THE CONDO BOOK PROJECT

Cooper Square Condominium

52-62 Cooper Square, Manhattan, NY 10003

Overview

Units
26 residential
Subway
2 min walk to Astor Pl 68 St-NYU R W, 3 min
Developer
Starwood Capital Group, L.L.C.
Principals
Gary Warfel, Judith Halevi, Steven Cohen
Average $/sf
$788Homes in Schedule A, as first offered
Common charges
$828–$3,333 a monthSponsor's first-year estimate in Schedule A, February 1, 2001 to January 31, 2002
Offering price
$69.6 million total

The sponsor of record is C-Squarewood LLC, represented by Goldberg Weprin Finkel Goldstein LLP. The offering plan runs 432 pages. The sponsor has filed 1 amendment, the latest in March 2001. The nearest other condo plan on file is Astor Place Condominium, next door.

Plan CD000095 · New · accepted Nov 22, 2000 · AG record ↗

Compare

FigureThis building1Sugar Warehouse233 units · 1.1 miaccepted 2002Solita316 units · 0.7 miaccepted 2001
Common ChargesPer Square Foot / Month$0.51Above peers$0.45$0.43
Average Offering PricePer Apartment$2.68MHighest$1.93M$1.41M
Average PricePer Square Foot$788Above peers$701$667
Property TaxesPer Square Foot / Month$0.45In line$0.31$0.71
Average Unit SizeSquare Feet3,398 SFLargest2,754 SF2,119 SF

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Unit mix, closings, budgets, finishes and the team, against Sugar Warehouse and Solita, 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 closed73% of the homes in Schedule A19 of 26
Closing prices vs. Schedule A9 homes: $27,972,389 at closing against $16,275,000 in Schedule A (p. 28)+71.9%
Average closing price9 homes, on their Schedule A square feet$1,105 / SF
Closingsfirst and latest recordedNov 8, 2002 – Nov 16, 2020

Sales recorded with the Department of Finance (ACRIS) through Aug 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 19 closings
HomeRecordedClosing priceSchedule ADifference
8BNov 8, 2002$2,851,100——
11ANov 8, 2002$2,851,100——
2A-TApr 7, 2003$2,494,713——
8A-TApr 28, 2003$2,291,063——
9ANov 25, 2003$1,323,725$1,725,000 p. 28−23.3%
9BApr 13, 2004$3,267,500$2,095,000 p. 28+56%
2-TApr 22, 2004$1,906,164$3,950,000 p. 28−51.7%
3Apr 30, 2004$2,392,888——
PH-62May 5, 2004$7,127,750——
COMMBOct 22, 2004$4,110,748——
PH-52Dec 6, 2004$3,920,263——
6BMar 30, 2007$4,600,000$1,950,000 p. 28+135.9%
9CSep 16, 2008$1,900,000$1,225,000 p. 28+55.1%
5AOct 7, 2009$3,125,000$1,585,000 p. 28+97.2%
8AJun 25, 2013$6,700,000——
4ADec 23, 2014$4,600,000$1,525,000 p. 28+201.6%
3CFeb 27, 2015$3,050,000$785,000 p. 28+288.5%
10BAug 28, 2018$6,350,000——
3ANov 16, 2020$4,200,000$1,435,000 p. 28+192.7%

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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
C-Squarewood LLC
Developer
Starwood Capital Group, L.L.C.
Principals
Gary Warfel, Judith Halevi, Steven Cohen
Tax estimate
Koeppel Tener Real Estate Services, Inc.Prepared the first-year real estate tax projection

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

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