THE CONDO BOOK PROJECT

111 Noble Gardens Condominium

111 Noble Street, Brooklyn, NY 11222

Overview

Units
2 residential
Subway
4 min walk to Greenpoint Av GNassau Av G, 8 min
Average $/sf
$2,165Homes in Schedule A, as first offered
Common charges
$1,133–$1,385 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
Offering price
$10 million total

The sponsor of record is 111 Noble LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 277 pages. The nearest other condo plan on file is 112 Greenpoint Condo, next door.

Plan CD210318 · Rehab · accepted Sep 27, 2022 · AG record ↗

Compare

FigureThis building1183 Kingsland23 units · 0.9 miaccepted 2023590 Lorimer33 units · 1 miaccepted 2023
Common ChargesPer Square Foot / Month$0.55In line$0.57$0.41
Average Offering PricePer Apartment$5MHighest$1.55M$1.73M
Average PricePer Square Foot$2,165Highest$1,714$1,430
Property TaxesPer Square Foot / Month$0.39Highest$0.24$0.10
Average Unit SizeSquare Feet2,310 SFLargest904 SF1,209 SF

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

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
111 Noble LLC
Tax estimate
RE Tax Service LLCPrepared the first-year real estate tax projection
Construction lender
Alpine Capital Bank$2.51 million recorded

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

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