THE CONDO BOOK PROJECT

Sasoon

1198 Jefferson Avenue, Brooklyn, NY 11211

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Overview

Units
4 residential
Subway
9 min walk to Halsey St JWilson Av L, 13 min
Developer
Meadowland Group
Principals
Gay Sasoon
Average $/sf
$971Homes in Schedule A, as first offered
Common charges
$469–$681 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 – December 31, 2025
Offering price
$4.22 million total $3.96 million when first offered

The sponsor of record is 203 Halsey LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 356 pages. The sponsor has filed 2 amendments, the latest in June 2026. The nearest other condo plan on file is 1189 Jefferson Avenue Condominium, next door.

Plan CD240147 · Rehab · accepted Jan 3, 2025 · AG record ↗

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FigureThis building1935 Lafayette24 units · 1.1 miaccepted 2025The 140 Moffat Street35 units · 0.4 miaccepted 2025
Common ChargesPer Square Foot / Month$0.52Lowest$0.74$0.69
Average Offering PricePer Apartment$991,250In line$1.06M$851,800
Average PricePer Square Foot$971Below peers$1,039$1,058
Property TaxesPer Square Foot / Month$0.70Highest$0.46$0.38
Average Unit SizeSquare Feet1,021 SFIn line1,022 SF805 SF

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Unit mix, closings, budgets, finishes and the team, against 935 Lafayette and The 140 Moffat Street, 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 closed75% of the homes in Schedule A3 of 4
Closing prices vs. Schedule A3 homes: $3,010,464 at closing against $3,040,000 in Schedule A (p. 32)−1%
Average closing price3 homes, on their Schedule A square feet$973 / SF
Closingsfirst and latest recordedSep 15, 2025 – Jul 2, 2026

Sales recorded with the Department of Finance (ACRIS) through Jul 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
HomeRecordedClosing priceSchedule ADifference
PHSep 15, 2025$890,969$950,000 p. 32−6.2%
AMar 26, 2026$1,199,000$1,150,000 p. 32+4.3%
CJul 2, 2026$920,495$940,000 p. 32−2.1%

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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
203 Halsey LLC
Developer
Meadowland Group
Principals
Gay Sasoon
Tax estimate
RE Tax ServicePrepared the first-year real estate tax projection

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

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