THE CONDO BOOK PROJECT

113 Columbia Heights Condominium

113 Columbia Heights, Brooklyn, NY 11201

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Overview

Units
5 residential
Subway
5 min walk to Clark St 2 3High St A C, 7 min
Principals
Carlos Saavedra
Average $/sf
$1,982Homes in Schedule A, as first offered
Common charges
$226–$326 a monthSponsor's first-year estimate in Schedule A, July 1, 2022- June 30, 2023
Offering price
$13.4 million total $12.6 million when first offered

The sponsor of record is 113 Columbia Heights Condominium LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 299 pages. The sponsor has filed 2 amendments, the latest in August 2022. The nearest other condo plan on file is 109 Willow Street Condominium, next door.

Plan CD210221 · Rehab · accepted Jan 18, 2022 · AG record ↗

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FigureThis building158 Butler24 units · 1 miaccepted 202123 Wyckoff34 units · 0.9 miaccepted 2022
Common ChargesPer Square Foot / Month$0.20Lowest$0.33$0.52
Average Offering PricePer Apartment$2.69MAbove peers$2.49M$2.04M
Average PricePer Square Foot$1,982Above peers$1,882$1,934
Property TaxesPer Square Foot / Month$0.97Highest$0.54$0.54
Average Unit SizeSquare Feet1,356 SFLarger1,322 SF1,057 SF

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Unit mix, closings, budgets, finishes and the team, against 58 Butler and 23 Wyckoff, 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 Schedule A5 of 5
Closing prices vs. Schedule A5 homes: $13,892,081 at closing against $13,435,000 in Schedule A (p. 47)+3.4%
Average closing price5 homes, on their Schedule A square feet$2,049 / SF
Closingsfirst and latest recordedSep 26, 2022 – Oct 18, 2022

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 5 closings
HomeRecordedClosing priceSchedule ADifference
2Sep 26, 2022$3,266,400$3,100,000 p. 47+5.4%
3Sep 26, 2022$2,942,984$2,895,000 p. 47+1.7%
5Sep 30, 2022$2,367,431$2,295,000 p. 47+3.2%
4Oct 11, 2022$2,392,888$2,395,000 p. 47−0.1%
1Oct 18, 2022$2,922,378$2,750,000 p. 47+6.3%

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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
113 Columbia Heights Condominium LLC
Principals
Carlos Saavedra
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
S3 Capital$5.7 million recorded

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

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