122 Newton Condominium
122 Newton Street, Brooklyn, NY 11211
Overview
- Units
- 5 residential
- Subway
- 7 min walk to Nassau Av GGraham Av L, 10 min
- Principals
- Anthony Gurino
- Average $/sf
- $701Homes in Schedule A, as first offered
- Common charges
- $511–$708 a monthSponsor's first-year estimate in Schedule A, March 1, 2009 Through February 28, 2010
- Offering price
- $5.98 million total
- Floor plans
- Page 192 of the plan
The sponsor of record is 124 Newton Street, LLC, represented by Smith, Buss & Jacobs, LLP. The offering plan runs 252 pages. The sponsor has filed 4 amendments, the latest in June 2010. The nearest other condo plan on file is New Condominium, next door.
Plan CD080138 · New · accepted Oct 8, 2008 · AG record ↗
Compare
| Figure | This building1 | 291 Devoe28 units · 0.7 miaccepted 2008 | 254 North 6th33 units · 0.6 miaccepted 2010 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.32Highest | $0.21 | $0.24 |
| Average Offering PricePer Apartment | $1.2MHighest | $546,163 | $943,333 |
| Average PricePer Square Foot | $701In line | $784 | $667 |
| Property TaxesPer Square Foot / Month | $0.05In line | $0.02 | $0.20 |
| Average Unit SizeSquare Feet | 1,706 SFLargest | 696 SF | 1,415 SF |
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Unit mix, closings, budgets, finishes and the team, against 291 Devoe and 254 North 6th, 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 | 5 of 5 |
| Closingsfirst and latest recorded | Apr 21, 2010 – Nov 22, 2010 |
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.
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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
- 124 Newton Street, LLC
- Principals
- Anthony Gurino
- Counsel
- Smith, Buss & Jacobs, LLP
- Tax estimate
- Moseson and AssociatesPrepared the first-year real estate tax projection
- Construction lender
- Builders Bank$8 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
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- Bayard Pointenext door · 5 units · 2017
- 100 Engert Avenue Condominiumnext door · 31 units · 17 parking · 2009
- Eckford & Engert Condominiumnext door · 24 units · 6 parking · 2006
- 419 Manhattan Avenue Condominiumnext door · 5 units · 2024
- North Point Towers Inext door · 16 units · 18 parking · 2007