THE CONDO BOOK PROJECT

441 West 37th Street Condominium

441 West 37th Street, Manhattan, NY 10018

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Overview

Units
9 residential
Subway
5 min walk to 34 St - Hudson Yards 734 St-Penn Station A C E, 7 min
Principals
Levi Balkany
Average $/sf
$1,599Homes in Schedule A, as first offered
Common charges
$808–$1,893 a monthSponsor's first-year estimate in Schedule A, January 1, 2021- December 31, 2021
Offering price
$22.2 million total

The sponsor of record is West 37th St LLC, represented by Marans, Weisz & Newman, LLC. The offering plan runs 313 pages. The sponsor has filed 3 amendments, the latest in September 2022. The nearest other condo plan on file is 446 West 38th Street Condominium, next door.

Plan CD190172 · New · accepted Apr 27, 2020 · AG record ↗

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FigureThis building1422 West 49th28 units · 0.6 miaccepted 2020Gramercy North314 units · 1.3 miaccepted 2019
Common ChargesPer Square Foot / Month$0.85Highest$0.54$0.53
Average Offering PricePer Apartment$2.36MIn line$2.22M$2.69M
Average PricePer Square Foot$1,599Below peers$1,715$1,753
Property TaxesPer Square Foot / Month$1.15Above peers$0.53$1.06
Average Unit SizeSquare Feet1,475 SFIn line1,295 SF1,535 SF

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Unit mix, closings, budgets, finishes and the team, against 422 West 49th and Gramercy North, 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 closed78% of the homes in Schedule A7 of 9
Closing prices vs. Schedule A6 homes: $12,795,000 at closing against $14,350,000 in Schedule A (p. 47)−10.8%
Average closing price6 homes, on their Schedule A square feet$1,441 / SF
Closingsfirst and latest recordedOct 24, 2022 – Jun 13, 2023

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2025: 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 7 closings
HomeRecordedClosing priceSchedule ADifference
3Oct 24, 2022$1,925,000$1,975,000 p. 47−2.5%
5Oct 28, 2022$2,125,000$2,150,000 p. 47−1.2%
7Oct 28, 2022$2,300,000$2,250,000 p. 47+2.2%
6Oct 31, 2022$2,150,000$2,200,000 p. 47−2.3%
PH2Oct 31, 2022$1,800,000——
8Nov 10, 2022$2,350,000$3,750,000 p. 47−37.3%
4Jun 13, 2023$1,945,000$2,025,000 p. 47−4%

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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
West 37th St LLC
Principals
Levi Balkany
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Lindemann, LLPPrepared the first-year real estate tax projection
Construction lender
441 West 37th Street Holder$6.5 million recorded

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

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