THE CONDO BOOK PROJECT

570 Broome Condominium

570 Broome Street, Manhattan, NY 10013

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Overview

Units
54 residential · 14 storage · 1 commercial
Subway
3 min walk to Canal St 1Spring St C E, 4 min
Developers
Agime Group LLC, Kiska Cons. Corp.-USA, YNC Equity Partners LLC
Principals
Erden M. Arkan, Hilmi Ulgur Aydin, Selim Akyuz, Murat Agirnasli
Average $/sf
$2,410Homes in Schedule A, as first offered
Common charges
$724–$2,278 a monthSponsor's first-year estimate in Schedule A, September 1, 2018
Offering price
$148.8 million total $149.2 million when first offered

The sponsor of record is Soho Broome Condos LLC, represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 417 pages. The sponsor has filed 17 amendments, the latest in April 2025. The nearest other condo plan on file is 565 Broome Soho Condominium, next door.

Plan CD170114 · New · accepted Aug 4, 2017 · AG record ↗

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FigureThis building1200 East 21st267 units · 1.5 miaccepted 201732 East 1st331 units · 0.8 miaccepted 2016
Common ChargesPer Square Foot / Month$1.07In line$1.01$1.39
Average Offering PricePer Apartment$2.76MBelow peers$3.1M$3.11M
Average PricePer Square Foot$2,410In line$2,247$2,699
Property TaxesPer Square Foot / Month$1.65In line$1.89$1.06
Average Unit SizeSquare Feet1,144 SFSmaller1,379 SF1,154 SF

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Unit mix, closings, budgets, finishes and the team, against 200 East 21st and 32 East 1st, 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 A54 of 54
Closing prices vs. Schedule A54 homes: $132,807,664 at closing against $148,870,000 in Schedule A (p. 51, p. 52)−10.8%
Average closing price54 homes, on their Schedule A square feet$2,150 / SF
Closingsfirst and latest recordedNov 22, 2019 – Jul 8, 2025

Sales recorded with the Department of Finance (ACRIS) through May 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 55 closings
HomeRecordedClosing priceSchedule ADifference
10ANov 22, 2019$1,617,500$1,800,000 p. 51−10.1%
16ANov 22, 2019$2,800,000$3,225,000 p. 51−13.2%
8ANov 25, 2019$1,654,656$1,750,000 p. 51−5.4%
20ANov 26, 2019$3,035,000$3,385,000 p. 52−10.3%
4BDec 2, 2019$1,272,813$1,370,000 p. 51−7.1%
13ADec 2, 2019$3,675,000$4,075,000 p. 51−9.8%
6ADec 3, 2019$2,082,321$2,340,000 p. 51−11%
18ADec 4, 2019$2,853,250$3,305,000 p. 52−13.7%
4ADec 5, 2019$1,950,000$2,280,000 p. 51−14.5%
3ADec 13, 2019$1,925,000$2,250,000 p. 51−14.4%
14BDec 16, 2019$2,568,536$3,015,000 p. 51−14.8%
19ADec 18, 2019$3,227,853$3,345,000 p. 52−3.5%
21ADec 19, 2019$3,140,000$3,425,000 p. 52−8.3%
PHADec 19, 2019$5,815,000$6,250,000 p. 52−7%
11BDec 20, 2019$3,050,000$3,575,000 p. 51−14.7%
5BDec 23, 2019$1,221,361$1,390,000 p. 51−12.1%
6BDec 23, 2019$1,234,755$1,410,000 p. 51−12.4%
7CDec 23, 2019$1,291,677$1,475,000 p. 51−12.4%
8CDec 23, 2019$1,309,191$1,495,000 p. 51−12.4%
3BJan 7, 2020$1,250,000$1,350,000 p. 51−7.4%
12AJan 7, 2020$1,690,284$1,850,000 p. 51−8.6%
5AJan 8, 2020$2,000,000$2,310,000 p. 51−13.4%
22BJan 10, 2020$2,875,000$3,190,000 p. 52−9.9%
23AJan 14, 2020$3,225,000$3,505,000 p. 52−8%
5CJan 16, 2020$2,135,000$2,410,000 p. 51−11.4%
22AJan 16, 2020$3,180,000$3,465,000 p. 52−8.2%
11CJan 29, 2020$1,388,000$1,575,000 p. 51−11.9%
15BJan 31, 2020$3,153,750$3,295,000 p. 51−4.3%
12CMar 13, 2020$1,430,000$1,595,000 p. 51−10.3%
13BMar 19, 2020$2,459,181$2,975,000 p. 51−17.3%
9AMar 26, 2020$1,536,286$1,775,000 p. 51−13.4%
6CMar 27, 2020$2,111,851$2,440,000 p. 51−13.4%
10CMar 27, 2020$1,300,000$1,535,000 p. 51−15.3%
11AMar 31, 2020$1,576,250$1,825,000 p. 51−13.6%
4CApr 8, 2020$2,050,000$2,380,000 p. 51−13.9%
3CJun 8, 2020$2,100,000$2,350,000 p. 51−10.6%
7AJul 6, 2020$1,612,500$1,725,000 p. 51−6.5%
18BJul 28, 2020$2,685,000$3,030,000 p. 52−11.4%
21BAug 14, 2020$2,800,000$3,150,000 p. 52−11.1%
PHBMar 26, 2021$4,999,900$5,650,000 p. 52−11.5%
17AMay 20, 2021$2,880,000$3,265,000 p. 51−11.8%
23BJun 2, 2021$2,830,000$3,230,000 p. 52−12.4%
19BJul 26, 2021$2,750,000$3,070,000 p. 52−10.4%
20BJul 26, 2021$2,775,000$3,110,000 p. 52−10.8%
15AAug 16, 2021$2,850,000$3,150,000 p. 51−9.5%
17BAug 27, 2021$2,700,000$2,990,000 p. 51−9.7%
8BOct 12, 2021$2,950,000$3,425,000 p. 51−13.9%
14AOct 12, 2021$3,300,000$3,625,000 p. 51−9%
12BOct 22, 2021$3,150,000$3,625,000 p. 51−13.1%
9COct 28, 2021$1,287,500$1,515,000 p. 51−15%
9BDec 7, 2021$2,998,000$3,475,000 p. 51−13.7%
16BDec 13, 2021$2,570,250$2,950,000 p. 51−12.9%
7BApr 20, 2022$3,185,000$3,375,000 p. 51−5.6%
10BMay 23, 2022$3,300,000$3,525,000 p. 51−6.4%
C1Jul 8, 2025$1,210,544——

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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
Soho Broome Condos LLC
Developers
Agime Group LLC, Kiska Cons. Corp.-USA, YNC Equity Partners LLC
Principals
Erden M. Arkan, Hilmi Ulgur Aydin, Selim Akyuz, Murat Agirnasli
Tax estimate
Anthony Como AssociatesPrepared the first-year real estate tax projection
Construction lender
Bank LeumiLender on the mortgage and building loan agreement recorded May 2016 in ACRIS; $45.8 million recorded

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

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