THE CONDO BOOK PROJECT

111 Montgomery Street Condominium

111 Montgomery Street, Brooklyn, NY 11225

Overview

Units
163 residential · 19 parking · 123 storage
Subway
8 min walk to Franklin Av-Medgar Evers College/Botanic Garden 2 3 4 5 SProspect Park B Q S, 9 min
Developers
CIM Group, LIVWRK
Principals
Asher Abehsera, David Brecher
Offering price
$152.5 million total $149.2 million when first offered

The sponsor of record is 109 Montgomery Owner LLC **, represented by Starr Associates, LLP. The offering plan runs 431 pages. The sponsor has filed 12 amendments, the latest in April 2023. The nearest other condo plan on file is Crown 12 Condominium, next door.

Plan CD180265 · New · accepted Feb 7, 2019 · AG record ↗

Compare

FigureThis building1The Brooklyn Grove2184 units · 1.8 miaccepted 2018567 Ocean3108 units · 1.2 miaccepted 2019
Average Offering PricePer Apartment$915,212In line$1.06M$677,778

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Unit mix, closings, budgets, finishes and the team, against The Brooklyn Grove and 567 Ocean, 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 the plan163 of 163
Closingsfirst and latest recordedAug 10, 2020 – Jan 23, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 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 165 closings
HomeRecordedClosing priceSchedule ADifference
2RAug 10, 2020$645,000——
7ADec 23, 2020$692,500——
1AJan 7, 2021$699,000——
3MJan 7, 2021$701,000——
4NJan 11, 2021$570,000——
9RJan 12, 2021$1,275,000——
8LJan 14, 2021$795,000——
7LJan 25, 2021$802,226——
2EFeb 4, 2021$925,000——
1EFeb 12, 2021$1,125,000——
8AFeb 17, 2021$665,000——
9DFeb 24, 2021$865,000——
6LMar 2, 2021$790,000——
4EMar 8, 2021$967,338——
1QMar 22, 2021$650,000——
1NMar 29, 2021$702,710——
4PApr 1, 2021$633,815——
2NApr 5, 2021$569,497——
3GApr 5, 2021$700,000——
3CApr 8, 2021$515,000——
3AApr 19, 2021$640,000——
4BApr 29, 2021$669,512——
6HApr 29, 2021$1,130,000——
3LMay 4, 2021$710,000——
3JMay 5, 2021$960,000——
3DMay 24, 2021$495,000——
11HMay 28, 2021$1,285,000——
4GJun 8, 2021$710,000——
5PJun 8, 2021$653,000——
5HJun 15, 2021$1,090,000——
6KJun 15, 2021$780,000——
4HJun 16, 2021$1,040,000——
1RJun 17, 2021$800,000——
12NJun 23, 2021$1,200,000——
2LJul 1, 2021$735,000——
5EJul 1, 2021$1,040,000——
8QJul 14, 2021$555,000——
3EJul 19, 2021$975,000——
8HJul 28, 2021$1,204,000——
2HAug 3, 2021$985,000——
4JAug 13, 2021$999,000——
3HAug 18, 2021$999,000——
3BAug 26, 2021$699,000——
1MSep 14, 2021$1,260,000——
8GSep 15, 2021$800,000——
1LSep 22, 2021$999,000——
3PSep 28, 2021$650,000——
5GSep 28, 2021$730,000——
2PSep 29, 2021$640,000——
8KSep 29, 2021$864,000——
6POct 13, 2021$690,000——
5JOct 19, 2021$1,030,000——
3ROct 22, 2021$679,000——
7KNov 5, 2021$845,000——
2FNov 17, 2021$675,000——
2CNov 23, 2021$485,000——
2ADec 8, 2021$610,000——
5QDec 16, 2021$530,000——
10GDec 16, 2021$860,000——
1CJan 14, 2022$1,200,000——
5AJan 20, 2022$667,000——
4AFeb 10, 2022$643,000——
5KFeb 17, 2022$785,000——
3KMar 14, 2022$770,000——
4KMar 17, 2022$783,000——
8MMar 18, 2022$750,000——
9HMar 31, 2022$1,350,000——
2KApr 18, 2022$784,053——
6JApr 21, 2022$1,100,000——
5BMay 2, 2022$725,000——
2QMay 9, 2022$475,000——
8PMay 12, 2022$720,000——
9BMay 19, 2022$1,305,000——
5NMay 20, 2022$635,000——
8NMay 26, 2022$675,000——
6AMay 27, 2022$685,000——
7JJun 2, 2022$1,120,000——
7PJun 2, 2022$710,000——
7HJun 3, 2022$1,153,303——
4LJun 8, 2022$792,000——
2MJun 13, 2022$690,000——
2BJun 14, 2022$690,000——
4FJun 21, 2022$754,000——
4QJun 21, 2022$510,000——
5MJun 23, 2022$725,000——
9JJun 23, 2022$1,175,000——
7MJun 30, 2022$784,053——
7BJul 6, 2022$755,000——
7NJul 8, 2022$655,000——
5RJul 11, 2022$700,000——
4MJul 25, 2022$715,000——
6MJul 26, 2022$740,000——
6BJul 28, 2022$745,000——
10DAug 15, 2022$928,000——
8JAug 24, 2022$1,180,000——
12DAug 29, 2022$955,000——
6GAug 31, 2022$775,000——
9GAug 31, 2022$832,500——
12HAug 31, 2022$1,090,000——
8ESep 16, 2022$1,110,000——
8RSep 19, 2022$753,000——
5LSep 22, 2022$800,000——
3NOct 14, 2022$590,000——
6NOct 17, 2022$664,004——
10BOct 17, 2022$1,150,000——
3QOct 21, 2022$539,882——
8BNov 3, 2022$810,000——
7QNov 10, 2022$550,000——
2DNov 14, 2022$480,000——
7ENov 17, 2022$1,075,000——
1BDec 2, 2022$970,000——
6RDec 8, 2022$712,000——
12BDec 14, 2022$1,240,000——
7GDec 19, 2022$790,000——
11LJan 13, 2023$1,520,000——
12MJan 17, 2023$1,175,000——
3FFeb 2, 2023$761,000——
10LFeb 3, 2023$1,207,500——
2GFeb 6, 2023$681,559——
4CFeb 17, 2023$475,000——
11FMar 1, 2023$1,125,000——
12LMar 6, 2023$1,580,000——
10NMar 14, 2023$1,050,000——
9NMar 16, 2023$1,015,000——
12RMar 24, 2023$1,230,000——
10RMar 29, 2023$1,175,000——
5FApr 12, 2023$767,000——
6EApr 14, 2023$1,050,000——
9LApr 25, 2023$1,235,000——
6FApr 28, 2023$790,000——
7FMay 8, 2023$784,000——
4RMay 11, 2023$690,000——
4DMay 12, 2023$486,720——
11DMay 16, 2023$949,000——
6QMay 17, 2023$550,000——
11RMay 17, 2023$1,195,000——
9EJun 1, 2023$1,120,000——
10JJun 6, 2023$1,055,000——
10HJun 20, 2023$1,350,000——
6CJun 22, 2023$503,000——
10MJun 27, 2023$1,160,000——
5DJul 14, 2023$494,000——
5CJul 17, 2023$505,000——
7RJul 20, 2023$726,000——
11JAug 8, 2023$989,584——
11BAug 16, 2023$1,200,000——
8DAug 17, 2023$530,000——
8CAug 23, 2023$530,000——
12JAug 28, 2023$989,000——
8FAug 31, 2023$804,000——
10FSep 6, 2023$830,000——
11NSep 11, 2023$1,095,000——
6DSep 14, 2023$508,000——
10EOct 12, 2023$1,145,531——
7COct 23, 2023$524,399——
7DOct 27, 2023$527,299——
9FJan 12, 2024$814,000——
12FMar 21, 2024$1,184,070——
11MApr 8, 2024$1,165,000——
12EApr 8, 2024$1,165,000——
9MJun 14, 2024$1,150,000——
11EAug 1, 2024$1,130,000——
PSOct 22, 2025$40,000one deed, 2 homes——
ST523Oct 22, 2025$40,000one deed, 2 homes——
2JJan 23, 2026$1,061,630——

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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
109 Montgomery Owner LLC **
Developers
CIM Group, LIVWRKReported by cooperatornews.com
Principals
Asher Abehsera, David Brecher
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Bank OZK$57 million recorded

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

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