42 Crosby Street Condominium
42 Crosby Street, Manhattan, NY 10012
Overview
- Units
- 10 residential · 10 parking · 2 commercial
- Subway
- 3 min walk to Spring St 6Prince St R W, 5 min
- Developer
- Atlas Capital Group
- Principals
- Andrew B. Cohen, Jeffrey A. Goldberger
- Offering price
- $137.8 million total $118 million when first offered
- Floor plans
- Pages 317–318 of the plan
The sponsor of record is Broome Street Owner LLC, represented by Stroock & Stroock & Lavan LLP. The offering plan runs 542 pages. The sponsor has filed 11 amendments, the latest in February 2019. The nearest other condo plan on file is Crosby Street Condominium, next door.
Plan CD140043 · New · accepted Sep 5, 2014 · AG record ↗
Compare
| Figure | This building1 | 215 Chrystie211 units · 0.4 miaccepted 2014 | 22 Bond36 units · 0.5 miaccepted 2015 |
|---|---|---|---|
| Average Offering PricePer Apartment | $11.79MIn line | $10.76M | $13.01M |
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Unit mix, closings, budgets, finishes and the team, against 215 Chrystie and 22 Bond, 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.
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
- Broome Street Owner LLC
- Developer
- Atlas Capital Group
- Principals
- Andrew B. Cohen, Jeffrey A. Goldberger
- Tax estimate
- The Leitner Group, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Valley National BankLender on the mortgage and building loan agreement recorded August 2014 in ACRIS; $40 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Crosby Street Condominiumnext door · 4 units · 2013
- 425 Broome Street Condominiumnext door · 11 units · 2006
- 419-421 Broome Street Condominiumnext door · 4 units · 2010
- 56 Crosby Street Condonext door · 10 units · 2000
- 210 Lafayette Street Condominiumnext door · 53 units · 2004
- 30 Crosby Street Condonext door · 13 units · 2000