90 Morton Condominium
90 Morton Street (Aka 627 Greenwich Street), Manhattan, NY 10014
Overview
- Units
- 28 residential · 13 storage · 3 commercial
- Subway
- 6 min walk to Houston St 1Christopher St-Stonewall 1, 8 min
- Developers
- B.C.R.E. (Brack Capital Real Estate Investments N.V.), Brack Capital Real Estate, Brack Capital Real Estate USA
- Principals
- Shai Shamir
- Common charges
- $3,233–$9,607 a monthSponsor's first-year estimate in Schedule A, July 1, 2018 - June 30, 2019
- Offering price
- $333.6 million total $326.2 million when first offered
- Floor plans
- Page 26 of the plan
The sponsor of record is 90 Morton Owner LLC, represented by Herrick Feinstein LLP. The offering plan runs 425 pages. The sponsor has filed 10 amendments, the latest in March 2021. The nearest other condo plan on file is 111 Leroy Condominium, next door.
Plan CD150273 · Rehab · accepted May 11, 2016 · AG record ↗
Compare
| Figure | This building1 | Eleven East Sixty Eighth Street238 units · 3.4 miaccepted 2013 | 101 West 78th328 units · 3.9 miaccepted 2016 |
|---|---|---|---|
| Average Offering PricePer Apartment | $11.65MAbove peers | $10.94M | $4.44M |
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Unit mix, closings, budgets, finishes and the team, against Eleven East Sixty Eighth Street and 101 West 78th, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 34 of 34 |
| Closing prices vs. Schedule A19 homes: $141,525,795 at closing against $161,550,000 in Schedule A (p. 37) | −12.4% |
| Closingsfirst and latest recorded | Jun 28, 2019 – Jan 7, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 35 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3A | Jun 28, 2019 | $8,800,000 | $9,600,000 p. 37 | −8.3% |
| 7A | Jun 28, 2019 | $9,586,688 | $10,000,000 p. 37 | −4.1% |
| 8A | Jun 28, 2019 | $7,636,875 | — | — |
| PH9B | Jun 28, 2019 | $11,608,050 | — | — |
| PH10A | Jun 28, 2019 | $12,600,844 | — | — |
| 7D | Jul 12, 2019 | $5,422,181 | $7,100,000 p. 37 | −23.6% |
| 8B | Aug 29, 2019 | $8,395,226 | — | — |
| 8D | Sep 4, 2019 | $5,566,940 | — | — |
| 4A | Oct 30, 2019 | $8,850,000 | $9,750,000 p. 37 | −9.2% |
| 3B | Nov 22, 2019 | $7,800,000 | $8,620,000 p. 37 | −9.5% |
| 5D | Dec 10, 2019 | $6,400,000 | $6,880,000 p. 37 | −7% |
| 3D | Jan 7, 2020 | $4,900,000 | $6,670,000 p. 37 | −26.5% |
| 4D | Jan 23, 2020 | $5,044,183 | $6,730,000 p. 37 | −25% |
| 7B | Feb 6, 2020 | $8,200,000 | $9,000,000 p. 37 | −8.9% |
| 6D | Sep 10, 2020 | $5,900,000 | $6,900,000 p. 37 | −14.5% |
| PH9A | Nov 25, 2020 | $12,000,000 | — | — |
| PH11B | Dec 8, 2020 | $24,802,505 | — | — |
| PH11A | Dec 23, 2020 | $24,900,000 | — | — |
| 1A | Dec 29, 2020 | $7,700,000 | $9,450,000 p. 37 | −18.5% |
| 5B | Mar 12, 2021 | $7,500,000 | $8,820,000 p. 37 | −15% |
| 6B | Apr 2, 2021 | $7,600,000 | $8,920,000 p. 37 | −14.8% |
| 6A | Apr 16, 2021 | $9,250,000 | $9,950,000 p. 37 | −7% |
| 2D | May 14, 2021 | $4,900,000 | $6,570,000 p. 37 | −25.4% |
| 2B | May 20, 2021 | $7,577,813 | $8,520,000 p. 37 | −11.1% |
| 5A | May 21, 2021 | $9,244,931 | $9,850,000 p. 37 | −6.1% |
| 2A | Jun 4, 2021 | $9,000,000 | $9,500,000 p. 37 | −5.3% |
| PH10B | Jun 25, 2021 | $15,566,438 | — | — |
| 2C | Jul 14, 2021 | $1,272,813 | — | — |
| 6C | Jul 21, 2021 | $763,688 | — | — |
| 4B | Jul 28, 2021 | $7,850,000 | $8,720,000 p. 37 | −10% |
| 4C | Aug 17, 2021 | $1,298,269 | — | — |
| 3E | Sep 29, 2021 | $1,272,813 | — | — |
| 2E | Nov 19, 2021 | $1,272,813 | — | — |
| 3C | Dec 13, 2021 | $1,250,000 | — | — |
| 5C | Jan 7, 2022 | $1,272,813 | — | — |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 90 Morton Owner LLC
- Developers
- B.C.R.E. (Brack Capital Real Estate Investments N.V.), Brack Capital Real Estate, Brack Capital Real Estate USA
- Principals
- Shai Shamir
- Counsel
- Herrick Feinstein LLP
- Tax estimate
- Goldberg Weprin Finkel Goldstein LLPPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 111 Leroy Condominiumnext door · 13 units · 2017
- 601 Washington Condominiumnext door · 10 units · 2019
- Morton Square Condominium0.1 mi · 147 units · 2003
- Christopher Street Condominium0.1 mi · 12 units
- 160 Leroy Street Condominium0.1 mi · 47 units · 11 parking · 2015
- 150 Barrow Street Condominium0.1 mi · 24 units · 2023