THE CONDO BOOK PROJECT

Cathedral Parkway Condominium

352 Cathedral Parkway, Manhattan, NY 10026

Overview

Units
70 residential · 2 commercial
Subway
2 min walk to Cathedral Pkwy (110 St) B C103 St B C, 8 min
Principals
Robert Ezrapour, Eytan Benyamin, Ken Haron, Yoav Haron
Average $/sf
$601Homes in Schedule A, as first offered
Common charges
$430–$697 a monthSponsor's first-year estimate in Schedule A, January 1, 2006 – December 31, 2006
Offering price
$16.6 million total

The sponsor of record is 110th Street Equities, LLC, represented by Todtman, Nachamie, Spizz & Johns, P.C.. The offering plan runs 236 pages. The sponsor has filed 4 amendments, the latest in March 2007. The nearest other condo plan on file is One Morningside Park Condominium, next door.

Plan CD040435 · New · accepted Jul 11, 2005 · AG record ↗

Compare

FigureThis building1Lumiere/350 West 53rd Street266 units · 2.9 miaccepted 2005Clinton West344 units · 3.2 miaccepted 2006
Common ChargesPer Square Foot / Month$0.53Below peers$1.24$0.58
Average Offering PricePer Apartment$662,600In line$659,848$845,136
Average PricePer Square Foot$601Lowest$828$938
Property TaxesPer Square Foot / Month$0.04Lowest$0.18$0.07
Average Unit SizeSquare Feet1,103 SFLargest797 SF901 SF

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Unit mix, closings, budgets, finishes and the team, against Lumiere/350 West 53rd Street and Clinton West, 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 A25 of 25
Closing prices vs. Schedule A22 homes: $14,790,982 at closing against $14,440,000 in Schedule A (p. 20, p. 21)+2.4%
Average closing price22 homes, on their Schedule A square feet$626 / SF
Closingsfirst and latest recordedDec 19, 2005 – Apr 12, 2007

Sales recorded with the Department of Finance (ACRIS) through Apr 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 30 closings
HomeRecordedClosing priceSchedule ADifference
CFNDec 19, 2005$24,790,065——
CFSDec 19, 2005$24,790,065——
CR1Dec 19, 2005$24,790,065——
CR2Dec 19, 2005$24,790,065——
CR3Dec 19, 2005$24,790,065——
8A-NJan 18, 2006$712,775——
12CJan 18, 2006$712,775$700,000 p. 20+1.8%
14BJan 25, 2006$733,140$720,000 p. 21+1.8%
15BJan 26, 2006$733,140$720,000 p. 21+1.8%
10BJan 31, 2006$456,300$450,000 p. 20+1.4%
11AJan 31, 2006$722,958$710,000 p. 20+1.8%
10CFeb 1, 2006$661,863$650,000 p. 20+1.8%
12AFeb 1, 2006$722,958$710,000 p. 20+1.8%
7CFeb 2, 2006$507,000$500,000 p. 20+1.4%
9A-NFeb 2, 2006$717,866——
13AFeb 2, 2006$728,049$715,000 p. 20+1.8%
12BFeb 3, 2006$712,775$700,000 p. 20+1.8%
8CFeb 7, 2006$560,038$550,000 p. 20+1.8%
7BFeb 9, 2006$560,038$550,000 p. 20+1.8%
10AFeb 10, 2006$717,866$705,000 p. 20+1.8%
7A-NFeb 15, 2006$733,140——
11BFeb 16, 2006$687,319$675,000 p. 20+1.8%
11CFeb 16, 2006$687,319$675,000 p. 20+1.8%
14AFeb 17, 2006$733,140$720,000 p. 21+1.8%
8BFeb 23, 2006$610,950$600,000 p. 20+1.8%
9BFeb 23, 2006$650,000$650,000 p. 200%
15AMar 13, 2006$733,140$720,000 p. 21+1.8%
13CMar 23, 2006$722,958$710,000 p. 21+1.8%
13BJul 26, 2006$722,958$710,000 p. 20+1.8%
9CApr 12, 2007$714,302$600,000 p. 20+19.1%

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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
110th Street Equities, LLC
Principals
Robert Ezrapour, Eytan Benyamin, Ken Haron, Yoav Haron
Construction lender
The Community Preservation Corporation$21.5 million recorded

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

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