THE CONDO BOOK PROJECT

815 Fifth Avenue Condominium

815 Fifth Avenue, Manhattan, NY 10065

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Overview

Units
7 residential
Subway
3 min walk to 5 Av/59 St N R WLexington Av/63 St M Q, 6 min
Developers
JHSF Brazil, JHSF Global Investments Ltd.
Principals
Jose Auriemo Neto
Common charges
$6,463–$10,856 a monthSponsor's first-year estimate in Schedule A, Twelve-Month Period Commencing October 1, 2018 and Ending September 30, 2019
Offering price
$151.3 million total

The sponsor of record is Eight Hundred And Fifteen Fifth Avenue, LLC, represented by Starr Associates, LLP. The offering plan runs 412 pages. The sponsor has filed 4 amendments, the latest in January 2022. The nearest other condo plan on file is 9 East 62nd Street Condominium, next door.

Plan CD170230 · New · accepted Dec 15, 2017 · AG record ↗

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FigureThis building127e7928 units · 0.8 miaccepted 201740 East 72nd36 units · 0.5 miaccepted 2014
Average Offering PricePer Apartment$21.61MHighest$10.03M$14.36M

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Unit mix, closings, budgets, finishes and the team, against 27e79 and 40 East 72nd, 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
Eight Hundred And Fifteen Fifth Avenue, LLC
Developers
JHSF Brazil, JHSF Global Investments Ltd.
Principals
Jose Auriemo Neto
Tax estimate
Goldberg Weprin Finkel Goldstein LLPPrepared the first-year real estate tax projection

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

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