THE CONDO BOOK PROJECT

469/479 West 152nd Street Condominium

469 / 479 West 152nd Street, Manhattan, NY 10001

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Overview

Units
21 residential
Subway
5 min walk to 155 St C145 St A B C D, 7 min
Principals
Satnarine Persaud
Average $/sf
$655Homes in Schedule A, as first offered
Common charges
$396–$951 a monthSponsor's first-year estimate in Schedule A, August 1, 2006 - July 31, 2007
Offering price
$950,000 total $14.4 million when first offered

The sponsor of record is Arlington Capital, LLC, represented by Marcus Attorneys, Pllc. The offering plan runs 342 pages. The sponsor has filed 16 amendments, the latest in January 2016. The nearest other condo plan on file is Sugar Hill Condominiums (Cps-1), next door.

Plan CD050402 · New · accepted Jun 15, 2006 · AG record ↗

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FigureThis building1Palomar215 units · 1.9 miaccepted 2007Bridge313 units · 1.9 miaccepted 2006
Average Offering PricePer Apartment$684,619Above peers$683,216$646,923

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Unit mix, closings, budgets, finishes and the team, against Palomar and Bridge, 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
Arlington Capital, LLC
Principals
Satnarine Persaud
Tax estimate
Leitner Group, Inc.Prepared the first-year real estate tax projection

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

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