THE CONDO BOOK PROJECT

1241 42nd Street Condominium

1241 42nd Street, Brooklyn, NY 11219

Overview

Units
7 residential
Subway
7 min walk to Fort Hamilton Pkwy D50 St D, 9 min
Offering price
$5.27 million total $4.75 million when first offered

The sponsor of record is 1241 42 Development LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The sponsor has filed 2 amendments, the latest in January 2017. The nearest other condo plan on file is 1245 42nd Street Condominium, next door.

Plan CD150368 · New · accepted Jul 13, 2016 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan7 of 7
Closingsfirst and latest recordedJan 19, 2017 – Apr 5, 2017

Sales recorded with the Department of Finance (ACRIS) through May 31, 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 7 closings
HomeRecordedClosing priceSchedule ADifference
7Jan 19, 2017$650,000——
5Jan 20, 2017$666,000——
3Jan 31, 2017$672,045——
6Feb 17, 2017$707,020——
2Mar 2, 2017$595,676——
4Mar 29, 2017$675,000——
1Apr 5, 2017$1,300,000——

Pro

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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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Team

Sponsor
1241 42 Development LLC

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

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