THE CONDO BOOK PROJECT

66 Reade Condominium

66 Reade Street, Manhattan, NY 10007

Compare

Overview

Units
5 residential · 5 commercial
Subway
2 min walk to Chambers St/WTC/Park Place/Cortlandt St 2 3 A C E R WChambers St 1 2 3, 3 min
Principals
Christina J. Hieber, Fred J. Taverna, Jeanette Taverna, Jennifer M. Hieber, John Taverna, Susan C. Frunzi
Average $/sf
$2,919Homes in Schedule A, as first offered
Offering price
$33.7 million total $42.1 million when first offered

The sponsor of record is Hieber Reade Street, LLC, represented by Allen, Morris & Troisi LLP. The offering plan runs 271 pages. The sponsor has filed 5 amendments, the latest in December 2024. The nearest other condo plan on file is 62-64 Reade Street Condominium, next door.

Plan CD160371 · Rehab · accepted May 31, 2018 · AG record ↗

Compare

FigureThis building1391 Broadway24 units · 0.3 miaccepted 201778 Irving Place37 units · 1.8 miaccepted 2015
Common ChargesPer Square Foot / Month$0.39Lowest$0.82$1.82
Average Offering PricePer Apartment$8.43MAbove peers$5.13M$7.64M
Average PricePer Square Foot$2,919In line$2,114$3,157
Average Unit SizeSquare Feet2,887 SFLargest2,425 SF2,418 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 391 Broadway and 78 Irving Place, 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 closed100% of the homes in Schedule A5 of 5
Closing prices vs. Schedule A4 homes: $22,500,000 at closing against $31,539,600 in Schedule A (p. 25, p. 26)−28.7%
Average closing price4 homes, on their Schedule A square feet$1,886 / SF
Closingsfirst and latest recordedDec 1, 2022 – Aug 26, 2024

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 5 closings
HomeRecordedClosing priceSchedule ADifference
4Dec 1, 2022$5,700,000$7,057,050 p. 25−19.2%
2Feb 15, 2023$5,550,000$6,925,500 p. 25−19.9%
3Apr 3, 2023$5,500,000$6,957,050 p. 25−20.9%
PHEApr 19, 2024$5,750,000$10,600,000 p. 26−45.8%
THAug 26, 2024$4,150,000——

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
Hieber Reade Street, LLC
Principals
Christina J. Hieber, Fred J. Taverna, Jeanette Taverna, Jennifer M. Hieber, John Taverna, Susan C. Frunzi

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

Nearby