THE CONDO BOOK PROJECT

1070 Bergen Street Condominium

1070 Bergen Street, Brooklyn, NY 11216

Compare

Overview

Units
4 residential
Subway
7 min walk to Nostrand Av A CPark Pl S, 9 min
Principals
Rey Grabato
Average $/sf
$931Homes in Schedule A, as first offered
Common charges
$383–$500 a monthSponsor's first-year estimate in Schedule A, June 1, 2021 through May 31, 2022
Offering price
$4.45 million total $4.26 million when first offered

The sponsor of record is Bergen St Capital 1070, LLC, represented by Gabor & Marotta LLC. The offering plan runs 258 pages. The sponsor has filed 1 amendment, the latest in August 2021. The nearest other condo plan on file is Crown-Bergen Condominium, next door.

Plan CD200210 · Rehab · accepted Feb 16, 2021 · AG record ↗

Compare

FigureThis building1917 St. Marks24 units · 0.5 miaccepted 20201007 Bergen34 units · 0.2 miaccepted 2020
Common ChargesPer Square Foot / Month$0.36In line$0.64$0.25
Average Offering PricePer Apartment$1.07MBelow peers$1.22M$1.28M
Average PricePer Square Foot$931Below peers$1,002$1,100
Property TaxesPer Square Foot / Month$0.36In line$0.10$0.41
Average Unit SizeSquare Feet1,145 SFSmaller1,219 SF1,163 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 917 St. Marks and 1007 Bergen, cited to the offering plans. No credit card required.

Create a free account
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 A4 of 4
Closing prices vs. Schedule A4 homes: $4,348,178 at closing against $4,264,000 in Schedule A (p. 29)+2%
Average closing price4 homes, on their Schedule A square feet$950 / SF
Closingsfirst and latest recordedJan 21, 2022 – Feb 11, 2022

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 4 closings
HomeRecordedClosing priceSchedule ADifference
Unit 3Jan 21, 2022$1,094,619$1,049,000 p. 29+4.3%
Unit 1Feb 1, 2022$1,159,559$1,125,000 p. 29+3.1%
Unit 2Feb 4, 2022$1,019,000$995,000 p. 29+2.4%
Unit 4Feb 11, 2022$1,075,000$1,095,000 p. 29−1.8%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
Bergen St Capital 1070, LLC
Principals
Rey Grabato

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

Nearby