THE CONDO BOOK PROJECT

99 John Deco Lofts Condominium

99 John Street, Manhattan, NY 10038

Overview

Units
442 residential · 3 commercial
Subway
1 min walk to Fulton St 2 3 4 5 A C J ZWall St 2 3, 4 min
Principals
H. Henry Elghanayan, Kamran T. Elghanayan
Offering price
$350.1 million total $359.4 million when first offered

The sponsor of record is 99 John St, LLC, represented by Seiden & Schein, P.C.. The offering plan runs 820 pages. The sponsor has filed 36 amendments, the latest in January 2018. The nearest other condo plan on file is South Star Condominium, next door.

Plan CD070093 · Conversion · accepted Sep 28, 2007 · AG record ↗

Compare

FigureThis building1Greenwich Club2457 units · 0.4 miaccepted 2006L'Ecole Condominium/211 East 46th St *3261 units · 3.6 miaccepted 2007
Average Offering PricePer Apartment$813,220In line$765,616$819,973

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Unit mix, closings, budgets, finishes and the team, against Greenwich Club and L'Ecole Condominium/211 East 46th St *, 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
99 John St, LLC
Principals
H. Henry Elghanayan, Kamran T. Elghanayan

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

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