THE CONDO BOOK PROJECT

12 Lawton Street Condominium

12 Lawton Street, Brooklyn, NY 11221

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Overview

Units
7 residential
Subway
5 min walk to Kosciuszko St JMyrtle Av J M Z, 6 min
Principals
Yair Danziger
Average $/sf
$1,095Homes in Schedule A, as first offered
Common charges
$491–$1,498 a monthSponsor's first-year estimate in Schedule A, October 1, 2020 - September 30, 2021
Offering price
$4.28 million total

The sponsor of record is Aco Ventures Ii LLC, represented by Marans Weisz & Newman LLC. The offering plan runs 294 pages. The sponsor has filed 3 amendments, the latest in August 2022. The nearest other condo plan on file is 17 Dodworth Street Condominium, next door.

Plan CD190193 · New · accepted Jun 11, 2020 · AG record ↗

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FigureThis building1900 Willoughby27 units · 0.1 miaccepted 2020269 Malcolm X Boulevard38 units · 0.8 miaccepted 2020
Common ChargesPer Square Foot / Month$1.24Highest$0.78$0.61
Average Offering PricePer Apartment$610,714Below peers$652,200$621,538
Average PricePer Square Foot$1,095In line$1,145$1,083
Property TaxesPer Square Foot / Month$1.08In line$0.24$1.19
Average Unit SizeSquare Feet558 SFSmaller570 SF574 SF

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Unit mix, closings, budgets, finishes and the team, against 900 Willoughby and 269 Malcolm X Boulevard, 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 closed86% of the homes in Schedule A6 of 7
Closing prices vs. Schedule A6 homes: $3,138,000 at closing against $3,175,000 in Schedule A (p. 44)−1.2%
Average closing price6 homes, on their Schedule A square feet$1,016 / SF
Closingsfirst and latest recordedAug 30, 2021 – Aug 8, 2025

Sales recorded with the Department of Finance (ACRIS) through Nov 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 6 closings
HomeRecordedClosing priceSchedule ADifference
3AAug 30, 2021$489,000$500,000 p. 44−2.2%
4BSep 17, 2021$475,000$475,000 p. 440%
3BSep 30, 2021$475,000$500,000 p. 44−5%
2AOct 27, 2021$495,000$450,000 p. 44+10%
2BDec 7, 2021$455,000$450,000 p. 44+1.1%
4AAug 8, 2025$749,000$800,000 p. 44−6.4%

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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
Aco Ventures Ii LLC
Principals
Yair Danziger
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Webster Business Credit

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

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