Greenwich Club
88 Greenwich Street, Manhattan, NY 10006
Overview
- Units
- 457 residential · 1 storage · 1 commercial
- Subway
- 2 min walk to Rector St 1Rector St R W, 2 min
- Developer
- Buttonwood Real Estate, LLC
- Principals
- Andrew Heiberger
- Offering price
- $349.9 million total
- Floor plans
- Page 45 of the plan
The sponsor of record is 88 Greenwich Owner LLC, represented by D'Agostino, Levine, Landesman & Lederman, LLP. The offering plan runs 944 pages. The sponsor has filed 20 amendments, the latest in March 2014. The nearest other condo plan on file is 77 Greenwich Street, next door.
Plan CD060088 · Conversion · accepted Oct 16, 2006 · AG record ↗
Compare
| Figure | This building1 | 99 John Deco Lofts2442 units · 0.4 miaccepted 2007 | L'Ecole Condominium/211 East 46th St *3261 units · 3.8 miaccepted 2007 |
|---|---|---|---|
| Average Offering PricePer Apartment | $765,616Below peers | $813,220 | $819,973 |
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Unit mix, closings, budgets, finishes and the team, against 99 John Deco Lofts and L'Ecole Condominium/211 East 46th St *, cited to the offering plans. No credit card required.
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- 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
- 88 Greenwich Owner LLC
- Developer
- Buttonwood Real Estate, LLC
- Principals
- Andrew Heiberger
- Tax estimate
- Leitner Group, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Lehman Brothers HoldingsLender on the mortgage and building loan agreement recorded December 2005 in ACRIS; $343.5 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 77 Greenwich Streetnext door · 90 units · 2019
- 50 West Street Condominiumnext door · 191 units · 2014
- 33 Rector Street Condo *next door · 13 units · 2000
- 40 Rector Condominiumnext door · 0 units · 2010
- Greenwich Place Condominiumnext door · 103 units · 2005
- 123 Washington Condominiumnext door · 222 units · 2007