Style Condominium
51 East 131st Street And 48 East 132nd Street, Manhattan, NY 10037
Overview
- Units
- 31 residential · 8 storage
- Subway
- 9 min walk to 125 St 4 5 6135 St 2 3, 10 min
- Developer
- The Fane Organization
- Principals
- Daria Fane, Jason Fane
- Average $/sf
- $933Homes in Schedule A, as first offered
- Common charges
- $326–$744 a monthSponsor's first-year estimate in Schedule A, July 1, 2016 to June 30, 2017
- Offering price
- $17.5 million total $16.4 million when first offered
The sponsor of record is The Style Condo LLC, represented by Allen, Morris & Troisi LLP. The offering plan runs 281 pages. The sponsor has filed 12 amendments, the latest in June 2020. The nearest other condo plan on file is Walden Condominium, next door.
Plan CD160016 · New · accepted May 2, 2016 · AG record ↗
Compare
| Figure | This building1 | Cereza252 units · 1.6 miaccepted 2017 | Vitre348 units · 1.8 miaccepted 2016 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.82Lowest | $1.65 | $1.10 |
| Average Offering PricePer Apartment | $538,239Lowest | $895,077 | $1.79M |
| Average PricePer Square Foot | $933Lowest | $1,434 | $1,650 |
| Property TaxesPer Square Foot / Month | $0.92Highest | $0.48 | $0.77 |
| Average Unit SizeSquare Feet | 577 SFSmaller | 624 SF | 1,088 SF |
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Unit mix, closings, budgets, finishes and the team, against Cereza and Vitre, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 31 of 31 |
| Closing prices vs. Schedule A31 homes: $17,424,886 at closing against $16,685,400 in Schedule A (p. 21, p. 22, p. 23, p. 24) | +4.4% |
| Average closing price31 homes, on their Schedule A square feet | $975 / SF |
| Closingsfirst and latest recorded | Jun 21, 2017 – Sep 18, 2023 |
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 31 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4B | Jun 21, 2017 | $660,844 | $597,500 p. 21 | +10.6% |
| 5A | Jun 22, 2017 | $616,041 | $550,500 p. 21 | +11.9% |
| 3A | Jun 26, 2017 | $566,147 | $520,500 p. 21 | +8.8% |
| 4A | Jun 26, 2017 | $563,244 | $540,500 p. 21 | +4.2% |
| 5B | Jun 26, 2017 | $650,662 | $607,500 p. 22 | +7.1% |
| 3D | Jun 28, 2017 | $413,712 | $372,500 p. 23 | +11.1% |
| 5D | Jun 28, 2017 | $401,592 | $392,500 p. 23 | +2.3% |
| 3B | Jun 30, 2017 | $635,388 | $587,500 p. 21 | +8.2% |
| 3E | Jul 5, 2017 | $414,726 | $394,500 p. 23 | +5.1% |
| PHF | Jul 7, 2017 | $634,693 | $618,450 p. 24 | +2.6% |
| 3F | Jul 10, 2017 | $455,286 | $429,000 p. 23 | +6.1% |
| 2C | Jul 11, 2017 | $390,390 | $374,000 p. 22 | +4.4% |
| 6A | Jul 11, 2017 | $591,603 | $560,500 p. 22 | +5.5% |
| 2F | Jul 12, 2017 | $429,733 | $409,000 p. 22 | +5.1% |
| 3C | Jul 12, 2017 | $390,390 | $384,000 p. 22 | +1.7% |
| PHE | Jul 12, 2017 | $733,018 | $698,450 p. 24 | +4.9% |
| 4D | Jul 13, 2017 | $408,642 | $382,500 p. 23 | +6.8% |
| 2D | Jul 14, 2017 | $396,474 | $355,000 p. 22 | +11.7% |
| 1B | Jul 19, 2017 | $455,286 | $449,000 p. 21 | +1.4% |
| PHD | Jul 19, 2017 | $870,875 | $854,000 p. 24 | +2% |
| 6B | Jul 20, 2017 | $655,209 | $617,500 p. 22 | +6.1% |
| 5E | Jul 21, 2017 | $432,861 | $414,500 p. 23 | +4.4% |
| 2E | Aug 1, 2017 | $423,852 | $377,000 p. 22 | +12.4% |
| 4C | Aug 14, 2017 | $840,813 | $814,000 p. 23 | +3.3% |
| 4E | Aug 17, 2017 | $456,300 | $404,500 p. 23 | +12.8% |
| 1A | Sep 20, 2017 | $370,110 | $349,000 p. 21 | +6% |
| 2B | Oct 23, 2017 | $622,151 | $565,500 p. 21 | +10% |
| 5C | Mar 2, 2018 | $842,115 | $834,000 p. 23 | +1% |
| 1C | May 30, 2018 | $867,848 | $897,000 p. 22 | −3.2% |
| 2A | Jul 30, 2018 | $539,882 | $503,000 p. 21 | +7.3% |
| PHC | Sep 18, 2023 | $695,000 | $832,000 p. 24 | −16.5% |
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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
- The Style Condo LLC
- Developer
- The Fane OrganizationReported by rebusinessonline.com
- Principals
- Daria Fane, Jason Fane
- Counsel
- Allen, Morris & Troisi LLP
- Tax estimate
- Mazursky GroupPrepared the first-year real estate tax projection
- Construction lender
- Bank Leumi$10 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Walden Condominiumnext door · 25 units · 2004
- 57 East 130th Street Condominiumnext door · 5 units · 2017
- 13 East 131 Condominiumnext door · 10 units · 2002
- Tatum0.1 mi · 18 units · 2005
- 2119 5th Avenue Condominium0.1 mi · 4 units · 2004
- Metropolis Condominium0.1 mi · 13 units · 2009