THE CONDO BOOK PROJECT

New Theatre Condominium

240 East 10th Street, Manhattan, NY 10003

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Overview

New Theatre is a 37-unit condo in Manhattan, with 1 commercial unit.

  • Offering plan: Accepted May 2000 · 640 pages · floor plans on pages 153–154
  • Finishes: KitchenAid appliances, a washer and dryer in each apartment and packaged air conditioning units with hot water coils for heating and cooling
  • Prices: $20.4 million in all
  • Developer: Wildwood Development Corp.; principals Gerald Rosengarten
  • Sponsor: New City Associates LLC, represented by Shaw & Associates
  • Subway: 5-minute walk to 1 Av (L); 8 minutes to 3 Av (L)
  • Amendments: 18, the latest in December 2010
  1. SubmittedMay 2000
  2. AcceptedMay 2000
  3. 18 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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Team

Sponsor
New City Associates LLC
Developer
Wildwood Development Corp.
Principals
Gerald Rosengarten
Tax estimate
New York Advisory Services, Inc.Prepared the first-year real estate tax projection
Construction lenders
Chinatrust Bank, Grand Pacific Financial
General contractor
New York Construction CollaboratHeld the general construction permit on DOB job 102010654
Property report
Schuman Lichtenstein Ciaman Efron ArchitectsPrepared the plan's description of the property and its condition · Named on p. 445
Title agency
Guardian Land Abstract Corp.The sponsor's title company for buyers; you can choose another · Agent for Lawyers Title Insurance Corporation · Named on p. 366

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

Zoning

Zoning districts
R8B, R7AThe lot is split between two districts, the largest share first
Commercial overlay
C1-5

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

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