THE CONDO BOOK PROJECT

118 Douglass Street Condominium

118 Douglass Street, Brooklyn, NY 11231

Compare

Overview

Units
2 residential
Subway
6 min walk to Bergen St F GCarroll St F G, 6 min
Principals
Omri Bar-Mashiah
Average $/sf
$1,739Homes in Schedule A, as first offered
Offering price
$5.25 million total $4.2 million when first offered

The sponsor of record is 118 Douglass LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 289 pages. The sponsor has filed 1 amendment, the latest in April 2021. The nearest other condo plan on file is 103 Douglass Street Condominium, next door.

Plan CD200205 · New · accepted Jan 27, 2021 · AG record ↗

Compare

FigureThis building199 Douglass23 units · 0 miaccepted 202040 Douglass33 units · 0.2 miaccepted 2020
Common ChargesPer Square Foot / Month$0.30Highest$0.24$0.23
Average Offering PricePer Apartment$2.63MIn line$2.4M$2.86M
Average PricePer Square Foot$1,739Above peers$1,579$1,657
Average Unit SizeSquare Feet1,510 SFSmaller1,520 SF1,725 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 99 Douglass and 40 Douglass, cited to the offering plans. No credit card required.

Create a free account
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 A2 of 2
Closing prices vs. Schedule A2 homes: $4,963,551 at closing against $5,250,000 in Schedule A (p. 39)−5.5%
Average closing price2 homes, on their Schedule A square feet$1,644 / SF
Closingsfirst and latest recordedDec 15, 2021 – Dec 22, 2021

Sales recorded with the Department of Finance (ACRIS) through Jun 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 2 closings
HomeRecordedClosing priceSchedule ADifference
2Dec 15, 2021$2,687,763$2,750,000 p. 39−2.3%
1Dec 22, 2021$2,275,789$2,500,000 p. 39−9%

Pro

Closings are for subscribers

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

Subscribe to seeAlready a member? Sign in

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
118 Douglass LLC
Principals
Omri Bar-Mashiah
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
S3 Capital$2.2 million loan stated in the plan

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

Nearby