47-49 Greene Street Condominium
47-49 Greene Street, Manhattan, NY 10013
Overview
- Units
- 4 residential · 1 commercial
- Subway
- 5 min walk to Canal St 6 J N Q R W ZCanal St A C E, 5 min
- Developer
- EMP Capital
- Principals
- Elichai M. Pariente
- Offering price
- $60.5 million total
- Floor plans
- Pages 310–311 of the plan
The sponsor of record is Empsrggreene LLC, represented by Holland & Knight LLP. The offering plan runs 514 pages. The sponsor has filed 2 amendments, the latest in October 2021. The nearest other condo plan on file is 53 Greene Condominium, next door.
Plan CD190392 · New · accepted Oct 9, 2020 · AG record ↗
Compare
| Figure | This building1 | 17 Jane26 units · 1.1 miaccepted 2019 | Tribeca Heritage37 units · 0.3 miaccepted 2021 |
|---|---|---|---|
| Average Offering PricePer Apartment | $15.13MIn line | $15.5M | $9M |
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Unit mix, closings, budgets, finishes and the team, against 17 Jane and Tribeca Heritage, cited to the offering plans. No credit card required.
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- 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.
Closings Pro
| Homes closed100% of the homes in the plan | 4 of 4 |
| Closingsfirst and latest recorded | Oct 25, 2021 – Jul 28, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2024: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 4 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2 | Oct 25, 2021 | $8,550,000 | — | — |
| 3 | Oct 27, 2021 | $8,500,000 | — | — |
| 4 | Nov 8, 2021 | $8,500,000 | — | — |
| 5 | Jul 28, 2022 | $32,664,000 | — | — |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Empsrggreene LLC
- Developer
- EMP Capital
- Principals
- Elichai M. Pariente
- Counsel
- Holland & Knight LLP
- Tax estimate
- Hucke and AssociatesPrepared the first-year real estate tax projection
- Construction lender
- First Republic Bank
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 53 Greene Condominiumnext door · 5 units · 2013
- 54 Greene Street Condominiumnext door · 9 units · 2016
- 52 Wooster Street Condominiumnext door · 4 units · 2015
- 74 Grand Street Condominiumnext door · 5 units · 2021
- 43 Wooster Street Condominiumnext door · 10 units · 2001
- 470 Broome Street Condominiumnext door · 6 units · 2007