120 Java Street Condominium
120 Java Street, Brooklyn, NY 11222
Overview
- Units
- 15 residential
- Subway
- 3 min walk to Greenpoint Av GNassau Av G, 11 min
- Developer
- SL Development
- Principals
- Page Leidy, Ray Steffen
- Average $/sf
- $1,428Homes in Schedule A, as first offered
- Common charges
- $418–$1,297 a monthSponsor's first-year estimate in Schedule A, Twelve Month Period Commencing September 1, 2020 and Ending August 31, 2021 ("First Year")
- Offering price
- $22.6 million total $21.8 million when first offered
- Floor plans
- Page 236 of the plan
The sponsor of record is 120 Java, LLC, represented by D'Agostino, Levine, Landesman, Et Al, LLP. The offering plan runs 545 pages. The sponsor has filed 6 amendments, the latest in August 2022. The nearest other condo plan on file is 111 Java Street Condominium, next door.
Plan CD190314 · New · accepted Jun 26, 2020 · AG record ↗
Compare
| Figure | This building1 | Box Street Condominiums216 units · 0.4 miaccepted 2020 | 153 Green310 units · 0.2 miaccepted 2021 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.80Highest | $0.51 | $0.44 |
| Average Offering PricePer Apartment | $1.43MIn line | $957,813 | $1.72M |
| Average PricePer Square Foot | $1,428Above peers | $1,325 | $1,353 |
| Property TaxesPer Square Foot / Month | $0.45Lowest | $0.99 | $1.17 |
| Average Unit SizeSquare Feet | 998 SFIn line | 723 SF | 1,271 SF |
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Unit mix, closings, budgets, finishes and the team, against Box Street Condominiums and 153 Green, cited to the offering plans. No credit card required.
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- 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 | 15 of 15 |
| Closing prices vs. Schedule A15 homes: $22,753,345 at closing against $21,375,000 in Schedule A (p. 63) | +6.4% |
| Average closing price15 homes, on their Schedule A square feet | $1,520 / SF |
| Closingsfirst and latest recorded | Jul 29, 2022 – Jan 12, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Aug 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 15 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4A | Jul 29, 2022 | $1,218,500 | $1,075,000 p. 63 | +13.3% |
| 3C | Aug 2, 2022 | $1,225,464 | $1,125,000 p. 63 | +8.9% |
| PH-B | Aug 3, 2022 | $2,460,000 | $2,325,000 p. 63 | +5.8% |
| PH-A | Aug 4, 2022 | $2,432,090 | $2,300,000 p. 63 | +5.7% |
| 4B | Aug 8, 2022 | $1,740,000 | $1,700,000 p. 63 | +2.4% |
| 3A | Aug 16, 2022 | $1,095,000 | $1,090,000 p. 63 | +0.5% |
| 1D | Aug 18, 2022 | $2,567,008 | $2,100,000 p. 63 | +22.2% |
| 2B | Aug 19, 2022 | $1,078,500 | $1,065,000 p. 63 | +1.3% |
| 3B | Aug 23, 2022 | $2,511,964 | $2,125,000 p. 63 | +18.2% |
| 1B | Aug 24, 2022 | $761,479 | $750,000 p. 63 | +1.5% |
| 2A | Aug 24, 2022 | $1,058,500 | $1,055,000 p. 63 | +0.3% |
| 1C | Aug 30, 2022 | $1,485,000 | $1,325,000 p. 63 | +12.1% |
| 2C | Sep 7, 2022 | $1,450,000 | $1,395,000 p. 63 | +3.9% |
| 4C | Sep 30, 2022 | $953,500 | $1,095,000 p. 63 | −12.9% |
| 1A | Jan 12, 2023 | $716,339 | $850,000 p. 63 | −15.7% |
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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.
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
- 120 Java, LLC
- Developer
- SL Development
- Principals
- Page Leidy, Ray Steffen
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Midfirst Bank$7.9 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 111 Java Street Condominiumnext door · 7 units
- Belvedere Xxviii Condominiumnext door · 8 units · 2006
- 108 India Street Condominiumnext door · 3 units · 2019
- 112 India Street Condominiumnext door · 3 units · 2022
- 114 India Condominiumnext door · 8 units · 2009
- Villas At Indianext door · 7 units · 2019