THE CONDO BOOK PROJECT

611 W 56th Street Condominium

611 West 56th Street, Manhattan, NY 10019

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Overview

Units
80 residential · 18 parking · 80 storage · 1 commercial
Subway
11 min walk to 59 St-Columbus Circle 1 A B C D66 St-Lincoln Center 1, 16 min
Developer
Foundations Group
Principals
Amit Khurana, Saif Sumaida, Rudy Gabsi
Average $/sf
$2,303Homes in Schedule A, as first offered
Common charges
$709–$7,707 a monthSponsor's first-year estimate in Schedule A
Offering price
$99.6 million total

The sponsor of record is 611 W 56th Street Property LLC, represented by Starr Associates, LLP. The offering plan runs 650 pages. The sponsor has filed 18 amendments, the latest in June 2026. The nearest other condo plan on file is One West End Avenue Condominium, 0.2 mi away.

Plan CD180061 · New · accepted May 15, 2019 · AG record ↗

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FigureThis building1Maverick287 units · 1.5 miaccepted 2020One United Nations Park3148 units · 1.9 miaccepted 2018
Common ChargesPer Square Foot / Month$1.41In line$1.42$1.30
Average Offering PricePer Apartment$2.99MIn line$2.85M$3.71M
Average PricePer Square Foot$2,303Below peers$2,464$2,355
Property TaxesPer Square Foot / Month$1.29In line$1.39$1.23
Average Unit SizeSquare Feet1,336 SFIn line1,158 SF1,575 SF

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Unit mix, closings, budgets, finishes and the team, against Maverick and One United Nations 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.

Closings Pro

Homes closed76% of the homes in Schedule A63 of 83
Closing prices vs. Schedule A62 homes: $123,729,673 at closing against $149,654,500 in Schedule A (p. 59, p. 60)−17.3%
Average closing price62 homes, on their Schedule A square feet$1,719 / SF
Closingsfirst and latest recordedJan 25, 2022 – Nov 18, 2025

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 (or, for a home the plan listed without a price, the amendment that priced it); 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 63 closings
HomeRecordedClosing priceSchedule ADifference
18AJan 25, 2022$2,550,000$2,990,000 Amendment 14, p. 6−14.7%
14AJan 28, 2022$2,550,000$2,640,000 Amendment 14, p. 6−3.4%
7DFeb 1, 2022$990,000$1,040,000 Amendment 14, p. 6−4.8%
15AFeb 2, 2022$2,675,000$2,675,000 Amendment 14, p. 60%
19AFeb 17, 2022$2,828,223$2,800,000 Amendment 14, p. 7+1%
18BFeb 18, 2022$3,080,000$4,220,000 p. 60−27%
7CFeb 24, 2022$1,995,000$1,995,000 Amendment 14, p. 60%
7FFeb 24, 2022$1,275,000$1,295,000 Amendment 14, p. 6−1.5%
4DMar 4, 2022$950,000$975,000 Amendment 14, p. 6−2.6%
16AMar 14, 2022$2,577,400$2,392,500 Amendment 14, p. 6+7.7%
16BMar 14, 2022$3,018,909$2,732,500 Amendment 14, p. 6+10.5%
17AMar 14, 2022$2,591,400$3,450,000 p. 60−24.9%
17BMar 14, 2022$3,035,307$2,767,500 Amendment 14, p. 6+9.7%
15BMar 30, 2022$2,990,000$3,225,000 Amendment 14, p. 6−7.3%
5DApr 18, 2022$978,000$985,000 Amendment 14, p. 6−0.7%
20AJun 3, 2022$2,810,000$2,850,000 Amendment 14, p. 7−1.4%
14BJun 21, 2022$2,995,000$2,995,000 Amendment 14, p. 60%
6DJun 27, 2022$995,000$1,260,000 p. 59−21%
4FJun 28, 2022$1,075,000$1,265,000 Amendment 14, p. 6−15%
6ESep 2, 2022$2,020,000$2,175,000 Amendment 14, p. 6−7.1%
28ASep 16, 2022$2,880,000$3,400,000 Amendment 14, p. 7−15.3%
5FOct 13, 2022$920,000$1,275,000 Amendment 14, p. 6−27.8%
6FOct 13, 2022$920,000$1,570,000 p. 59−41.4%
21ANov 18, 2022$2,400,370$2,900,000 Amendment 14, p. 7−17.2%
6CDec 20, 2022$2,025,000$1,975,000 Amendment 14, p. 6+2.5%
5CDec 29, 2022$1,800,000$2,420,000 p. 59−25.6%
3FJan 30, 2023$990,000$995,000 Amendment 14, p. 6−0.5%
2BApr 10, 2023$1,155,000$1,200,000 Amendment 14, p. 6−3.7%
22AApr 14, 2023$2,338,000$2,950,000 Amendment 14, p. 7−20.7%
3CApr 26, 2023$1,600,000$1,695,000 Amendment 14, p. 6−5.6%
2CMay 2, 2023$1,615,000$2,280,000 p. 59−29.2%
23AMay 3, 2023$2,500,000$3,000,000 Amendment 14, p. 7−16.7%
4BJun 8, 2023$1,300,000$1,485,000 Amendment 14, p. 6−12.5%
7EJul 7, 2023$2,050,000$2,225,000 Amendment 14, p. 6−7.9%
19BSep 6, 2023$2,415,000$2,800,000 Amendment 14, p. 7−13.7%
3BSep 29, 2023$1,195,000$1,295,000 Amendment 14, p. 6−7.7%
2DOct 6, 2023$900,000$995,000 Amendment 14, p. 6−9.5%
29BOct 12, 2023$3,250,000$3,700,000 Amendment 14, p. 7−12.2%
7BOct 13, 2023$1,270,000$1,595,000 Amendment 14, p. 6−20.4%
6BNov 14, 2023$1,240,000$1,575,000 Amendment 14, p. 6−21.3%
27BJan 2, 2024$2,575,000$3,675,000 Amendment 14, p. 7−29.9%
29AJan 3, 2024$2,850,000$3,425,000 Amendment 14, p. 7−16.8%
26AJan 16, 2024$2,815,000$3,150,000 Amendment 14, p. 7−10.6%
4CJan 31, 2024$1,715,000$1,930,000 Amendment 14, p. 6−11.1%
5BFeb 12, 2024$1,295,000$1,830,000 p. 59−29.2%
26BFeb 15, 2024$2,560,000$4,755,000 p. 60−46.2%
25BMar 15, 2024$2,545,000$3,600,000 Amendment 14, p. 7−29.3%
25AApr 11, 2024$2,420,000$3,175,000 Amendment 14, p. 7−23.8%
5AMay 29, 2024$1,265,000$1,735,000 Amendment 14, p. 6−27.1%
6AJun 7, 2024$1,050,000$1,915,000 p. 59−45.2%
2AJun 14, 2024$1,020,999$1,525,000 Amendment 14, p. 6−33%
23BJul 1, 2024$2,460,000$3,525,000 Amendment 14, p. 7−30.2%
20BJul 2, 2024$2,235,000$2,685,000 Amendment 14, p. 7−16.8%
27AJul 2, 2024$2,460,000$4,025,000 p. 60−38.9%
24AAug 1, 2024$2,400,000$3,050,000 Amendment 14, p. 7−21.3%
28BAug 29, 2024$2,400,000$3,450,000 Amendment 14, p. 7−30.4%
22BNov 21, 2024$2,497,463$3,425,000 Amendment 14, p. 7−27.1%
21BMar 20, 2025$2,423,435$2,730,000 Amendment 14, p. 7−11.2%
24BMay 1, 2025$2,520,169$3,575,000 Amendment 14, p. 7−29.5%
3DAug 29, 2025$855,000$965,000 Amendment 14, p. 6−11.4%
7ASep 5, 2025$1,400,000$1,852,000 Amendment 14, p. 6−24.4%
4ASep 15, 2025$1,225,000$1,600,000 Amendment 14, p. 6−23.4%
PH6/7Nov 18, 2025$12,100,000——

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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
611 W 56th Street Property LLC
Developer
Foundations Group
Principals
Amit Khurana, Saif Sumaida, Rudy Gabsi
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
611 West 56th

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