429 2nd Avenue Condominium
429 2nd Avenue, Manhattan, NY 10010
Overview
- Units
- 59 residential
- Subway
- 8 min walk to 23 St-Baruch College 628 St 6, 9 min
- Developer
- New Empire Corp
- Average $/sf
- $2,069Homes in Schedule A, as first offered
- Common charges
- $757–$3,163 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 - December 31, 2025
- Offering price
- $94.5 million total $85.9 million when first offered
- Floor plans
- Page 48 of the plan
The sponsor of record is Nere Kips Bay Management LLC, represented by Marcus Attorneys, Pllc. The offering plan runs 394 pages. The sponsor has filed 5 amendments, the latest in April 2026. The nearest other condo plan on file is Gramercy 24 Condominium, next door.
Plan CD230102 · New · accepted Jan 22, 2024 · AG record ↗
Compare
| Figure | This building1 | 517 West 29th260 units · 1.5 miaccepted 2024 | The Florian354 units · 0.4 miaccepted 2025 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.72Highest | $1.40 | $1.18 |
| Average Offering PricePer Apartment | $1.47MLowest | $1.73M | $2.16M |
| Average PricePer Square Foot | $2,069Below peers | $2,102 | $2,275 |
| Property TaxesPer Square Foot / Month | $1.80In line | $2.36 | $1.33 |
| Average Unit SizeSquare Feet | 708 SFSmaller | 824 SF | 950 SF |
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Unit mix, closings, budgets, finishes and the team, against 517 West 29th and The Florian, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed95% of the homes in Schedule A | 56 of 59 |
| Closing prices vs. Schedule A53 homes: $79,648,066 at closing against $72,290,000 in Schedule A (p. 40, p. 41) | +10.2% |
| Average closing price53 homes, on their Schedule A square feet | $2,241 / SF |
| Closingsfirst and latest recorded | Jun 16, 2025 – Sep 3, 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 56 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2D | Jun 16, 2025 | $1,705,569 | $1,600,000 p. 40 | +6.6% |
| 8A | Jun 16, 2025 | $1,910,085 | $1,650,000 p. 41 | +15.8% |
| 10C | Jun 16, 2025 | $1,507,010 | $1,260,000 p. 41 | +19.6% |
| 10D | Jun 16, 2025 | $1,657,675 | $1,390,000 p. 41 | +19.3% |
| 11C | Jun 16, 2025 | $2,420,762 | $1,750,000 p. 41 | +38.3% |
| 6B | Jun 17, 2025 | $1,232,083 | $1,210,000 p. 40 | +1.8% |
| 9B | Jun 17, 2025 | $1,423,004 | $1,250,000 p. 41 | +13.8% |
| 6E | Jun 18, 2025 | $1,810,394 | $1,610,000 p. 40 | +12.4% |
| 7D | Jun 18, 2025 | $1,364,455 | $1,340,000 p. 40 | +1.8% |
| 8B | Jun 18, 2025 | $1,382,712 | $1,240,000 p. 41 | +11.5% |
| 8C | Jun 18, 2025 | $1,333,568 | $1,230,000 p. 41 | +8.4% |
| 3F | Jun 20, 2025 | $935,208 | $880,000 p. 40 | +6.3% |
| 8D | Jun 20, 2025 | $1,624,109 | $1,360,000 p. 41 | +19.4% |
| 10A | Jun 20, 2025 | $2,112,013 | $1,680,000 p. 41 | +25.7% |
| 10B | Jun 20, 2025 | $1,488,711 | $1,270,000 p. 41 | +17.2% |
| 1A | Jun 23, 2025 | $1,086,914one deed, 2 homes | $880,000 p. 40 | — |
| 2E | Jun 23, 2025 | $922,074 | $860,000 p. 40 | +7.2% |
| 8F | Jun 23, 2025 | $1,064,456 | $960,000 p. 41 | +10.9% |
| 9F | Jun 23, 2025 | $1,086,914one deed, 2 homes | $970,000 p. 41 | — |
| 10F | Jun 23, 2025 | $1,097,719 | $990,000 p. 41 | +10.9% |
| 3C | Jun 24, 2025 | $1,232,537 | $1,150,000 p. 40 | +7.2% |
| 6D | Jun 24, 2025 | $1,491,736 | $1,330,000 p. 40 | +12.2% |
| 5F | Jun 25, 2025 | $1,013,159 | $910,000 p. 40 | +11.3% |
| 6A | Jun 25, 2025 | $1,881,671 | $1,620,000 p. 40 | +16.2% |
| 7F | Jun 25, 2025 | $1,082,345 | $940,000 p. 40 | +15.1% |
| 8E | Jun 25, 2025 | $1,868,489 | $1,640,000 p. 41 | +13.9% |
| 4C | Jun 26, 2025 | $1,352,181 | $1,170,000 p. 40 | +15.6% |
| 9C | Jun 26, 2025 | $1,476,463 | $1,240,000 p. 41 | +19.1% |
| 2B | Jun 27, 2025 | $1,300,085 | $1,140,000 p. 40 | +14% |
| 4D | Jun 27, 2025 | $1,481,409 | $1,300,000 p. 40 | +14% |
| 4F | Jun 27, 2025 | $986,302 | $900,000 p. 40 | +9.6% |
| 5D | Jun 27, 2025 | $1,244,500 | $1,310,000 p. 40 | −5% |
| 5E | Jun 27, 2025 | $1,510,500 | $1,590,000 p. 40 | −5% |
| 7E | Jun 27, 2025 | $1,718,751 | $1,620,000 p. 40 | +6.1% |
| 2C | Jun 30, 2025 | $1,086,473 | $1,100,000 p. 40 | −1.2% |
| 3A | Jul 1, 2025 | $1,735,971 | $1,570,000 p. 40 | +10.6% |
| 5B | Jul 3, 2025 | $1,211,718 | $1,190,000 p. 40 | +1.8% |
| 3D | Jul 7, 2025 | $1,440,824 | $1,280,000 p. 40 | +12.6% |
| 5C | Jul 7, 2025 | $1,374,638 | $1,180,000 p. 40 | +16.5% |
| 3B | Jul 8, 2025 | $1,181,170 | $1,160,000 p. 40 | +1.8% |
| 6C | Jul 8, 2025 | $1,379,729 | $1,200,000 p. 40 | +15% |
| 7B | Jul 8, 2025 | $1,242,265 | $1,220,000 p. 40 | +1.8% |
| 6F | Jul 15, 2025 | $997,885 | $930,000 p. 40 | +7.3% |
| 4E | Jul 17, 2025 | $1,713,215 | $1,580,000 p. 40 | +8.4% |
| 4B | Jul 18, 2025 | $1,349,181 | $1,180,000 p. 40 | +14.3% |
| 7C | Jul 18, 2025 | $1,298,269 | $1,210,000 p. 40 | +7.3% |
| 4A | Aug 19, 2025 | $1,781,938 | $1,590,000 p. 40 | +12.1% |
| PHA | Sep 3, 2025 | $3,400,000 | $3,190,000 p. 41 | +6.6% |
| 3E | Sep 4, 2025 | $1,746,274 | $1,560,000 p. 40 | +11.9% |
| 5A | Sep 9, 2025 | $1,848,424 | $1,600,000 p. 40 | +15.5% |
| PHC | Jul 31, 2026 | $1,493,489 | — | — |
| 2A | Aug 17, 2026 | $1,425,550 | $1,550,000 p. 40 | −8% |
| 9A | Aug 17, 2026 | $1,731,025 | $1,660,000 p. 41 | +4.3% |
| 9E | Sep 1, 2026 | $1,700,770 | $1,650,000 p. 41 | +3.1% |
| 10E | Sep 1, 2026 | $1,721,017 | $1,670,000 p. 41 | +3.1% |
| 7A | Sep 3, 2026 | $1,650,000 | $1,630,000 p. 40 | +1.2% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Nere Kips Bay Management LLC
- Developer
- New Empire CorpReported by prnewswire.com
- Counsel
- Marcus Attorneys, Pllc
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
- Construction lender
- Popular BankLender on the mortgage and building loan agreement recorded September 2023 in ACRIS; $42 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
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- 225-227 East 24th Street Condominiumnext door · 5 units · 2006
- 240 East 27th Street Condominiumnext door · 324 units
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- Tempo0.1 mi · 103 units · 2008
- Gramercy Green Condominium0.1 mi · 292 units