THE CONDO BOOK PROJECT

1241 43rd Street Condominium

1241 43rd Street, Brooklyn, NY 11219

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Overview

Units
4 residential · 1 storage
Subway
6 min walk to Fort Hamilton Pkwy D50 St D, 8 min
Principals
Jacob Gutman
Average $/sf
$649Homes in Schedule A, as first offered
Common charges
$248–$340 a monthSponsor's first-year estimate in Schedule A, 7/1/2022 - 6/30/2023
Offering price
$3.83 million total $3.23 million when first offered

The sponsor of record is 1826 51st Street Trust, represented by Law Office Of Hershy Itzkowitz, Esq. The offering plan runs 327 pages. The sponsor has filed 1 amendment, the latest in July 2022. The nearest other condo plan on file is 1237 43rd Street Condominium, next door.

Plan CD220021 · New · accepted May 20, 2022 · AG record ↗

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FigureThis building11152 47th24 units · 0.2 miaccepted 20221568 38th33 units · 0.5 miaccepted 2021
Common ChargesPer Square Foot / Month$0.23In line$0.20$0.27
Average Offering PricePer Apartment$800,000In line$748,750$850,000
Average PricePer Square Foot$649In line$591$654
Property TaxesPer Square Foot / Month$0.88Highest$0.48$0.46
Average Unit SizeSquare Feet1,233 SFSmaller1,266 SF1,295 SF

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Unit mix, closings, budgets, finishes and the team, against 1152 47th and 1568 38th, 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 A4 of 4
Closing prices vs. Schedule A4 homes: $4,808,744 at closing against $3,200,000 in Schedule A (p. 37)+50.3%
Average closing price4 homes, on their Schedule A square feet$975 / SF
Closingsfirst and latest recordedMar 30, 2023 – Jan 20, 2026

Sales recorded with the Department of Finance (ACRIS) through Jan 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.

All 5 closings
HomeRecordedClosing priceSchedule ADifference
1Mar 30, 2023$1,603,744$950,000 p. 37+68.8%
5Mar 30, 2023$1,603,744——
3Jun 29, 2023$835,000$750,000 p. 37+11.3%
2Aug 17, 2023$835,000$750,000 p. 37+11.3%
4Jan 20, 2026$1,535,000$750,000 p. 37+104.7%

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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
1826 51st Street Trust
Principals
Jacob Gutman
Tax estimate
Empire Consulting Service, IncPrepared the first-year real estate tax projection

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

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