THE CONDO BOOK PROJECT

Hit Factory Condominium

421 West 54th Street, Manhattan, NY 10019

Overview

Units
0 residential · 2 commercial
Subway
8 min walk to 59 St-Columbus Circle 1 A B C D50 St C E, 8 min
Developer
Core Plus Properties, LLC
Principals
Charles M. Dubroff, Richard Saunders, Scott Turkington
Offering price
$58.5 million total

The sponsor of record is Sagamore 54th St. Investments LLC, represented by Philip S Brody. The offering plan runs 523 pages. The sponsor has filed 22 amendments, the latest in May 2014. The nearest other condo plan on file is 441 West 54th Street Condominium A/K/A The Gild, next door.

Plan CD050390 · New · accepted May 2, 2006 · AG record ↗

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
Sagamore 54th St. Investments LLC
Developer
Core Plus Properties, LLC
Principals
Charles M. Dubroff, Richard Saunders, Scott Turkington
Tax estimate
Tuchman Katz, Schwartz Gelles Korngold & Weiss, LLPPrepared the first-year real estate tax projection
Construction lender
Bank of Scotland$28.3 million loan stated in the plan

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

Nearby