THE CONDO BOOK PROJECT

Pearl On The Park Condominium

33 Park Row, Manhattan, NY 10038

Overview

Units
31 residential · 1 commercial
Subway
2 min walk to Brooklyn Bridge-City Hall/Chambers St 4 5 6 J ZFulton St 2 3 4 5 A C J Z, 3 min
Developer
Urban Muse
Principals
Glauco Lolli-Ghetti
Offering price
$139.2 million total $146.2 million when first offered

The sponsor of record is One Beekman Owner, LLC, represented by Holland & Knight LLP. The offering plan runs 531 pages. The sponsor has filed 9 amendments, the latest in November 2025. The nearest other condo plan on file is Beekman Residences Condominium, next door.

Plan CD160278 · New · accepted Jun 2, 2017 · AG record ↗

Compare

FigureThis building175 Kenmare238 units · 0.9 miaccepted 201730 Warren323 units · 0.2 miaccepted 2016
Average Offering PricePer Apartment$4.72MAbove peers$3.68M$4.26M

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Unit mix, closings, budgets, finishes and the team, against 75 Kenmare and 30 Warren, 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 closed90% of the homes in the plan28 of 31
Closingsfirst and latest recordedJun 15, 2022 – Mar 13, 2026

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 28 closings
HomeRecordedClosing priceSchedule ADifference
9BJun 15, 2022$3,500,000——
PH2Jun 22, 2022$11,000,000——
6BJun 29, 2022$3,360,000——
8BJul 13, 2022$3,495,000——
15BOct 7, 2022$2,925,000——
9AOct 17, 2022$2,225,000——
12BOct 31, 2022$2,800,000——
8ANov 1, 2022$2,200,000——
7BNov 17, 2022$3,340,000——
7ANov 29, 2022$2,150,000——
6AApr 26, 2023$2,135,000——
18AMay 19, 2023$3,550,000——
17ASep 20, 2023$3,460,000——
12AMay 1, 2024$5,255,000——
9CMay 9, 2024$1,780,000——
7CMay 13, 2024$1,735,000——
14BJul 1, 2024$2,725,000——
16BAug 20, 2024$2,825,000——
8COct 10, 2024$1,760,000——
11ANov 6, 2024$5,180,000——
11BDec 23, 2024$2,705,000——
14ADec 30, 2024$5,350,000——
10AMay 5, 2025$4,895,000——
10BMay 5, 2025$2,700,000——
17BOct 14, 2025$4,700,000——
15ANov 25, 2025$5,625,000——
PH3Dec 16, 2025$18,500,000——
18BMar 13, 2026$4,200,000——

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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
One Beekman Owner, LLC
Developer
Urban Muse
Principals
Glauco Lolli-Ghetti
Tax estimate
Podell, Schwartz, Schechter & Banfield, LLPPrepared the first-year real estate tax projection
Construction lenders
Bank OZK, CIM Real Estate Credit$67.2 million recorded

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

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