88 Washington Place Condominium
88 Washington Place, Manhattan, NY 10011
Overview
88 Washington Place is a 14-unit condo in Manhattan, with 14 storage units.
- Offering plan: Accepted June 2005 · 342 pages · floor plans on page 21
- Finishes: KitchenAid and Kitchen Aid appliances, a washer and dryer in each apartment, Kohler bathroom fittings and through-wall PTAC units for heating and cooling
- Prices: $1,237 a square foot on average, as first offered; $28.6 million in all
- Common charges: $633–$1,257 a month, the sponsor's first-year estimate
- Sponsor: Paxton 350, LLC And Ciao-Di Restaurant Corp., represented by Cohen & Coleman, LLP
- Subway: 2-minute walk to W 4 St-Wash Sq (A, B, C, D, E, F, M); 4 minutes to Christopher St-Stonewall (1)
- Amendments: 7, the latest in January 2008
- Units
- 14 residential · 14 storage
- Subway
- 2 min walk to W 4 St-Wash Sq A B C D E F MChristopher St-Stonewall 1, 4 min
- Average $/sf
- $1,237Homes in Schedule A, as first offered
- Common charges
- $633–$1,257 a monthSponsor's first-year estimate in Schedule A, 01/01/06 - 12/31/06
- Offering price
- $28.6 million total
- Floor plans
- Page 21 of the plan
- SubmittedJune 2005
- AcceptedJune 2005
- 7 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 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 88 Washington Place'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 →Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 4 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 7 2008
This amendment reports post-closing status, ongoing litigation between the two sponsors, and a mechanic's lien claim.
- First closing occurred July 30, 2007
- Temporary Certificate of Occupancy expires April 15, 2008
- Declaration of Condominium filed March 9, 2007
- Working Capital Fund is approximately $21,749.00
- Only one unsold unit remains: 5A
- First Board of Unit Owners elected September 21, 2007
- Two sponsors in litigation (Index No. 602863/2007) regarding development agreement
- Ameribuild Construction Management mechanic's lien for $430,546.65 alleged unpaid
Amendment 6 Aug 13, 2007
Schedule A replaced with actual real estate taxes for fiscal year 7/1/07 - 6/30/08 as published by New York City.
- Schedule A prices increased for 1 home (median +17.9%): 4A $1,675,000 → $1,975,000
Amendment 5 Jun 13, 2007
Offering price increased for one unsold unit.
Amendment 4 Feb 15, 2007
Fourth amendment updates commercial unit expense allocation, Board designation rights, property descriptions, unit definitions, and operational provisions.
- Commercial unit expense allocation now based on relative square footage adjusted for usage estimates
- Commercial unit owners entitled to designate one Board member unless Sponsor owns all units at end of Initial Control Period
- Property block and lot numbers corrected to Block 552, f/k/a Lot 5, now Lots 1301-1330
- Land square footage inserted as 9,661 square feet
- Floor Plans definition updated to reference SLCE Architects certification
- Unit definition corrected to reference 2 Commercial Units, 14 Residential Units, and 14 Storage Units
- Detailed descriptions added for Residential, Commercial, and Storage Unit boundaries and inclusions
- Roof garden on third floor added as Residential Common Element; Limited Residential Common Elements clarified as terraces for Units PHA, PHB, 3-A
Amendment 3 Nov 29, 2005
Plan declared effective with 12 of 14 residential units sold; Schedule A corrected for Storage Unit S6 common interest percentage and prior price changes.
- Plan declared effective: 12 of 14 residential units (85%) have executed agreements with bona fide purchasers
- Schedule A replaced with amended version correcting Storage Unit S6 percentage of common interest
- Schedule A reflects price changes from prior offering plan amendments
- Schedule A prices increased for 4 homes (median +2.9%): 5A $1,725,000 → $1,775,000; 5B $1,595,000 → $1,625,000; 5D $1,775,000 → $1,800,000; PHA $2,750,000 → $2,850,000
Amendment 2 Jun 22, 2005
Offering price increased for one unsold unit.
Amendment 1 Jun 13, 2005
Offering prices increased for three unsold units.
- Unit 5-A price raised to $1,775,000.00
- Unit 5-B price raised to $1,625,000.00
- Unit 5-D price raised to $1,800,000.00
Team
- Sponsor
- Paxton 350, LLC And Ciao-Di Restaurant Corp.
- Counsel
- Cohen & Coleman, LLP
- Tax estimate
- Lippman Krasnow & Kelton LLPPrepared the first-year real estate tax projection
- Construction lender
- HSBC Bank$14.1 million recorded
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7-2
- Commercial overlay
- C1-5
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 44 West 8th Street Condominium0.1 mi · 5 units · 2026
- 181 Macdougal Street Condominium0.1 mi · 16 units · 2024
- 25 Minetta Lane0.1 mi · 1989
- The Residences At West 9th Street0.2 mi · 45 units · 2025
- Sixteen Fifth Avenue Condominium0.2 mi · 14 units · 2024
- 211 Thompson Street0.2 mi · 1987
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