1015 President Street Condominium
1015 President Street, Brooklyn, NY 11225
Overview
- Units
- 8 residential
- Subway
- 3 min walk to Franklin Av-Medgar Evers College/Botanic Garden 2 3 4 5 SPresident St-Medgar Evers College 2 5, 8 min
- Principals
- Ariel Sholomov
- Common charges
- $405–$782 a monthSponsor's first-year estimate in Schedule A, January 1, 2023-December 31, 2023
- Offering price
- $7.03 million total $6.8 million when first offered
- Floor plans
- Page 38 of the plan
The sponsor of record is President St 1015 LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 391 pages. The sponsor has filed 2 amendments, the latest in August 2022. The nearest other condo plan on file is 1015a President Street Condominium, next door.
Plan CD220017 · Rehab · accepted Jun 7, 2022 · AG record ↗
Compare
| Figure | This building1 | 682 Hancock26 units · 1.9 miaccepted 2021 | 1230 Bedford38 units · 0.9 miaccepted 2021 |
|---|---|---|---|
| Average Offering PricePer Apartment | $818,750In line | $812,500 | $1.05M |
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Unit mix, closings, budgets, finishes and the team, against 682 Hancock and 1230 Bedford, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 8 of 8 |
| Closing prices vs. Schedule A8 homes: $7,125,376 at closing against $6,550,000 in Schedule A (p. 36) | +8.8% |
| Closingsfirst and latest recorded | Dec 21, 2022 – Mar 22, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2023: 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 8 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3F | Dec 21, 2022 | $893,076 | $795,000 p. 36 | +12.3% |
| 4R | Jan 6, 2023 | $1,105,000 | $995,000 p. 36 | +11.1% |
| 1R | Jan 9, 2023 | $895,000 | $895,000 p. 36 | 0% |
| 2R | Jan 9, 2023 | $807,300 | $750,000 p. 36 | +7.6% |
| 2F | Jan 12, 2023 | $880,000 | $750,000 p. 36 | +17.3% |
| 4F | Feb 1, 2023 | $1,125,000 | $995,000 p. 36 | +13.1% |
| 1F | Feb 14, 2023 | $560,000 | $575,000 p. 36 | −2.6% |
| 3R | Mar 22, 2023 | $860,000 | $795,000 p. 36 | +8.2% |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- President St 1015 LLC
- Principals
- Ariel Sholomov
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Quanta Finance$5.7 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 1015a President Street Condominiumnext door · 8 units · 2021
- 1019 President Street Condominiumnext door · 8 units · 2020
- 362 Eastern Parkway Condominiumnext door · 10 units · 2006
- 1000 Union Street Condominiumnext door · 20 units · 12 parking · 2020
- 382e Condominiumnext door · 45 units · 2016
- 359 Eastern Parkway Condominium0.1 mi · 2 units · 2016