THE CONDO BOOK PROJECT

15 Jay Street Condominium

15 Jay Street, Manhattan, NY 10013

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Overview

15 Jay Street is a 5-unit condo in Manhattan.

  • Offering plan: Accepted August 2018
  • Prices: $24.6 million in all ($25.5 million when first offered)
  • Sponsor: Jay Hudson, LLC, represented by Marans, Weisz & Newman LLC
  • Subway: 4-minute walk to Chambers St (1, 2, 3); 5 minutes to Franklin St (1)
  • Amendments: 7, the latest in April 2020
  1. SubmittedSeptember 2018
  2. AcceptedAugust 2018
  3. 7 amendments
  4. First sale
  5. Latest sale

Sales

5 of 5homes sold (100%)
Every sale: 5 homes, with price and dateSee it free →

From city records (ACRIS), through May 31, 2025.

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 →

Amendments

Amendment 6 Feb 13, 2020

This amendment extends the Plan's term by six months and updates the disclosures on construction status, the sponsor's construction mortgage, and the sponsor principals' other offerings, while leaving the First Year Budget unchanged.

  • Plan term extended for six (6) months from the date of this Amendment
  • Construction not yet complete; no Units have closed; condominium operations not yet commenced; no financial statements available
  • Construction mortgage of $8,000,000.00 held by Bank of Hope f/k/a BBCN Bank, monthly payment $44,053.16 paid from a principal reserve account, maturity date March 24, 2020
  • Sponsor states it is current on its obligations to the Sponsor's Lender
  • Principals' other offerings listed: The 401 Rutland Road Condominium (CD180477) and The 127 West 112th Street Condominium (CD190080)
  • First Year Budget remains unchanged from the Plan
What the amendment changed, line by lineSee it free →

Team

Sponsor
Jay Hudson, LLC

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
C6-2A
Special district
Special Tribeca Mixed Use District (TMU)

Today's zoning, from city data (PLUTO 26v2).

Nearby

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