THE CONDO BOOK PROJECT

Hermitage Condominium

41 West 72nd Street, Manhattan, NY 10023

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Overview

Units
127 residential
Subway
3 min walk to 72 St B C72 St 1 2 3, 5 min
Principals
Ziel Feldman, Kevin Maloney, Elliott Joseph
Average $/sf
$627Homes in Schedule A, as first offered
Offering price
$67.1 million total $61.4 million when first offered

The sponsor of record is Rsp Uap-3 Property LLC, represented by The Rsp Companies, Real Estate Invest & Mgmt. The offering plan runs 544 pages. The sponsor has filed 1 amendment, the latest in May 2001. The nearest other condo plan on file is Olcott, next door.

Plan CD000075 · Conversion · accepted Apr 10, 2001 · AG record ↗

Closings Pro

Homes closed87% of the homes in Schedule A110 of 127
Closing prices vs. Schedule A44 homes: $31,807,965 at closing against $21,620,000 in Schedule A (p. 44, p. 45, p. 46, p. 47)+47.1%
Average closing price44 homes, on their Schedule A square feet$935 / SF
Closingsfirst and latest recordedApr 25, 2003 – Sep 6, 2023

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 110 closings
HomeRecordedClosing priceSchedule ADifference
8 EApr 25, 2003$472,500$440,000 p. 45+7.4%
14 DMay 6, 2003$799,326$715,000 p. 46+11.8%
5 GJun 20, 2003$526,435$365,000 p. 44+44.2%
11 BJun 24, 2003$334,620$395,000 p. 46−15.3%
17 FJul 8, 2003$560,038$430,000 p. 47+30.2%
16 GAug 6, 2003$490,000$435,000 p. 47+12.6%
6 ASep 5, 2003$824,783$660,000 p. 45+25%
2 HSep 8, 2003$304,200$375,000 p. 44−18.9%
3 DSep 10, 2003$738,231$640,000 p. 44+15.3%
11 CSep 15, 2003$560,038$395,000 p. 46+41.8%
10 ESep 19, 2003$515,000$450,000 p. 46+14.4%
3 HSep 25, 2003$510,000$400,000 p. 44+27.5%
17 BNov 6, 2003$575,311$420,000 p. 47+37%
15 ANov 7, 2003$870,000$740,000 p. 46+17.6%
8 CDec 1, 2003$319,410$380,000 p. 45−15.9%
14 BDec 8, 2003$560,038$420,000 p. 46+33.3%
2 BJan 22, 2004$14,250,000one deed, 61 homes$330,000 p. 44—
2 CJan 22, 2004$14,250,000one deed, 61 homes$330,000 p. 44—
2 EJan 22, 2004$14,250,000one deed, 61 homes$375,000 p. 44—
2 FJan 22, 2004$14,250,000one deed, 61 homes$340,000 p. 44—
2 GJan 22, 2004$14,250,000one deed, 61 homes$335,000 p. 44—
3 AJan 22, 2004$14,250,000one deed, 61 homes$630,000 p. 44—
3 BJan 22, 2004$14,250,000one deed, 61 homes$340,000 p. 44—
3/4 EJan 22, 2004$14,250,000one deed, 61 homes$840,000 p. 44—
4 AJan 22, 2004$14,250,000one deed, 61 homes$650,000 p. 44—
4 BJan 22, 2004$14,250,000one deed, 61 homes$365,000 p. 44—
4 CJan 22, 2004$14,250,000one deed, 61 homes$360,000 p. 44—
4 DJan 22, 2004$14,250,000one deed, 61 homes$640,000 p. 44—
4 FJan 22, 2004$14,250,000one deed, 61 homes$360,000 p. 44—
4 GJan 22, 2004$14,250,000one deed, 61 homes$355,000 p. 44—
4 HJan 22, 2004$14,250,000one deed, 61 homes$405,000 p. 44—
5 AJan 22, 2004$14,250,000one deed, 61 homes$670,000 p. 44—
5 BJan 22, 2004$14,250,000one deed, 61 homes$360,000 p. 44—
5 CJan 22, 2004$14,250,000one deed, 61 homes$360,000 p. 44—
5 DJan 22, 2004$14,250,000one deed, 61 homes$660,000 p. 44—
5 EJan 22, 2004$14,250,000one deed, 61 homes$405,000 p. 44—
5 FJan 22, 2004$14,250,000one deed, 61 homes$370,000 p. 44—
5 HJan 22, 2004$14,250,000one deed, 61 homes$405,000 p. 45—
6 CJan 22, 2004$14,250,000one deed, 61 homes$370,000 p. 45—
6 DJan 22, 2004$14,250,000one deed, 61 homes$660,000 p. 45—
6 EJan 22, 2004$14,250,000one deed, 61 homes$430,000 p. 45—
7 AJan 22, 2004$14,250,000one deed, 61 homes$670,000 p. 45—
7 BJan 22, 2004$14,250,000one deed, 61 homes$375,000 p. 45—
7 DJan 22, 2004$14,250,000one deed, 61 homes$670,000 p. 45—
7 FJan 22, 2004$14,250,000one deed, 61 homes$385,000 p. 45—
7 HJan 22, 2004$14,250,000one deed, 61 homes$420,000 p. 45—
8 AJan 22, 2004$14,250,000one deed, 61 homes$680,000 p. 45—
8 GJan 22, 2004$14,250,000one deed, 61 homes$385,000 p. 45—
8 HJan 22, 2004$14,250,000one deed, 61 homes$425,000 p. 45—
9 AJan 22, 2004$14,250,000one deed, 61 homes$690,000 p. 45—
9 BJan 22, 2004$14,250,000one deed, 61 homes$385,000 p. 45—
9 CJan 22, 2004$14,250,000one deed, 61 homes$400,000 p. 45—
9 DJan 22, 2004$14,250,000one deed, 61 homes$690,000 p. 45—
9 EJan 22, 2004$14,250,000one deed, 61 homes$430,000 p. 45—
9 GJan 22, 2004$14,250,000one deed, 61 homes$390,000 p. 45—
9 HJan 22, 2004$14,250,000one deed, 61 homes$430,000 p. 45—
10 AJan 22, 2004$14,250,000one deed, 61 homes$700,000 p. 45—
10 BJan 22, 2004$14,250,000one deed, 61 homes$390,000 p. 45—
10 CJan 22, 2004$14,250,000one deed, 61 homes$390,000 p. 45—
10 FJan 22, 2004$14,250,000one deed, 61 homes$400,000 p. 46—
10 HJan 22, 2004$14,250,000one deed, 61 homes$435,000 p. 46—
11 DJan 22, 2004$14,250,000one deed, 61 homes$705,000 p. 46—
11 EJan 22, 2004$14,250,000one deed, 61 homes$440,000 p. 46—
11 FJan 22, 2004$14,250,000one deed, 61 homes$405,000 p. 46—
11 HJan 22, 2004$14,250,000one deed, 61 homes$440,000 p. 46—
12 AJan 22, 2004$14,250,000one deed, 61 homes$710,000 p. 46—
12 CJan 22, 2004$14,250,000one deed, 61 homes$400,000 p. 46—
12 DJan 22, 2004$14,250,000one deed, 61 homes$710,000 p. 46—
12 HJan 22, 2004$14,250,000one deed, 61 homes$445,000 p. 46—
14 CJan 22, 2004$14,250,000one deed, 61 homes$405,000 p. 46—
14 GJan 22, 2004$14,250,000one deed, 61 homes$410,000 p. 46—
15 CJan 22, 2004$14,250,000one deed, 61 homes$420,000 p. 46—
15 DJan 22, 2004$14,250,000one deed, 61 homes$720,000 p. 46—
15 EJan 22, 2004$14,250,000one deed, 61 homes$455,000 p. 46—
15 HJan 22, 2004$14,250,000one deed, 61 homes$455,000 p. 46—
17 CJan 22, 2004$14,250,000one deed, 61 homes$420,000 p. 47—
17 DJan 22, 2004$14,250,000one deed, 61 homes$730,000 p. 47—
8 DMay 3, 2004$950,000$700,000 p. 45+35.7%
16 AAug 3, 2004$1,203,571$745,000 p. 46+61.6%
17 AJul 12, 2005$795,000$750,000 p. 47+6%
15 GJul 26, 2005$780,000$430,000 p. 46+81.4%
16 DAug 17, 2005$1,170,000$745,000 p. 47+57%
8 FSep 14, 2005$730,000$405,000 p. 45+80.2%
6 BMar 24, 2006$143,451$370,000 p. 45−61.2%
10 GMar 24, 2006$143,451$395,000 p. 46−63.7%
7 CMar 28, 2006$700,000$390,000 p. 45+79.5%
3 GMay 9, 2006$682,500$360,000 p. 44+89.6%
17 EMay 11, 2006$865,513$480,000 p. 47+80.3%
17 HJun 14, 2006$836,050$480,000 p. 47+74.2%
11 AJun 19, 2006$1,040,000$725,000 p. 46+43.4%
16 CMar 16, 2007$760,000$430,000 p. 47+76.7%
17 GMay 1, 2007$751,500$440,000 p. 47+70.8%
6 HDec 4, 2007$770,000$430,000 p. 45+79.1%
2 ADec 20, 2007$1,251,000$640,000 p. 44+95.5%
8 BJul 16, 2008$765,000$395,000 p. 45+93.7%
12 GJan 20, 2009$730,000$420,000 p. 46+73.8%
2 DJul 21, 2009$900,000$640,000 p. 44+40.6%
6 GMar 15, 2010$705,000$375,000 p. 45+88%
15 BSep 10, 2010$790,000$425,000 p. 46+85.9%
14 FJul 27, 2011$795,000$430,000 p. 46+84.9%
6 FSep 7, 2012$759,000$395,000 p. 45+92.2%
10 DAug 13, 2015$1,600,000$720,000 p. 45+122.2%
PHAJan 11, 2017$990,000——
PHBJan 11, 2017$950,000——
PHDJan 11, 2017$925,000——
14 EMay 19, 2017$1,050,000$465,000 p. 46+125.8%
9EFAug 17, 2017$2,495,000——
PHCAug 24, 2017$325,000——
1 FApr 20, 2022$350,000$345,000 p. 44+1.4%
7 ESep 6, 2023$832,000$435,000 p. 45+91.3%

Pro

Closings are for subscribers

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
Rsp Uap-3 Property LLC
Principals
Ziel Feldman, Kevin Maloney, Elliott Joseph
Tax estimate
The Mazursky GroupPrepared the first-year real estate tax projection

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

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