THE CONDO BOOK PROJECT

Jumel Mansion Condominium

422 West 160th Street, Manhattan, NY 10032

Overview

Units
4 residential
Subway
2 min walk to 163 St-Amsterdam Av C155 St C, 6 min
Principals
Howard Lev, Steven Schnall
Average $/sf
$957Homes in Schedule A, as first offered
Common charges
$401–$604 a monthSponsor's first-year estimate in Schedule A, April 1, 2020 - March 31, 2021
Offering price
$3.66 million total

The sponsor of record is Archon Equities LLC, represented by Kunstlinger Law Firm LLC. The offering plan runs 269 pages. The nearest other condo plan on file is Jumel Terrace Condominium, 0.1 mi away.

Plan CD180468 · Rehab · accepted Jan 21, 2020 · AG record ↗

Compare

FigureThis building1Blackfriars28 units · 1.4 miaccepted 2019265 West 131st36 units · 1.5 miaccepted 2022
Common ChargesPer Square Foot / Month$0.50In line$0.57$0.39
Average Offering PricePer Apartment$914,000Above peers$856,250$870,833
Average PricePer Square Foot$957Below peers$960$971
Property TaxesPer Square Foot / Month$0.82In line$0.19$0.86
Average Unit SizeSquare Feet955 SFLarger892 SF897 SF

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Unit mix, closings, budgets, finishes and the team, against Blackfriars and 265 West 131st, 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.

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
Archon Equities LLC
Principals
Howard Lev, Steven Schnall
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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

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