THE CONDO BOOK PROJECT

419 West 55th Street Corporation

419 West 55th Street, Manhattan, NY 10019

Overview

419 West 55th Street Corporation is a 24-unit condo in Manhattan, with 1 commercial unit. Its offering plan was accepted in October 2003. It's a 6-minute walk to 59 St-Columbus Circle (1, A, B, C, D). The plan names Stephen L. Glascock and Barbara van Beuren as the sponsor's principals. Schedule A prices the homes at an average of $416 a square foot as first offered. The offering totals $12.4 million.

The sponsor of record is 419 West 55th Street LLC, represented by Herzfeld & Rubin, P.C.. The offering plan runs 349 pages. The sponsor has filed 10 amendments, the latest in June 2006. The nearest other condo plan on file is West 55th St. Owner'S Corp, next door.

Plan C030005 · Rehab · accepted Oct 16, 2003 · AG record ↗

Budget

From our research: How Close Are Offering Plan Tax Estimates to the Real Bill? · What New NYC Condos Spend on Staff, by Building Size · The Sponsor's Condo-Creation Fee in NYC

Amendments

  1. Amendment 1 10/29/2003

    This First Amendment raises the offering prices of the residential units, as set out in the revised Schedule A and Exhibit A.

    • Offering prices raised for all residential units, per Exhibit A
    • B1 price raised from $600,000 to $630,000
    • 5D price raised from $455,000 to $475,000
    • 6D price raised from $485,000 to $500,000
    • Penthouse price raised from $1,375,000 to $1,395,000

Summarized from the amendments' text (scanned ones read with OCR); the filings themselves are on the Attorney General's site. 1 of 10 amendments summarized so far.

Building Report · $19

Unlock every amendment

  • Full comp against 2 peer buildings
  • Every recorded sale from ACRIS
  • Full offering plan breakdown
  • A PDF, yours to keep

View a sample report (PDF)

Team

Sponsor
419 West 55th Street LLC
Principals
Stephen L. Glascock, Barbara van Beuren

From our research: Should You Use the Sponsor's Preferred Lender for a New Condo? · The Top NYC Condo Developers, and What Each One Builds · Who Manages New NYC Condos, and What the Managing Agent Costs

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