THE CONDO BOOK PROJECT

Troutman Partners Condominium

109 Troutman Street, Brooklyn, NY 11206

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Overview

Units
8 residential
Subway
6 min walk to Central Av MMyrtle Av J M Z, 7 min
Principals
Arkadiy Nagorev
Average $/sf
$1,101Homes in Schedule A, as first offered
Common charges
$167–$660 a monthSponsor's first-year estimate in Schedule A, January 1, 2024 To December 31, 2024
Offering price
$5.92 million total $5.77 million when first offered

The sponsor of record is Troutman Partners LLC, represented by Eial Girtz, PC. The offering plan runs 274 pages. The sponsor has filed 2 amendments, the latest in May 2024. The nearest other condo plan on file is 148 Jefferson Street Condominium, next door.

Plan CD230054 · New · accepted Oct 13, 2023 · AG record ↗

Compare

FigureThis building11222 Putnam27 units · 1 miaccepted 2023Annabelle37 units · 1 miaccepted 2023
Common ChargesPer Square Foot / Month$0.58Below peers$0.63$0.62
Average Offering PricePer Apartment$740,000Above peers$707,714$729,143
Average PricePer Square Foot$1,101Below peers$1,113$1,135
Property TaxesPer Square Foot / Month$0.18Lowest$0.73$0.72
Average Unit SizeSquare Feet672 SFLarger636 SF642 SF

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Unit mix, closings, budgets, finishes and the team, against 1222 Putnam and Annabelle, 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: $5,891,481 at closing against $5,920,000 in Schedule A (p. 40)−0.5%
Average closing price8 homes, on their Schedule A square feet$1,096 / SF
Closingsfirst and latest recordedMar 29, 2024 – May 23, 2024

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 8 closings
HomeRecordedClosing priceSchedule ADifference
2AMar 29, 2024$585,494$575,000 p. 40+1.8%
4AApr 5, 2024$925,000$925,000 p. 400%
4BApr 12, 2024$850,000$850,000 p. 400%
1AApr 19, 2024$430,950$425,000 p. 40+1.4%
3BApr 22, 2024$750,000$750,000 p. 400%
2BApr 25, 2024$840,000$850,000 p. 40−1.2%
3AMay 3, 2024$560,038$550,000 p. 40+1.8%
1BMay 23, 2024$950,000$995,000 p. 40−4.5%

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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
Troutman Partners LLC
Principals
Arkadiy Nagorev
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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

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