THE CONDO BOOK PROJECT

Cast Iron House Condominium

67 Franklin Street, Manhattan, NY 10013

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Overview

Units
13 residential · 1 commercial
Subway
4 min walk to Franklin St 1Canal St 6 J N Q R W Z, 4 min
Principals
Jourdan E. Krauss
Average $/sf
$2,207Homes in Schedule A, as first offered
Offering price
$104.3 million total $103.3 million when first offered

The sponsor of record is 361 Broadway Associates Holdings, LLC, represented by Starr Associates LLP. The offering plan runs 483 pages. The sponsor has filed 27 amendments, the latest in December 2024. The nearest other condo plan on file is 91 Leonard Street Condominium, next door.

Plan CD130172 · Rehab · accepted Mar 28, 2014 · AG record ↗

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FigureThis building17 Harrison212 units · 0.3 miaccepted 2013The Paperbox Building39 units · 1.5 miaccepted 2016
Common ChargesPer Square Foot / Month$1.16In line$1.43$1.06
Average Offering PricePer Apartment$7.95MHighest$6.55M$4.42M
Average PricePer Square Foot$2,207In line$2,701$1,979
Average Unit SizeSquare Feet3,601 SFLargest2,425 SF2,235 SF

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Unit mix, closings, budgets, finishes and the team, against 7 Harrison and The Paperbox Building, 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 closed100% of the homes in Schedule A13 of 13
Closing prices vs. Schedule A13 homes: $97,589,288 at closing against $103,300,000 in Schedule A (p. 48)−5.5%
Average closing price13 homes, on their Schedule A square feet$2,085 / SF
Closingsfirst and latest recordedNov 10, 2017 – Feb 6, 2025

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 13 closings
HomeRecordedClosing priceSchedule ADifference
4BNov 10, 2017$6,264,988$5,775,000 p. 48+8.5%
4CNov 20, 2017$5,704,950$5,575,000 p. 48+2.3%
2CDec 20, 2017$4,686,700$4,775,000 p. 48−1.8%
6CJun 7, 2018$11,458,063$10,750,000 p. 48+6.6%
4DApr 25, 2019$7,079,588$7,250,000 p. 48−2.4%
2BApr 29, 2019$4,475,000$4,975,000 p. 48−10.1%
6BMay 10, 2019$7,900,000$8,175,000 p. 48−3.4%
2AMay 21, 2019$5,170,000$5,550,000 p. 48−6.8%
2DJun 24, 2019$5,575,000$5,850,000 p. 48−4.7%
4AJan 22, 2021$5,625,000$6,750,000 p. 48−16.7%
6AApr 6, 2022$8,400,000$9,975,000 p. 48−15.8%
PHBApr 28, 2022$14,250,000$14,950,000 p. 48−4.7%
PHAFeb 6, 2025$11,000,000$12,950,000 p. 48−15.1%

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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
361 Broadway Associates Holdings, LLC
Principals
Jourdan E. Krauss
Tax estimate
Tuchman, Korngold, Weiss and Gelles, LLPPrepared the first-year real estate tax projection
Construction lender
Deutsche Bank Trust Company Americas$55.4 million recorded

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

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