THE CONDO BOOK PROJECT

125 Clifton Place Condominium

125 Clifton Place, Brooklyn, NY 11238

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Overview

Units
6 residential
Subway
2 min walk to Classon Av GBedford-Nostrand Avs G, 5 min
Principals
Eliahu Nahman
Common charges
$197–$479 a monthSponsor's first-year estimate in Schedule A, September 1, 2020 - August 31, 2021
Offering price
$6.17 million total

The sponsor of record is 125 Clifton Place LLC, represented by The Law Office Of Jay Lichtman, PC. The offering plan runs 348 pages. The sponsor has filed 1 amendment, the latest in September 2020. The nearest other condo plan on file is Clifton Place Condominium, next door.

Plan CD180177 · Rehab · accepted Apr 7, 2020 · AG record ↗

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FigureThis building1127 Putnam26 units · 0.4 miaccepted 2020450 Hart36 units · 1.4 miaccepted 2019
Average Offering PricePer Apartment$1.03MAbove peers$988,333$946,667

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Unit mix, closings, budgets, finishes and the team, against 127 Putnam and 450 Hart, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.

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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.

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Closings Pro

Homes closed100% of the homes in Schedule A6 of 6
Closing prices vs. Schedule A6 homes: $5,254,074 at closing against $6,175,000 in Schedule A (p. 33)−14.9%
Closingsfirst and latest recordedMar 29, 2021 – Mar 10, 2022

Sales recorded with the Department of Finance (ACRIS) through Apr 30, 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 6 closings
HomeRecordedClosing priceSchedule ADifference
3Mar 29, 2021$635,000$835,000 p. 33−24%
4Apr 28, 2021$535,000$665,000 p. 33−19.5%
5Apr 29, 2021$1,189,000$1,500,000 p. 33−20.7%
2Jun 3, 2021$900,000$1,100,000 p. 33−18.2%
6Jun 30, 2021$1,296,074$1,200,000 p. 33+8%
1Mar 10, 2022$699,000$875,000 p. 33−20.1%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page, here and in ChatGPT or Claude.

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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
125 Clifton Place LLC
Principals
Eliahu Nahman
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Victory State Bank$1.15 million recorded

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

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