THE CONDO BOOK PROJECT

110 Withers Street Condominium

110 Withers Street, Brooklyn, NY 11211

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Overview

Units
4 residential
Subway
6 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 7 min
Developer
Investmates
Principals
Jakov Telyas
Average $/sf
$1,610Homes in Schedule A, as first offered
Common charges
$464–$690 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 – December 31, 2023
Offering price
$7.53 million total

The sponsor of record is 110 Withers Street, LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 307 pages. The nearest other condo plan on file is Jackson Terrace Condominium, next door.

Plan CD220132 · Rehab · accepted Jan 23, 2023 · AG record ↗

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FigureThis building1590 Lorimer23 units · 0.2 miaccepted 2023183 Kingsland33 units · 0.5 miaccepted 2023
Common ChargesPer Square Foot / Month$0.48 ⚠In line$0.41$0.57
Average Offering PricePer Apartment$1.88MAbove peers$1.73M$1.55M
Average PricePer Square Foot$1,610In line$1,430$1,714
Average Unit SizeSquare Feet1,169 SFIn line1,209 SF904 SF

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Unit mix, closings, budgets, finishes and the team, against 590 Lorimer and 183 Kingsland, 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.

⚠ Read from a partly legible Schedule B.

Closings Pro

Homes closed100% of the homes in Schedule A4 of 4
Closing prices vs. Schedule A4 homes: $7,087,925 at closing against $7,525,000 in Schedule A (p. 29)−5.8%
Average closing price4 homes, on their Schedule A square feet$1,516 / SF
Closingsfirst and latest recordedAug 24, 2023 – May 1, 2024

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 4 closings
HomeRecordedClosing priceSchedule ADifference
2Aug 24, 2023$1,625,000$1,750,000 p. 29−7.1%
4Aug 24, 2023$1,883,763$1,900,000 p. 29−0.9%
1Oct 27, 2023$2,119,163$2,100,000 p. 29+0.9%
3May 1, 2024$1,460,000$1,775,000 p. 29−17.7%

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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
110 Withers Street, LLC
Developer
Investmates
Principals
Jakov Telyas
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
Crown BankLender on the mortgage and building loan agreement recorded June 2020 in ACRIS; $2.5 million recorded

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

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