THE CONDO BOOK PROJECT

114 6th Avenue Condominium

114 6th Avenue, Brooklyn, NY 11217

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Overview

Units
5 residential
Subway
3 min walk to Bergen St 2 37 Av B Q, 4 min
Principals
Jack Ezra Cattan
Average $/sf
$1,581Homes in Schedule A, as first offered
Common charges
$544–$871 a monthSponsor's first-year estimate in Schedule A, January 1, 2022 - December 31, 2022
Offering price
$14.2 million total $12.9 million when first offered

The sponsor of record is Augustine Real Estate Partners LLC, represented by Holland & Knight LLP. The offering plan runs 485 pages. The sponsor has filed 3 amendments, the latest in September 2022. The nearest other condo plan on file is 51 Park Place Condominium, next door.

Plan CD210227 · New · accepted Mar 21, 2022 · AG record ↗

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FigureThis building1257 13th24 units · 1.1 miaccepted 202141 Wyckoff34 units · 1 miaccepted 2022
Common ChargesPer Square Foot / Month$0.40In line$0.40$0.48
Average Offering PricePer Apartment$2.65MHighest$2.13M$2.05M
Average PricePer Square Foot$1,581Below peers$1,626$1,735
Property TaxesPer Square Foot / Month$0.46In line$0.58$0.34
Average Unit SizeSquare Feet1,676 SFLargest1,307 SF1,182 SF

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Unit mix, closings, budgets, finishes and the team, against 257 13th and 41 Wyckoff, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.

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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.

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Closings Pro

Homes closed100% of the homes in Schedule A5 of 5
Closing prices vs. Schedule A5 homes: $12,650,188 at closing against $13,250,000 in Schedule A (p. 79)−4.5%
Average closing price5 homes, on their Schedule A square feet$1,509 / SF
Closingsfirst and latest recordedAug 16, 2022 – Jun 21, 2023

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 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 5 closings
HomeRecordedClosing priceSchedule ADifference
EAug 16, 2022$2,550,000$2,550,000 p. 790%
CAug 30, 2022$2,800,188$2,600,000 p. 79+7.7%
BSep 12, 2022$2,800,000$2,800,000 p. 790%
DOct 21, 2022$2,250,000$2,350,000 p. 79−4.3%
AJun 21, 2023$2,250,000$2,950,000 p. 79−23.7%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page, here and in ChatGPT or Claude.

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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
Augustine Real Estate Partners LLC
Principals
Jack Ezra Cattan
Tax estimate
Goldberg Weprin Finkel Goldstein LLPPrepared the first-year real estate tax projection
Construction lender
Patch of Land Lending$6.12 million recorded

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

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