THE CONDO BOOK PROJECT

117 Powers Street Condominium

117 Powers Street, Brooklyn, NY 11211

Overview

Units
7 residential
Subway
5 min walk to Graham Av LMetropolitan Av/Lorimer St G L, 5 min
Principals
Meir Daus, Elad Ben-Kimon
Average $/sf
$1,658Homes in Schedule A, as first offered
Common charges
$294–$660 a monthSponsor's first-year estimate in Schedule A, July 1, 2026 to June 30, 2027
Offering price
$8.22 million total

The sponsor of record is 117 Powers LLC, represented by Eial Girtz, PC. The offering plan runs 275 pages. The sponsor has filed 1 amendment, the latest in June 2026. The nearest other condo plan on file is 245 Manhattan Avenue Condominiums, next door.

Plan CD250324 · New · accepted Mar 12, 2026 · AG record ↗

Compare

FigureThis building1176 Frost27 units · 0.4 miaccepted 2026204 Withers37 units · 0.4 miaccepted 2025
Common ChargesPer Square Foot / Month$0.61Below peers$0.62$0.68
Average Offering PricePer Apartment$1.17MIn line$1.38M$1.05M
Average PricePer Square Foot$1,658In line$1,742$1,470
Property TaxesPer Square Foot / Month$0.53In line$0.98$0.38
Average Unit SizeSquare Feet708 SFSmaller791 SF717 SF

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Unit mix, closings, budgets, finishes and the team, against 176 Frost and 204 Withers, 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
117 Powers LLC
Principals
Meir Daus, Elad Ben-Kimon
Tax estimate
RE Tax Service LLCPrepared the first-year real estate tax projection
Construction lender
Genesis Capital$3.45 million loan stated in the plan

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

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