119 Congress Street Condominium
119 Congress Street, Brooklyn, NY 11201
Overview
- Units
- 3 residential
- Subway
- 9 min walk to Bergen St F GBorough Hall/Court St 2 3 4 5 R, 12 min
- Common charges
- $462–$990 a monthSponsor's first-year estimate in Schedule A, April 1, 2020- March 31, 2021
- Offering price
- $8.85 million total
- Floor plans
- Page 31 of the plan
The sponsor of record is Bkny 119 Congress, LLC, represented by Law Firm Of Jay Lichtman P.C.. The offering plan runs 348 pages. The sponsor has filed 1 amendment, the latest in February 2021. The nearest other condo plan on file is Cobble Hill House F/K/A 78 Amity Street Condominium, next door.
Plan CD190160 · Rehab · accepted Apr 30, 2020 · AG record ↗
Compare
| Figure | This building1 | 184 Lincoln Place22 units · 1.6 miaccepted 2020 | 577 5th32 units · 1.9 miaccepted 2020 |
|---|---|---|---|
| Average Offering PricePer Apartment | $2.95MIn line | $2.85M | $3M |
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Unit mix, closings, budgets, finishes and the team, against 184 Lincoln Place and 577 5th, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 3 of 3 |
| Closing prices vs. Schedule A3 homes: $9,397,488 at closing against $8,850,000 in Schedule A (p. 30) | +6.2% |
| Closingsfirst and latest recorded | Aug 24, 2021 – Sep 24, 2021 |
Sales recorded with the Department of Finance (ACRIS) through Jan 31, 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 3 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2 | Aug 24, 2021 | $2,135,000 | $2,100,000 p. 30 | +1.7% |
| 3 | Aug 24, 2021 | $2,698,363 | $2,550,000 p. 30 | +5.8% |
| 1 | Sep 24, 2021 | $4,564,125 | $4,200,000 p. 30 | +8.7% |
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
- Bkny 119 Congress, LLC
- Tax estimate
- Mazursky Group, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Emerald Creek Capital$5.43 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Cobble Hill House F/K/A 78 Amity Street Condominiumnext door · 27 units · 29 parking · 2018
- Arches At Cobble Hill Condominiumnext door · 59 units · 2003
- Polhemus Residences Condominiumnext door · 17 units · 2016
- 122 Amity Street Condominiumnext door · 4 units · 2002
- 100 Congress Condominiumnext door · 38 units · 24 parking · 2010
- 5 River Park Condominiumnext door · 25 units · 18 parking · 2018