THE CONDO BOOK PROJECT

101 Douglass Street Condominium

101 Douglas Street, Brooklyn, NY 11231

Overview

Units
3 residential
Subway
5 min walk to Bergen St F GCarroll St F G, 6 min
Developer
Build 360 LLC
Average $/sf
$2,018Homes in Schedule A, as first offered
Common charges
$761–$761 a monthSponsor's first-year estimate in Schedule A, For the First Year of Operation commencing June 1, 2022
Offering price
$7.45 million total

The sponsor of record is Douglass Park LLC, represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 310 pages. The sponsor has filed 2 amendments, the latest in July 2023. The nearest other condo plan on file is 103 Douglass Street Condominium, next door.

Plan CD210314 · New · accepted Sep 16, 2022 · AG record ↗

Compare

FigureThis building1Francesca24 units · 0.6 miaccepted 2022657 Baltic34 units · 0.7 miaccepted 2022
Common ChargesPer Square Foot / Month$0.62In line$0.65$0.56
Average Offering PricePer Apartment$2.48MHighest$1.8M$1.82M
Average PricePer Square Foot$2,018Above peers$1,951$1,764
Property TaxesPer Square Foot / Month$0.51In line$0.54$0.27
Average Unit SizeSquare Feet1,231 SFLargest923 SF1,035 SF

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Unit mix, closings, budgets, finishes and the team, against Francesca and 657 Baltic, 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 closed100% of the homes in Schedule A3 of 3
Closingsfirst and latest recordedMay 2, 2023 – Jan 10, 2024

Sales recorded with the Department of Finance (ACRIS) through May 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 3 closings
HomeRecordedClosing priceSchedule ADifference
3May 2, 2023$2,170,000——
2May 11, 2023$2,500,000——
1Jan 10, 2024$2,540,534——

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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
Douglass Park LLC
Developer
Build 360 LLC
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
Maxim Credit GroupLender on the mortgage and building loan agreement recorded April 2021 in ACRIS; $5 million recorded

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

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