THE CONDO BOOK PROJECT

1255 Decatur Street Condominium

1255 Decatur Street, Brooklyn, NY 11207

Overview

Units
8 residential
Subway
3 min walk to Wilson Av LHalsey St L, 9 min
Developer
BNM Holdings LLC
Principals
Beniamin Sadykov
Average $/sf
$1,218Homes in Schedule A, as first offered
Common charges
$387–$702 a monthSponsor's first-year estimate in Schedule A, April 1, 2025 – March 31, 2026
Offering price
$6.07 million total $6.06 million when first offered

The sponsor of record is Rbm Central Ave LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 318 pages. The nearest other condo plan on file is 1265 Decatur Street Condominium, next door.

Plan CD240240 · New · accepted Jan 3, 2025 · AG record ↗

Compare

FigureThis building1366 Harman28 units · 0.9 miaccepted 2025Role Bk310 units · 0.6 miaccepted 2024
Common ChargesPer Square Foot / Month$0.78Highest$0.60$0.34
Average Offering PricePer Apartment$758,750In line$776,071$725,230
Average PricePer Square Foot$1,218Above peers$1,192$1,111
Property TaxesPer Square Foot / Month$1.11In line$1.08$1.17
Average Unit SizeSquare Feet623 SFSmaller651 SF653 SF

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Unit mix, closings, budgets, finishes and the team, against 366 Harman and Role Bk, 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.

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
Rbm Central Ave LLC
Developer
BNM Holdings LLC
Principals
Beniamin Sadykov
Tax estimate
Metropolitan Realty Tax ServicesPrepared the first-year real estate tax projection
Construction lender
Breset HoldingsLender on the mortgage and building loan agreement recorded January 2024 in ACRIS

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

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