THE CONDO BOOK PROJECT

Culver Developments 1a & 1b Condominium

1204-1232 And 1264-1276 37th Street, Brooklyn, NY 11218

Overview

Units
36 residential · 9 parking
Subway
9 min walk to Church Av F GFort Hamilton Pkwy D, 10 min
Developer
Mosab Construction, Corp.
Principals
Abraham Moses, Avrohom Jaffe, Menachem Shayovich
Average $/sf
$297Homes in Schedule A, as first offered
Common charges
$350 a monthSponsor's first-year estimate in Schedule A, January 1, 2021 - December 31, 2021
Offering price
$18.1 million total $15.6 million when first offered

The sponsor of record is Culver Housing Developments LLC, represented by Krieger & Prager, LLP. The offering plan runs 518 pages. The sponsor has filed 2 amendments, the latest in March 2022. The nearest other condo plan on file is 1157 36th Street Condominium, next door.

Plan CD190161 · New · accepted Mar 15, 2021 · AG record ↗

Compare

FigureThis building1232 East 18th229 units · 1.3 miaccepted 2021H7338 units · 1.3 miaccepted 2022
Common ChargesPer Square Foot / Month$0.24In line$0.24$0.59
Average Offering PricePer Apartment$442,778Lowest$628,586$597,526
Average PricePer Square Foot$297Lowest$1,024$978
Property TaxesPer Square Foot / Month$0.13Lowest$0.53$0.76
Average Unit SizeSquare Feet1,488 SFLargest614 SF611 SF

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Unit mix, closings, budgets, finishes and the team, against 232 East 18th and H7, 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 closed100% of the homes in Schedule A36 of 36
Closing prices vs. Schedule A36 homes: $16,039,111 at closing against $15,940,000 in Schedule A (p. 40)+0.6%
Average closing price36 homes, on their Schedule A square feet$299 / SF
Closingsfirst and latest recordedApr 7, 2022 – Jan 25, 2023

Sales recorded with the Department of Finance (ACRIS) through Sep 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 36 closings
HomeRecordedClosing priceSchedule ADifference
1EApr 7, 2022$330,000$330,000 p. 400%
1HApr 25, 2022$510,000$510,000 p. 400%
2DMay 5, 2022$435,000$435,000 p. 400%
2EMay 12, 2022$425,000$425,000 p. 400%
2HMay 16, 2022$505,000$505,000 p. 400%
3DMay 18, 2022$445,000$445,000 p. 400%
3HMay 31, 2022$515,000$515,000 p. 400%
1CJun 2, 2022$430,000$430,000 p. 400%
3BJun 13, 2022$515,000$515,000 p. 400%
3GJun 16, 2022$425,000$425,000 p. 400%
3IJun 22, 2022$410,000$410,000 p. 400%
4HJun 28, 2022$420,000$420,000 p. 400%
2CJun 30, 2022$484,555$435,000 p. 40+11.4%
3EJul 7, 2022$435,000$435,000 p. 400%
4AJul 15, 2022$495,000$495,000 p. 400%
2GJul 19, 2022$505,000$505,000 p. 400%
1AJul 21, 2022$420,000$420,000 p. 400%
2AJul 26, 2022$505,000$505,000 p. 400%
2BJul 28, 2022$415,000$415,000 p. 400%
1IAug 4, 2022$420,000$420,000 p. 400%
3FAug 11, 2022$435,000$435,000 p. 400%
3CAug 12, 2022$355,000$355,000 p. 400%
4IAug 16, 2022$495,000$495,000 p. 400%
4DAug 26, 2022$330,000$330,000 p. 400%
4ESep 1, 2022$330,000$330,000 p. 400%
2FSep 13, 2022$325,000$325,000 p. 400%
2ISep 15, 2022$505,000$505,000 p. 400%
3ASep 20, 2022$410,000$410,000 p. 400%
4GSep 29, 2022$510,000$510,000 p. 400%
4FOct 3, 2022$430,000$430,000 p. 400%
1DOct 24, 2022$430,000$430,000 p. 400%
4BOct 27, 2022$510,000$510,000 p. 400%
4COct 28, 2022$479,556$430,000 p. 40+11.5%
1GDec 14, 2022$510,000$510,000 p. 400%
1BDec 16, 2022$510,000$510,000 p. 400%
1FJan 25, 2023$430,000$430,000 p. 400%

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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
Culver Housing Developments LLC
Developer
Mosab Construction, Corp.
Principals
Abraham Moses, Avrohom Jaffe, Menachem Shayovich
Counsel
Krieger & Prager, LLP
Tax estimate
KRIEGER & PRAGER, LLPPrepared the first-year real estate tax projection
Construction lender
The Bank of Princeton

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

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