THE CONDO BOOK PROJECT

805 Ninth Avenue Condominium

805 Ninth Avenue, Manhattan, NY 10018

Overview

Units
5 residential · 1 commercial
Subway
6 min walk to 50 St C E59 St-Columbus Circle 1 A B C D, 7 min
Average $/sf
$1,243Homes in Schedule A, as first offered
Common charges
$721–$1,018 a monthSponsor's first-year estimate in Schedule A, From April 1, 2017 ‐ March 31, 2018
Offering price
$16.6 million total $10.7 million when first offered

The sponsor of record is 805 Ninth Avenue Realty Group, LLC, represented by Smith, Buss & Jacobs, LLP. The offering plan runs 260 pages. The sponsor has filed 4 amendments, the latest in January 2021. The nearest other condo plan on file is 362 West 53rd Street Condominium, next door.

Plan CD160275 · New · accepted Mar 24, 2017 · AG record ↗

Compare

FigureThis building1318 West 4725 units · 0.4 miaccepted 2016318 East 81st36 units · 1.9 miaccepted 2017
Common ChargesPer Square Foot / Month$0.56Lowest$1.16$0.89
Average Offering PricePer Apartment$1.78MLowest$3.73M$4.05M
Average PricePer Square Foot$1,243Lowest$1,989$1,957
Property TaxesPer Square Foot / Month$1.46Above peers$0.35$1.31
Average Unit SizeSquare Feet1,432 SFSmallest1,873 SF2,069 SF

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Unit mix, closings, budgets, finishes and the team, against 318 West 47 and 318 East 81st, 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 A5 of 5
Closingsfirst and latest recordedMay 9, 2022 – Jun 22, 2022

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2024: 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
4AMay 9, 2022$2,050,000——
PHMay 9, 2022$3,404,201——
2AMay 16, 2022$2,200,000——
5AJun 15, 2022$2,375,000——
3AJun 22, 2022$2,300,000——

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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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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
805 Ninth Avenue Realty Group, LLC
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Gelles, LLPPrepared the first-year real estate tax projection

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

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