THE CONDO BOOK PROJECT

115 St. Marks Place Condominium

115 St. Marks Place, Brooklyn, NY 11215

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Overview

Units
3 residential
Subway
4 min walk to Bergen St 2 3Atlantic Av-Barclays Ctr 2 3 4 5 B D N Q R, 5 min
Principals
David Ettedgui, Farhad Bokhour, Zohar Zauber
Average $/sf
$1,700Homes in Schedule A, as first offered
Common charges
$334–$641 a monthSponsor's first-year estimate in Schedule A, Commencing on October 1, 2020
Offering price
$5.59 million total $5.5 million when first offered

The sponsor of record is 115 St. Marks LLC, represented by Raphael And Marks Attorneys At Law. The offering plan runs 291 pages. The sponsor has filed 2 amendments, the latest in February 2021. The nearest other condo plan on file is 113 St. Marks Place Condominium, next door.

Plan CD200090 · New · accepted Sep 15, 2020 · AG record ↗

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FigureThis building1320 Sackett23 units · 0.9 miaccepted 2020110 Summit33 units · 1.3 miaccepted 2020
Common ChargesPer Square Foot / Month$0.41In line$0.49$0.28
Average Offering PricePer Apartment$1.83MBelow peers$2.23M$1.93M
Average PricePer Square Foot$1,700Above peers$1,672$1,622
Property TaxesPer Square Foot / Month$0.43In line$0.62$0.14
Average Unit SizeSquare Feet1,079 SFSmaller1,333 SF1,192 SF

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Unit mix, closings, budgets, finishes and the team, against 320 Sackett and 110 Summit, 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 A3 of 3
Closing prices vs. Schedule A3 homes: $5,278,000 at closing against $5,500,000 in Schedule A (p. 32)−4%
Average closing price3 homes, on their Schedule A square feet$1,631 / SF
Closingsfirst and latest recordedMar 23, 2021 – Mar 26, 2021

Sales recorded with the Department of Finance (ACRIS) through Oct 31, 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 3 closings
HomeRecordedClosing priceSchedule ADifference
2Mar 23, 2021$1,395,000$1,600,000 p. 32−12.8%
1Mar 26, 2021$2,295,000$2,200,000 p. 32+4.3%
3Mar 26, 2021$1,588,000$1,700,000 p. 32−6.6%

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Closings are for subscribers

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
115 St. Marks LLC
Principals
David Ettedgui, Farhad Bokhour, Zohar Zauber
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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

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