No. 142 Flatiron Condominium
142 West 19th Street, Manhattan, NY 10011
Overview
No. 142 Flatiron is a 7-unit condo in Manhattan.
- Offering plan: Accepted January 2023 · 962 pages · floor plans on page 4
- Finishes: Engineered wood floors, stone kitchen countertops, Miele appliances, a washer and dryer in each apartment, Dornbracht bathroom fittings and a VRF heat pump system for heating and cooling
- Prices: $2,049 a square foot on average, as first offered; $23.5 million in all ($24.6 million when first offered)
- Common charges: $1,148–$1,728 a month, the sponsor's first-year estimate
- Developer: Urban Standard Capital; principals Seth Weissman
- Sponsor: Usd 142 W 19 LLC**, represented by Belkin, Burden, Goldman, LLP
- Subway: 2-minute walk to 18 St (1); 5 minutes to 23 St (1)
- Amendments: 4, the latest in November 2024
- Units
- 7 residential
- Subway
- 2 min walk to 18 St 123 St 1, 5 min
- Developer
- Urban Standard Capital
- Principals
- Seth Weissman
- Average $/sf
- $2,049Homes in Schedule A, as first offered
- Common charges
- $1,148–$1,728 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 – December 31, 2023
- Offering price
- $23.5 million total $24.6 million when first offered
- Floor plans
- Page 4 of the plan
- SubmittedMay 2023
- AcceptedJanuary 2023
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Apr 30, 2025.
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 No. 142 Flatiron's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 7 homes.
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 5 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 3 Jan 19, 2024
Third amendment updates condominium formation details, certificates of occupancy, first unit closing that occurred February 12, 2024, purchaser rescission rights, and first year budget and charges for 2024.
- First Unit Closing occurred February 12, 2024; Units 2 and PH in contract but not closed; Unit 4 unsold
- Temporary Certificate of Occupancy issued January 18, 2024; architect confirms project complete for final occupancy
- Purchasers who entered into agreements before this amendment are offered rescission right due to missed December 31, 2023 closing deadline
- First Year of Condominium Operation: January 1, 2024 through December 31, 2024
- Estimated annual common charges: $113,423; estimated annual real estate taxes 1st year: $184,175
- Working Capital Fund approximately $10,332.00 to be deposited at Capital One Bank; no reserve fund currently
- Real estate tax assessed value: $1,403,829 for 2023/2024 period; $1,516,126 estimated for 2024/2025 period
Amendment 2 Jul 12, 2023
Plan declared effective after two purchase agreements representing 28% of units were executed.
- Plan declared effective as of July 10, 2023
- Two purchase agreements executed for residential units as of July 6, 2023
- Purchase agreements represent approximately 28% of residential units offered
Amendment 1 2023
Offering prices for units are modified as shown in the revised Schedule A.
- Unit 1 (2 BR/2.5 BA Duplex): $4,250,000
- Unit 2 (2 BR/2 BA/ST Simplex): price not stated in amendment
- Unit 3 (2 BR/2 BA/ST Simplex): $2,925,000
- Unit 4 (2 BR/2 BA/ST Simplex): $2,975,000
- Unit 5 (2 BR/2 BA/ST Simplex): $3,400,000
- Unit 6 (2 BR/2 BA/ST Simplex): $3,450,000
- PH (2 BR/2 BA/DS Simplex): $3,650,000
- Schedule A prices decreased for 1 home (median -11.5%): 2 $3,250,000 → $2,875,000
Team
- Sponsor
- Usd 142 W 19 LLC**
- Developer
- Urban Standard Capital
- Principals
- Seth Weissman
- Counsel
- Belkin, Burden, Goldman, LLP
- Tax estimate
- Korngold Powers LLPPrepared the first-year real estate tax projection
- Construction lender
- Axos Bank$11.4 million recorded
- General contractor
- Otl EnterprisesHeld the general construction permit on DOB job 121190549
- Structural engineer
- Madsen EngineeringNamed on p. 154
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- C6-3A
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Flynnnext door · 30 units · 8 parking · 2015
- 142 West 21st Street Condominiumnext door · 22 units · 2 parking · 2025
- 210 West 19th Street Condominiumnext door · 1984
- Chelsea Green Condominium0.1 mi · 51 units · 2012
- Indigo Condominium0.1 mi · 52 units · 2007
- 130 West 16 Owners Inc0.1 mi · 1983
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