADec 14, 2016$14,965,729$15,550,000 p. 28−3.8%
PH-2Jul 17, 2017$25,456,250$36,000,000 p. 28−29.3%

Pro

Closings are for subscribers

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

Subscribe to seeAlready a member? Sign in

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
Jzs Madison, LLC
Principals
Daniel E. Straus
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection

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

Nearby