THE CONDO BOOK PROJECT

67 Vestry Street Condominium

67 Vestry Street, Manhattan, NY 10013

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Overview

Units
17 residential · 3 parking
Subway
6 min walk to Canal St 1Canal St A C E, 7 min
Developer
Iliad Realty Group
Principals
Elliott Aronson, Shannon Bauer
Offering price
$240.7 million total

The sponsor of record is Irg 67 LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 607 pages. The sponsor has filed 11 amendments, the latest in July 2026. The nearest other condo plan on file is River Lofts, next door.

Plan CD180411 · New · accepted Nov 18, 2019 · AG record ↗

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FigureThis building1601 Washington210 units · 0.6 miaccepted 2019540 West 21st334 units · 1.7 miaccepted 2019
Average Offering PricePer Apartment$12.77MBelow peers$14.82M$15.68M

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Unit mix, closings, budgets, finishes and the team, against 601 Washington and 540 West 21st, 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
Irg 67 LLC
Developer
Iliad Realty Group
Principals
Elliott Aronson, Shannon Bauer
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
Scp Jv I LenderLender on the mortgage and building loan agreement recorded July 2019 in ACRIS; $66.5 million recorded

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

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