99 Morningside
375 W 123rd St A/K/A 101-103 Morningside Ave, Manhattan, NY 10027
Overview
- Units
- 22 residential
- Subway
- 3 min walk to 125 St A B C D125 St 1, 9 min
- Developer
- Azimuth Development Group LLC
- Principals
- Hugo Subotovsky, Guido Subotovsky
- Average $/sf
- $1,364Homes in Schedule A, as first offered
- Common charges
- $573–$2,487 a monthSponsor's first-year estimate in Schedule A
- Offering price
- $44.1 million total $44 million when first offered
- Floor plans
- Pages 358–360 of the plan
The sponsor of record is 99 Morningside LLC, represented by D'Agostino, Levine, Landesman & Lederman, LLP. The offering plan runs 579 pages. The sponsor has filed 4 amendments, the latest in November 2020. The nearest other condo plan on file is 123rd Street Condominium, next door.
Plan CD190013 · New · accepted Dec 31, 2019 · AG record ↗
Compare
| Figure | This building1 | Parc North225 units · 0.7 miaccepted 2020 | 10 Lenox329 units · 0.8 miaccepted 2019 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.04In line | $1.05 | $0.91 |
| Average Offering PricePer Apartment | $1.91MHighest | $904,000 | $1.25M |
| Average PricePer Square Foot | $1,364In line | $1,171 | $1,379 |
| Property TaxesPer Square Foot / Month | $1.12In line | $1.27 | $0.61 |
| Average Unit SizeSquare Feet | 1,403 SFLargest | 772 SF | 910 SF |
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Unit mix, closings, budgets, finishes and the team, against Parc North and 10 Lenox, cited to the offering plans. No credit card required.
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- 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 closed100% of the homes in Schedule A | 23 of 23 |
| Closing prices vs. Schedule A23 homes: $39,798,563 at closing against $44,009,000 in Schedule A (p. 71) | −9.6% |
| Average closing price23 homes, on their Schedule A square feet | $1,234 / SF |
| Closingsfirst and latest recorded | Jun 21, 2021 – May 11, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Jun 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 23 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 7A | Jun 21, 2021 | $1,700,000 | $2,019,000 p. 71 | −15.8% |
| 8C | Jun 22, 2021 | $715,000 | $775,000 p. 71 | −7.7% |
| 9A | Jun 22, 2021 | $1,531,600 | $1,650,000 p. 71 | −7.2% |
| 9B | Jun 28, 2021 | $2,734,500 | $2,750,000 p. 71 | −0.6% |
| 6B | Jul 6, 2021 | $1,565,000 | $1,500,000 p. 71 | +4.3% |
| 7B | Jul 15, 2021 | $2,650,750 | $2,550,000 p. 71 | +4% |
| 10B | Jul 29, 2021 | $2,300,000 | $2,580,000 p. 71 | −10.9% |
| 7C | Aug 5, 2021 | $709,000 | $760,000 p. 71 | −6.7% |
| 3B | Aug 11, 2021 | $1,100,000 | $1,100,000 p. 71 | 0% |
| 5B | Aug 31, 2021 | $1,515,000 | $1,475,000 p. 71 | +2.7% |
| 5C | Sep 8, 2021 | $1,443,000 | $1,575,000 p. 71 | −8.4% |
| 8A | Sep 8, 2021 | $1,720,000 | $2,050,000 p. 71 | −16.1% |
| 5A | Sep 20, 2021 | $1,625,000 | $1,950,000 p. 71 | −16.7% |
| 8B | Oct 6, 2021 | $2,275,000 | $2,450,000 p. 71 | −7.1% |
| 6A | Oct 20, 2021 | $1,632,500 | $1,975,000 p. 71 | −17.3% |
| 4A | Nov 8, 2021 | $1,530,750 | $1,925,000 p. 71 | −20.5% |
| 6C | Dec 8, 2021 | $1,476,463 | $1,600,000 p. 71 | −7.7% |
| 4C | Jan 4, 2022 | $1,430,000 | $1,550,000 p. 71 | −7.7% |
| 3A | Jan 27, 2022 | $1,495,000 | $1,895,000 p. 71 | −21.1% |
| 10A | Mar 23, 2022 | $1,340,000 | $1,480,000 p. 71 | −9.5% |
| PHB | Apr 4, 2022 | $2,995,000 | $3,550,000 p. 71 | −15.6% |
| PHA | Apr 5, 2022 | $2,875,000 | $3,400,000 p. 71 | −15.4% |
| 4B | May 11, 2022 | $1,440,000 | $1,450,000 p. 71 | −0.7% |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 99 Morningside LLC
- Developer
- Azimuth Development Group LLC
- Principals
- Hugo Subotovsky, Guido Subotovsky
- Tax estimate
- Tuchman, Korngold, Weiss, Liebman & Lindemann, LLPPrepared the first-year real estate tax projection
- Construction lender
- Bank Hapoalim$20 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 123rd Street Condominiumnext door · 2 units
- 92 Morningside Avenue Condominiumnext door · 45 units
- 11 Hancock Place Condominiumnext door · 71 units · 2019
- Dwyer Condominium0.1 mi · 52 units · 2005
- 302 West 122nd Street Condominium0.1 mi · 6 units · 2007
- Vidro0.1 mi · 6 units · 2018