517 W. 29th Street Condominium
517-523 West 29th Street, Manhattan, NY 10001
Overview
- Units
- 60 residential
- Subway
- 7 min walk to 34 St-Hudson Yards 734 St-Penn Station A C E, 12 min
- Developer
- Churchill Real Estate Holdings
- Principals
- Sorabh Maheshwari, Justin Ehrlich
- Average $/sf
- $2,123Homes in Schedule A, as first offered
- Common charges
- $528–$2,084 a monthSponsor's first-year estimate in Schedule A, January 1 - December 31, 2022
- Offering price
- $109.5 million total $104.2 million when first offered
The sponsor of record is Project 29 West Chelsea LLC, represented by Rosenberg & Estis, P.C.. The offering plan runs 370 pages. The sponsor has filed 1 amendment, the latest in August 2021. The nearest other condo plan on file is 517 W. 29th Street Condominium, next door.
Plan CD210080 · New · accepted Jul 13, 2021 · AG record ↗
Compare
| Figure | This building1 | The Lexi243 units · 1.2 miaccepted 2021 | The Edison Gramercy353 units · 1.5 miaccepted 2021 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.16Above peers | $0.97 | $1.15 |
| Average Offering PricePer Apartment | $1.75MIn line | $1.73M | $2.48M |
| Average PricePer Square Foot | $2,123In line | $2,015 | $2,233 |
| Property TaxesPer Square Foot / Month | $1.13Below peers | $1.32 | $1.42 |
| Average Unit SizeSquare Feet | 824 SFSmaller | 858 SF | 1,111 SF |
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Unit mix, closings, budgets, finishes and the team, against The Lexi and The Edison Gramercy, cited to the offering plans. No credit card required.
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- 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 closed73% of the homes in Schedule A | 44 of 60 |
| Closing prices vs. Schedule A44 homes: $62,885,397 at closing against $74,004,000 in Schedule A (p. 34, p. 35, p. 36) | −15% |
| Average closing price44 homes, on their Schedule A square feet | $1,822 / SF |
| Closingsfirst and latest recorded | Jan 24, 2025 – Sep 9, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Sep 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 44 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 8F | Jan 24, 2025 | $815,000 | $999,000 p. 36 | −18.4% |
| 5F | Feb 13, 2025 | $800,000 | $920,000 p. 35 | −13% |
| 4C | Feb 19, 2025 | $800,000 | $1,075,000 p. 34 | −25.6% |
| 5C | Feb 19, 2025 | $800,000 | $1,095,000 p. 35 | −26.9% |
| 5D | Feb 19, 2025 | $1,350,000 | $1,725,000 p. 35 | −21.7% |
| 6C | Feb 19, 2025 | $800,000 | $1,125,000 p. 35 | −28.9% |
| 7C | Feb 19, 2025 | $800,000 | $1,150,000 p. 35 | −30.4% |
| 8C | Feb 20, 2025 | $845,000 | $1,175,000 p. 36 | −28.1% |
| PHB | Feb 24, 2025 | $3,669,597 | $4,675,000 p. 36 | −21.5% |
| 4G | Feb 27, 2025 | $725,000 | $875,000 p. 35 | −17.1% |
| 8D | Mar 5, 2025 | $1,675,000 | $1,795,000 p. 36 | −6.7% |
| 6D | Mar 6, 2025 | $1,500,000 | $1,750,000 p. 35 | −14.3% |
| 4E | Mar 11, 2025 | $1,375,000 | $1,495,000 p. 35 | −8% |
| 6B | Mar 14, 2025 | $1,985,000 | $2,250,000 p. 35 | −11.8% |
| 5G | Mar 17, 2025 | $715,000 | $895,000 p. 35 | −20.1% |
| 4F | Mar 31, 2025 | $1,250,000 | $1,410,000 p. 35 | −11.3% |
| 8A | Apr 10, 2025 | $1,675,000 | $1,850,000 p. 36 | −9.5% |
| 8G | May 8, 2025 | $845,000 | $975,000 p. 36 | −13.3% |
| 5A | May 29, 2025 | $1,550,000 | $1,775,000 p. 35 | −12.7% |
| 5B | May 29, 2025 | $1,995,000 | $2,225,000 p. 35 | −10.3% |
| 7A | May 29, 2025 | $1,650,000 | $1,825,000 p. 35 | −9.6% |
| 6G | Jun 9, 2025 | $819,250 | $925,000 p. 35 | −11.4% |
| 4B | Jun 11, 2025 | $1,975,000 | $2,195,000 p. 34 | −10% |
| 7G | Jun 11, 2025 | $829,250 | $950,000 p. 36 | −12.7% |
| 7F | Jun 13, 2025 | $825,000 | $975,000 p. 36 | −15.4% |
| 6F | Jun 18, 2025 | $815,000 | $950,000 p. 35 | −14.2% |
| 2C | Jun 25, 2025 | $850,000 | $1,025,000 p. 34 | −17.1% |
| PHA | Jun 27, 2025 | $3,900,000 | $4,750,000 p. 36 | −17.9% |
| 7B | Jul 15, 2025 | $2,050,000 | $2,275,000 p. 35 | −9.9% |
| 3E | Jul 31, 2025 | $1,350,000 | $1,485,000 p. 34 | −9.1% |
| 3B | Aug 13, 2025 | $1,950,000 | $2,175,000 p. 34 | −10.3% |
| 3C | Aug 26, 2025 | $875,000 | $1,050,000 p. 34 | −16.7% |
| 2G | Aug 29, 2025 | $692,000 | $825,000 p. 34 | −16.1% |
| 8B | Sep 19, 2025 | $2,100,000 | $2,300,000 p. 36 | −8.7% |
| 2B | Oct 31, 2025 | $1,895,000 | $2,150,000 p. 34 | −11.9% |
| 3G | Nov 6, 2025 | $730,000 | $850,000 p. 34 | −14.1% |
| 2F | Dec 9, 2025 | $1,195,000 | $1,390,000 p. 34 | −14% |
| 7H | Dec 29, 2025 | $1,950,000 | $1,975,000 p. 36 | −1.3% |
| 2E | Mar 26, 2026 | $1,140,000 | $1,475,000 p. 34 | −22.7% |
| PHD | Apr 15, 2026 | $3,300,000 | $3,900,000 p. 36 | −15.4% |
| 3D | Jun 15, 2026 | $1,330,300 | $1,675,000 p. 34 | −20.6% |
| 7D | Jul 6, 2026 | $1,550,000 | $1,775,000 p. 36 | −12.7% |
| 6E | Aug 17, 2026 | $1,595,000 | $1,950,000 p. 35 | −18.2% |
| 5E | Sep 9, 2026 | $1,550,000 | $1,925,000 p. 35 | −19.5% |
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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
- Project 29 West Chelsea LLC
- Developer
- Churchill Real Estate HoldingsReported by mannpublications.com
- Principals
- Sorabh Maheshwari, Justin Ehrlich
- Counsel
- Rosenberg & Estis, P.C.
- Tax estimate
- Paul J. Korngold of Korngold Powers LLPPrepared the first-year real estate tax projection
- Construction lender
- Churchill Real Estate$85.5 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 517 W. 29th Street Condominiumnext door · 60 units · 2024
- 515 West 29 Condominiumnext door · 12 units · 2014
- Soori Highline Condominiumnext door · 27 units · 1 parking · 2014
- No. 29 Condominiumnext door · 6 units · 2019
- 550 West 29th Street Condominiumnext door · 19 units · 2017
- 520 West 28th Condominiumnext door · 40 units · 2015