THE CONDO BOOK PROJECT

336 E. 54th Street Condominium

336 East 54th Street, Manhattan, NY 10022

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Overview

Units
10 residential
Subway
5 min walk to Lexington Av/51-53 Sts 6 E F MLexington Av/59 St 4 5 6 N R W, 10 min
Average $/sf
$2,370Homes in Schedule A, as first offered
Common charges
$1,274–$1,520 a monthSponsor's first-year estimate in Schedule A, July 1, 2017 through June 30, 2018
Offering price
$23.4 million total $20.7 million when first offered

The sponsor of record is 336 East 54th Street Associates LLC, represented by Goldenberg & Selker, LLP. The offering plan runs 262 pages. The sponsor has filed 3 amendments, the latest in June 2017. The nearest other condo plan on file is 325 East 53rd Street, next door.

Plan CD160411 · Rehab · accepted Mar 8, 2017 · AG record ↗

Compare

FigureThis building1The Gianna25 units · 0.6 miaccepted 2017Park Mansion36 units · 1.4 miaccepted 2016
Common ChargesPer Square Foot / Month$1.60Above peers$1.42$0.98
Average Offering PricePer Apartment$2.07MLowest$5.95M$7.03M
Average PricePer Square Foot$2,370In line$3,076$2,281
Property TaxesPer Square Foot / Month$1.70In line$1.14$1.93
Average Unit SizeSquare Feet875 SFSmallest1,935 SF3,083 SF

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Unit mix, closings, budgets, finishes and the team, against The Gianna and Park Mansion, 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 A10 of 10
Closing prices vs. Schedule A8 homes: $6,805,000 at closing against $16,100,000 in Schedule A (p. 27)−57.7%
Average closing price8 homes, on their Schedule A square feet$972 / SF
Closingsfirst and latest recordedAug 10, 2023 – Aug 15, 2024

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2025: 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
2AAug 10, 2023$770,000$1,612,500 p. 27−52.2%
3ASep 1, 2023$830,000$1,687,500 p. 27−50.8%
2BSep 7, 2023$785,000$2,150,000 p. 27−63.5%
5BSep 8, 2023$925,000$2,450,000 p. 27−62.2%
4ASep 14, 2023$910,000$1,762,500 p. 27−48.4%
3BNov 28, 2023$850,000$2,250,000 p. 27−62.2%
4BDec 4, 2023$860,000$2,350,000 p. 27−63.4%
TSBMar 22, 2024$977,520——
5AMay 23, 2024$875,000$1,837,500 p. 27−52.4%
TSAJun 27, 2024$885,000——
GARDAug 15, 2024$690,000——

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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
336 East 54th Street Associates LLC
Counsel
Goldenberg & Selker, LLP
Tax estimate
Paul J. Korngold of Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection
Construction lender
Bank of Smithtown

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

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