THE CONDO BOOK PROJECT

435 W. 19th Street Condominium

435 West 19th Street, Manhattan, NY 10011

Overview

Units
21 residential
Subway
8 min walk to 14 St/8 Av A C E L23 St C E, 9 min
Principals
Sorabh Maheshwari, Justin Ehrlich
Average $/sf
$2,257Homes in Schedule A, as first offered
Common charges
$962–$3,975 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
Offering price
$53.8 million total

The sponsor of record is Sp-Creh 19 Highline LLC, represented by Rosenberg & Estis, P.C.. The offering plan runs 328 pages. The sponsor has filed 1 amendment, the latest in January 2023. The nearest other condo plan on file is 422 West 20th Street Condominium, next door.

Plan CD220041 · New · accepted Sep 14, 2022 · AG record ↗

Compare

FigureThis building1Elisa225 units · 0.4 miaccepted 2021The Gild328 units · 1.7 miaccepted 2022
Common ChargesPer Square Foot / Month$1.52Above peers$1.49$1.03
Average Offering PricePer Apartment$2.56MBelow peers$3.18M$2.66M
Average PricePer Square Foot$2,257Below peers$2,373$2,667
Property TaxesPer Square Foot / Month$1.59Above peers$1.33$1.51
Average Unit SizeSquare Feet1,135 SFIn line1,342 SF1,080 SF

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Unit mix, closings, budgets, finishes and the team, against Elisa and The Gild, 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.

Closings Pro

Homes closed90% of the homes in Schedule A19 of 21
Closing prices vs. Schedule A19 homes: $38,425,969 at closing against $47,800,500 in Schedule A (p. 34)−19.6%
Average closing price19 homes, on their Schedule A square feet$1,844 / SF
Closingsfirst and latest recordedNov 1, 2023 – Aug 18, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 19 closings
HomeRecordedClosing priceSchedule ADifference
4BNov 1, 2023$1,765,969$1,955,000 p. 34−9.7%
5BNov 8, 2023$1,835,000$1,975,000 p. 34−7.1%
5DDec 6, 2023$2,250,000$2,545,000 p. 34−11.6%
PH3Jan 16, 2024$5,125,000$5,295,000 p. 34−3.2%
2BJun 28, 2024$1,600,000$1,915,000 p. 34−16.4%
5CJul 11, 2024$1,675,000$1,820,000 p. 34−8%
PH1Oct 25, 2024$5,695,000$6,895,000 p. 34−17.4%
PH2Feb 24, 2025$4,700,000$5,495,000 p. 34−14.5%
2AMar 13, 2025$850,000$1,255,000 p. 34−32.3%
1BMar 28, 2025$1,325,000$1,835,000 p. 34−27.8%
2DMar 28, 2025$1,800,000$2,465,000 p. 34−27%
4DApr 4, 2025$2,050,000$2,525,000 p. 34−18.8%
3ASep 5, 2025$795,000$1,270,500 p. 34−37.4%
3BFeb 3, 2026$1,415,000$1,935,000 p. 34−26.9%
4AFeb 25, 2026$795,000$1,285,000 p. 34−38.1%
5AApr 6, 2026$825,000$1,295,000 p. 34−36.3%
2CJul 24, 2026$990,000$1,765,000 p. 34−43.9%
3DAug 6, 2026$1,800,000$2,495,000 p. 34−27.9%
3CAug 18, 2026$1,135,000$1,780,000 p. 34−36.2%

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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
Sp-Creh 19 Highline LLC
Principals
Sorabh Maheshwari, Justin Ehrlich
Tax estimate
Korngold Powers LLPPrepared the first-year real estate tax projection
Construction lender
Silver Point FinanceLender on the mortgage and building loan agreement recorded February 2018 in ACRIS; $40.8 million recorded

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

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