THE CONDO BOOK PROJECT

368 Third Avenue Condominium A/K/A "Vu"

368 Third Avenue, Manhattan, NY 10016

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Overview

Units
100 residential
Subway
5 min walk to 28 St 623 St-Baruch College 6, 7 min
Developer
Minrav Holdings
Principals
Lior Carucci, Yehuda Mor
Average $/sf
$2,275Homes in Schedule A, as first offered
Common charges
$647–$3,893 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 to June 30, 2022
Offering price
$216 million total $228.4 million when first offered

The sponsor of record is 368 Third Owners LLC, represented by D'Agostino, Levine, Landesman, Et Al, LLP. The offering plan runs 808 pages. The sponsor has filed 14 amendments, the latest in September 2026. The nearest other condo plan on file is Hillrose 28 Condominium, next door.

Plan CD190151 · New · accepted Nov 5, 2019 · AG record ↗

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FigureThis building1Maverick287 units · 0.8 miaccepted 2020Lantern House3181 units · 1.3 miaccepted 2020
Common ChargesPer Square Foot / Month$1.30Below peers$1.42$1.40
Average Offering PricePer Apartment$2.21MLowest$2.85M$4.52M
Average PricePer Square Foot$2,275Below peers$2,464$2,943
Property TaxesPer Square Foot / Month$1.52In line$1.39$1.76
Average Unit SizeSquare Feet974 SFSmallest1,158 SF1,536 SF

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Unit mix, closings, budgets, finishes and the team, against Maverick and Lantern House, 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 closed97% of the homes in Schedule A97 of 100
Closing prices vs. Schedule A97 homes: $198,082,498 at closing against $206,470,500 in Schedule A (p. 89, p. 90, p. 91)−4.1%
Average closing price97 homes, on their Schedule A square feet$2,156 / SF
Closingsfirst and latest recordedDec 8, 2021 – Mar 31, 2026

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 97 closings
HomeRecordedClosing priceSchedule ADifference
7BDec 8, 2021$1,928,942$1,949,000 p. 89−1%
7ADec 10, 2021$890,000$899,000 p. 89−1%
14DDec 14, 2021$1,350,000$1,350,000 p. 890%
15BDec 14, 2021$2,064,000$2,125,000 p. 90−2.9%
11DDec 15, 2021$1,240,229$1,195,000 p. 89+3.8%
16ADec 15, 2021$1,250,411$1,225,000 p. 90+2.1%
18ADec 16, 2021$1,250,000$1,275,000 p. 90−2%
10DDec 17, 2021$1,155,000$1,165,000 p. 89−0.9%
15CDec 20, 2021$2,300,000$2,375,000 p. 90−3.2%
6ADec 21, 2021$889,000$889,000 p. 890%
27BDec 21, 2021$3,795,000$3,850,000 p. 91−1.4%
8DDec 22, 2021$1,078,000$1,125,000 p. 89−4.2%
7DDec 23, 2021$994,000$1,100,000 p. 89−9.6%
22ADec 28, 2021$1,365,000$1,375,000 p. 90−0.7%
4ADec 29, 2021$860,000$869,000 p. 89−1%
3ADec 30, 2021$830,000$839,000 p. 89−1.1%
12DDec 30, 2021$1,210,000$1,225,000 p. 89−1.2%
16BDec 30, 2021$2,125,000$2,150,000 p. 90−1.2%
6BJan 5, 2022$1,920,365$1,925,000 p. 89−0.2%
5AJan 7, 2022$875,000$879,000 p. 89−0.5%
15AJan 12, 2022$1,150,000$1,165,000 p. 90−1.3%
9DJan 18, 2022$1,140,000$1,150,000 p. 89−0.9%
6DJan 19, 2022$1,326,500$1,299,500 p. 89+2.1%
20DJan 21, 2022$1,448,000$1,475,000 p. 90−1.8%
19AJan 26, 2022$1,310,000$1,299,000 p. 90+0.8%
20AJan 26, 2022$1,315,000$1,325,000 p. 90−0.8%
21BJan 28, 2022$2,259,500$2,275,000 p. 90−0.7%
22DJan 28, 2022$1,540,000$1,525,000 p. 90+1%
27AJan 28, 2022$3,650,000$3,695,000 p. 91−1.2%
16DJan 31, 2022$1,385,000$1,395,000 p. 90−0.7%
6CFeb 9, 2022$1,526,866$1,499,500 p. 89+1.8%
21DFeb 10, 2022$1,450,000$1,495,000 p. 90−3%
15DFeb 15, 2022$1,426,059$1,375,000 p. 90+3.7%
3BFeb 16, 2022$1,835,000$1,855,000 p. 89−1.1%
18DFeb 22, 2022$1,445,000$1,425,000 p. 90+1.4%
5BMar 2, 2022$1,895,000$1,899,000 p. 89−0.2%
32BMar 2, 2022$4,262,000$4,299,500 p. 91−0.9%
19DMar 3, 2022$1,430,000$1,450,000 p. 90−1.4%
4DMar 7, 2022$819,000$829,000 p. 89−1.2%
9CMar 10, 2022$1,443,000$1,450,000 p. 89−0.5%
7CMar 16, 2022$1,370,000$1,395,000 p. 89−1.8%
21AMar 16, 2022$1,350,000$1,350,000 p. 900%
3DMar 31, 2022$838,000$849,000 p. 89−1.3%
19BMar 31, 2022$2,199,500$2,199,500 p. 900%
24AApr 8, 2022$1,451,006$1,425,000 p. 90+1.8%
29BApr 12, 2022$3,968,750$3,995,000 p. 91−0.7%
28AApr 15, 2022$3,750,000$3,800,000 p. 91−1.3%
18BApr 28, 2022$2,200,000$2,175,000 p. 90+1.1%
20BApr 29, 2022$2,265,000$2,250,000 p. 90+0.7%
26AMay 4, 2022$1,475,000$1,475,000 p. 900%
23AMay 6, 2022$1,390,000$1,400,000 p. 90−0.7%
30BMay 6, 2022$4,150,000$4,175,000 p. 91−0.6%
4BMay 13, 2022$1,855,000$1,875,000 p. 89−1.1%
10AMay 13, 2022$3,450,000$3,399,500 p. 89+1.5%
23DMay 17, 2022$1,535,000$1,550,000 p. 90−1%
5DMay 18, 2022$869,000$879,000 p. 89−1.1%
8CJun 1, 2022$1,415,000$1,425,000 p. 89−0.7%
10CJun 28, 2022$2,028,000$2,199,500 p. 89−7.8%
4EJul 12, 2022$925,000$929,000 p. 89−0.4%
5CJul 19, 2022$1,630,350$1,590,000 p. 89+2.5%
24DJul 27, 2022$1,579,100$1,575,000 p. 90+0.3%
3EAug 11, 2022$880,000$899,000 p. 89−2.1%
31BAug 19, 2022$4,150,000$4,245,000 p. 91−2.2%
23BSep 2, 2022$2,400,000$2,425,000 p. 90−1%
26CSep 28, 2022$2,575,000$2,650,000 p. 91−2.8%
25DNov 4, 2022$1,585,000$1,595,000 p. 90−0.6%
4CFeb 10, 2023$1,580,000$1,570,000 p. 89+0.6%
21CMay 8, 2023$2,300,000$2,489,000 p. 90−7.6%
25AMay 11, 2023$1,450,000$1,450,000 p. 900%
22CMay 25, 2023$2,329,000$2,499,500 p. 90−6.8%
28BJul 26, 2023$3,863,750$3,949,000 p. 91−2.2%
23CAug 21, 2023$2,446,855$2,550,000 p. 90−4%
24CAug 28, 2023$2,416,000$2,575,000 p. 90−6.2%
3CSep 19, 2023$1,525,000$1,550,000 p. 89−1.6%
25COct 13, 2023$2,415,000$2,599,000 p. 90−7.1%
26BDec 12, 2023$2,449,400$2,495,000 p. 90−1.8%
26DDec 13, 2023$1,642,437$1,625,000 p. 91+1.1%
25BDec 18, 2023$2,426,490$2,475,000 p. 90−2%
16CDec 20, 2023$2,028,354$2,399,500 p. 90−15.5%
5EJan 31, 2024$894,024$945,000 p. 89−5.4%
11AApr 2, 2024$2,805,000$3,295,000 p. 89−14.9%
29AMay 6, 2024$3,500,000$3,895,000 p. 91−10.1%
19CJul 29, 2024$2,187,850$2,449,000 p. 90−10.7%
18CAug 12, 2024$2,192,292$2,425,000 p. 90−9.6%
30AAug 28, 2024$3,575,000$3,865,000 p. 91−7.5%
20CSep 16, 2024$2,233,379$2,469,000 p. 90−9.5%
24BSep 18, 2024$2,275,000$2,450,000 p. 90−7.1%
22BSep 24, 2024$2,225,000$2,295,000 p. 90−3.1%
14COct 30, 2024$1,950,000$2,350,000 p. 89−17%
12CNov 4, 2024$1,920,000$2,299,500 p. 89−16.5%
11CMar 17, 2025$1,968,277$2,265,000 p. 89−13.1%
8AApr 10, 2025$2,595,000$2,999,500 p. 89−13.5%
9AJul 21, 2025$2,665,000$3,159,000 p. 89−15.6%
PHBAug 28, 2025$9,189,812$9,995,000 p. 91−8.1%
14ASep 29, 2025$2,950,000$3,499,500 p. 89−15.7%
31AMar 3, 2026$3,580,000$3,925,000 p. 91−8.8%
32AMar 31, 2026$3,795,000$3,975,000 p. 91−4.5%

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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
368 Third Owners LLC
Developer
Minrav Holdings
Principals
Lior Carucci, Yehuda Mor
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Lindemann, LLPPrepared the first-year real estate tax projection
Construction lender
Bank Leumi$116.8 million recorded

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

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