THE CONDO BOOK PROJECT

1225 50th Street Condominium

1225 50th Street, Brooklyn, NY 11219

Overview

Units
3 residential
Subway
2 min walk to 50 St D55 St D, 7 min
Offering price
$2.01 million total

The sponsor of record is 1225 50th Street Holdings LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The nearest other condo plan on file is 1223 50th Street Condominium, next door.

Plan CD180390 · New · accepted Dec 12, 2019 · AG record ↗

Closings Pro

Homes closed67% of the homes in the plan2 of 3
Closingsfirst and latest recordedNov 6, 2020 – Jan 27, 2021

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 2 closings
HomeRecordedClosing priceSchedule ADifference
2Nov 6, 2020$760,000——
1Jan 27, 2021$1,250,000——

Pro

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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Team

Sponsor
1225 50th Street Holdings LLC
Construction lender
Sky Capital Funding PsLender on the mortgage and building loan agreement recorded January 2020 in ACRIS; $2.2 million recorded

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

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