THE CONDO BOOK PROJECT

122 Washington Lofts

124 Washington Avenue, Brooklyn, NY 11205

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Overview

Units
15 residential
Subway
10 min walk to Clinton-Washington Avs GClasson Av G, 16 min
Principals
Avraham Garbo
Average $/sf
$1,496Homes in Schedule A, as first offered
Common charges
$277–$960 a monthSponsor's first-year estimate in Schedule A, July 1, 2026 to June 30, 2027
Offering price
$22.3 million total $23.6 million when first offered

The sponsor of record is 122 Washington Lofts LLC, represented by Eial Girtz, PC. The offering plan runs 281 pages. The sponsor has filed 1 amendment, the latest in May 2026. The nearest other condo plan on file is 97 Waverly Avenue Condominium, next door.

Plan CD250225 · New · accepted Feb 12, 2026 · AG record ↗

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FigureThis building1817 Classon219 units · 1.6 miaccepted 2026717 Grand323 units · 1.7 miaccepted 2026
Common ChargesPer Square Foot / Month$0.47Lowest$0.74$0.71
Average Offering PricePer Apartment$1.57MAbove peers$1.37M$1.37M
Average PricePer Square Foot$1,496Above peers$1,459$1,426
Property TaxesPer Square Foot / Month$1.25In line$0.70$1.32
Average Unit SizeSquare Feet1,051 SFLarger938 SF960 SF

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Unit mix, closings, budgets, finishes and the team, against 817 Classon and 717 Grand, 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 closed20% of the homes in Schedule A3 of 15
Closing prices vs. Schedule A3 homes: $2,847,000 at closing against $2,972,700 in Schedule A (p. 39)−4.2%
Average closing price3 homes, on their Schedule A square feet$1,282 / SF
Closingsfirst and latest recordedSep 10, 2025 – Jun 9, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 3 closings
HomeRecordedClosing priceSchedule ADifference
3BSep 10, 2025$995,000$990,900 p. 39+0.4%
4BSep 30, 2025$992,000$990,900 p. 39+0.1%
2BJun 9, 2026$860,000$990,900 p. 39−13.2%

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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
122 Washington Lofts LLC
Principals
Avraham Garbo
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
S3 Capital$11 million loan stated in the plan

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

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