THE CONDO BOOK PROJECT

Crown 12 Condominium

12-34 Crown Street, Brooklyn, NY 11225

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Overview

Units
85 residential · 1 commercial
Subway
7 min walk to Franklin Av-Medgar Evers College/Botanic Garden 2 3 4 5 SEastern Pkwy-Brooklyn Museum 2 3, 9 min
Principals
Joel Wiener, Sherry Wiener
Common charges
$190–$912 a monthSponsor's first-year estimate in Schedule A, July 1, 2018 - June 30, 2019
Offering price
$55.7 million total $74.9 million when first offered

The sponsor of record is 12 Realty Associates LLC, represented by Pryor Cashman, LLP. The offering plan runs 555 pages. The sponsor has filed 14 amendments, the latest in June 2024. The nearest other condo plan on file is 111 Montgomery Street Condominium, next door.

Plan CD160353 · Conversion · accepted Jan 5, 2018 · AG record ↗

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FigureThis building1Spencer Street282 units · 1.8 miaccepted 2020475 Washington360 units · 1.2 miaccepted 2019
Average Offering PricePer Apartment$891,095In line$729,024$1.15M

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Unit mix, closings, budgets, finishes and the team, against Spencer Street and 475 Washington, 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 closed99% of the homes in Schedule A84 of 85
Closing prices vs. Schedule A26 homes: $15,433,055 at closing against $21,932,000 in Schedule A (p. 57, p. 58, p. 59)−29.6%
Average closing price26 homes, on their Schedule A square feet$716 / SF
Closingsfirst and latest recordedOct 17, 2019 – Jul 31, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 84 closings
HomeRecordedClosing priceSchedule ADifference
F11Oct 17, 2019$352,500$406,000 p. 59−13.2%
B08Oct 24, 2019$540,000$731,000 p. 57−26.1%
B067Oct 25, 2019$520,000——
E09Oct 28, 2019$825,000$1,191,000 p. 58−30.7%
E15Oct 29, 2019$740,000$1,072,000 p. 59−31%
F14Oct 29, 2019$495,000$724,000 p. 59−31.6%
C02Oct 30, 2019$600,000$823,000 p. 57−27.1%
C08Nov 7, 2019$645,000$851,000 p. 58−24.2%
A11Nov 13, 2019$425,000$525,000 p. 57−19%
F05Nov 14, 2019$820,000$1,148,000 p. 59−28.6%
A05Nov 15, 2019$340,000$374,000 p. 57−9.1%
B12Dec 19, 2019$315,000$352,000 p. 57−10.5%
E03Dec 20, 2019$760,000$1,101,000 p. 58−31%
A06Dec 23, 2019$310,000$333,000 p. 57−6.9%
A14Feb 13, 2020$367,555$419,000 p. 57−12.3%
B11Feb 20, 2020$765,000$1,064,000 p. 57−28.1%
C05Apr 20, 2020$775,000$1,034,000 p. 57−25%
C04Dec 29, 2020$570,000$776,000 p. 57−26.5%
E01Feb 25, 2021$530,000$823,000 p. 58−35.6%
F01Feb 26, 2021$540,000$850,000 p. 59−36.5%
D05May 28, 2021$775,000$1,072,000 p. 58−27.7%
A09Jul 14, 2023$790,000$1,026,000 p. 57−23%
F02Aug 30, 2023$535,000$910,000 p. 59−41.2%
A12Jun 11, 2024$725,000$1,615,000 p. 57−55.1%
E04Sep 13, 2024$575,000$830,000 p. 58−30.7%
F08Dec 27, 2024$683,000$945,000 p. 59−27.7%
D10Jan 30, 2025$635,000$937,000 p. 58−32.2%
A02Jul 31, 2026$9,953,350one deed, 56 homes$727,000 p. 57—
A03Jul 31, 2026$9,953,350one deed, 56 homes$722,000 p. 57—
A04Jul 31, 2026$9,953,350one deed, 56 homes$957,000 p. 57—
A07Jul 31, 2026$9,953,350one deed, 56 homes$703,000 p. 57—
A08Jul 31, 2026$9,953,350one deed, 56 homes$788,000 p. 57—
A10Jul 31, 2026$9,953,350one deed, 56 homes$836,000 p. 57—
A15Jul 31, 2026$9,953,350one deed, 56 homes$752,000 p. 57—
B01Jul 31, 2026$9,953,350one deed, 56 homes$742,000 p. 57—
B02Jul 31, 2026$9,953,350one deed, 56 homes$794,000 p. 57—
B03Jul 31, 2026$9,953,350one deed, 56 homes$992,000 p. 57—
B04Jul 31, 2026$9,953,350one deed, 56 homes$749,000 p. 57—
B05Jul 31, 2026$9,953,350one deed, 56 homes$995,000 p. 57—
B09Jul 31, 2026$9,953,350one deed, 56 homes$819,000 p. 57—
B10Jul 31, 2026$9,953,350one deed, 56 homes$1,067,000 p. 57—
B14Jul 31, 2026$9,953,350one deed, 56 homes$1,468,000 p. 57—
B15Jul 31, 2026$9,953,350one deed, 56 homes$632,000 p. 57—
B16Jul 31, 2026$9,953,350one deed, 56 homes$967,000 p. 57—
BSMTJul 31, 2026$393,800——
C01Jul 31, 2026$9,953,350one deed, 56 homes$769,000 p. 57—
C03Jul 31, 2026$9,953,350one deed, 56 homes$1,028,000 p. 57—
C06Jul 31, 2026$9,953,350one deed, 56 homes$763,000 p. 58—
C07Jul 31, 2026$9,953,350one deed, 56 homes$759,000 p. 58—
C09Jul 31, 2026$9,953,350one deed, 56 homes$1,108,000 p. 58—
C10Jul 31, 2026$9,953,350one deed, 56 homes$1,105,000 p. 58—
C11Jul 31, 2026$9,953,350one deed, 56 homes$366,000 p. 58—
C12Jul 31, 2026$9,953,350one deed, 56 homes$1,521,000 p. 58—
C14Jul 31, 2026$9,953,350one deed, 56 homes$655,000 p. 58—
C15Jul 31, 2026$9,953,350one deed, 56 homes$1,002,000 p. 58—
D01Jul 31, 2026$9,953,350one deed, 56 homes$796,000 p. 58—
D02Jul 31, 2026$9,953,350one deed, 56 homes$852,000 p. 58—
D03Jul 31, 2026$9,953,350one deed, 56 homes$1,065,000 p. 58—
D04Jul 31, 2026$9,953,350one deed, 56 homes$803,000 p. 58—
D06Jul 31, 2026$9,953,350one deed, 56 homes$792,000 p. 58—
D07Jul 31, 2026$9,953,350one deed, 56 homes$788,000 p. 58—
D08Jul 31, 2026$9,953,350one deed, 56 homes$882,000 p. 58—
D09Jul 31, 2026$9,953,350one deed, 56 homes$1,150,000 p. 58—
D11Jul 31, 2026$9,953,350one deed, 56 homes$588,000 p. 58—
D12Jul 31, 2026$9,953,350one deed, 56 homes$1,797,000 p. 58—
D14Jul 31, 2026$9,953,350one deed, 56 homes$466,000 p. 58—
D15Jul 31, 2026$9,953,350one deed, 56 homes$1,037,000 p. 58—
E02Jul 31, 2026$9,953,350one deed, 56 homes$881,000 p. 58—
E05Jul 31, 2026$9,953,350one deed, 56 homes$1,110,000 p. 58—
E06Jul 31, 2026$9,953,350one deed, 56 homes$820,000 p. 58—
E07Jul 31, 2026$9,953,350one deed, 56 homes$816,000 p. 58—
E08Jul 31, 2026$9,953,350one deed, 56 homes$914,000 p. 58—
E10Jul 31, 2026$9,953,350one deed, 56 homes$970,000 p. 58—
E11Jul 31, 2026$9,953,350one deed, 56 homes$609,000 p. 58—
E12Jul 31, 2026$9,953,350one deed, 56 homes$1,628,000 p. 59—
E14Jul 31, 2026$9,953,350one deed, 56 homes$701,000 p. 59—
F03Jul 31, 2026$9,953,350one deed, 56 homes$1,137,000 p. 59—
F04Jul 31, 2026$9,953,350one deed, 56 homes$858,000 p. 59—
F06Jul 31, 2026$9,953,350one deed, 56 homes$848,000 p. 59—
F07Jul 31, 2026$9,953,350one deed, 56 homes$844,000 p. 59—
F09Jul 31, 2026$9,953,350one deed, 56 homes$1,232,000 p. 59—
F10Jul 31, 2026$9,953,350one deed, 56 homes$1,227,000 p. 59—
F12Jul 31, 2026$9,953,350one deed, 56 homes$1,681,000 p. 59—
F15Jul 31, 2026$9,953,350one deed, 56 homes$1,107,000 p. 59—

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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
12 Realty Associates LLC
Principals
Joel Wiener, Sherry Wiener
Construction lender
New York Community BankLender on the mortgage and building loan agreement recorded May 2014 in ACRIS; $8.77 million recorded

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

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