THE CONDO BOOK PROJECT

58 Thomas St. Condominium

58 Thomas St., Manhattan, NY 10013

Compare

Overview

Units
5 residential · 1 commercial
Subway
3 min walk to Chambers St/WTC/Park Place/Cortlandt St 2 3 A C E R WChambers St 1 2 3, 4 min
Principals
Angelo Cosentini, John Carson, Thomas D. Currier
Average $/sf
$740Homes in Schedule A, as first offered
Common charges
$881–$1,351 a monthSponsor's first-year estimate in Schedule A, Twelve Month Period Commencing July 1, 2002 and Ending June 30, 2003
Offering price
$6.35 million total

The sponsor of record is 58 Thomas Street Associates, LLC., represented by Shaw & Associates. The offering plan runs 318 pages. The sponsor has filed 9 amendments, the latest in March 2006. The nearest other condo plan on file is Diamond On Duane Condominium, next door.

Plan CD010166 · New · accepted Mar 1, 2002 · AG record ↗

Compare

FigureThis building1331 East 8th25 units · 1.6 miaccepted 2005Aurora35 units · 2.7 miaccepted 2003
Common ChargesPer Square Foot / Month$0.58In line$0.53$0.69
Average Offering PricePer Apartment$1.27MBelow peers$1.44M$3.65M
Average PricePer Square Foot$740Below peers$823$1,028
Property TaxesPer Square Foot / Month$0.14In line$0.10$1.07
Average Unit SizeSquare Feet1,716 SFSmaller1,754 SF3,549 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 331 East 8th and Aurora, cited to the offering plans. No credit card required.

Create a free account
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 closed80% of the homes in Schedule A4 of 5
Closing prices vs. Schedule A3 homes: $6,460,000 at closing against $4,185,000 in Schedule A (p. 30)+54.4%
Average closing price3 homes, on their Schedule A square feet$1,176 / SF
Closingsfirst and latest recordedSep 13, 2004 – Mar 16, 2020

Sales recorded with the Department of Finance (ACRIS) through Jul 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 4 closings
HomeRecordedClosing priceSchedule ADifference
3Sep 13, 2004$1,410,000$985,000 p. 30+43.1%
6Apr 19, 2006$2,876,556——
PHFeb 15, 2011$2,975,000$2,175,000 p. 30+36.8%
4Mar 16, 2020$2,075,000$1,025,000 p. 30+102.4%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
58 Thomas Street Associates, LLC.
Principals
Angelo Cosentini, John Carson, Thomas D. Currier
Tax estimate
The Mazursky GroupPrepared the first-year real estate tax projection
Construction lender
North Fork Bank

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

Nearby