THE CONDO BOOK PROJECT

Towers Units At Mima Condominium

460 West 42nd Street, Manhattan, NY 10036

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Overview

Units
151 residential
Subway
6 min walk to Times Sq-42 St/Port Authority Bus Terminal 1 2 3 7 A C E N Q R S W34 St - Hudson Yards 7, 10 min
Principals
Shang Dai, Zengliang Shan
Offering price
$420.7 million total $407.5 million when first offered

The sponsor of record is Scg Mima Towers LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 872 pages. The sponsor has filed 21 amendments, the latest in December 2025. The nearest other condo plan on file is Chatham 44 Condominium, 0.1 mi away.

Plan CD150200 · Conversion · accepted Jan 29, 2016 · AG record ↗

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FigureThis building188 & 90 Lex2122 units · 1.3 miaccepted 2015Coda3138 units · 1.8 miaccepted 2015
Average Offering PricePer Apartment$2.7MAbove peers$2.36M$1.31M

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Unit mix, closings, budgets, finishes and the team, against 88 & 90 Lex and Coda, 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
Scg Mima Towers LLC
Principals
Shang Dai, Zengliang Shan
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection

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

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