THE CONDO BOOK PROJECT

48-54 West 138th Street Condominium

48-54 West 138th Street, Manhattan, NY 10037

Overview

Units
88 residential
Subway
4 min walk to 135 St 2 3145 St 3, 9 min
Principals
Jason Behfarin, Louis Silverman, Robyn Sorid
Average $/sf
$578Homes in Schedule A, as first offered
Offering price
$25.1 million total $20.2 million when first offered

The sponsor of record is 48-54 West 138 LLC, represented by Marans Weisz & Newman LLC. The offering plan runs 262 pages. The sponsor has filed 21 amendments, the latest in July 2025. The nearest other condo plan on file is 66 West 138th Street Condominium, next door.

Plan CD110222 · Conversion · accepted Oct 15, 2012 · AG record ↗

Closings Pro

Homes closed90% of the homes in Schedule A80 of 89
Closing prices vs. Schedule A79 homes: $19,884,488 at closing against $18,060,000 in Schedule A (p. 18, p. 19, p. 20)+10.1%
Average closing price79 homes, on their Schedule A square feet$646 / SF
Closingsfirst and latest recordedOct 8, 2013 – Jul 30, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2026: 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 80 closings
HomeRecordedClosing priceSchedule ADifference
6MOct 8, 2013$229,806$220,000 p. 20+4.5%
5IOct 11, 2013$260,000$275,000 p. 20−5.5%
5JOct 11, 2013$163,000$190,000 p. 20−14.2%
5KOct 11, 2013$240,000$255,000 p. 20−5.9%
4LOct 14, 2013$282,000$260,000 p. 19+8.5%
4FOct 15, 2013$193,468$190,000 p. 19+1.8%
6AOct 15, 2013$224,015$220,000 p. 20+1.8%
6EOct 15, 2013$255,000$250,000 p. 20+2%
2JOct 16, 2013$150,072$190,000 p. 18−21%
2OOct 17, 2013$180,000$200,000 p. 18−10%
6HOct 17, 2013$321,438$260,000 p. 20+23.6%
4EOct 21, 2013$265,000$250,000 p. 19+6%
3FOct 23, 2013$172,380$190,000 p. 19−9.3%
6DOct 30, 2013$192,660$190,000 p. 20+1.4%
5ONov 4, 2013$194,688$200,000 p. 20−2.7%
6LNov 4, 2013$295,000$260,000 p. 20+13.5%
3JNov 7, 2013$167,310$190,000 p. 19−11.9%
4MNov 20, 2013$169,845$220,000 p. 19−22.8%
3ANov 25, 2013$218,010$220,000 p. 18−0.9%
2MDec 9, 2013$170,000$220,000 p. 18−22.7%
2FDec 20, 2013$145,000$190,000 p. 18−23.7%
3ODec 26, 2013$192,660$200,000 p. 19−3.7%
6FDec 27, 2013$192,660$190,000 p. 20+1.4%
2BDec 30, 2013$278,850$260,000 p. 18+7.3%
4BJan 16, 2014$293,550$260,000 p. 19+12.9%
6KJan 16, 2014$315,000$255,000 p. 20+23.5%
3BJan 21, 2014$285,000$260,000 p. 18+9.6%
4DJan 24, 2014$193,218$190,000 p. 19+1.7%
2DJan 28, 2014$190,632$190,000 p. 18+0.3%
6JJan 29, 2014$197,730$190,000 p. 20+4.1%
3GJan 30, 2014$182,000$190,000 p. 19−4.2%
5AFeb 5, 2014$220,000$220,000 p. 190%
1IFeb 6, 2014$223,607$275,000 p. 18−18.7%
5EFeb 7, 2014$278,850$250,000 p. 19+11.5%
3KFeb 10, 2014$271,890$255,000 p. 19+6.6%
6IFeb 18, 2014$322,240$255,000 p. 20+26.4%
4GFeb 27, 2014$181,260$190,000 p. 19−4.6%
2CFeb 28, 2014$262,000$255,000 p. 18+2.7%
2KFeb 28, 2014$258,570$255,000 p. 18+1.4%
5GMar 6, 2014$197,730$190,000 p. 19+4.1%
2NMar 27, 2014$181,260$200,000 p. 18−9.4%
1JApr 1, 2014$155,000$190,000 p. 18−18.4%
2GApr 1, 2014$170,000$190,000 p. 18−10.5%
2HApr 1, 2014$267,225$260,000 p. 18+2.8%
4OApr 9, 2014$203,663$200,000 p. 19+1.8%
6GApr 9, 2014$209,594$190,000 p. 20+10.3%
1GApr 23, 2014$170,000$190,000 p. 18−10.5%
3NApr 23, 2014$197,730$200,000 p. 19−1.1%
5DApr 23, 2014$212,940$190,000 p. 19+12.1%
3LApr 28, 2014$294,060$260,000 p. 19+13.1%
1FJun 2, 2014$165,439$190,000 p. 18−12.9%
6NJun 9, 2014$233,220$200,000 p. 20+16.6%
4NJun 20, 2014$222,482$200,000 p. 19+11.2%
2IJun 24, 2014$290,156$275,000 p. 18+5.5%
2LJul 2, 2014$276,708$260,000 p. 18+6.4%
4AJul 7, 2014$212,940$220,000 p. 19−3.2%
4IJul 7, 2014$336,575$255,000 p. 19+32%
4CAug 5, 2014$281,258$255,000 p. 19+10.3%
3MAug 13, 2014$228,150$220,000 p. 19+3.7%
3HAug 19, 2014$288,990$260,000 p. 19+11.1%
5BAug 25, 2014$304,474$260,000 p. 19+17.1%
1BAug 28, 2014$294,060$260,000 p. 18+13.1%
3EOct 20, 2014$276,315$250,000 p. 19+10.5%
2EOct 28, 2014$248,430$250,000 p. 18−0.6%
1AFeb 10, 2015$359,970$300,000 p. 18+20%
3IFeb 12, 2015$359,970$275,000 p. 19+30.9%
5FFeb 12, 2015$253,500$190,000 p. 19+33.4%
1MJun 11, 2015$365,040$300,000 p. 18+21.7%
5MSep 1, 2015$338,000$220,000 p. 20+53.6%
5CJan 29, 2016$329,550$255,000 p. 19+29.2%
5LMay 3, 2016$266,682$260,000 p. 20+2.6%
1Aug 17, 2016$405,600——
1DJan 17, 2017$197,730$190,000 p. 18+4.1%
1KSep 8, 2017$470,000$255,000 p. 18+84.3%
6CAug 1, 2018$438,000$255,000 p. 20+71.8%
1HNov 7, 2018$400,000$260,000 p. 18+53.8%
1CNov 30, 2018$461,370$255,000 p. 18+80.9%
6OMay 2, 2019$207,870$200,000 p. 20+3.9%
3DApr 16, 2026$305,000$190,000 p. 19+60.5%
5HJul 30, 2026$385,000$260,000 p. 20+48.1%

Pro

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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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
48-54 West 138 LLC
Principals
Jason Behfarin, Louis Silverman, Robyn Sorid

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