THE CONDO BOOK PROJECT

Maurice

151 Lenox Avenue, Manhattan, NY 10026

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Overview

Maurice is a 4-unit condo in Manhattan, with 1 commercial unit.

  • Offering plan: Accepted April 2015 · 419 pages · floor plans on page 3
  • Finishes: Hardwood floors, quartz kitchen countertops, Fisher & Paykel and Bosch appliances, a washer and dryer in each apartment, Hansgrohe bathroom fittings and a VRF heat pump system for heating and cooling
  • Prices: $1,015 a square foot on average, as first offered; $5.98 million in all ($4.38 million when first offered)
  • Common charges: $844–$1,040 a month, the sponsor's first-year estimate
  • Developers: Steeplechase Real Estate Development and Urban Green Investments, LLC; principals Alexander Perras, David McCloskey, Francisco Pineda and Novak Vukasinovic
  • Sponsor: 151 Lenox LLC, represented by Starr Associates LLP
  • Subway: 2-minute walk to 116 St (2, 3); 7 minutes to 110 St-Malcolm X Plaza (2, 3)
  • Amendments: 5, the latest in September 2016
  1. SubmittedDecember 2015
  2. AcceptedApril 2015
  3. 5 amendments
  4. First sale
  5. Latest sale

Sales

4 of 4homes sold (100%)
Every sale: 5 homes, with price and dateSee it free →

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 Maurice'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 1 closing cost in the plan, with their pagesSee it free →

Amendments

Amendment 5 September 2016

Fifth Amendment records the first closing on September 13, 2016 for Unit 3, establishes the condominium board, confirms the permanent certificate of occupancy issued September 26, 2016, and removes Francisco Pineda as a sponsor principal.

  • First Closing occurred September 13, 2016 for Unit 3
  • Condominium Declaration recorded September 7, 2016 in CRFN 2016000310096
  • Floor Plans filed as Condominium Plan No. 2541 on September 6, 2016
  • Working Capital Account established with $3,044.84 at JP Morgan Chase Bank
  • Permanent Certificate of Occupancy issued September 26, 2016
  • Condominium Board established with Alexander Perros (President), Alexey Kulagin (Vice President), Novak Vukasinovic (Secretary)
  • Management agreement assigned to Condominium with Loge Peak Management LLC
  • Francisco Pineda no longer a principal of Sponsor

Amendment 4 May 26, 2016

Amendment converts portions of cellar from common elements to residential storage lockers for unit owners, updates schedules and floor plans.

  • Cellar redesignated: portions become Residential Limited Common Elements for storage
  • Each residential unit owner receives exclusive assigned Storage Locker at no cost
  • Storage Lockers not serviced by emergency generator; owner bears loss from power outages
  • Storage may only hold personal effects; no food or perishables; prohibited uses banned
  • Updated Schedule A reflects square footage changes for Commercial Unit and Storage Lockers
  • Updated Schedule B and Real Estate Tax Opinion Letter included
  • Unit owner must close even if Temporary Certificate of Occupancy not issued for storage area
  • Unit owner responsible for casualty and liability insurance for storage locker and contents

Amendment 3 May 13, 2016

Plan declared effective upon receipt of 2 purchase agreements representing 50% of the 4 units offered for sale.

  • Plan declared effective based on 2 purchase agreements from bona fide purchasers representing 50% of 4 units offered
  • Units 2 and 3 purchased on 3/24/16 and 3/25/16 respectively

Amendment 2 Mar 31, 2016

First year of condominium operation moved to July 1, 2016, managing agent changed to Loge Peak Property Management LLC, and a $750 mortgage financing fee added to closing costs.

  • First Year of Condominium Operation scheduled to commence July 1, 2016
  • Managing Agent changed from BrickWork Management to Loge Peak Property Management LLC
  • New $750 fee added for purchasers obtaining mortgage financing at closing
  • Updated Schedule A with purchase prices and common charges for July 1, 2016 to June 30, 2017
  • Updated Schedule B budget for first year ending June 30, 2017
  • Updated Schedule B-1 for projected individual energy costs
  • Updated real estate tax opinion letter

Amendment 1 Jan 8, 2016

Adds commercial unit for sale, updates warranty terms to limit builder liability to 50% of purchase price, and provides updated property descriptions and floor plans.

  • Commercial Unit offered for sale at $1,600,000.00
  • Housing Merchant Implied Warranty limited to 50% of Purchase Price
  • Limited Warranty applies to original purchaser only, does not extend to subsequent owners
  • Updated Description of Property and Specifications
  • Updated Certification of Architect
  • Updated Floor Plans for Units
  • One-year basic coverage for defective workmanship and materials
  • Two-year coverage for Plumbing, Electrical, Heating, Cooling and Ventilation Systems
What each amendment changed, line by lineSee it free →

Team

Sponsor
151 Lenox LLC
Developers
Steeplechase Real Estate Development, Urban Green Investments, LLC
Principals
Alexander Perras, David McCloskey, Francisco Pineda, Novak Vukasinovic
Tax estimate
Goldberg Weprin Finkel GoldsteinPrepared the first-year real estate tax projection
Construction lender
First Republic Bank$1.7 million recorded
Structural engineers
Blue Sky Design, fuc., Blue Sky Design, Inc.Named on p. 34, p. 139
MEP engineer
Jack Green AssociatesMechanical, electrical and plumbing · Named on p. 34

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

Zoning

Zoning district
R7-2
Commercial overlay
C1-4

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

Nearby

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The Condo Book Project Are Maurice's common charges high for the area? Yes, they're on the high side. Maurice budgets $0.88 per square foot a month, against a $0.84 median for the 10 most similar Manhattan plans.Schedule A Do you want to see the list of similar buildings?
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