110 Summit Street Condominium
110 Summit Street, Brooklyn, NY 11231
Overview
- Units
- 3 residential
- Subway
- 11 min walk to Carroll St F GSmith-9 Sts F G, 14 min
- Principals
- Gino Vitale, Paul Catanzaro
- Average $/sf
- $1,622Homes in Schedule A, as first offered
- Common charges
- $204–$407 a monthSponsor's first-year estimate in Schedule A, January 1, 2021 through December 31, 2021
- Offering price
- $5.8 million total
- Floor plans
- Page 56 of the plan
The sponsor of record is 110 Summit LLC, represented by Paul A. Leff, Esq.. The offering plan runs 280 pages. The sponsor has filed 1 amendment, the latest in June 2021. The nearest other condo plan on file is 112 Summit Street Condominium, next door.
Plan CD200155 · New · accepted Sep 14, 2020 · AG record ↗
Compare
| Figure | This building1 | 320 Sackett23 units · 0.4 miaccepted 2020 | 115 St. Marks Place33 units · 1.3 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.28Lowest | $0.49 | $0.41 |
| Average Offering PricePer Apartment | $1.93MIn line | $2.23M | $1.83M |
| Average PricePer Square Foot | $1,622Below peers | $1,672 | $1,700 |
| Property TaxesPer Square Foot / Month | $0.14Lowest | $0.62 | $0.43 |
| Average Unit SizeSquare Feet | 1,192 SFIn line | 1,333 SF | 1,079 SF |
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Unit mix, closings, budgets, finishes and the team, against 320 Sackett and 115 St. Marks Place, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 3 of 3 |
| Closing prices vs. Schedule A3 homes: $5,575,000 at closing against $5,800,000 in Schedule A (p. 29) | −3.9% |
| Average closing price3 homes, on their Schedule A square feet | $1,559 / SF |
| Closingsfirst and latest recorded | Oct 21, 2021 – Oct 29, 2021 |
Sales recorded with the Department of Finance (ACRIS) through Oct 31, 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 3 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| Unit 2 | Oct 21, 2021 | $1,250,000 | $1,400,000 p. 29 | −10.7% |
| Unit 3 | Oct 28, 2021 | $2,115,000 | $2,200,000 p. 29 | −3.9% |
| Unit 1 | Oct 29, 2021 | $2,210,000 | $2,200,000 p. 29 | +0.5% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 110 Summit LLC
- Principals
- Gino Vitale, Paul Catanzaro
- Counsel
- Paul A. Leff, Esq.
- Construction lender
- SBT Advantage Bank$2.98 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 112 Summit Street Condominiumnext door · 3 units · 2018
- 102 Summit Street Condominiumnext door · 3 units · 2022
- 100 Summit Street Condominiumnext door · 3 units · 2017
- 49-51 Woodhull Street Condominiumnext door · 10 units · 2009
- 35 Woodhull Street Condominiumnext door · 3 units · 2011
- 128 Summit Street Condominiumnext door · 3 units · 2026