141 Fifth Avenue
141 Fifth Avenue, Manhattan, NY 10010
Overview
141 Fifth Avenue is a 38-unit condo in Manhattan.
- Offering plan: Accepted April 2007 · 905 pages · floor plans on pages 893–896
- Finishes: Stone kitchen countertops, JennAir and Bosch appliances, a washer and dryer in each apartment and ducted heat pumps for heating and cooling
- Prices: $1,912 a square foot on average, as first offered; $119.3 million in all
- Common charges: $979–$2,764 a month, the sponsor's first-year estimate
- Developers: Savanna 141 Principals LLC and Savanna Properties; principals Christopher Schlank and Nicholas Bienstock
- Sponsor: 141 Acquisition Associates LLC, represented by Starr Associates LLP
- Subway: 2-minute walk to 23 St (R, W); 4 minutes to 23 St-Baruch College (6)
- Amendments: 15, the latest in January 2011
- Other filings: NA070064 (no-action filing, filed 2007)
- Units
- 38 residential
- Subway
- 2 min walk to 23 St R W23 St-Baruch College 6, 4 min
- Developers
- Savanna 141 Principals LLC, Savanna Properties
- Principals
- Christopher Schlank, Nicholas Bienstock
- Average $/sf
- $1,912Homes in Schedule A, as first offered
- Common charges
- $979–$2,764 a monthSponsor's first-year estimate in Schedule A, January 1, 2008 To December 31, 2008
- Offering price
- $119.3 million total
- Floor plans
- Pages 893–896 of the plan
- SubmittedMay 2007
- AcceptedApril 2007
- 15 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through May 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 141 Fifth Avenue'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 →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 15 Jan 20, 2011
Purchase price of the Cupola unit changed to $9,995,000.
Amendment 14 May 27, 2010
Fourteenth Amendment updates sponsor financial disclosures, including 22 unsold units as of April 23, 2010, and extends the offering plan.
- 22 unsold residential units as of April 23, 2010
- Sponsor monthly common charges on unsold units approximately $43,000.00
- Sponsor monthly real estate taxes on unsold units approximately $30,000.00
- Loan outstanding balance $34,700,000.00 as of April 27, 2010 with Bank of Scotland PLC
- Loan expiration March 14, 2011; monthly payments $144,000.00 at LIBOR plus 350
- First closing occurred November 9, 2009
- Plan extended for twelve (12) months from filing date
Amendment 13 Dec 30, 2009
This amendment reports the first closing on November 9, 2009 for Unit 11 (4C), establishes the condominium board, and discloses sponsor financial obligations and loan details.
- First closing occurred November 9, 2009 for Unit 11 (A/K/A Unit 4C)
- Working capital account established at HSBC Bank USA with $3,669.76
- Sponsor's architect certified $4,225,000.00 needed for permanent certificate of occupancy, held in escrow
- Real estate tax escrow of $293,975.84 deposited for 2009/2010 tax year second half
- Bank of Scotland mortgage subordinated to condominium declaration
- Condominium board members: Cooper Kramer (President), Andrew Fichte (Vice President), Thomas Farrell (Secretary/Treasurer)
- Sponsor controls board until unsold residential units fall below 50% or fifth anniversary of first closing
- Sponsor's loan outstanding balance: $76,490,118.00 as of November 18, 2009
Amendment 12 Jul 1, 2009
The amendment updates the first closing date to September 1, 2009, and revises the budget, common charges, and real estate taxes for the first year of condominium operation.
- First closing expected on or about September 1, 2009
- Schedule B budget updated for first year of operation September 1, 2009 - August 31, 2010
- Schedule A purchase prices updated with revised common charges and real estate taxes
- Plan extended for six months following filing date of this amendment
- Schedule A prices increased for 3 homes (median +6.3%): 9 $1,585,000 → $1,685,000; 19 $2,950,000 → $2,960,000; 22 $1,645,000 → $1,845,000
- Schedule A prices decreased for 1 home (median -3.4%): 33 $2,900,000 → $2,800,000
Team
- Sponsor
- 141 Acquisition Associates LLC
- Developers
- Savanna 141 Principals LLC, Savanna Properties
- Principals
- Christopher Schlank, Nicholas Bienstock
- Counsel
- Starr Associates LLP
- Tax estimate
- Tuchman, Katz, Schwartz, Gelles, Korngold & Weiss, LLPPrepared the first-year real estate tax projection
- Construction lender
- Wells Fargo Bank
- Structural engineer
- Goldstein AssociatesNamed on p. 159
- MEP engineer
- MGJ Associates, Inc.Mechanical, electrical and plumbing · Named on p. 11
- Property report
- Cetra/Ruddy IncorporatedPrepared the plan's description of the property and its condition · Named on p. 302
- Title agency
- Royal Abstract of New York LLCThe sponsor's title company for buyers; you can choose another · Named on p. 237
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- C6-4M
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Flatiron Buildingnext door · 38 units · 2025
- Altair 20 (15 West 20th Street Condominium)next door · 17 units · 2005
- Iron Lofts Condominium0.1 mi · 6 units · 2022
- London Clay Townhouse0.1 mi · 3 units · 2026
- 254 Park Avenue South Condominium0.2 mi · 203 units · 2008
- Madison Park West Condominium0.2 mi · 350 units
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