THE CONDO BOOK PROJECT

1094 Madison Street Condominium

1094 Madison Street, Brooklyn, NY 11221

Overview

Units
8 residential
Subway
10 min walk to Gates Av J ZHalsey St J, 11 min
Offering price
$4.09 million total $2.92 million when first offered

The sponsor of record is Madison Upreal LLC, represented by Marans, Weisz & Newman, LLC. The sponsor has filed 4 amendments, the latest in April 2016. The nearest other condo plan on file is 1229 Putnam Avenue Condominium, next door.

Plan CD140343 · New · accepted Apr 10, 2015 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan8 of 8
Closingsfirst and latest recordedMar 9, 2016 – Apr 27, 2016

Sales recorded with the Department of Finance (ACRIS) through Jul 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
4AMar 9, 2016$427,401——
2BMar 18, 2016$477,848——
2AMar 22, 2016$410,670——
1BMar 24, 2016$605,859——
3AMar 25, 2016$430,950——
3BMar 25, 2016$455,286——
4BMar 25, 2016$485,706——
1AApr 27, 2016$479,000——

Pro

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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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Team

Sponsor
Madison Upreal LLC
Construction lenders
Evenchen, Giesi 1969Lender on the mortgage and building loan agreement recorded May 2014 in ACRIS; $1.55 million recorded

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

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