Number 5 Condominium
5 East 44th Street, Manhattan, NY 10017
Overview
- Units
- 20 residential · 2 commercial
- Subway
- 3 min walk to Grand Central-42 St 4 5 6 7 S42 St-Bryant Pk/5 Av 7 B D F M, 4 min
- Developer
- Suzuki Associates
- Principals
- Isamu "Sam" Suzuki, Patrick Thompson
- Offering price
- $33.6 million total
- Floor plans
- Page 31 of the plan
The sponsor of record is Five East 44th, LLC, represented by Starr Associates LLP. The offering plan runs 346 pages. The sponsor has filed 11 amendments, the latest in July 2010. The nearest other condo plan on file is 520 Fifth Avenue Condominium, next door.
Plan CD060434 · New · accepted Nov 8, 2006 · AG record ↗
Compare
| Figure | This building1 | Porter House222 units · 1.6 miaccepted 2003 | 88 Washington Place314 units · 1.9 miaccepted 2005 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.4MIn line | $1.33M | $2.02M |
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Unit mix, closings, budgets, finishes and the team, against Porter House and 88 Washington Place, 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 21 of 21 |
| Closing prices vs. Schedule A18 homes: $22,184,294 at closing against $24,493,000 in Schedule A (p. 136) | −9.4% |
| Closingsfirst and latest recorded | Jun 24, 2009 – Apr 4, 2011 |
Sales recorded with the Department of Finance (ACRIS) through Jul 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 24 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 12 | Jun 24, 2009 | $1,680,113 | $1,699,000 p. 136 | −1.1% |
| 7 | Jun 30, 2009 | $2,000,000 | $1,650,000 p. 136 | +21.2% |
| 10 | Jul 1, 2009 | $1,380,000 | $1,575,000 p. 136 | −12.4% |
| 11 | Jul 31, 2009 | $1,412,775 | $1,625,000 p. 136 | −13.1% |
| 9 | Aug 20, 2009 | $1,360,000 | $1,550,000 p. 136 | −12.3% |
| 6A | Sep 11, 2009 | $983,897 | $1,100,000 p. 136 | −10.6% |
| 4A | Sep 15, 2009 | $1,004,494 | $950,000 p. 136 | +5.7% |
| 5A | Sep 15, 2009 | $1,133,275 | $975,000 p. 136 | +16.2% |
| COM | Feb 2, 2010 | $2,627,138 | — | — |
| 14 | Feb 8, 2010 | $1,425,550 | $1,750,000 p. 136 | −18.5% |
| 2B | Mar 18, 2010 | $575,311 | — | — |
| 3A | Apr 13, 2010 | $948,578 | — | — |
| 5B | Apr 29, 2010 | $645,840 | $550,000 p. 136 | +17.4% |
| PH | May 19, 2010 | $2,674,630 | — | — |
| 8 | May 27, 2010 | $1,352,228 | $1,525,000 p. 136 | −11.3% |
| 2A | Jul 9, 2010 | $914,000 | — | — |
| 15 | Jul 14, 2010 | $1,261,406 | $1,595,000 p. 136 | −20.9% |
| 16 | Jul 26, 2010 | $1,260,000 | $1,625,000 p. 136 | −22.5% |
| 19 | Jul 28, 2010 | $1,359,364 | $1,775,000 p. 136 | −23.4% |
| 4B | Jul 29, 2010 | $641,498 | $525,000 p. 136 | +22.2% |
| 17 | Sep 7, 2010 | $1,298,269 | $1,699,000 p. 136 | −23.6% |
| 18 | Oct 26, 2010 | $1,323,725 | $1,750,000 p. 136 | −24.4% |
| 6B | Dec 6, 2010 | $661,863 | $575,000 p. 136 | +15.1% |
| 3B | Apr 4, 2011 | $626,224 | — | — |
Pro
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
- Five East 44th, LLC
- Developer
- Suzuki Associates
- Principals
- Isamu "Sam" Suzuki, Patrick Thompson
- Counsel
- Starr Associates LLP
- Tax estimate
- Podell, Schwartz, Schechter & Banfield, LLPPrepared the first-year real estate tax projection
- Construction lender
- Lehman Brothers Holdings$23.4 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 520 Fifth Avenue Condominiumnext door · 100 units · 2024
- Mercantile Library Condominium0.2 mi · 18 units
- Bar Building Condominium0.2 mi · 0 units · 2004
- 485 Fifth Avenue At Bryant Park0.2 mi · 104 units · 2006
- 260 Park Avenue South Condominium0.2 mi · 110 units · 2004
- 50 West 47th Street Condominium0.2 mi · 0 units · 2009