THE CONDO BOOK PROJECT

One Riverside Park Condominium

50 Riverside Boulevard, Manhattan, NY 10069

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Overview

Units
219 residential · 1 parking · 4 commercial
Subway
13 min walk to 66 St-Lincoln Center 159 St-Columbus Circle 1 A B C D, 13 min
Principals
Gary Barnett
Offering price
$869.1 million total $870.9 million when first offered

The sponsor of record is 50 Riverside Blvd LLC, represented by Ganfer Shore Leeds & Zauderer, LLP. The offering plan runs 687 pages. The sponsor has filed 18 amendments, the latest in February 2018. The nearest other condo plan on file is Two Waterline Square Condominium, next door.

Plan CD130089 · New · accepted Nov 8, 2013 · AG record ↗

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FigureThis building1One West End Avenue2246 units · 0.1 miaccepted 2015Aldyn F/K/A Alden3151 units · 0.1 miaccepted 2010
Average Offering PricePer Apartment$3.98MIn line$4M$2.88M

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Unit mix, closings, budgets, finishes and the team, against One West End Avenue and Aldyn F/K/A Alden, 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
50 Riverside Blvd LLC
Principals
Gary Barnett
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lenders
Deutsche Bank AG, Capital One$325.9 million recorded

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

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