THE CONDO BOOK PROJECT

52 Wooster Street Condominium

52 Wooster Street, Manhattan, NY 10013

Overview

Units
4 residential · 1 commercial
Subway
4 min walk to Canal St A C ECanal St 6 J N Q R W Z, 6 min
Developer
Continental Ventures Realty
Principals
Amir Chaluts, Benjamin Gordon, Jane Gol
Average $/sf
$2,683Homes in Schedule A, as first offered
Common charges
$2,705–$5,694 a monthSponsor's first-year estimate in Schedule A, Based on Projected Commencment on January 1, 2016
Offering price
$38.4 million total $35 million when first offered

The sponsor of record is 52 Wooster Holdings LLC, represented by Gerstein Strauss & Rinaldi LLP. The offering plan runs 427 pages. The sponsor has filed 12 amendments, the latest in December 2017. The nearest other condo plan on file is 43 Wooster Street Condominium, next door.

Plan CD140183 · New · accepted Jul 17, 2015 · AG record ↗

Compare

FigureThis building134 Prince27 units · 0.4 miaccepted 2015347 Bowery35 units · 0.6 miaccepted 2015
Common ChargesPer Square Foot / Month$1.36In line$1.77$0.99
Average Offering PricePer Apartment$7MLowest$10.1M$9.35M
Average PricePer Square Foot$2,683Below peers$2,964$3,219
Property TaxesPer Square Foot / Month$1.26In line$1.34$1.13
Average Unit SizeSquare Feet2,610 SFSmaller3,408 SF2,905 SF

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Unit mix, closings, budgets, finishes and the team, against 34 Prince and 347 Bowery, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.

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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.

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Closings Pro

Homes closed100% of the homes in Schedule A4 of 4
Closing prices vs. Schedule A4 homes: $29,334,151 at closing against $28,000,000 in Schedule A (p. 37)+4.8%
Average closing price4 homes, on their Schedule A square feet$2,810 / SF
Closingsfirst and latest recordedJun 30, 2017 – Aug 17, 2018

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2025: 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 4 closings
HomeRecordedClosing priceSchedule ADifference
4Jun 30, 2017$5,434,138$5,100,000 p. 37+6.6%
3Aug 10, 2017$5,200,000$5,000,000 p. 37+4%
2Dec 11, 2017$4,875,000$4,900,000 p. 37−0.5%
PHAug 17, 2018$13,825,013$13,000,000 p. 37+6.3%

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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
52 Wooster Holdings LLC
Developer
Continental Ventures Realty
Principals
Amir Chaluts, Benjamin Gordon, Jane Gol
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection
Construction lender
East West BankLender on the mortgage and building loan agreement recorded June 2014 in ACRIS; $15.4 million recorded

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

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