55 Lynch Street Condominium
55 Lynch Street, Manhattan, NY 11206
Overview
55 Lynch Street is a new 3-unit condo in Manhattan.
- Offering plan: Accepted July 2023 · 338 pages · floor plans on page 12
- Finishes: Wood floors, stone kitchen countertops, washer/dryer hook-ups and Delta bathroom fittings
- Prices: $7.08 million in all
- Common charges: $563–$680 a month, the sponsor's first-year estimate
- Sponsor: 57 Lynch Street LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Abraham Mandel
- Neighborhood: Williamsburg, Brooklyn
- Subway: 9-minute walk to Flushing Av (G); 9 minutes to Broadway (G)
- Amendments: 1, the latest in July 2025
- Units
- 3 residential
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 9 min walk to Flushing Av GBroadway G, 9 min
- Principals
- Abraham Mandel
- Common charges
- $563–$680 a monthSponsor's first-year estimate in Schedule A, January 1, 2024 - December 31, 2024
- Offering price
- $7.08 million total
- Floor plans
- Page 12 of the plan
- SubmittedJuly 2025
- AcceptedJuly 2023
- 1 amendment
- First sale
Units & Prices
Sales
1 of 3homes sold (33%)
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)
Ask Claude or ChatGPT: How do 55 Lynch Street's common charges compare with similar buildings? →
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 →Compare
| Figure | This building1 | 57 Lynch23 units · 0 miaccepted 2023 | 650 East 6th35 units · 2 miaccepted 2022 |
|---|---|---|---|
| Average Offering PricePer Apartment | $2.36MIn line | $2.12M | $2.51M |
How We Got This
- Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Closing Costs
The plan lists what a buyer pays at closing.
All 7 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Jul 7, 2025
New sponsor acquired the building; first closing now projected for January 1, 2026; budget and common charges updated; board members named.
- Sponsor changed to 55 Lynch LLC (acquired building November 27, 2024)
- First closing projected by January 1, 2026
- Common Charges: $23,454.00 annually
- Water & Sewer budgeted at $3,060.00
- Reserve Fund set at $2,346.00 (10% of budget)
- Final Certificate of Occupancy issued October 18, 2024
- Board members: Joel Klein, Sarah Klein, Chaim Eichler
- Plan term extended 6 months
Team
- Sponsor
- 57 Lynch Street LLC
- Principals
- Abraham Mandel
- Tax estimate
- RE Tax ServicePrepared the first-year real estate tax projection
- General contractors
- Park Management USA, Stellar IndustriesHeld the general construction permit on DOB job 322028364
- Buyer's lender
- U.S. BankThe sponsor's preferred mortgage lender; you can use another · Named on p. 196
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 57 Lynch Street Condominiumnext door · 3 units · 2023
- 74 Heyward Street Condominiumnext door · 4 units · 2023
- 217 Lee Avenue Condominiumnext door · 3 units · 2023
- Middleton Units Condominiumnext door · 16 units · 2024
- 40 Middleton Street Condominium0.1 mi · 12 units · 2003
- 134 Penn Street Condominium0.1 mi · 2020
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