THE CONDO BOOK PROJECT

Cocoa Exchange

One Wall Street Court, Manhattan, NY 10005

Overview

Units
20 residential
Subway
3 min walk to Wall St 2 3Broad St J Z, 4 min
Principals
Grant Wilson, James Barkley, John Moravec, Richard Fownes, Ronald Goglia
Average $/sf
$1,070Homes in Schedule A, as first offered
Offering price
$23.4 million total

The sponsor of record is Cocoa Partners, LP, represented by D'Agostino, Levine, Landesman & Lederman, LLP. The offering plan runs 781 pages. The sponsor has filed 22 amendments, the latest in March 2013. The nearest other condo plan on file is 75 Wall Street Condominium, next door.

Plan CD050470 · New · accepted Mar 17, 2006 · AG record ↗

Compare

FigureThis building188 Washington Place214 units · 1.9 miaccepted 200577 Reade330 units · 0.7 miaccepted 2008
Common ChargesPer Square Foot / Month$1.26Highest$0.50$0.79
Average Offering PricePer Apartment$661,012Lowest$2.02M$2.54M
Average PricePer Square Foot$1,070Below peers$1,216$1,308
Average Unit SizeSquare Feet618 SFSmallest1,663 SF1,942 SF

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Unit mix, closings, budgets, finishes and the team, against 88 Washington Place and 77 Reade, 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 A126 of 126
Closing prices vs. Schedule A125 homes: $79,029,907 at closing against $82,788,500 in Schedule A (p. 19, p. 20, p. 21, p. 22)−4.5%
Average closing price125 homes, on their Schedule A square feet$1,021 / SF
Closingsfirst and latest recordedAug 29, 2006 – Dec 30, 2013

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 128 closings
HomeRecordedClosing priceSchedule ADifference
307Aug 29, 2006$394,446$389,000 p. 21+1.4%
603Aug 29, 2006$372,138$398,000 p. 19−6.5%
909Aug 30, 2006$865,513$825,000 p. 22+4.9%
402Sep 21, 2006$435,006$438,000 p. 19−0.7%
509Sep 21, 2006$804,418$805,000 p. 22−0.1%
607Sep 21, 2006$400,530$395,000 p. 21+1.4%
302Sep 22, 2006$441,090$435,000 p. 19+1.4%
708Sep 22, 2006$373,152$358,000 p. 22+4.2%
707Sep 25, 2006$402,558$397,000 p. 21+1.4%
1208Sep 25, 2006$373,152$368,000 p. 22+1.4%
409Sep 26, 2006$809,509$800,000 p. 22+1.2%
709Sep 27, 2006$834,965$815,000 p. 22+2.4%
308Sep 28, 2006$365,040$350,000 p. 22+4.3%
907Sep 28, 2006$406,614$401,000 p. 21+1.4%
503Sep 29, 2006$369,096$395,000 p. 19−6.6%
704Oct 2, 2006$491,790$472,000 p. 20+4.2%
904Oct 3, 2006$497,874$478,000 p. 20+4.2%
608Oct 6, 2006$371,124$356,000 p. 22+4.2%
1306Oct 6, 2006$379,000$379,000 p. 210%
501Oct 11, 2006$969,374$985,000 p. 19−1.6%
609Oct 13, 2006$819,691$810,000 p. 22+1.2%
1104Oct 18, 2006$503,958$484,000 p. 20+4.1%
604Oct 19, 2006$477,594$469,000 p. 20+1.8%
1107Oct 19, 2006$410,670$405,000 p. 21+1.4%
502Oct 20, 2006$418,782$441,000 p. 19−5%
504Oct 20, 2006$474,552$466,000 p. 20+1.8%
403Oct 23, 2006$397,488$392,000 p. 19+1.4%
1406Oct 23, 2006$386,334$381,000 p. 21+1.4%
1108Oct 24, 2006$366,000$366,000 p. 220%
701Oct 25, 2006$990,248$1,000,000 p. 19−1%
808Oct 25, 2006$375,180$360,000 p. 22+4.2%
407Oct 26, 2006$396,474$391,000 p. 21+1.4%
506Oct 26, 2006$368,082$363,000 p. 21+1.4%
408Oct 27, 2006$356,928$352,000 p. 22+1.4%
803Oct 27, 2006$405,600$404,000 p. 20+0.4%
908Oct 27, 2006$377,208$362,000 p. 22+4.2%
303Oct 30, 2006$394,446$389,000 p. 19+1.4%
507Oct 30, 2006$398,502$393,000 p. 21+1.4%
508Oct 30, 2006$369,096$354,000 p. 22+4.3%
406Oct 31, 2006$386,334$361,000 p. 21+7%
702Oct 31, 2006$439,062$447,000 p. 19−1.8%
1106Oct 31, 2006$380,250$375,000 p. 21+1.4%
309Nov 2, 2006$809,509$795,000 p. 22+1.8%
1109Nov 3, 2006$905,224$835,000 p. 22+8.4%
304Nov 6, 2006$501,930$460,000 p. 20+9.1%
703Nov 8, 2006$402,558$401,000 p. 20+0.4%
804Nov 8, 2006$494,832$475,000 p. 20+4.2%
601Nov 9, 2006$977,250$992,500 p. 19−1.5%
306Nov 14, 2006$364,026$359,000 p. 21+1.4%
807Nov 14, 2006$404,586$399,000 p. 21+1.4%
1105Nov 15, 2006$1,395,003$1,675,000 p. 20−16.7%
802Nov 16, 2006$442,104$450,000 p. 19−1.8%
PH04Nov 21, 2006$521,344——
404Nov 22, 2006$479,000$463,000 p. 20+3.5%
903Nov 28, 2006$408,642$407,000 p. 20+0.4%
505Nov 30, 2006$1,384,820$1,555,000 p. 20−10.9%
809Dec 4, 2006$850,239$820,000 p. 22+3.7%
207Dec 6, 2006$424,866$399,000 p. 21+6.5%
1404Dec 8, 2006$515,235$493,000 p. 20+4.5%
1407Dec 8, 2006$437,034$411,000 p. 21+6.3%
PH07Dec 12, 2006$441,090$415,000 p. 21+6.3%
706Dec 14, 2006$372,138$367,000 p. 21+1.4%
1204Dec 14, 2006$509,125$487,000 p. 20+4.5%
203Dec 15, 2006$404,586$399,000 p. 19+1.4%
401Dec 18, 2006$946,973$977,500 p. 19−3.1%
606Jan 2, 2007$390,390$365,000 p. 21+7%
204Jan 9, 2007$519,308$479,000 p. 20+8.4%
PH02Jan 9, 2007$466,440$474,000 p. 19−1.6%
PH09Jan 11, 2007$763,688$860,000 p. 22−11.2%
1102Jan 12, 2007$451,230$459,000 p. 19−1.7%
1206Jan 16, 2007$402,558$377,000 p. 21+6.8%
902Jan 17, 2007$459,342$453,000 p. 19+1.4%
801Jan 18, 2007$992,794$1,007,500 p. 19−1.5%
1202Jan 19, 2007$454,272$462,000 p. 19−1.7%
1302Jan 19, 2007$458,328$465,000 p. 19−1.4%
PH06Feb 1, 2007$404,586$385,000 p. 21+5.1%
806Feb 2, 2007$394,446$369,000 p. 21+6.9%
1402Feb 2, 2007$460,356$468,000 p. 19−1.6%
1103Feb 8, 2007$414,726$413,000 p. 20+0.4%
1304Feb 13, 2007$512,180$490,000 p. 20+4.5%
602Feb 16, 2007$421,824$444,000 p. 19−5%
1207Feb 22, 2007$432,978$407,000 p. 21+6.4%
1007Feb 26, 2007$445,146$403,000 p. 21+10.5%
1101Feb 26, 2007$992,794$1,030,000 p. 19−3.6%
202Feb 27, 2007$451,230$445,000 p. 19+1.4%
201Feb 28, 2007$902,968$995,000 p. 19−9.2%
805Feb 28, 2007$1,282,995$1,615,000 p. 20−20.6%
905Apr 6, 2007$1,257,539$1,635,000 p. 20−23.1%
906Apr 6, 2007$396,474$371,000 p. 21+6.9%
1002Apr 6, 2007$481,650$456,000 p. 19+5.6%
1409Apr 6, 2007$794,235$850,000 p. 22−6.6%
PH01Apr 6, 2007$988,720$1,087,500 p. 19−9.1%
1003Apr 9, 2007$415,740$410,000 p. 20+1.4%
1308Apr 9, 2007$404,586$370,000 p. 22+9.3%
PH03Apr 10, 2007$429,936$428,000 p. 20+0.5%
1303Apr 11, 2007$420,810$419,000 p. 20+0.4%
1201Apr 12, 2007$998,903$1,037,500 p. 19−3.7%
1004Apr 13, 2007$513,198$481,000 p. 20+6.7%
1203Apr 13, 2007$417,768$416,000 p. 20+0.4%
1309Apr 13, 2007$915,407$845,000 p. 22+8.3%
1008Apr 16, 2007$404,586$364,000 p. 22+11.1%
1205Apr 16, 2007$1,344,090$1,695,000 p. 21−20.7%
1307Apr 16, 2007$435,006$409,000 p. 21+6.4%
1403Apr 16, 2007$423,852$422,000 p. 20+0.4%
901Apr 17, 2007$987,703$1,015,000 p. 19−2.7%
1005Apr 17, 2007$1,364,455$1,655,000 p. 20−17.6%
705Apr 18, 2007$1,318,634$1,595,000 p. 20−17.3%
PH08Apr 18, 2007$391,404$376,000 p. 22+4.1%
206Apr 20, 2007$404,586$369,000 p. 21+9.6%
1301Apr 25, 2007$998,903$1,045,000 p. 19−4.4%
1006Apr 26, 2007$404,586$373,000 p. 21+8.5%
405Apr 27, 2007$1,221,900$1,535,000 p. 20−20.4%
605Apr 30, 2007$1,252,448$1,575,000 p. 20−20.5%
305May 3, 2007$1,323,725$1,555,000 p. 20−14.9%
208May 4, 2007$650,662$639,000 p. 21+1.8%
1401May 4, 2007$988,721$1,052,500 p. 19−6.1%
1405May 8, 2007$1,415,368$1,735,000 p. 21−18.4%
PH05May 10, 2007$1,425,550$1,755,000 p. 21−18.8%
205May 14, 2007$1,298,269$1,495,000 p. 20−13.2%
1209May 16, 2007$895,042$840,000 p. 22+6.6%
1001May 21, 2007$977,520$1,022,500 p. 19−4.4%
1009May 23, 2007$890,969$830,000 p. 22+7.3%
301May 25, 2007$957,155$970,000 p. 19−1.3%
1305May 31, 2007$1,374,638$1,715,000 p. 21−19.8%
1408Jun 19, 2007$203,353$372,000 p. 22−45.3%
209May 15, 2013$647,607$669,000 p. 22−3.2%
BAug 15, 2013$6,625,000——
ADec 30, 2013$1,500,000——

Pro

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
Cocoa Partners, LP
Principals
Grant Wilson, James Barkley, John Moravec, Richard Fownes, Ronald Goglia
Tax estimate
Stroock & Stroock & Lavan LLPPrepared the first-year real estate tax projection
Construction lender
Anglo Irish Bank Corporation

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

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