Three Waterline Square Condominium
635 West 59th Street, Manhattan, NY 10069
Overview
- Units
- 47 residential · 5 commercial
- Subway
- 12 min walk to 59 St-Columbus Circle 1 A B C D66 St-Lincoln Center 1, 14 min
- Developer
- GID Development Group
- Principals
- John F. Gagnier
- Average $/sf
- $2,591Homes in Schedule A, as first offered
- Common charges
- $2,114–$8,261 a monthSponsor's first-year estimate in Schedule A, September 1, 2019-August 31, 2020
- Offering price
- $186.7 million total
- Floor plans
- Pages 516–517 of the plan
The sponsor of record is Rcb4 Residential For Sale LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 929 pages. The sponsor has filed 8 amendments, the latest in March 2020. The nearest other condo plan on file is One West End Avenue Condominium, next door.
Plan CD160352 · New · accepted Jun 2, 2017 · AG record ↗
Compare
| Figure | This building1 | One Waterline Square256 units · 0.1 miaccepted 2017 | Beckford House332 units · 2 miaccepted 2018 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $2.54Highest | $1.96 | $1.47 |
| Average Offering PricePer Apartment | $3.96MLowest | $5.61M | $5.77M |
| Average PricePer Square Foot | $2,591Below peers | $2,905 | $2,629 |
| Property TaxesPer Square Foot / Month | $2.24Highest | $0.08 | $1.61 |
| Average Unit SizeSquare Feet | 1,527 SFSmallest | 1,930 SF | 2,196 SF |
Free Account
See the Full Comp
Unit mix, closings, budgets, finishes and the team, against One Waterline Square and Beckford House, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed96% of the homes in Schedule A | 45 of 47 |
| Closing prices vs. Schedule A45 homes: $187,508,173 at closing against $176,100,000 in Schedule A (p. 99, p. 100) | +6.5% |
| Average closing price45 homes, on their Schedule A square feet | $2,747 / SF |
| Closingsfirst and latest recorded | Feb 27, 2020 – Sep 19, 2022 |
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 45 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 24B | Feb 27, 2020 | $5,142,163 | $6,500,000 p. 99 | −20.9% |
| 24E | Mar 5, 2020 | $2,749,275 | $3,000,000 p. 99 | −8.4% |
| 24C | Apr 3, 2020 | $3,158,100 | $2,300,000 p. 99 | +37.3% |
| 24D | Apr 3, 2020 | $2,044,500 | $1,960,000 p. 99 | +4.3% |
| 25E | Apr 17, 2020 | $2,790,005 | $3,000,000 p. 99 | −7% |
| 26E | May 19, 2020 | $2,800,000 | $2,000,000 p. 99 | +40% |
| 28A | Jun 5, 2020 | $4,439,570 | $3,900,000 p. 99 | +13.8% |
| 25B | Jun 22, 2020 | $4,738,000 | $6,575,000 p. 99 | −27.9% |
| 27F | Jun 22, 2020 | $1,960,131 | $2,120,000 p. 99 | −7.5% |
| 26A | Jun 26, 2020 | $3,925,000 | $3,840,000 p. 99 | +2.2% |
| 26F | Jun 26, 2020 | $1,715,000 | $2,100,000 p. 99 | −18.3% |
| 27C | Aug 3, 2020 | $3,375,000 | $3,720,000 p. 99 | −9.3% |
| 28E | Aug 24, 2020 | $2,912,195 | $2,040,000 p. 99 | +42.8% |
| 31A | Aug 28, 2020 | $5,825,000 | $5,450,000 p. 100 | +6.9% |
| 27E | Sep 9, 2020 | $2,646,980 | $2,020,000 p. 99 | +31% |
| 29A | Sep 22, 2020 | $4,485,391 | $5,390,000 p. 99 | −16.8% |
| 25A | Oct 2, 2020 | $4,302,106 | $3,805,000 p. 99 | +13.1% |
| 30A | Jan 11, 2021 | $4,086,966 | $5,420,000 p. 100 | −24.6% |
| 24A | Jan 29, 2021 | $3,834,000 | $3,770,000 p. 99 | +1.7% |
| 27A | Feb 19, 2021 | $4,038,000 | $3,870,000 p. 99 | +4.3% |
| 31B | Apr 13, 2021 | $6,155,000 | $5,410,000 p. 100 | +13.8% |
| 28B | May 5, 2021 | $4,840,000 | $3,650,000 p. 99 | +32.6% |
| 28F | May 26, 2021 | $1,736,500 | $2,140,000 p. 99 | −18.9% |
| 30D | Jun 11, 2021 | $2,337,500 | $3,430,000 p. 100 | −31.9% |
| 32B | Jun 29, 2021 | $6,189,828 | $5,440,000 p. 100 | +13.8% |
| PHA | Aug 2, 2021 | $15,453,538 | $10,000,000 p. 100 | +54.5% |
| 25C | Aug 17, 2021 | $3,265,000 | $2,320,000 p. 99 | +40.7% |
| PHB | Oct 13, 2021 | $15,150,573 | $8,000,000 p. 100 | +89.4% |
| 26B | Oct 19, 2021 | $4,797,525 | $3,600,000 p. 99 | +33.3% |
| 27D | Nov 17, 2021 | $2,222,331 | $3,100,000 p. 99 | −28.3% |
| 29B | Nov 22, 2021 | $4,996,000 | $5,350,000 p. 99 | −6.6% |
| 29C | Nov 29, 2021 | $3,408,700 | $3,475,000 p. 99 | −1.9% |
| 32A | Dec 6, 2021 | $5,409,975 | $5,480,000 p. 100 | −1.3% |
| 28C | Dec 15, 2021 | $3,481,779 | $3,750,000 p. 99 | −7.2% |
| 30B | Dec 21, 2021 | $4,950,000 | $5,380,000 p. 100 | −8% |
| 25D | Jan 7, 2022 | $2,136,000 | $1,980,000 p. 99 | +7.9% |
| 26D | Feb 22, 2022 | $2,300,000 | $3,075,000 p. 99 | −25.2% |
| 32C | Feb 25, 2022 | $3,920,000 | $3,550,000 p. 100 | +10.4% |
| 31D | Mar 14, 2022 | $3,716,500 | $3,460,000 p. 100 | +7.4% |
| 28D | Mar 16, 2022 | $2,257,000 | $3,125,000 p. 99 | −27.8% |
| 31C | Mar 18, 2022 | $3,983,500 | $3,525,000 p. 100 | +13% |
| 29D | Mar 31, 2022 | $2,520,169 | $3,400,000 p. 99 | −25.9% |
| 32D | May 6, 2022 | $3,855,374 | $3,490,000 p. 100 | +10.5% |
| 26C | Aug 4, 2022 | $3,637,000 | $3,690,000 p. 99 | −1.4% |
| 30C | Sep 19, 2022 | $3,821,000 | $3,500,000 p. 100 | +9.2% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Rcb4 Residential For Sale LLC
- Developer
- GID Development Group
- Principals
- John F. Gagnier
- Tax estimate
- Stroock and Stroock and Lavan LLPPrepared the first-year real estate tax projection
- Construction lenders
- Wells Fargo Bank, New York State Housing Finance Agency$223.6 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- One West End Avenue Condominiumnext door · 246 units · 1 parking · 2015
- One Waterline Square Condominiumnext door · 56 units · 1 parking · 2017
- Two Waterline Square Condominiumnext door · 160 units · 2017
- 10 West End Avenue Condominium0.1 mi · 173 units · 2006
- One Riverside Park Condominium0.1 mi · 219 units · 1 parking · 2013
- Adagio Condominium0.1 mi · 44 units · 1 parking · 2007