THE CONDO BOOK PROJECT

503 West 24th Street Condominium

503 West 24th Street, Manhattan, NY 10001

Overview

Units
6 residential
Subway
8 min walk to 23 St C E23 St 1, 11 min
Developer
SHVO
Principals
Moshe Shuster
Offering price
$16.5 million total

The sponsor of record is Vhs 239 LLC, represented by Holland & Knight LLP. The offering plan runs 412 pages. The sponsor has filed 11 amendments, the latest in July 2022. The nearest other condo plan on file is 245 10th Avenue Condominium, next door.

Plan CD150212 · New · accepted Dec 14, 2016 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan6 of 6
Closingsfirst and latest recordedApr 20, 2018 – Dec 14, 2021

Sales recorded with the Department of Finance (ACRIS) through May 31, 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 7 closings
HomeRecordedClosing priceSchedule ADifference
GALLApr 20, 2018$27,000,000——
PHApr 26, 2018$59,058,500——
FOUNDDec 31, 2018$29,000,000——
3Jun 11, 2021$10,209,300——
4Jun 11, 2021$11,800,000——
2Jun 21, 2021$8,700,000——
1Dec 14, 2021$9,300,000——

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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
Vhs 239 LLC
Developer
SHVO
Principals
Moshe Shuster
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
United Overseas Bank$11.4 million recorded

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

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