THE CONDO BOOK PROJECT

Aldyn F/K/A Alden

60 Riverside Boulevard, Manhattan, NY 10069

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Overview

Units
151 residential · 2 parking
Subway
12 min walk to 66 St-Lincoln Center 172 St 1 2 3, 15 min
Principals
Gary Barnett
Offering price
$435.4 million total

The sponsor of record is Crp/Rar Iii Parcel J., L.P., represented by Bryan Cave Leighton Paisner LLP. The offering plan runs 564 pages. The sponsor has filed 11 amendments, the latest in December 2013. The nearest other condo plan on file is Rushmore, next door.

Plan CD070507 · New · accepted Dec 23, 2010 · AG record ↗

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FigureThis building1Harrison2133 units · 0.7 miaccepted 2007One Riverside Park3219 units · 0.1 miaccepted 2013
Average Offering PricePer Apartment$2.88MIn line$2.46M$3.98M

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Unit mix, closings, budgets, finishes and the team, against Harrison and One Riverside Park, 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.

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
Crp/Rar Iii Parcel J., L.P.
Principals
Gary Barnett
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
Deutsche Bank AG$198.7 million recorded

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

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