THE CONDO BOOK PROJECT

1059 Manhattan Avenue Condominium

1059 Manhattan Avenue, Brooklyn, NY 11222

Overview

Units
23 residential · 8 storage · 1 commercial
Subway
4 min walk to Greenpoint Av GVernon Blvd-Jackson Av 7, 14 min
Offering price
$25.3 million total $20.1 million when first offered

The sponsor of record is 1059 Manhattan Gardens LLC, represented by The Law Office Of Jay Lichtman, P.C.. The sponsor has filed 6 amendments, the latest in February 2019. The nearest other condo plan on file is Freeman Collection F/K/A Freeman Haus, next door.

Plan CD150354 · New · accepted May 19, 2016 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan23 of 23
Closingsfirst and latest recordedJan 3, 2017 – Sep 20, 2019

Sales recorded with the Department of Finance (ACRIS) through Jan 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 23 closings
HomeRecordedClosing priceSchedule ADifference
3DJan 3, 2017$936,790——
6BJan 24, 2017$738,272——
4CJan 25, 2017$496,860——
2AJan 26, 2017$682,228one deed, 2 homes——
4DJan 26, 2017$978,851one deed, 2 homes——
5CJan 26, 2017$491,790——
3CFeb 3, 2017$476,580——
7BFeb 7, 2017$880,786one deed, 2 homes——
6AFeb 10, 2017$729,637——
6DFeb 16, 2017$1,119,675——
7CFeb 16, 2017$712,775one deed, 2 homes——
5BFeb 17, 2017$763,688——
6CFeb 27, 2017$491,790——
2BMar 9, 2017$682,228——
4BMay 8, 2017$763,688——
2CMay 10, 2017$534,581——
3BSep 6, 2017$733,140——
3ASep 15, 2017$733,140one deed, 2 homes——
5DOct 27, 2017$997,885——
5AOct 25, 2018$743,000——
4ADec 12, 2018$738,231——
7AApr 30, 2019$1,608,835one deed, 2 homes——
2DSep 20, 2019$984,041——

Pro

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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Team

Sponsor
1059 Manhattan Gardens LLC
Construction lender
Doral BankLender on the mortgage and building loan agreement recorded August 2014 in ACRIS; $6.58 million recorded

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

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