350 East 18th Street Condominium
350 East 18th Street, Manhattan, NY 10003
Overview
The Florian is a new 13-story, 54-unit condo at 350 East 18th Street, also known as 305 First Avenue. Its offering plan details Sub-Zero and Wolf induction kitchens, a 24-hour front desk run by an outside contractor instead of building staff, 11 parking spaces for owners, and a first-year budget of about $736,000.
- What it is: a new 13-story building with a roof and bulkhead. The plan named the building "The 350 East 18th Street Condominium" and expected the first closing by January 1, 2026.
- Size: 54 apartments on floors 3 through the penthouse, plus 11 parking spaces. No commercial units.
- Layouts: 31 one-bedrooms (about 660 to 765 sq ft), 19 two-bedrooms (about 1,020 to 1,325 sq ft) and 4 three-bedrooms (about 1,565 to 2,130 sq ft). Floors 4 to 10 have six homes each.
- Outdoor space: a few one-bedrooms have small 86 sq ft balconies or terraces. Floors 11, 12 and the two penthouses get larger terraces and balconies.
- Offering prices: in the plan's original price list, homes ran from about $1.3 million to $6.1 million, and parking spaces were $275,000 each. These are asking prices, not sales. Four amendments have been filed since, so check them for current prices.
- Common charges: roughly $780 to $2,630 a month, depending on the unit, under the sponsor's first-year projection.
Compare
| Figure | This building1 | 517 West 29th260 units · 1.7 miaccepted 2024 | Hendrix House359 units · 0.4 miaccepted 2024 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.18Lowest | $1.40 | $1.72 |
| Average Offering PricePer Apartment | $2.16MHighest | $1.73M | $1.47M |
| Average PricePer Square Foot | $2,275Above peers | $2,102 | $2,069 |
| Property TaxesPer Square Foot / Month | $1.33Lowest | $2.36 | $1.80 |
| Average Unit SizeSquare Feet | 950 SFLargest | 824 SF | 708 SF |
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Unit mix, closings, budgets, finishes and the team, against 517 West 29th and Hendrix House, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed76% of the homes in Schedule A | 41 of 54 |
| Closing prices vs. Schedule A41 homes: $86,565,278 at closing against $87,592,500 in Schedule A (p. 44, p. 45) | −1.2% |
| Average closing price41 homes, on their Schedule A square feet | $2,222 / SF |
| Closingsfirst and latest recorded | Feb 27, 2026 – Aug 26, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Sep 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 41 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 5D | Feb 27, 2026 | $2,073,000 | $2,200,000 p. 44 | −5.8% |
| 3C | Mar 3, 2026 | $1,286,634 | $1,403,000 p. 44 | −8.3% |
| 6F | Mar 5, 2026 | $1,650,000 | $1,540,000 p. 44 | +7.1% |
| 7B | Mar 6, 2026 | $1,550,000 | $1,568,000 p. 44 | −1.1% |
| 8D | Mar 6, 2026 | $2,100,000 | $2,365,000 p. 44 | −11.2% |
| 3B | Mar 10, 2026 | $1,325,000 | $1,458,000 p. 44 | −9.1% |
| 4A | Mar 10, 2026 | $2,875,000 | $2,695,000 p. 44 | +6.7% |
| 10A | Mar 10, 2026 | $3,150,000 | $3,025,000 p. 45 | +4.1% |
| 3A | Mar 11, 2026 | $2,500,000 | $2,585,000 p. 44 | −3.3% |
| 4C | Mar 16, 2026 | $1,375,000 | $1,430,000 p. 44 | −3.8% |
| 5B | Mar 16, 2026 | $1,552,831 | $1,540,000 p. 44 | +0.8% |
| 7D | Mar 19, 2026 | $2,050,000 | $2,310,000 p. 44 | −11.3% |
| 3F | Mar 20, 2026 | $1,525,000 | $1,375,000 p. 44 | +10.9% |
| 4D | Mar 20, 2026 | $1,770,000 | $2,145,000 p. 44 | −17.5% |
| 6D | Mar 30, 2026 | $1,925,000 | $2,255,000 p. 44 | −14.6% |
| PHA | Mar 31, 2026 | $5,614,125 | $6,050,000 p. 45 | −7.2% |
| 7A | Apr 10, 2026 | $2,750,000 | $2,860,000 p. 44 | −3.8% |
| 7C | Apr 16, 2026 | $1,500,000 | $1,513,000 p. 44 | −0.9% |
| 10D | Apr 17, 2026 | $2,300,000 | $2,475,000 p. 45 | −7.1% |
| 11A | Apr 20, 2026 | $4,500,000 | $4,125,000 p. 45 | +9.1% |
| 7F | Apr 23, 2026 | $1,656,600 | $1,568,000 p. 44 | +5.7% |
| 7E | May 1, 2026 | $1,275,000 | $1,403,000 p. 44 | −9.1% |
| 9D | May 1, 2026 | $2,205,000 | $2,420,000 p. 45 | −8.9% |
| 8F | May 15, 2026 | $1,750,000 | $1,595,000 p. 44 | +9.7% |
| 11C | May 15, 2026 | $3,350,000 | $3,080,000 p. 45 | +8.8% |
| 12C | May 21, 2026 | $3,250,000 | $3,025,000 p. 45 | +7.4% |
| 4B | May 22, 2026 | $1,400,000 | $1,485,000 p. 44 | −5.7% |
| 6B | May 28, 2026 | $1,475,000 | $1,513,000 p. 44 | −2.5% |
| 4E | Jun 18, 2026 | $1,247,356 | $1,320,000 p. 44 | −5.5% |
| 5E | Jun 29, 2026 | $1,272,813 | $1,347,500 p. 44 | −5.5% |
| 12A | Jul 1, 2026 | $3,995,000 | $3,850,000 p. 45 | +3.8% |
| 9F | Jul 7, 2026 | $1,775,000 | $1,623,000 p. 45 | +9.4% |
| 5F | Jul 15, 2026 | $1,625,000 | $1,513,000 p. 44 | +7.4% |
| 10B | Jul 16, 2026 | $1,550,000 | $1,568,000 p. 45 | −1.1% |
| 8E | Jul 20, 2026 | $1,500,000 | $1,430,000 p. 44 | +4.9% |
| 10F | Jul 20, 2026 | $1,800,000 | $1,650,000 p. 45 | +9.1% |
| 4F | Jul 30, 2026 | $1,590,000 | $1,485,000 p. 44 | +7.1% |
| 8B | Aug 10, 2026 | $1,501,919 | $1,540,000 p. 44 | −2.5% |
| 9A | Aug 19, 2026 | $2,850,000 | $2,970,000 p. 44 | −4% |
| 8A | Aug 20, 2026 | $2,800,000 | $2,915,000 p. 44 | −3.9% |
| 6E | Aug 26, 2026 | $1,325,000 | $1,375,000 p. 44 | −3.6% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
What It Costs to Run
The sponsor projects a first-year budget of about $736,000 (calendar year 2026). A few lines stand out:
| Budget line | Approx. first-year cost |
|---|---|
| Front desk contract (24/7) | $266,000 |
| Electricity for common areas | $131,000 |
| Reserve fund | $74,000 |
| Porter and maintenance contract | $72,000 |
| Water and sewer | $55,000 |
| Management fee | $49,000 |
| Insurance | $48,000 |
The front desk alone is about 36% of the budget. Common charges run roughly $780 a month for the smallest one-bedroom to about $2,630 for the largest penthouse. Estimated property taxes add a bit more than that again, so total monthly carrying costs run about $1,660 to $5,600. Read more on common charges and estimating condo property taxes.
Good to know: the budget only sets aside $2,000 for contingencies and $500 for legal fees. At closing you pay a working capital contribution of two months' common charges. See NYC condo reserve funds.
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
The Building
Finishes
Kitchens
Every apartment gets a Sub-Zero refrigerator, a Wolf induction range, a Wolf microwave and a Cove dishwasher. Two- and three-bedroom homes get a larger refrigerator, may get a 36-inch range, and add Sub-Zero wine storage. Cabinets are lacquered wood, counters are quartz and sinks are stainless steel. See kitchen appliance brands in NYC condos and gas vs. induction stoves.
Bathrooms
Floors are tiled and walls are partly tiled. Fixtures are mid-range: a Fine Fixtures tub, Swiss Madison toilet, Glacier Bay sink and Delta shower.
Floors and Windows
- Floors: European white oak from Terra Legno (Alabaster), 9/16 inch thick, with a three-year manufacturer warranty.
- Windows: fixed and casement aluminum windows by Basam, double glazed with a thermal break, with a 10-year warranty on material.
- Ceilings: the plan promises at least 8 feet floor to ceiling.
Laundry, Heating and Cooling
- Laundry: every home has a Bosch 500 series washer and ventless electric dryer, stacked or side by side.
- Hot water: four Mitsubishi heat pump water heaters in the first-floor mechanical room serve the building.
- Electricity: each apartment is metered separately. The sponsor estimates about $260 to $380 a month for a typical unit's power, covering heating, cooling, cooking and laundry.
Compare with in-unit washers and dryers and NYC condo finishes since 2010.
Amenities, Staffing & Transportation
For 54 homes, the list is short:
- Third floor: a gym of about 890 sq ft with rubber floors, and a recreation room of about 620 sq ft. The sponsor won't supply gym equipment.
- Roof: a common roof terrace.
- Bike storage: 6 spaces on the first floor and 21 on the second. No racks are provided.
- Lobby: a mail room. There's no separate package room or storage lockers.
Good to know: the plan says no other recreational facilities will be provided. Pets are allowed if they don't bother neighbors, and dogs and cats must be carried or leashed in common areas. Compare with amenities by building size.
Staffing and Services
The condo won't employ anyone directly. Instead the plan projects:
- A 24/7 front desk from BSM Facility Solutions, in three shifts, covering doorman, concierge and access control, at about $266,000 a year
- Porter and maintenance work from the managing agent, full time on weekdays, at about $72,000 a year
- Kone elevator maintenance and a fire alarm monitoring contract
The front desk contract carries no union payroll taxes or benefits. See what a doorman costs in an NYC condo for context.
Transportation
- Subway: 4 min walk to 1 Av L; 3 Av L, 8 min
- Parking: 17 parking units in the plan
Fine Print
What's Specific to It
- No building staff on payroll. The budget has $0 for labor. A contractor, BSM Facility Solutions, runs a 24/7 front desk with no union, and the managing agent supplies porter service on weekdays.
- Parking in the building. Eleven enclosed, unattended spaces on the first and second floors, sold only to unit owners, with two EV charging stations.
- Electric apartments. Units use no gas. Cooking, heating, cooling and the dryer all run on electricity you pay for. The only gas in the building feeds the emergency generator.
- A real reserve fund. The first-year budget sets aside $74,000 for capital repairs, about 10% of the budget, and the plan says reserves continue at that rate.
- No tax abatement. The sponsor says it won't apply for a tax abatement or exemption.
Listing photos of The Florian show you the finishes. The offering plan, the document the developer filed with the New York Attorney General, tells you how the building will be run and what you agree to when you buy. New to these documents? Start with what a condo offering plan is.
Fine Print Worth Knowing
- Sponsor control. The sponsor controls the board for up to five years or until it closes 75% of units, whichever comes first.
- No statutory warranty. Because the building is over five stories, New York's housing merchant implied warranty doesn't apply. The sponsor doesn't warrant workmanship or appliances but must build to code and the filed plans, and it will pass along manufacturer warranties.
- Financing risk. The plan warns that lenders may hesitate if too few units have sold, which could make getting or reselling with a mortgage harder.
- Taxes could rise. First-year taxes blend a partial and a completed assessment. Once the building is fully assessed, the sponsor's expert estimates the tax bill rises to about $1.19 million a year, well above the first-year $830,000.
- Facade costs. The first facade inspection is due five years after the certificate of occupancy, and owners pay for any repairs.
- Easy resale. The board can't approve or reject buyers and has no right of first refusal.
Team
- Sponsor: 305 First Ave Owners LLC, of Brooklyn
- Architect: SLCE Architects
- Managing agent: MRE Property Management
- Selling agent: Douglas Elliman
- Sponsor's counsel: Eial Girtz PC
- Construction lender: an entity tied to Northwind Group, with a $63 million loan
The plan doesn't name an interior designer.
- Sponsor
- 305 First Ave Owners LLC
- Developer
- Minrav DevelopmentReported by commercialobserver.com
- Counsel
- Eial Girtz, PC
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
- Construction lender
- NW 18th Street Lender$63 million loan stated in the plan
Nearby
- Sage 19 Condominiumnext door · 7 units
- 355 E19 Condominiumnext door · 7 units · 2015
- Landmark 17 Condominium0.2 mi · 13 units · 2006
- 359 Second Avenue Condominium0.2 mi · 53 units · 2021
- 316 East Condominium0.2 mi · 6 units · 5 parking · 2008
- Stuyvesant Park Condominium0.2 mi · 16 units · 2006
FAQ
Does The Florian have a doorman?
Yes. The plan projects a 24-hour front desk, seven days a week, but it's run by an outside contractor, not union building staff.
How much are common charges at The Florian?
Under the sponsor's first-year projection, roughly $780 to $2,630 a month depending on the unit, with estimated property taxes of a similar size on top.
Does The Florian have parking?
Yes. There are 11 enclosed parking spaces, priced at $275,000 each in the original plan, sold only to unit owners. Two have EV charging. See deeded parking vs. a license.
Where this comes from: the building's offering plan (CD240326), filed with the New York Attorney General, including its Schedule A price list and Schedule B first-year budget. Prices are the sponsor's offering prices, not sales. Four amendments have been filed and may change prices or terms. Updated October 2026.