THE CONDO BOOK PROJECT

500 West 22nd Street Condominium

500 West 22nd Street, Manhattan, NY 10011

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Overview

Units
10 residential · 1 commercial
Subway
8 min walk to 23 St C E14 St/8 Av A C E L, 12 min
Developers
Brantwood Capital Partners, Kenton & Company, Soundview Real Estate Partners
Principals
Daniel Harrington, Edward Gitlin, Nicholas D. Newman
Average $/sf
$2,851Homes in Schedule A, as first offered
Common charges
$1,784–$6,245 a monthSponsor's first-year estimate in Schedule A, 7/1/21-6/30/22
Offering price
$63.4 million total

The sponsor of record is Srep 10th Avenue Venture LLC**, represented by Starr Associates LLP. The offering plan runs 485 pages. The sponsor has filed 7 amendments, the latest in January 2026. The nearest other condo plan on file is 500 West 21st Street Condominium, next door.

Plan CD190293 · New · accepted Dec 1, 2020 · AG record ↗

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FigureThis building1532 West 20th29 units · 0.1 miaccepted 2020Tribeca Heritage37 units · 2 miaccepted 2021
Common ChargesPer Square Foot / Month$1.58In line$2.49$1.09
Average Offering PricePer Apartment$7.63MBelow peers$8.14M$9M
Average PricePer Square Foot$2,851In line$3,073$2,735
Property TaxesPer Square Foot / Month$1.53Below peers$1.88$1.57
Average Unit SizeSquare Feet2,324 SFSmaller2,649 SF3,197 SF

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Unit mix, closings, budgets, finishes and the team, against 532 West 20th and Tribeca Heritage, 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.

Closings Pro

Homes closed90% of the homes in Schedule A9 of 10
Closing prices vs. Schedule A4 homes: $29,600,000 at closing against $30,540,000 in Schedule A (p. 61)−3.1%
Average closing price9 homes, on their Schedule A square feet$2,497 / SF
Closingsfirst and latest recordedMar 1, 2022 – Jun 20, 2024

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 2025: 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 9 closings
HomeRecordedClosing priceSchedule ADifference
6AMar 1, 2022$9,300,000$9,650,000 p. 61−3.6%
PHBMar 2, 2022$12,500,000$12,750,000 p. 61−2%
4BMar 3, 2022$5,500,000$5,565,000 p. 61−1.2%
5BMar 21, 2022$5,600,000——
4AApr 22, 2022$2,350,000——
3BJun 6, 2022$5,400,000——
3ANov 4, 2022$2,300,000$2,575,000 p. 61−10.7%
5AFeb 16, 2024$2,250,000——
2AJun 20, 2024$5,311,150——

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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
Srep 10th Avenue Venture LLC**
Developers
Brantwood Capital Partners, Kenton & Company, Soundview Real Estate Partners
Principals
Daniel Harrington, Edward Gitlin, Nicholas D. Newman
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
Axos Bank$27.5 million recorded

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

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