THE CONDO BOOK PROJECT

Clinton West Condominium

517 West 46th Street, Manhattan, NY 10036

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Overview

Units
44 residential
Subway
10 min walk to Times Sq-42 St/Port Authority Bus Terminal 1 2 3 7 A C E N Q R S W50 St C E, 11 min
Developer
Kaish & Taub Development Group Corp.
Principals
Leonard Taub, Norman Kaish
Average $/sf
$938Homes in Schedule A, as first offered
Common charges
$352–$983 a monthSponsor's first-year estimate in Schedule A, yr. 1 taxes (first-year budget period not otherwise printed)
Offering price
$38.1 million total

The sponsor of record is Clinton West Partners LLC, represented by Howard Leder, Esq.. The offering plan runs 320 pages. The sponsor has filed 6 amendments, the latest in February 2009. The nearest other condo plan on file is Clinton West Condominium, next door.

Plan CD060154 · New · accepted Nov 8, 2006 · AG record ↗

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FigureThis building1Lumiere/350 West 53rd Street266 units · 0.4 miaccepted 2005141 Fifth338 units · 1.6 miaccepted 2007
Common ChargesPer Square Foot / Month$0.58Lowest$1.24$0.82
Average Offering PricePer Apartment$845,136In line$659,848$3.31M
Average PricePer Square Foot$938In line$828$1,909
Property TaxesPer Square Foot / Month$0.07Lowest$0.18$1.01
Average Unit SizeSquare Feet901 SFIn line797 SF1,735 SF

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Unit mix, closings, budgets, finishes and the team, against Lumiere/350 West 53rd Street and 141 Fifth, 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 closed100% of the homes in Schedule A44 of 44
Closing prices vs. Schedule A36 homes: $27,000,885 at closing against $26,036,000 in Schedule A (p. 24, p. 25)+3.7%
Average closing price36 homes, on their Schedule A square feet$961 / SF
Closingsfirst and latest recordedOct 25, 2007 – May 1, 2015

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 48 closings
HomeRecordedClosing priceSchedule ADifference
205Oct 25, 2007$625,000$540,000 p. 24+15.7%
306Oct 25, 2007$743,323$640,000 p. 24+16.1%
102Oct 26, 2007$700,000$700,000 p. 240%
207Oct 29, 2007$645,000$530,000 p. 24+21.7%
605Oct 29, 2007$665,000$600,000 p. 25+10.8%
204Oct 30, 2007$600,768$540,000 p. 24+11.3%
206Oct 31, 2007$702,000$620,000 p. 24+13.2%
304Nov 2, 2007$626,224$560,000 p. 24+11.8%
506Nov 7, 2007$720,000$665,000 p. 24+8.3%
507Nov 9, 2007$625,000$565,000 p. 24+10.6%
505Nov 15, 2007$651,680$585,000 p. 24+11.4%
606Nov 15, 2007$743,323$680,000 p. 25+9.3%
303Nov 16, 2007$707,084$640,000 p. 24+10.5%
407Nov 20, 2007$620,000$550,000 p. 24+12.7%
406Nov 26, 2007$504,217$650,000 p. 24−22.4%
703Nov 27, 2007$1,296,003——
702Dec 3, 2007$1,225,000——
704Dec 3, 2007$1,415,368——
405Dec 12, 2007$503,877$570,000 p. 24−11.6%
PH701Dec 13, 2007$1,315,000——
602Dec 17, 2007$1,130,000$1,085,000 p. 25+4.1%
607Dec 18, 2007$642,500$580,000 p. 25+10.8%
403Dec 21, 2007$511,356$650,000 p. 24−21.3%
404Dec 21, 2007$449,672$570,000 p. 24−21.1%
603Dec 21, 2007$590,179$680,000 p. 25−13.2%
604Jan 3, 2008$666,954$600,000 p. 25+11.2%
302Jan 8, 2008$1,120,075$1,045,000 p. 24+7.2%
101Jan 14, 2008$1,360,000——
202Jan 14, 2008$985,000$1,020,000 p. 24−3.4%
203Jan 15, 2008$695,000$620,000 p. 24+12.1%
201Jan 30, 2008$1,009,438$1,010,000 p. 24−0.1%
105Jan 31, 2008$1,450,000——
402Jan 31, 2008$1,025,000$1,010,000 p. 24+1.5%
503Feb 8, 2008$722,958$665,000 p. 24+8.7%
106Feb 13, 2008$1,120,075——
504Feb 13, 2008$661,863$585,000 p. 24+13.1%
301Mar 4, 2008$1,089,528$1,018,000 p. 24+7%
501Mar 6, 2008$1,125,000$1,060,000 p. 24+6.1%
502Mar 6, 2008$1,025,000$1,010,000 p. 24+1.5%
307Mar 13, 2008$621,133$540,000 p. 24+15%
401Apr 4, 2008$1,089,258$1,018,000 p. 24+7%
104May 22, 2008$1,177,000——
305Oct 8, 2008$640,479$560,000 p. 24+14.4%
601Aug 21, 2009$818,000$1,075,000 p. 24−23.9%
PH704Sep 16, 2009$999,000——
PH705Oct 30, 2009$480,000——
PH703Aug 28, 2012$1,500,000——
PH702May 1, 2015$1,500,000——

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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
Clinton West Partners LLC
Developer
Kaish & Taub Development Group Corp.
Principals
Leonard Taub, Norman Kaish
Tax estimate
Sonnenschein, Sherman & Deutsch, LLPPrepared the first-year real estate tax projection
Construction lender
Corus Bank$16.1 million recorded

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

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