THE CONDO BOOK PROJECT

108 India Street Condominium

108 India Street, Brooklyn, NY 11222

Overview

Units
3 residential
Subway
1 min walk to Greenpoint Av GNassau Av G, 12 min
Developer
Investmates
Principals
Jakov Telyas
Average $/sf
$1,342Homes in Schedule A, as first offered
Common charges
$427–$539 a monthSponsor's first-year estimate in Schedule A, July 1, 2019 - June 30, 2020
Offering price
$7.33 million total $6.3 million when first offered

The sponsor of record is 108 India Street LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 315 pages. The sponsor has filed 4 amendments, the latest in May 2020. The nearest other condo plan on file is 112 India Street Condominium, next door.

Plan CD180283 · New · accepted Jun 4, 2019 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A3 of 3
Closing prices vs. Schedule A3 homes: $7,095,000 at closing against $6,700,000 in Schedule A (p. 30)+5.9%
Average closing price3 homes, on their Schedule A square feet$1,421 / SF
Closingsfirst and latest recordedJan 17, 2020 – Sep 1, 2020

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 2025: 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 3 closings
HomeRecordedClosing priceSchedule ADifference
3AJan 17, 2020$2,495,000$2,300,000 p. 30+8.5%
2AJan 27, 2020$2,125,000$1,900,000 p. 30+11.8%
1ASep 1, 2020$2,475,000$2,500,000 p. 30−1%

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
108 India Street LLC
Developer
Investmates
Principals
Jakov Telyas
Tax estimate
Danielle Pistola Sidiropoulos, Esq.Prepared the first-year real estate tax projection
Construction lender
108 India Street Debt$1.5 million recorded

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

Nearby