532 West 20th Street Condominium
532 West 20th Street, Manhattan, NY 10011
Overview
- Units
- 9 residential
- Subway
- 12 min walk to 23 St C E14 St/8 Av A C E L, 12 min
- Developer
- DDG Partners
- Principals
- Christopher J. Prokop, Joseph A. McMillian, Jr.
- Average $/sf
- $3,073Homes in Schedule A, as first offered
- Common charges
- $6,345–$7,012 a monthSponsor's first-year estimate in Schedule A, April 1, 2021 - March 31, 2022
- Offering price
- $80.9 million total
- Floor plans
- Page 53 of the plan
The sponsor of record is Ddg 532 West 20th Street LLC, represented by Starr Associates, LLP. The offering plan runs 476 pages. The sponsor has filed 6 amendments, the latest in October 2023. The nearest other condo plan on file is 100 Eleventh Avenue Condominium, next door.
Plan CD200067 · New · accepted Dec 22, 2020 · AG record ↗
Compare
| Figure | This building1 | Park House Chelsea210 units · 0.1 miaccepted 2020 | Tribeca Heritage37 units · 1.9 miaccepted 2021 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $2.49Highest | $1.58 | $1.09 |
| Average Offering PricePer Apartment | $8.14MIn line | $7.63M | $9M |
| Average PricePer Square Foot | $3,073Above peers | $2,851 | $2,735 |
| Property TaxesPer Square Foot / Month | $1.88Highest | $1.53 | $1.57 |
| Average Unit SizeSquare Feet | 2,649 SFIn line | 2,324 SF | 3,197 SF |
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Unit mix, closings, budgets, finishes and the team, against Park House Chelsea and Tribeca Heritage, 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 closed100% of the homes in Schedule A | 9 of 9 |
| Closing prices vs. Schedule A9 homes: $57,718,406 at closing against $73,245,000 in Schedule A (p. 61) | −21.2% |
| Average closing price9 homes, on their Schedule A square feet | $2,421 / SF |
| Closingsfirst and latest recorded | Dec 10, 2021 – Nov 17, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2024: 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 9 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 8 | Dec 10, 2021 | $6,010,000 | $8,200,000 p. 61 | −26.7% |
| PH | Dec 10, 2021 | $7,450,000 | $7,995,000 p. 61 | −6.8% |
| 10 | Feb 18, 2022 | $7,125,000 | $8,500,000 p. 61 | −16.2% |
| 5 | Feb 22, 2022 | $5,800,000 | $8,100,000 p. 61 | −28.4% |
| 3 | Apr 20, 2022 | $7,126,394 | $8,200,000 p. 61 | −13.1% |
| 4 | Jun 7, 2022 | $6,485,013 | $7,950,000 p. 61 | −18.4% |
| 6 | Sep 21, 2022 | $5,875,000 | $7,900,000 p. 61 | −25.6% |
| 7 | Oct 18, 2022 | $6,000,000 | $8,050,000 p. 61 | −25.5% |
| 9 | Nov 17, 2023 | $5,847,000 | $8,350,000 p. 61 | −30% |
Pro
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
- Ddg 532 West 20th Street LLC
- Developer
- DDG Partners
- Principals
- Christopher J. Prokop, Joseph A. McMillian, Jr.
- Counsel
- Starr Associates, LLP
- Tax estimate
- Marcus & Pollack LLPPrepared the first-year real estate tax projection
- Construction lender
- Bank OZK$29 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 100 Eleventh Avenue Condominiumnext door · 71 units
- 100 Eleventh Avenue Condonext door · 72 units · 2007
- 120 Eleventh Avenue A Condonext door · 8 units · 2009
- 524 West 19th Street Condonext door · 9 units · 2007
- 520 West 19th Street Condonext door · 26 units · 2006
- 540 West 21st Street Condominiumnext door · 34 units · 2019