THE CONDO BOOK PROJECT

Broadway Arms Condominium

170 Broadway, Manhattan, NY 11211

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Overview

Broadway Arms is a 12-unit condo in Manhattan.

  • Offering plan: Accepted January 2004 · 250 pages · floor plans on page 4
  • Finishes: Hardwood floors, granite kitchen countertops, wooden maple cabinets, GE and General Electric appliances, washer/dryer hook-ups and split-system units for heating and cooling
  • Prices: $584 a square foot on average, as first offered; $5.66 million in all
  • Common charges: $279–$324 a month, the sponsor's first-year estimate
  • Sponsor: Broadway-Driggs Associates LLC, represented by Sonnenschein, Sherman, Deutsch, LLP; principals Anthony Gurino and Jack Korn
  • Subway: 1-minute walk to Fulton St (2, 3, 4, 5, A, C, J, Z); 1 minutes to Chambers St/WTC/Park Place/Cortlandt St (2, 3, A, C, E, R, W)
  • Amendments: 2, the latest in May 2004
  1. SubmittedFebruary 2004
  2. AcceptedJanuary 2004
  3. 2 amendments

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.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The plan lists what a buyer pays at closing.

All 4 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 2004

Plan declared effective upon receipt of five purchase agreements representing 41.67% of residential units.

  • Plan declared effective by notice dated April 28, 2004
  • Five purchase agreements received and counted toward effectiveness
  • Purchase agreements comprise 41.67% of residential units
  • Projected first year of condominium operation to commence April 1, 2004
  • No material changes to first-year budget from First Amendment
  • Closing date to be notified by separate notice

Amendment 1 Feb 12, 2004

New offering prices set for 10 units across floors 2–6.

  • Unit 2A: $479,000
  • Unit 2B: $479,000
  • Unit 3A: $489,000
  • Unit 3B: $489,000
  • Unit 4A: $499,000
  • Unit 4B: $499,000
  • Unit 5A: $509,000
  • Unit 5B: $509,000
What each amendment changed, line by lineSee it free →

Team

Sponsor
Broadway-Driggs Associates LLC
Principals
Anthony Gurino, Jack Korn
Tax estimate
Mishkoff Associates, LLCPrepared the first-year real estate tax projection
Construction lender
North Fork Bank
MEP engineer
MEHANDES ENGINEERING COMechanical, electrical and plumbing · Named on p. 31
Title agency
National Granite Title Insurance Agency, Inc.The sponsor's title company for buyers; you can choose another · Named on p. 46

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

Zoning

Zoning district
C5-5
Special district
Special Lower Manhattan District (LM)

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

Nearby

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The Condo Book Project Are Broadway Arms's common charges high for the area? No, they're on the low side. Broadway Arms budgets $0.35 per square foot a month, against a $0.79 median for the 10 most similar Manhattan plans.Schedule A Do you want to see the list of similar buildings?
Free: all 19 units, every budget line, property taxesSee it free