THE CONDO BOOK PROJECT

110 President Street Condominium

110 President Street, Brooklyn, NY 11231

Overview

Units
5 residential
Subway
11 min walk to Carroll St F GSmith-9 Sts F G, 17 min
Offering price
$9.01 million total $8.32 million when first offered

The sponsor of record is 110 President Development LLC, represented by Lewis Kuper, Esq.. The sponsor has filed 3 amendments, the latest in February 2016. The nearest other condo plan on file is 118 President Street Condominium, next door.

Plan CD130280 · Conversion · accepted May 26, 2015 · AG record ↗

Closings Pro

Homes closed60% of the homes in the plan3 of 5
Closingsfirst and latest recordedJan 15, 2016 – Jul 21, 2016

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 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
2Jan 15, 2016$2,400,000——
4Jan 19, 2016$1,374,638——
1Jul 21, 2016$2,512,721——

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
110 President Development LLC
Construction lender
Titan Capital IDLender on the mortgage and building loan agreement recorded July 2014 in ACRIS; $3.2 million recorded

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

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