THE CONDO BOOK PROJECT

45 Park Place Condominium

45 Park Place, Manhattan, NY 10007

Overview

Units
50 residential · 19 storage · 2 commercial
Subway
1 min walk to Chambers St/WTC/Park Place/Cortlandt St 2 3 A C E R WChambers St 1 2 3, 3 min
Developer
Soho Properties, Inc.
Principals
Sharif El-Gamal
Offering price
$447.6 million total

The sponsor of record is Park Place Development Primary LLC, represented by Holland & Knight LLP. The offering plan runs 617 pages. The sponsor has filed 11 amendments, the latest in April 2020. The nearest other condo plan on file is Broadway, next door.

Plan CD150085 · New · accepted Nov 19, 2015 · AG record ↗

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
Park Place Development Primary LLC
Developer
Soho Properties, Inc.
Principals
Sharif El-Gamal
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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