1009 Second Avenue

Issac | Stern Architects is credited as architect on published construction reporting. Department of Buildings filings show 29 dwelling units across 19 stories, with a cellar level and a 30-foot rear yard, and 2,241 square feet of ground-floor commercial space. Reporting on the permits gives about 39,874 square feet of residential area and 51,342 square feet total, so the average scope is about 1,374 square feet per home. Another summary lists an inconsistent residential figure of 1,972 square feet, which looks like an error.

Unit mix, finishes, outdoor space and amenities have not been published. Schedule A of the plan lists every home once the plan is accepted. The plan and Department of Buildings filings give 29 apartments; some records show 22.

Per the offering plan filed with the New York State Attorney General (plan CD260074), the plan was submitted February 26, 2026 at a total offering price of $64,020,000 for 29 residential units and one commercial unit. The record shows no acceptance date, no amendments, no effective date and no units-sold figure.

At $64,020,000 across 29 residences, the plan implies an average of about $2.2 million per home. That figure is arithmetic on the plan total.

The sponsor has not published asking prices. Marketing materials show a target sales launch in the fourth quarter of 2026 and delivery in the fourth quarter of 2027; treat both dates as unconfirmed, because earlier dates published for this project did not hold.

Before the plan is accepted. The Attorney General must accept an offering plan before a sponsor can sign purchase contracts and take deposits. Any early reservation is typically non-binding. Prices and unit counts in the filed plan can move through amendments.

Deposit and contract. New-development contracts typically require a deposit of 10% at signing, held in escrow, with some sponsors asking for 20%. The plan and contract package state this building's terms.

Closing costs. In sponsor sales the buyer customarily pays the New York State transfer tax (0.4%) and the New York City real property transfer tax (1.425% up to $500,000, 2.625% above), plus the state "mansion tax" of 1% at $1 million, rising in tiers to 3.9% at $25 million in New York City. On a $2.2 million home that comes to about $66,500 in transfer taxes and $27,500 in mansion tax at the 1.25% tier. Use the calculators below to run your price.

Closing on a temporary certificate of occupancy. A sponsor can close on units while the building holds a temporary certificate of occupancy, renewed periodically until a final one issues. Ask what the sponsor holds back until then.

Carrying costs and abatement. The plan's budget will project first-year common charges and real estate taxes. No tax abatement has been disclosed. Confirm it in the plan.

Sponsor board control. The sponsor controls the board until enough units are sold to turn control over to owners. The declaration and by-laws set the threshold.

Sponsor identity. The plan's sponsor is LFL Partners, LLC, and reporting names other entities. Ask the sponsor's attorney to confirm the party signing your contract.

If you're considering 1009 Second Avenue, also look at these nearby Midtown East condominiums:

• 249 East 50th Street — condominium completed in 2019, designed by Isaac & Stern Architects
• 138 East 50th Street — The Centrale, completed 2019 in Turtle Bay
• 250 East 54th Street — The Mondrian, a 43-story condominium built in 1990 between Second and Third Avenues
• 252 East 57th Street — condominium tower completed in 2016 at Second Avenue
• 165 Lexington Avenue — condominium completed in 2021, built new