Archive Lofts Condominium
305 East 61st Street, Manhattan, NY 10065
Overview
Archive Lofts is a 35-unit condo in Manhattan, with 1 commercial unit.
- Offering plan: Accepted August 2023 · 540 pages · floor plans on page 349
- Finishes: A washer and dryer in each apartment and a VRF heat pump system for heating and cooling
- Prices: $2,129 a square foot on average, as first offered; $95.4 million in all
- Common charges: $1,410–$7,860 a month, the sponsor's first-year estimate
- Developer: Coral Realty; principals Alex Forkosh
- Sponsor: Asf 61 LLC, represented by Holland & Knight LLP
- Subway: 4-minute walk to Lexington Av/59 St (4, 5, 6, N, R, W); 5 minutes to Lexington Av/63 St (M, Q)
- Amendments: 4, the latest in August 2025
- Other filings: CD160217 (condo plan, filed 2018)
- Units
- 35 residential · 1 commercial
- Subway
- 4 min walk to Lexington Av/59 St 4 5 6 N R WLexington Av/63 St M Q, 5 min
- Developer
- Coral Realty
- Principals
- Alex Forkosh
- Average $/sf
- $2,129Homes in Schedule A, as first offered
- Common charges
- $1,410–$7,860 a monthSponsor's first-year estimate in Schedule A, January 1, 2024 To December 31, 2024
- Offering price
- $95.4 million total
- Floor plans
- Page 349 of the plan
- SubmittedNovember 2023
- AcceptedAugust 2023
- 4 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Jun 30, 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 32 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 4 Aug 21, 2025
Fourth Amendment updates condominium financial information, board composition, selling agent, and extends plan filing period.
- 19 unsold units owned by Sponsor as of September 19, 2025
- Initial board comprised of 3 members: Alex Forkosh, Steven Forkosh, Cris Alcamo
- Common Charge payments waived as of September 29, 2025; Sponsor pays operating costs
- Aggregate monthly real estate taxes for unsold units approximately $43,520.73
- Aggregate monthly rents from unsold units approximately $101,290.00
- Bank of America mortgage principal balance approximately $39,623,123.92; maturity May 29, 2026
- Selling Agent changed to Platinum Realty Group LLC; Corcoran Sunshine Marketing Group no longer agent
- Plan may not be used after 12 months following filing date unless further extended
- Schedule A prices increased for 5 homes (median +16.4%): 301 $1,700,000 → $1,895,000; 302 $1,800,000 → $2,095,000; 401 $1,725,000 → $1,995,000; 402 $1,950,000 → $2,500,000; ...
- Schedule A prices decreased for 7 homes (median -6.5%): 403 $1,300,000 → $1,275,000; 405 $1,340,000 → $1,295,000; 501 $2,050,000 → $1,795,000; 601 $2,300,000 → $1,995,000; ...
Amendment 3 May 31, 2024
Third Amendment updates purchase prices for certain units, reflects first closing on May 1, 2024, provides actual 2024/2025 real estate taxes, and documents temporary certificate of occupancy and PCO escrow funding.
- First Closing occurred May 1, 2024 for Unit 504
- Schedule A updated with revised purchase prices for certain units
- De minimis changes to percent common interest of Commercial Unit and PH1
- Temporary certificate of occupancy issued; permanent certificate not yet issued
- $8,000.00 PCO Escrow Account funded as of April 30, 2024
- Actual 2024/2025 real estate taxes now available on Schedule A per DOF website
- 32 of 35 residential units owned by Sponsor as of May 7, 2024
- Working Capital Fund and Reserve Fund each holding $12,226 as of June 27, 2024
Amendment 2 Jan 22, 2024
Plan declared effective based on execution of purchase agreements for 6 units representing at least 15% of 35 units offered.
- Plan declared effective
- 6 units under purchase agreement (at least 15% of 35 units offered)
Amendment 1 Nov 9, 2023
Schedule A updated with increased square footage for Unit PH1, updated rooftop terrace square footages and pricing, and revised floor plans and property description.
- Unit PH1 square footage increased to 3,700
- Unit PH1 purchase price set at 11,600,000
- Private Rooftop Terrace square footages and prices updated
- Floor Plans revised
- Description of Property Report updated
- De minimis decreases in percent common interest and projected charges for other units
Team
- Sponsor
- Asf 61 LLC
- Developer
- Coral Realty
- Principals
- Alex Forkosh
- Counsel
- Holland & Knight LLP
- Tax estimate
- Boris Saks, Esq. PLLCPrepared the first-year real estate tax projection
- Construction lender
- CRX 61st Street$2 million recorded
- MEP engineer
- Mottola Rini Engineers P.C.Mechanical, electrical and plumbing · Named on p. 65
- Interior designer
- Forkosh Design GroupReported by nestseekers.com
- Title agency
- Royal Abstract of New York LLCThe sponsor's title company for buyers; you can choose another · Named on p. 244
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R8B
- Commercial overlay
- C2-5
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 301 East 61st Street Condominiumnext door · 30 units · 2016
- Paladinnext door · 1985
- 249 East 62nd Street Condominiumnext door · 66 units · 2023
- 200 E 62 Condominium0.1 mi · 115 units · 1 parking · 2015
- Bridge Tower Place Condominium0.1 mi · 127 units · 2000
- 1059 Third Avenue Condominium0.2 mi · 38 units · 2020
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