THE CONDO BOOK PROJECT

350 West 71st Condominium

346 And 350 West 71st Street, Manhattan, NY 10023

Compare

Overview

Units
38 residential · 22 storage
Subway
6 min walk to 72 St 1 2 366 St-Lincoln Center 1, 11 min
Developers
Fifth Square Partners LLC, Wildedge Consulting Group LLC
Principals
David Berger, Alexander J.A. Sachs
Average $/sf
$1,765Homes in Schedule A, as first offered
Common charges
$1,007–$3,220 a monthSponsor's first-year estimate in Schedule A, July 1, 2018-June 30, 2019
Offering price
$104.1 million total

The sponsor of record is Cydonia W71, LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 334 pages. The sponsor has filed 16 amendments, the latest in August 2020. The nearest other condo plan on file is 220 Riverside Boulevard At Trump Place, next door.

Plan CD170018 · Rehab · accepted Oct 26, 2017 · AG record ↗

Compare

FigureThis building1Marlow240 units · 0.7 miaccepted 2020Society House366 units · 1.8 miaccepted 2019
Common ChargesPer Square Foot / Month$1.02Above peers$0.95$0.94
Average Offering PricePer Apartment$2.75MHighest$2.24M$1.36M
Average PricePer Square Foot$1,765Below peers$1,982$1,767
Property TaxesPer Square Foot / Month$1.57Below peers$1.71$1.93
Average Unit SizeSquare Feet1,556 SFLargest1,132 SF768 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Marlow and Society House, 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 closed95% of the homes in Schedule A36 of 38
Closing prices vs. Schedule A32 homes: $80,715,342 at closing against $87,055,000 in Schedule A (p. 34)−7.3%
Average closing price32 homes, on their Schedule A square feet$1,761 / SF
Closingsfirst and latest recordedDec 6, 2019 – May 1, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 36 closings
HomeRecordedClosing priceSchedule ADifference
5DDec 6, 2019$1,950,000$1,940,000 p. 34+0.5%
3EDec 13, 2019$3,164,325$3,295,000 p. 34−4%
5FDec 17, 2019$1,817,576$1,785,000 p. 34+1.8%
6FDec 20, 2019$1,860,000$1,805,000 p. 34+3%
PHBDec 20, 2019$3,925,000$3,775,000 p. 34+4%
4CDec 23, 2019$2,419,871$2,450,000 p. 34−1.2%
5CDec 27, 2019$2,490,000$2,475,000 p. 34+0.6%
GARDEDec 31, 2019$1,995,000——
4AJan 3, 2020$1,893,945$1,850,000 p. 34+2.4%
PHDJan 3, 2020$3,850,000$3,875,000 p. 34−0.6%
3AJan 6, 2020$1,848,124$1,825,000 p. 34+1.3%
6DJan 8, 2020$2,000,861$1,965,000 p. 34+1.8%
4FJan 9, 2020$1,807,394$1,765,000 p. 34+2.4%
MAISJan 14, 2020$2,341,975——
5AJan 24, 2020$1,850,000$1,875,000 p. 34−1.3%
3FJan 31, 2020$1,710,000$1,745,000 p. 34−2%
3CFeb 3, 2020$2,270,000$2,425,000 p. 34−6.4%
3BFeb 19, 2020$2,895,000$3,295,000 p. 34−12.1%
4BFeb 26, 2020$2,893,000$3,345,000 p. 34−13.5%
5BMar 10, 2020$3,125,000$3,395,000 p. 34−8%
2EMay 28, 2020$2,850,000$3,245,000 p. 34−12.2%
4EJul 15, 2020$3,049,659$3,345,000 p. 34−8.8%
6EAug 31, 2020$2,900,000$3,445,000 p. 34−15.8%
2FSep 24, 2020$1,695,000$1,725,000 p. 34−1.7%
6ASep 25, 2020$1,750,000$1,900,000 p. 34−7.9%
6COct 5, 2020$2,300,000$2,500,000 p. 34−8%
PHANov 16, 2020$5,400,000$5,850,000 p. 34−7.7%
4DDec 21, 2020$1,600,000$1,915,000 p. 34−16.4%
2DJan 6, 2021$1,535,000$1,865,000 p. 34−17.7%
6BJan 14, 2021$2,825,000$3,445,000 p. 34−18%
5EFeb 12, 2021$2,825,000$3,395,000 p. 34−16.8%
PHCFeb 22, 2021$4,600,000$5,250,000 p. 34−12.4%
3DFeb 26, 2021$1,630,000$1,890,000 p. 34−13.8%
2CApr 12, 2021$1,985,588$2,400,000 p. 34−17.3%
2BApr 16, 2021$3,055,000——
MAIS AMay 1, 2026$2,400,000——

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
Cydonia W71, LLC
Developers
Fifth Square Partners LLC, Wildedge Consulting Group LLC
Principals
David Berger, Alexander J.A. Sachs
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection

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

Nearby