THE CONDO BOOK PROJECT

Ten27 Condominium

1027 Bushwick Avenue, Brooklyn, NY 11221

Overview

Units
20 residential
Subway
3 min walk to Gates Av J ZKosciuszko St J, 10 min
Principals
Quan Lin
Average $/sf
$1,154Homes in Schedule A, as first offered
Common charges
$253–$556 a monthSponsor's first-year estimate in Schedule A, January 1, 2026 to December 31, 2026
Offering price
$16.8 million total $17 million when first offered

The sponsor of record is 1027 Bk LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 306 pages. The sponsor has filed 1 amendment, the latest in October 2025. The nearest other condo plan on file is 68 Grove Street Condominium, next door.

Plan CD250107 · New · accepted Sep 5, 2025 · AG record ↗

Compare

FigureThis building1Stanhope Foundry210 units · 0.6 miaccepted 2025107 Schaefer316 units · 0.6 miaccepted 2026
Common ChargesPer Square Foot / Month$0.59Lowest$0.81$0.84
Average Offering PricePer Apartment$822,000Above peers$786,000$729,375
Average PricePer Square Foot$1,154Above peers$1,135$1,136
Property TaxesPer Square Foot / Month$0.48Below peers$0.49$1.35
Average Unit SizeSquare Feet712 SFLarger692 SF642 SF

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Unit mix, closings, budgets, finishes and the team, against Stanhope Foundry and 107 Schaefer, 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 closed80% of the homes in Schedule A16 of 20
Closing prices vs. Schedule A16 homes: $12,948,596 at closing against $12,975,000 in Schedule A (p. 38)−0.2%
Average closing price16 homes, on their Schedule A square feet$1,164 / SF
Closingsfirst and latest recordedApr 2, 2026 – Jul 31, 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 16 closings
HomeRecordedClosing priceSchedule ADifference
6BApr 2, 2026$700,000$725,000 p. 38−3.4%
6CApr 2, 2026$1,250,000$1,250,000 p. 380%
5AApr 17, 2026$758,596$745,000 p. 38+1.8%
5CApr 22, 2026$675,000$675,000 p. 380%
6AApr 30, 2026$790,000$765,000 p. 38+3.3%
2AMay 1, 2026$695,000$695,000 p. 380%
2CMay 4, 2026$615,000$625,000 p. 38−1.6%
4AMay 5, 2026$735,000$735,000 p. 380%
4DMay 5, 2026$975,000$975,000 p. 380%
5DMay 6, 2026$995,000$1,000,000 p. 38−0.5%
3AMay 8, 2026$725,000$725,000 p. 380%
5BMay 11, 2026$975,000$975,000 p. 380%
3CMay 20, 2026$655,000$655,000 p. 380%
1AJun 22, 2026$525,000$525,000 p. 380%
4BJul 22, 2026$960,000$960,000 p. 380%
3BJul 31, 2026$920,000$945,000 p. 38−2.6%

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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.

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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
1027 Bk LLC
Principals
Quan Lin
Tax estimate
SJP Tax Consultants Inc.Prepared the first-year real estate tax projection
Construction lender
Ponce BankLender on the mortgage and building loan agreement recorded November 2024 in ACRIS; $9.51 million recorded

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

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