THE CONDO BOOK PROJECT

Vandewater

543 West 122nd Street, Manhattan, NY 10027

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Overview

Units
183 residential · 1 parking
Subway
6 min walk to 125 St 1116 St-Columbia University 1, 8 min
Developer
Savanna
Principals
Christopher Schlank, Nicholas Beinstock
Average $/sf
$1,707Homes in Schedule A, as first offered
Common charges
$541–$2,407 a monthSponsor's first-year estimate in Schedule A, Commencing January 1, 2020 and Ending December 31, 2020 ("First Year")
Offering price
$389.8 million total

The sponsor of record is West 122nd Street Property Investors Iii, LLC, represented by D'Agostino, Levine, Landesman & Lederman, LLP. The offering plan runs 882 pages. The sponsor has filed 30 amendments, the latest in July 2026. The nearest other condo plan on file is 100 Claremont Condominium, 0.1 mi away.

Plan CD170232 · New · accepted Jul 31, 2018 · AG record ↗

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FigureThis building1Charlie West2123 units · 4 miaccepted 2017Two Waterline Square3160 units · 3.1 miaccepted 2017
Common ChargesPer Square Foot / Month$1.00Below peers$1.09$1.31
Average Offering PricePer Apartment$2.13MBelow peers$2.2M$4.06M
Average PricePer Square Foot$1,707Below peers$1,966$2,732
Property TaxesPer Square Foot / Month$1.02Above peers$0.95$0.07
Average Unit SizeSquare Feet1,248 SFIn line1,114 SF1,485 SF

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Unit mix, closings, budgets, finishes and the team, against Charlie West and Two Waterline Square, 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 closed95% of the homes in Schedule A174 of 183
Closing prices vs. Schedule A174 homes: $361,354,064 at closing against $366,750,000 in Schedule A (p. 71, p. 72, p. 73, p. 74)−1.5%
Average closing price174 homes, on their Schedule A square feet$1,689 / SF
Closingsfirst and latest recordedDec 23, 2020 – Aug 21, 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 174 closings
HomeRecordedClosing priceSchedule ADifference
8FDec 23, 2020$943,500$825,000 p. 72+14.4%
10EJan 6, 2021$1,875,000$1,875,000 p. 720%
15EJan 15, 2021$2,065,520$1,975,000 p. 72+4.6%
5BJan 20, 2021$1,225,464$1,165,000 p. 71+5.2%
9EJan 28, 2021$1,868,500$1,850,000 p. 72+1%
9FJan 28, 2021$955,628$835,000 p. 72+14.4%
11EFeb 11, 2021$1,880,000$1,900,000 p. 72−1.1%
7EFeb 26, 2021$1,815,000$1,800,000 p. 71+0.8%
12FMar 1, 2021$884,350$865,000 p. 72+2.2%
5GMar 9, 2021$1,225,464$1,125,000 p. 71+8.9%
5FMar 12, 2021$981,084$795,000 p. 71+23.4%
15FMar 12, 2021$996,358$885,000 p. 73+12.6%
14EMar 16, 2021$2,018,500$1,950,000 p. 72+3.5%
8EMar 19, 2021$1,813,500$1,825,000 p. 72−0.6%
6GMar 22, 2021$1,240,738$1,137,500 p. 71+9.1%
17FApr 2, 2021$1,373,110$1,315,000 p. 73+4.4%
9GApr 5, 2021$1,200,008$1,175,000 p. 72+2.1%
17CApr 7, 2021$2,046,683$2,010,000 p. 73+1.8%
19FApr 8, 2021$1,306,924$1,230,000 p. 73+6.3%
5CApr 12, 2021$1,785,501$1,775,000 p. 71+0.6%
17EApr 22, 2021$2,700,000$2,750,000 p. 73−1.8%
22GApr 22, 2021$3,415,000$3,280,000 p. 73+4.1%
20EApr 28, 2021$2,264,135$2,250,000 p. 73+0.6%
10GApr 30, 2021$1,212,736$1,187,500 p. 72+2.1%
21GApr 30, 2021$3,150,000$3,240,000 p. 73−2.8%
22EMay 5, 2021$2,390,000$2,300,000 p. 73+3.9%
22CMay 10, 2021$2,122,500$2,110,000 p. 73+0.6%
23CMay 11, 2021$2,130,000$2,130,000 p. 730%
27CJun 1, 2021$2,470,000$2,430,000 p. 74+1.6%
6CJun 2, 2021$1,775,000$1,800,000 p. 71−1.4%
7CJun 3, 2021$1,803,830$1,825,000 p. 71−1.2%
7FJun 9, 2021$970,000$815,000 p. 71+19%
24CJun 14, 2021$2,153,500$2,150,000 p. 74+0.2%
33AJun 14, 2021$3,885,000$4,050,000 p. 74−4.1%
23EJun 15, 2021$2,300,000$2,325,000 p. 74−1.1%
15AJun 17, 2021$2,350,000$2,350,000 p. 720%
7GJun 21, 2021$1,225,000$1,150,000 p. 71+6.5%
25CJun 22, 2021$2,090,000$2,190,000 p. 74−4.6%
29CJun 29, 2021$2,505,000$2,490,000 p. 74+0.6%
25BJul 1, 2021$4,490,000$4,550,000 p. 74−1.3%
28DJul 1, 2021$3,350,000$3,450,000 p. 74−2.9%
19CJul 6, 2021$2,025,000$2,050,000 p. 73−1.2%
12HJul 8, 2021$2,903,500$2,910,000 p. 72−0.2%
16BJul 23, 2021$1,378,201$1,315,000 p. 73+4.8%
12EJul 26, 2021$1,950,000$1,925,000 p. 72+1.3%
18GJul 27, 2021$3,075,000$3,120,000 p. 73−1.4%
20CJul 27, 2021$2,108,119$2,070,000 p. 73+1.8%
16CJul 29, 2021$1,980,000$1,990,000 p. 73−0.5%
23FAug 10, 2021$1,365,982$1,290,000 p. 74+5.9%
11FAug 13, 2021$940,000$855,000 p. 72+9.9%
19GAug 18, 2021$3,100,000$3,160,000 p. 73−1.9%
2BAug 19, 2021$1,184,208$1,120,000 p. 71+5.7%
6EAug 20, 2021$1,900,000$1,775,000 p. 71+7%
18EAug 25, 2021$2,200,000$2,200,000 p. 730%
14FAug 31, 2021$991,266$875,000 p. 72+13.3%
20FSep 8, 2021$1,295,000$1,245,000 p. 73+4%
21CSep 10, 2021$2,132,968$2,090,000 p. 73+2.1%
26CSep 10, 2021$2,437,750$2,400,000 p. 74+1.6%
20GSep 17, 2021$3,275,000$3,200,000 p. 73+2.3%
15GSep 30, 2021$1,350,000$1,245,000 p. 73+8.4%
18COct 4, 2021$2,030,000$2,030,000 p. 730%
21FOct 8, 2021$1,310,000$1,260,000 p. 73+4%
21EOct 14, 2021$2,275,000$2,275,000 p. 730%
15DOct 18, 2021$1,266,130$1,175,000 p. 72+7.8%
7DOct 20, 2021$1,174,000$1,105,000 p. 71+6.2%
17DOct 21, 2021$1,366,500$1,195,000 p. 73+14.4%
21DOct 21, 2021$1,325,000$1,235,000 p. 73+7.3%
15BOct 22, 2021$1,378,201$1,300,000 p. 72+6%
16DOct 22, 2021$1,250,000$1,185,000 p. 73+5.5%
26BOct 22, 2021$2,990,516$3,250,000 p. 74−8%
30BOct 28, 2021$4,750,000$4,850,000 p. 74−2.1%
14DOct 29, 2021$1,240,229$1,165,000 p. 72+6.5%
19ENov 12, 2021$2,270,000$2,225,000 p. 73+2%
18DNov 15, 2021$1,260,000$1,205,000 p. 73+4.6%
20DNov 17, 2021$1,310,000$1,225,000 p. 73+6.9%
11DNov 22, 2021$1,165,896$1,145,000 p. 72+1.8%
6FDec 2, 2021$925,000$805,000 p. 71+14.9%
8DDec 10, 2021$1,180,000$1,115,000 p. 71+5.8%
22DDec 14, 2021$1,340,000$1,245,000 p. 73+7.6%
5EDec 17, 2021$1,785,501$1,750,000 p. 71+2%
10FDec 17, 2021$987,703$845,000 p. 72+16.9%
23GJan 11, 2022$3,237,500$3,320,000 p. 74−2.5%
9DJan 24, 2022$1,159,031$1,125,000 p. 72+3%
26AFeb 1, 2022$3,750,000$3,975,000 p. 74−5.7%
23DMar 3, 2022$1,281,404$1,255,000 p. 74+2.1%
15CMar 11, 2022$1,940,000$1,970,000 p. 72−1.5%
15HApr 28, 2022$2,902,013$2,990,000 p. 73−2.9%
19DMay 6, 2022$1,275,000$1,215,000 p. 73+4.9%
33BMay 23, 2022$4,061,054$4,200,000 p. 74−3.3%
25AMay 25, 2022$4,150,000$4,275,000 p. 74−2.9%
18FMay 27, 2022$1,250,000$1,215,000 p. 73+2.9%
25DJun 2, 2022$2,993,500$3,045,000 p. 74−1.7%
5AJun 3, 2022$1,975,000$2,100,000 p. 71−6%
17GJun 3, 2022$3,225,000$3,100,000 p. 73+4%
3BJun 10, 2022$1,174,551$1,135,000 p. 71+3.5%
19AJun 13, 2022$3,685,000$3,800,000 p. 73−3%
2DJun 17, 2022$1,284,013$1,055,000 p. 71+21.7%
4EJun 17, 2022$1,725,000$1,725,000 p. 710%
16HJun 21, 2022$2,902,013$3,030,000 p. 73−4.2%
14CJun 23, 2022$2,080,000$1,950,000 p. 72+6.7%
12DJun 29, 2022$1,277,904$1,155,000 p. 72+10.6%
16EJul 11, 2022$1,995,000$2,000,000 p. 73−0.2%
12BJul 27, 2022$1,290,000$1,270,000 p. 72+1.6%
3GJul 28, 2022$1,190,000$1,100,000 p. 71+8.2%
8CAug 1, 2022$1,850,000$1,850,000 p. 710%
10DAug 1, 2022$1,215,000$1,135,000 p. 72+7%
6DAug 8, 2022$1,221,900$1,095,000 p. 71+11.6%
27DAug 22, 2022$3,400,000$3,400,000 p. 740%
3DAug 29, 2022$1,150,000$1,065,000 p. 71+8%
3FAug 31, 2022$925,000$775,000 p. 71+19.4%
16GAug 31, 2022$1,350,000$1,260,000 p. 73+7.1%
4GSep 9, 2022$1,200,000$1,112,500 p. 71+7.9%
28CSep 22, 2022$2,500,000$2,460,000 p. 74+1.6%
24DSep 29, 2022$2,945,000$2,945,000 p. 740%
12GJan 6, 2023$1,320,000$1,215,000 p. 72+8.6%
4FFeb 15, 2023$925,000$785,000 p. 71+17.8%
3CMar 1, 2023$1,750,000$1,725,000 p. 71+1.4%
11HApr 13, 2023$2,795,096$2,870,000 p. 72−2.6%
5DApr 28, 2023$1,160,000$1,085,000 p. 71+6.9%
26DMay 1, 2023$3,325,000$3,350,000 p. 74−0.7%
29DMay 16, 2023$3,450,000$3,500,000 p. 74−1.4%
30AMay 16, 2023$5,687,500$5,700,000 p. 74−0.2%
6AMay 19, 2023$1,980,496$2,125,000 p. 71−6.8%
4CJul 24, 2023$1,785,501$1,750,000 p. 71+2%
4DAug 9, 2023$1,150,000$1,075,000 p. 71+7%
11GAug 14, 2023$1,300,000$1,200,000 p. 72+8.3%
7BAug 21, 2023$1,225,000$1,195,000 p. 71+2.5%
24BSep 28, 2023$4,925,000$5,400,000 p. 74−8.8%
22FOct 20, 2023$1,300,000$1,275,000 p. 73+2%
24ANov 3, 2023$3,850,000$4,150,000 p. 74−7.2%
31AJan 12, 2024$3,850,000$4,300,000 p. 74−10.5%
27BFeb 12, 2024$2,300,000$2,700,000 p. 74−14.8%
3HMar 1, 2024$2,250,000$2,500,000 p. 71−10%
31BMar 11, 2024$3,775,000$4,150,000 p. 74−9%
14GMar 22, 2024$1,300,000$1,230,000 p. 72+5.7%
8GApr 5, 2024$1,200,000$1,162,500 p. 72+3.2%
16FApr 5, 2024$965,000$895,000 p. 73+7.8%
4BApr 18, 2024$1,075,000$1,150,000 p. 71−6.5%
11BJun 10, 2024$1,250,000$1,255,000 p. 72−0.4%
28BJun 14, 2024$2,340,000$2,740,000 p. 74−14.6%
32AJun 25, 2024$4,245,000$4,400,000 p. 74−3.5%
6BJul 1, 2024$1,180,000$1,180,000 p. 710%
9BAug 13, 2024$1,327,289$1,225,000 p. 72+8.4%
3AAug 16, 2024$1,800,000$2,050,000 p. 71−12.2%
4AAug 21, 2024$1,872,053$2,075,000 p. 71−9.8%
8BAug 27, 2024$1,199,500$1,210,000 p. 71−0.9%
10BNov 21, 2024$1,260,000$1,240,000 p. 72+1.6%
29BDec 12, 2024$2,478,500$2,780,000 p. 74−10.8%
2CJan 10, 2025$1,675,000$1,700,000 p. 71−1.5%
9CFeb 10, 2025$1,795,000$1,870,000 p. 72−4%
10CFeb 20, 2025$1,950,000$1,890,000 p. 72+3.2%
5HFeb 21, 2025$2,425,000$2,630,000 p. 71−7.8%
14BMar 24, 2025$1,310,000$1,285,000 p. 72+1.9%
12AMar 28, 2025$2,100,000$2,275,000 p. 72−7.7%
7AApr 1, 2025$1,875,000$2,150,000 p. 71−12.8%
17AMay 15, 2025$3,225,000$3,700,000 p. 73−12.8%
10AJun 17, 2025$1,990,000$2,250,000 p. 72−11.6%
2AJun 27, 2025$1,883,763$2,025,000 p. 71−7%
32BJul 31, 2025$3,929,250$4,250,000 p. 74−7.5%
14HAug 11, 2025$2,850,000$2,950,000 p. 72−3.4%
12CSep 9, 2025$1,915,000$1,930,000 p. 72−0.8%
27ASep 12, 2025$2,875,000$3,300,000 p. 74−12.9%
28AJan 15, 2026$2,931,033$3,350,000 p. 74−12.5%
23AFeb 2, 2026$3,720,000$4,075,000 p. 73−8.7%
21AMar 18, 2026$3,550,000$3,925,000 p. 73−9.6%
11AMay 13, 2026$1,985,000$2,250,000 p. 72−11.8%
22AMay 22, 2026$3,650,000$4,000,000 p. 73−8.8%
18AJun 3, 2026$3,285,000$3,750,000 p. 73−12.4%
10HJun 12, 2026$2,650,000$2,830,000 p. 72−6.4%
11CJun 16, 2026$1,895,000$1,910,000 p. 72−0.8%
4HJun 26, 2026$2,425,000$2,590,000 p. 71−6.4%
16AJul 21, 2026$2,265,000$2,375,000 p. 73−4.6%
29AAug 14, 2026$3,100,000$3,400,000 p. 74−8.8%
9HAug 21, 2026$2,520,000$2,790,000 p. 72−9.7%

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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
West 122nd Street Property Investors Iii, LLC
Developer
Savanna
Principals
Christopher Schlank, Nicholas Beinstock
Tax estimate
William K. Block, Esq.Prepared the first-year real estate tax projection
Construction lender
Deutsche Bank AG$176 million recorded

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

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