THE CONDO BOOK PROJECT

60 Orchard Street Condominiums

60 Orchard Street, Manhattan, NY 10002

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Overview

Units
7 residential · 3 storage · 1 commercial
Subway
4 min walk to Grand St B DDelancey St-Essex St F J M Z, 5 min
Principals
Marshall Sohne
Average $/sf
$1,182Homes in Schedule A, as first offered
Offering price
$12.7 million total $11.2 million when first offered

The sponsor of record is 60 Orchard Street, LLC, represented by D'Agostino, Levine, Landesman & Lederman LLP. The offering plan runs 446 pages. The sponsor has filed 6 amendments, the latest in May 2025. The nearest other condo plan on file is 50 Orchard Street Condominium, next door.

Plan CD100054 · New · accepted May 28, 2010 · AG record ↗

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FigureThis building1Bowery 26324 units · 0.5 miaccepted 2010Campbell36 units · 1 miaccepted 2008
Common ChargesPer Square Foot / Month$0.48 ⚠Below peers$0.62$0.49
Average Offering PricePer Apartment$1.48MLowest$2.34M$2.47M
Average PricePer Square Foot$1,182Below peers$1,508$1,312
Average Unit SizeSquare Feet1,254 SFSmallest1,551 SF1,882 SF

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Unit mix, closings, budgets, finishes and the team, against Bowery 263 and Campbell, 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.

⚠ Read from a partly legible Schedule B.

Closings Pro

Homes closed100% of the homes in Schedule A7 of 7
Closing prices vs. Schedule A7 homes: $9,259,449 at closing against $10,378,345 in Schedule A (p. 48)−10.8%
Average closing price7 homes, on their Schedule A square feet$1,055 / SF
Closingsfirst and latest recordedOct 14, 2011 – Jun 15, 2012

Sales recorded with the Department of Finance (ACRIS) through Aug 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 7 closings
HomeRecordedClosing priceSchedule ADifference
8Oct 14, 2011$1,858,306$2,055,900 p. 48−9.6%
3Oct 17, 2011$1,018,250$1,339,954 p. 48−24%
2Dec 1, 2011$1,200,000$1,522,675 p. 48−21.2%
4Dec 2, 2011$1,120,075$1,349,954 p. 48−17%
6Jan 25, 2012$1,354,273$1,369,954 p. 48−1.1%
7Mar 26, 2012$1,395,003$1,379,954 p. 48+1.1%
5Jun 15, 2012$1,313,543$1,359,954 p. 48−3.4%

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Closings are for subscribers

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
60 Orchard Street, LLC
Principals
Marshall Sohne
Tax estimate
Leitner Group, Inc.Prepared the first-year real estate tax projection
Construction lender
Capital One$600,000 recorded

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

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