THE CONDO BOOK PROJECT

34 West 17th Street Condominium

34 West 17th Street, Manhattan, NY 10011

Overview

Units
9 residential · 1 commercial
Subway
3 min walk to 14 St/6 Av 1 2 3 F L M14 St-Union Sq 4 5 6 B D F L M N Q R W, 6 min
Developers
Atkins & Breskin, L.L.C., Breskin Family Partners, Goa DV LLC
Principals
Jerry Atkins
Average $/sf
$1,979Homes in Schedule A, as first offered
Offering price
$39.8 million total $45.4 million when first offered

The sponsor of record is 34 17th Street Project LLC, represented by Warshaw Burstein, LLP. The offering plan runs 398 pages. The sponsor has filed 4 amendments, the latest in March 2018. The nearest other condo plan on file is 16 West 18 Street Condominium, next door.

Plan CD150377 · Rehab · accepted Jul 11, 2016 · AG record ↗

Compare

FigureThis building1The Monaco210 units · 2 miaccepted 201778 Irving Place37 units · 0.4 miaccepted 2015
Common ChargesPer Square Foot / Month$1.06Lowest$1.60$1.82
Average Offering PricePer Apartment$4.42MIn line$2.07M$7.64M
Average PricePer Square Foot$1,979Lowest$2,370$3,157
Average Unit SizeSquare Feet2,235 SFIn line875 SF2,418 SF

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Unit mix, closings, budgets, finishes and the team, against The Monaco and 78 Irving Place, 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 A9 of 9
Closing prices vs. Schedule A9 homes: $37,716,071 at closing against $39,822,950 in Schedule A (p. 42)−5.3%
Average closing price9 homes, on their Schedule A square feet$1,875 / SF
Closingsfirst and latest recordedApr 5, 2017 – Sep 24, 2018

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 10 closings
HomeRecordedClosing priceSchedule ADifference
5Apr 5, 2017$3,885,131$4,240,800 p. 42−8.4%
4Apr 7, 2017$3,945,719$4,129,200 p. 42−4.4%
10Apr 12, 2017$5,375,000$5,532,000 p. 42−2.8%
2Apr 17, 2017$3,700,000$3,862,250 p. 42−4.2%
3May 3, 2017$3,871,896$4,017,600 p. 42−3.6%
6May 10, 2017$4,050,000$4,354,350 p. 42−7%
8Aug 10, 2017$4,300,000$4,577,650 p. 42−6.1%
9Aug 31, 2017$4,350,000$4,643,100 p. 42−6.3%
7Nov 9, 2017$4,238,325$4,466,000 p. 42−5.1%
1Sep 24, 2018$3,425,000——

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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
34 17th Street Project LLC
Developers
Atkins & Breskin, L.L.C., Breskin Family Partners, Goa DV LLC
Principals
Jerry Atkins
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection
Construction lender
Deutsche Bank AGLender on the mortgage and building loan agreement recorded April 2014 in ACRIS

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

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