THE CONDO BOOK PROJECT

441 West 54th Street Condominium A/K/A The Gild

441 West 54th Street-439-443 West 54th Street, Manhattan, NY 10019

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Overview

Units
28 residential
Subway
8 min walk to 59 St-Columbus Circle 1 A B C D50 St C E, 9 min
Principals
Manwei You
Average $/sf
$2,667Homes in Schedule A, as first offered
Common charges
$545–$1,479 a monthSponsor's first-year estimate in Schedule A, Twelve Month Period Commencing January 1, 2023 and Ending December 31, 2023 ("First Year")
Offering price
$64.5 million total $60.9 million when first offered

The sponsor of record is Yaus Special Clinton District, LLC, represented by D'Agostino, Levine Landesman, Et Al, LLP. The offering plan runs 503 pages. The nearest other condo plan on file is Hit Factory Condominium, next door.

Plan CD220083 · New · accepted Nov 30, 2022 · AG record ↗

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FigureThis building1435 W. 19th221 units · 1.7 miaccepted 2022Arloparc328 units · 1.9 miaccepted 2023
Common ChargesPer Square Foot / Month$1.03In line$1.52$0.92
Average Offering PricePer Apartment$2.66MIn line$2.56M$4.73M
Average PricePer Square Foot$2,667Above peers$2,257$2,477
Property TaxesPer Square Foot / Month$1.51Below peers$1.59$1.89
Average Unit SizeSquare Feet1,080 SFSmaller1,135 SF1,909 SF

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Unit mix, closings, budgets, finishes and the team, against 435 W. 19th and Arloparc, 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
Yaus Special Clinton District, LLC
Principals
Manwei You
Tax estimate
Goldberg Weprin Finkel Goldstein LLPPrepared the first-year real estate tax projection

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

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