THE CONDO BOOK PROJECT

1025 Pacific Street Condominium

1025 Pacific Street, Brooklyn, NY 11238

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Overview

Units
8 residential · 2 commercial
Subway
8 min walk to Franklin Av C SClinton-Washington Avs C, 9 min
Principals
Elon Lebouvich
Average $/sf
$1,457Homes in Schedule A, as first offered
Offering price
$15.2 million total $14.6 million when first offered

The sponsor of record is 1025 - 1027 LLC, represented by Eial Girtz, PC. The offering plan runs 259 pages. The sponsor has filed 4 amendments, the latest in March 2026. The nearest other condo plan on file is Golden 1011 Condominium, next door.

Plan CD240112 · New · accepted Nov 20, 2024 · AG record ↗

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FigureThis building1James - Boutique Condominium Building28 units · 0.3 miaccepted 2024503 Clinton38 units · 0.4 miaccepted 2025
Common ChargesPer Square Foot / Month$0.62In line$0.49$0.76
Average Offering PricePer Apartment$1.56MIn line$1.58M$1.29M
Average PricePer Square Foot$1,457Below peers$1,612$1,494
Average Unit SizeSquare Feet1,073 SFLarger983 SF863 SF

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Unit mix, closings, budgets, finishes and the team, against James - Boutique Condominium Building and 503 Clinton, 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 A8 of 8
Closing prices vs. Schedule A8 homes: $10,761,489 at closing against $12,500,000 in Schedule A (p. 38)−13.9%
Average closing price8 homes, on their Schedule A square feet$1,254 / SF
Closingsfirst and latest recordedNov 24, 2025 – Jun 15, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 8 closings
HomeRecordedClosing priceSchedule ADifference
5ANov 24, 2025$895,000$1,065,000 p. 38−16%
4ANov 25, 2025$875,000$1,055,000 p. 38−17.1%
4BDec 11, 2025$1,185,000$1,405,000 p. 38−15.7%
3ADec 12, 2025$845,000$995,000 p. 38−15.1%
5BFeb 13, 2026$1,205,904$1,425,000 p. 38−15.4%
3BApr 6, 2026$1,170,585$1,385,000 p. 38−15.5%
6AJun 12, 2026$2,335,000$2,685,000 p. 38−13%
2AJun 15, 2026$2,250,000$2,485,000 p. 38−9.5%

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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
1025 - 1027 LLC
Principals
Elon Lebouvich
Tax estimate
Highpoint Incentive Inc.Prepared the first-year real estate tax projection
Construction lender
Golden Bridge$6 million loan stated in the plan

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

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