159 East 118th Street Condominium (The Oslo)
159 East 118th Street, Manhattan, NY 10035
Overview
The Oslo is a 12-unit condo in Manhattan.
- Offering plan: Accepted March 2022 · 338 pages · floor plans on page 36
- Finishes: Engineered wood floors, quartz kitchen countertops, wood cabinets, Blomberg appliances, washer/dryer hook-ups, Moen bathroom fittings and split-system units for heating and cooling
- Prices: $891 a square foot on average, as first offered; $8.86 million in all ($7.04 million when first offered)
- Common charges: $246–$654 a month, the sponsor's first-year estimate
- Sponsor: 159 NYC LLC, represented by The Law Office Of Jay Lichtman, PC; principals Guy Altberg
- Subway: 3-minute walk to 116 St (6); 8 minutes to 125 St (4, 5, 6)
- Amendments: 1, the latest in March 2023
- Units
- 12 residential
- Subway
- 3 min walk to 116 St 6125 St 4 5 6, 8 min
- Principals
- Guy Altberg
- Average $/sf
- $891Homes in Schedule A, as first offered
- Common charges
- $246–$654 a monthSponsor's first-year estimate in Schedule A, Year Projected to Begin: July 1, 2022-June 30, 2023
- Offering price
- $8.86 million total $7.04 million when first offered
- Floor plans
- Page 36 of the plan
- SubmittedMarch 2023
- AcceptedMarch 2022
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
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)
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Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 10 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 8 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Mar 21, 2023
Amendment updates floor plans per DOB approval, sets unit offering prices, adds storage locker offerings, and extends plan term.
- All 12 unit offering prices set: $475,000–$950,000
- Construction substantially completed as of January 2023; Temporary Certificate of Occupancy anticipated in 3 months, Final in 4 months
- Eight storage lockers in cellar offered for sale via license at $10,000 each
- Each unit has designated laundry closet with specified dimensions
- Roof recreational area 331 sf (20 max occupants); cellar exercise room 111 sf (2 max occupants)
- Standing shower floor area at Unit 6PHA reduced
- All outstanding violations to be removed prior to first closing
- Plan term extended 6 months from amendment date
Team
- Sponsor
- 159 NYC LLC
- Principals
- Guy Altberg
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Broad X Funding$3 million recorded
- General contractors
- Level 10 Construction Group, AG Contracting ServicesHeld the general construction permit on DOB job 121188473
- Buyer's lender
- loanDepotThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 204
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 152 East 116th Street Owners Hdfc0.1 mi · 9 units · 2019
- Bridge Condominium0.3 mi · 13 units · 2006
- Patagonia0.4 mi · 30 units · 2022
- Vista Noble Tower Condominium0.4 mi · 42 units · 11 parking · 2024
- Mirada Condominium0.4 mi · 69 units · 32 parking · 2007
- Kalahari Condominium0.5 mi · 249 units · 1 parking · 2006
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