THE CONDO BOOK PROJECT

10 Quincy Street Condominium

10 Quincy Street, Brooklyn, NY 11238

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Overview

Units
46 residential
Subway
6 min walk to Classon Av GClinton-Washington Avs C, 8 min
Principals
David Rivlin
Average $/sf
$1,417Homes in Schedule A, as first offered
Common charges
$260–$790 a monthSponsor's first-year estimate in Schedule A, April 1, 2022 - March 31, 2023
Offering price
$72 million total $67 million when first offered

The sponsor of record is Dari Development LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 366 pages. The sponsor has filed 4 amendments, the latest in August 2023. The nearest other condo plan on file is 179 Gates Avenue Condominium, next door.

Plan CD210060 · New · accepted Jan 6, 2022 · AG record ↗

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FigureThis building1Post House241 units · 1 miaccepted 2022The Butler Collection334 units · 1.1 miaccepted 2022
Common ChargesPer Square Foot / Month$0.43Below peers$0.89$0.46
Average Offering PricePer Apartment$1.46MBelow peers$1.97M$1.65M
Average PricePer Square Foot$1,417In line$1,542$1,333
Property TaxesPer Square Foot / Month$0.70Lowest$0.99$0.86
Average Unit SizeSquare Feet1,027 SFSmallest1,275 SF1,236 SF

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Unit mix, closings, budgets, finishes and the team, against Post House and The Butler Collection, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Brooklyn 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.

Closings Pro

Homes closed93% of the homes in Schedule A43 of 46
Closing prices vs. Schedule A43 homes: $62,851,352 at closing against $62,260,000 in Schedule A (p. 35)+0.9%
Average closing price43 homes, on their Schedule A square feet$1,435 / SF
Closingsfirst and latest recordedAug 3, 2022 – May 8, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 43 closings
HomeRecordedClosing priceSchedule ADifference
3AAug 3, 2022$1,425,000$1,425,000 p. 350%
2HAug 5, 2022$1,488,459$1,495,000 p. 35−0.4%
2LAug 5, 2022$1,903,646$1,775,000 p. 35+7.2%
3HAug 11, 2022$1,485,000$1,525,000 p. 35−2.6%
3JAug 11, 2022$967,338$1,015,000 p. 35−4.7%
3KAug 11, 2022$1,725,000$1,625,000 p. 35+6.2%
3LAug 12, 2022$1,895,000$1,795,000 p. 35+5.6%
4JAug 12, 2022$995,000$1,025,000 p. 35−2.9%
4LAug 12, 2022$1,967,794$1,825,000 p. 35+7.8%
1FAug 15, 2022$1,059,581$995,000 p. 35+6.5%
2KAug 16, 2022$1,680,000$1,600,000 p. 35+5%
3FAug 17, 2022$800,000$895,000 p. 35−10.6%
2CAug 18, 2022$1,110,038$975,000 p. 35+13.9%
4KAug 18, 2022$1,791,197$1,650,000 p. 35+8.6%
4HAug 19, 2022$1,575,000$1,550,000 p. 35+1.6%
4AAug 23, 2022$1,475,000$1,450,000 p. 35+1.7%
2GAug 24, 2022$1,967,794$1,650,000 p. 35+19.3%
2ASep 2, 2022$1,355,000$1,395,000 p. 35−2.9%
1GSep 9, 2022$1,100,000$1,025,000 p. 35+7.3%
1JSep 9, 2022$2,371,444$2,300,000 p. 35+3.1%
2JSep 23, 2022$935,000$995,000 p. 35−6%
4COct 3, 2022$995,000$1,025,000 p. 35−2.9%
2FOct 21, 2022$770,000$875,000 p. 35−12%
3COct 24, 2022$950,000$995,000 p. 35−4.5%
4FOct 27, 2022$829,000$925,000 p. 35−10.4%
1HNov 8, 2022$995,000$975,000 p. 35+2.1%
1KNov 23, 2022$2,291,063$2,200,000 p. 35+4.1%
1ADec 2, 2022$995,000$985,000 p. 35+1%
3EJan 31, 2023$1,650,000$1,695,000 p. 35−2.7%
3DMar 10, 2023$1,750,000$1,795,000 p. 35−2.5%
3GMar 10, 2023$1,790,000$1,675,000 p. 35+6.9%
1DMay 3, 2023$1,715,000$1,625,000 p. 35+5.5%
2BSep 28, 2023$1,550,000$1,595,000 p. 35−2.8%
2DOct 19, 2023$1,739,000$1,775,000 p. 35−2%
4EMay 7, 2024$1,685,000$1,725,000 p. 35−2.3%
1BJun 25, 2024$1,015,000$995,000 p. 35+2%
2ESep 18, 2024$1,620,000$1,675,000 p. 35−3.3%
4BNov 21, 2024$1,595,000$1,650,000 p. 35−3.3%
4MFeb 26, 2025$1,275,000$1,395,000 p. 35−8.6%
4DMay 13, 2025$1,800,000$1,825,000 p. 35−1.4%
1CSep 5, 2025$1,740,000$1,795,000 p. 35−3.1%
2MSep 5, 2025$1,295,000$1,350,000 p. 35−4.1%
1EMay 8, 2026$1,735,000$1,725,000 p. 35+0.6%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Dari Development LLC
Principals
David Rivlin
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection

From our research: Do NYC Developers Rehire the Same Firms?

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