114 Lexington Avenue Condominium
114 Lexington Avenue, Brooklyn, NY 11238
Overview
- Units
- 16 residential · 10 parking
- Subway
- 6 min walk to Classon Av GBedford-Nostrand Avs G, 6 min
- Principals
- Ariel Sholomov, Yair Yaish
- Average $/sf
- $1,273Homes in Schedule A, as first offered
- Common charges
- $249–$666 a monthSponsor's first-year estimate in Schedule A, October 1, 2023-September 30, 2024
- Offering price
- $19.9 million total $19.5 million when first offered
- Floor plans
- Page 35 of the plan
The sponsor of record is 114 Lexington Condominiums LLC, represented by Law Office Of Jay Lichtman, P.C.. The offering plan runs 367 pages. The sponsor has filed 3 amendments, the latest in November 2023. The nearest other condo plan on file is 120 Lexington Avenue Condominium, next door.
Plan CD220207 · New · accepted Feb 28, 2023 · AG record ↗
Compare
| Figure | This building1 | 590 Myrtle214 units · 0.5 miaccepted 2023 | Elysium312 units · 2 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.46In line | $0.45 | $0.87 |
| Average Offering PricePer Apartment | $1.19MAbove peers | $1.14M | $1.07M |
| Average PricePer Square Foot | $1,273Above peers | $1,063 | $1,187 |
| Property TaxesPer Square Foot / Month | $1.03In line | $1.03 | $0.84 |
| Average Unit SizeSquare Feet | 934 SFIn line | 1,077 SF | 898 SF |
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Unit mix, closings, budgets, finishes and the team, against 590 Myrtle and Elysium, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 16 of 16 |
| Closing prices vs. Schedule A16 homes: $19,658,601 at closing against $19,025,000 in Schedule A (p. 34) | +3.3% |
| Average closing price16 homes, on their Schedule A square feet | $1,315 / SF |
| Closingsfirst and latest recorded | Sep 6, 2023 – May 1, 2024 |
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 16 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| PH3 | Sep 6, 2023 | $1,745,786 | $1,645,000 p. 34 | +6.1% |
| 402 | Sep 11, 2023 | $1,260,000 | $1,195,000 p. 34 | +5.4% |
| 301 | Sep 12, 2023 | $1,085,000 | $1,085,000 p. 34 | 0% |
| 403 | Sep 12, 2023 | $1,175,000 | $1,175,000 p. 34 | 0% |
| 204 | Sep 13, 2023 | $1,059,581 | $1,050,000 p. 34 | +0.9% |
| 303 | Sep 13, 2023 | $1,360,000 | $1,305,000 p. 34 | +4.2% |
| 404 | Sep 13, 2023 | $1,100,000 | $1,115,000 p. 34 | −1.3% |
| PH2 | Sep 19, 2023 | $885,000 | $845,000 p. 34 | +4.7% |
| 201 | Sep 20, 2023 | $1,150,623 | $1,050,000 p. 34 | +9.6% |
| 302 | Sep 20, 2023 | $1,340,000 | $1,275,000 p. 34 | +5.1% |
| 203 | Sep 21, 2023 | $1,245,000 | $1,225,000 p. 34 | +1.6% |
| 401 | Sep 22, 2023 | $1,100,000 | $1,115,000 p. 34 | −1.3% |
| PH1 | Sep 26, 2023 | $1,947,611 | $1,865,000 p. 34 | +4.4% |
| 304 | Oct 13, 2023 | $1,085,000 | $1,085,000 p. 34 | 0% |
| 202 | Nov 1, 2023 | $1,395,000 | $1,245,000 p. 34 | +12% |
| 101 | May 1, 2024 | $725,000 | $750,000 p. 34 | −3.3% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 114 Lexington Condominiums LLC
- Principals
- Ariel Sholomov, Yair Yaish
- Tax estimate
- Berish LichtmanPrepared the first-year real estate tax projection
- Construction lender
- Quanta Finance$8.3 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 120 Lexington Avenue Condominiumnext door · 6 units · 2006
- 354 Franklin Avenue Condominiumsnext door · 6 units
- 354 Franklin Avenue Condominiumsnext door · 6 units · 2020
- 97 Quincy Street Condominiumnext door · 6 units · 2019
- 95 Quincy Street Condominiumnext door · 6 units · 2022
- 93 Quincy Street Condominiumnext door · 6 units · 2020