THE CONDO BOOK PROJECT

378 Broome Street Condominium

378 Broome Street, Manhattan, NY 10013

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Overview

Units
4 residential · 1 commercial
Subway
3 min walk to Spring St 6Bowery J Z, 4 min
Developer
Urban Standard Development LLC
Principals
Seth Weissman
Average $/sf
$2,530Homes in Schedule A, as first offered
Common charges
$1,560–$2,842 a monthSponsor's first-year estimate in Schedule A, January 1-December 31, 2022
Offering price
$24.4 million total $19.9 million when first offered

The sponsor of record is Usd 378 Broome LLC, represented by Belkin, Burden, Goldman, LLP. The offering plan runs 347 pages. The sponsor has filed 4 amendments, the latest in February 2024. The nearest other condo plan on file is Brewster Carriage House Condominium, next door.

Plan CD200317 · New · accepted Jul 21, 2021 · AG record ↗

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FigureThis building174 Grand25 units · 0.3 miaccepted 2021Tribeca Heritage37 units · 0.4 miaccepted 2021
Common ChargesPer Square Foot / Month$1.07In line$0.77$1.09
Average Offering PricePer Apartment$4.97MBelow peers$5.3M$9M
Average PricePer Square Foot$2,530In line$2,224$2,735
Property TaxesPer Square Foot / Month$1.30In line$0.93$1.57
Average Unit SizeSquare Feet1,967 SFSmallest2,383 SF3,197 SF

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Unit mix, closings, budgets, finishes and the team, against 74 Grand and Tribeca Heritage, 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 A4 of 4
Closing prices vs. Schedule A4 homes: $17,645,000 at closing against $19,900,000 in Schedule A (p. 43)−11.3%
Average closing price4 homes, on their Schedule A square feet$2,243 / SF
Closingsfirst and latest recordedApr 25, 2024 – Jun 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 5 closings
HomeRecordedClosing priceSchedule ADifference
3Apr 25, 2024$2,970,000$3,400,000 p. 43−12.6%
2May 1, 2024$5,800,000$5,000,000 p. 43+16%
4May 7, 2024$2,875,000$3,500,000 p. 43−17.9%
PHDec 18, 2024$6,000,000$8,000,000 p. 43−25%
RTLJun 26, 2026$2,375,000——

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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
Usd 378 Broome LLC
Developer
Urban Standard Development LLC
Principals
Seth Weissman
Tax estimate
Tuchman Korngold Weiss Liebman & Lindemann, LLPPrepared the first-year real estate tax projection

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

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