118 West 13th Street Condominium (The Katharine)
118 West 13th Street, Manhattan, NY 10011
Overview
The Katharine is a new 8-unit condo in Manhattan, with 8 storage units.
- Offering plan: Accepted January 2025 · 525 pages · floor plans on page 118
- Finishes: Engineered wood floors, stone kitchen countertops, Sub-Zero, Lacanche and Bosch appliances, a washer and dryer in each apartment, Waterworks bathroom fittings and a VRF heat pump system for heating and cooling
- Prices: $3,691 a square foot on average, as first offered; $91.8 million in all
- Common charges: $1,639–$9,282 a month, the sponsor's first-year estimate
- Developer: Slate Property Group; principals David Schwartz and Martin Nussbaum
- Sponsor: 118 West 13th Street Owner LLC, represented by Holland & Knight LLP
- Subway: 2-minute walk to 14 St/6 Av (1, 2, 3, F, L, M); 6 minutes to 14 St/8 Av (A, C, E, L)
- Amendments: 5, the latest in January 2026
- Units
- 8 residential · 8 storage
- Subway
- 2 min walk to 14 St/6 Av 1 2 3 F L M14 St/8 Av A C E L, 6 min
- Developer
- Slate Property Group
- Principals
- David Schwartz, Martin Nussbaum
- Average $/sf
- $3,691Homes in Schedule A, as first offered
- Common charges
- $1,639–$9,282 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 - June 30, 2026
- Offering price
- $91.8 million total
- Floor plans
- Page 118 of the plan
- SubmittedMarch 2025
- AcceptedJanuary 2025
- 5 amendments
- First sale
- Latest sale
Units & Prices
Sales
8 of 8homes sold (100%)
From city records (ACRIS), through Aug 31, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Ask Claude or ChatGPT: How do The Katharine's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Compare
| Figure | This building1 | 44 West 8th25 units · 0.3 miaccepted 2026 | 67 Irving Place311 units · 0.6 miaccepted 2026 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $2.37Above peers | $2.35 | $2.12 |
| Average Offering PricePer Apartment | $11.47MAbove peers | $10.79M | $9.2M |
| Average PricePer Square Foot | $3,691Above peers | $3,511 | $2,821 |
| Average Unit SizeSquare Feet | 3,108 SFIn line | 3,073 SF | 3,245 SF |
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.
Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 5 Mar 3, 2026
Fifth amendment updates floor plans, property description, and confirms sponsor financial status and board composition.
- Penthouse Unit and Penthouse Storage Unit are the only unsold units as of January 6, 2026
- Initial board comprised of Steve Krasman, Brian Vetter, and Jay Stark, affiliated with Sponsor
- First annual meeting to be held within 30 days after Initial Control Period ends (no earlier than July 9, 2030)
- Sponsor monthly common charges for unsold units approximately $11,868; monthly real estate taxes approximately $5,200
- Sponsor has paid off mortgage on unsold units; no financial obligations due within 12 months except common charges
- No outstanding lawsuits or proceedings materially affecting the offering
- Temporary Certificate of Occupancy issued March 2, 2026, expires May 31, 2026
- Plan effective period extended 12 months from filing date of this amendment
Amendment 4 Sep 4, 2025
Updated budget with 11.8% increase due to insurance costs and revised Schedule A with new common charges.
- Budget increased approximately 11.8% due to increased insurance costs
- Updated budget for July 1, 2025 - June 30, 2026
- Insurance expenses set at $175,000
- Total projected common charges $804,063
- Temporary Certificate of Occupancy CO Number 1010613-0000002 issued October 16, 2025, expires January 14, 2026
Amendment 3 Jul 29, 2025
This amendment documents the first closing (July 9, 2025), temporary certificate of occupancy issuance, PCO escrow funding of $305,000.00, working capital and reserve funds status, five unsold units, initial board members, and declaration recording details.
- First closing occurred July 9, 2025 for Residence 3/Residence 3 Storage
- Temporary certificate of occupancy issued for residential units (CO number 1010613-0000001, dated 07/01/2025)
- PCO escrow account funded with $305,000.00 as of July 7, 2025
- Working Capital Fund holds $23,357.00 and Reserve Fund holds $23,357.00 as of July 25, 2025
- Five (5) unsold residential units owned by Sponsor as of July 25, 2025
- Initial board members: Steve Krasman, Brian Vetter, Jay Stark
- Declaration executed March 20, 2025 and recorded May 20, 2025 (CRFN 2025000135977)
- Plan use expires six (6) months after filing date unless further extended
Amendment 2 May 23, 2025
Amendment updates floor plans, common interest percentages, and unit purchase prices for the condominium.
- Revised floor plans and Description of Property Report (Exhibit A, B, C)
- Updated common interest percentages for Unit Maisonette and Unit Penthouse
- Updated common charges and real estate taxes for Unit Maisonette and Unit Penthouse
- Revised purchase prices for certain units per Schedule A
- Schedule A prices increased for 1 home (median +1.0%): Maisonette $12,000,000 → $12,125,000
Amendment 1 Mar 20, 2025
Plan declared effective with two residential unit purchase agreements executed, and revised purchase prices for certain units.
- Plan declared effective as of March 20, 2025 based on two (2) Residential Unit purchase agreements (25% of eight units offered)
- Revised purchase prices for residential units per Schedule A
- Schedule A prices increased for 8 homes (median +12.5%): Atelier $1,950,000 → $2,350,000; The Parlour $11,500,000 → $13,250,000; Residence 3 $9,450,000 → $9,850,000; Residence 4 $9,600,000 → $10,250,000; ...
Team
- Sponsor
- 118 West 13th Street Owner LLC
- Developer
- Slate Property Group
- Principals
- David Schwartz, Martin Nussbaum
- Counsel
- Holland & Knight LLP
- Tax estimate
- Lawrence J. Berger, P.C.Prepared the first-year real estate tax projection
- Construction lender
- Cerco Bridge Loans 6$13.5 million loan stated in the plan
- Structural engineer
- Thornton Tomasetti, Inc.Named on p. 62
- MEP engineers
- EP Engineering, EP Engineering LLCMechanical, electrical and plumbing · Named on p. 62, p. 228
- Interior designer
- Nate BerkusReported by cityrealty.com
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 136 West 13th St. Owners Corp. *next door · 1982
- Greenwich Lanenext door · 200 units · 1 parking · 2013
- 101 West 14th Street Condominiumnext door · 44 units · 2020
- Forena0.1 mi · 50 units · 2021
- 124-126 West 16th Street Condominium0.2 mi · 15 units · 1 parking · 2020
- 130 West 16 Owners Inc0.2 mi · 1983
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