THE CONDO BOOK PROJECT

45 East 22nd Street Condominium

45 East 22nd Street, Manhattan, NY 10010

Compare

Overview

Units
83 residential · 1 parking · 1 storage
Subway
1 min walk to 23 St-Baruch College 623 St R W, 2 min
Principals
Ian Bruce Eichner
Offering price
$612 million total $610.7 million when first offered

The sponsor of record is 45 East 22nd Street Property LLC, represented by Holland & Knight LLP. The offering plan runs 666 pages. The sponsor has filed 34 amendments, the latest in August 2023. The nearest other condo plan on file is 36 E. 22nd St Condominium, next door.

Plan CD140005 · New · accepted Sep 15, 2014 · AG record ↗

Compare

FigureThis building1150 Charles291 units · 1.2 miaccepted 2013160 Leroy347 units · 1.4 miaccepted 2015
Average Offering PricePer Apartment$7.36MBelow peers$7.62M$8.01M

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 150 Charles and 160 Leroy, cited to the offering plans. No credit card required.

Create a free account
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
45 East 22nd Street Property LLC
Principals
Ian Bruce Eichner
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
Bsrecp II Joint US OriginationLender on the mortgage and building loan agreement recorded October 2014 in ACRIS; $344.1 million recorded

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

Nearby