THE CONDO BOOK PROJECT

1 Great Jones Alley Condominium

688 Broadway, Manhattan, NY 10012

Overview

Units
16 residential · 16 storage
Subway
3 min walk to 8 St-NYU R WBroadway-Lafayette St/Bleecker St 6 B D F M, 4 min
Offering price
$109.5 million total

The sponsor of record is Downtown Re Holdings LLC, represented by Holland & Knight LLP. The sponsor has filed 15 amendments, the latest in September 2020. The nearest other condo plan on file is 22 Bond Street Condominium, next door.

Plan CD150086 · Rehab · accepted Oct 20, 2015 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan16 of 16
Closingsfirst and latest recordedFeb 26, 2018 – May 7, 2021

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 16 closings
HomeRecordedClosing priceSchedule ADifference
9Feb 26, 2018$9,555,000——
3AFeb 28, 2018$4,818,572——
7BMay 2, 2018$5,091,250——
6AMay 4, 2018$4,862,144——
7AMay 14, 2018$4,765,665——
10May 21, 2018$8,578,756——
4AJun 18, 2018$4,760,319——
4BAug 6, 2018$4,887,600——
PHAug 16, 2018$20,950,494——
5AOct 19, 2018$4,811,231——
6BJun 25, 2019$4,675,000——
2BOct 16, 2019$4,700,000——
5BFeb 4, 2020$4,300,000——
8Mar 11, 2020$8,160,896——
3BFeb 16, 2021$4,250,000——
2AMay 7, 2021$3,900,000——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Team

Sponsor
Downtown Re Holdings LLC
Construction lender
Bank OZKLender on the mortgage and building loan agreement recorded September 2015 in ACRIS; $58.3 million recorded

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

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