THE CONDO BOOK PROJECT

Thirteen East

442 East 13th Street, Manhattan, NY 10009

Overview

Units
6 residential
Subway
2 min walk to 1 Av L3 Av L, 8 min
Principals
David Amirian
Average $/sf
$1,718Homes in Schedule A, as first offered
Common charges
$1,393–$2,125 a monthSponsor's first-year estimate in Schedule A, Commencing January 1, 2017 and Ending December 31, 2018
Offering price
$18.7 million total $18.1 million when first offered

The sponsor of record is Bridgeton Amirian 442 LLC, represented by Schwartz Sladkus Reich Greenberg Atlas LLP. The offering plan runs 322 pages. The sponsor has filed 3 amendments, the latest in June 2018. The nearest other condo plan on file is Thirteen West, next door.

Plan CD150341 · New · accepted Mar 8, 2016 · AG record ↗

Compare

FigureThis building1Thirteen West26 units · 0 miaccepted 2016328 Grand35 units · 1 miaccepted 2016
Common ChargesPer Square Foot / Month$0.97In line$0.97$0.41
Average Offering PricePer Apartment$3.01MIn line$3.01M$1.74M
Average PricePer Square Foot$1,718In line$1,718$1,732
Property TaxesPer Square Foot / Month$1.05In line$1.05$0.72
Average Unit SizeSquare Feet1,753 SFIn line1,753 SF1,004 SF

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Unit mix, closings, budgets, finishes and the team, against Thirteen West and 328 Grand, 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
Bridgeton Amirian 442 LLC
Principals
David Amirian
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection
Construction lender
Bank OZKLender on the mortgage and building loan agreement recorded January 2016 in ACRIS

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

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