THE CONDO BOOK PROJECT

Tribeca Heritage Condominium

51-53 White Street, Manhattan, NY 10013

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Overview

Units
7 residential · 1 commercial
Subway
3 min walk to Canal St A C ECanal St 6 J N Q R W Z, 4 min
Principals
David N. Friedman
Average $/sf
$2,735Homes in Schedule A, as first offered
Common charges
$3,499–$6,999 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 to June 30, 2022
Offering price
$51.1 million total $45.6 million when first offered

The sponsor of record is 51 White Street LLC, represented by D'Agostino, Levine, Landesman & Lederman, LLP. The offering plan runs 605 pages. The sponsor has filed 8 amendments, the latest in August 2026. The nearest other condo plan on file is 45 White Street Condominium, next door.

Plan CD200121 · New · accepted Feb 16, 2021 · AG record ↗

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FigureThis building1532 West 20th29 units · 1.9 miaccepted 2020Park House Chelsea310 units · 2 miaccepted 2020
Common ChargesPer Square Foot / Month$1.09Lowest$2.49$1.58
Average Offering PricePer Apartment$9MAbove peers$8.14M$7.63M
Average PricePer Square Foot$2,735Below peers$3,073$2,851
Property TaxesPer Square Foot / Month$1.57In line$1.88$1.53
Average Unit SizeSquare Feet3,197 SFLargest2,649 SF2,324 SF

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Unit mix, closings, budgets, finishes and the team, against 532 West 20th and Park House Chelsea, 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 closed71% of the homes in Schedule A5 of 7
Closing prices vs. Schedule A4 homes: $30,309,000 at closing against $30,000,000 in Schedule A (p. 77)+1%
Average closing price5 homes, on their Schedule A square feet$2,119 / SF
Closingsfirst and latest recordedFeb 15, 2022 – Jul 5, 2023

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 5 closings
HomeRecordedClosing priceSchedule ADifference
4Feb 15, 2022$7,604,500$7,500,000 p. 77+1.4%
3Feb 17, 2022$7,650,000$7,500,000 p. 77+2%
6Mar 11, 2022$7,550,000$7,500,000 p. 77+0.7%
5Jun 7, 2022$7,504,500$7,500,000 p. 77+0.1%
2Jul 5, 2023$229,568——

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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
51 White Street LLC
Principals
David N. Friedman
Tax estimate
Mazursky Group, Inc.Prepared the first-year real estate tax projection

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

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