THE CONDO BOOK PROJECT

1264 Hancock Street Condominium

1264 Hancock Street, Brooklyn, NY 11221

Compare

Overview

Units
3 residential
Subway
9 min walk to Halsey St LWilson Av L, 9 min
Principals
Ilya Berger, Mikhail Musheyev
Average $/sf
$1,246Homes in Schedule A, as first offered
Common charges
$363–$475 a monthSponsor's first-year estimate in Schedule A, January 1, 2020 To December 31, 2020
Offering price
$2.95 million total

The sponsor of record is Bbm Equities LLC, represented by Rothkrug Rothkrug & Spector, LLP. The offering plan runs 332 pages. The nearest other condo plan on file is 265 Weirfield Street Condominium, next door.

Plan CD180419 · Rehab · accepted Dec 4, 2019 · AG record ↗

Compare

FigureThis building1659 Putnam24 units · 1.4 miaccepted 2020667 Putnam34 units · 1.4 miaccepted 2018
Common ChargesPer Square Foot / Month$0.51Highest$0.30$0.36
Average Offering PricePer Apartment$982,333In line$900,000$1.01M
Average PricePer Square Foot$1,246Above peers$1,120$1,232
Property TaxesPer Square Foot / Month$0.21Lowest$0.69$0.33
Average Unit SizeSquare Feet788 SFSmaller803 SF822 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 659 Putnam and 667 Putnam, cited to the offering plans. No credit card required.

Create a free account
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 A3 of 3
Closing prices vs. Schedule A3 homes: $2,345,000 at closing against $2,947,000 in Schedule A (p. 39)−20.4%
Average closing price3 homes, on their Schedule A square feet$992 / SF
Closingsfirst and latest recordedJun 10, 2022 – Jul 12, 2022

Sales recorded with the Department of Finance (ACRIS) through Mar 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 3 closings
HomeRecordedClosing priceSchedule ADifference
1Jun 10, 2022$775,000$999,000 p. 39−22.4%
2Jul 8, 2022$780,000$969,000 p. 39−19.5%
3Jul 12, 2022$790,000$979,000 p. 39−19.3%

Pro

Closings are for subscribers

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

Subscribe to seeAlready a member? Sign in

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
Bbm Equities LLC
Principals
Ilya Berger, Mikhail Musheyev
Tax estimate
Rothkrug & RothkrugPrepared the first-year real estate tax projection

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

Nearby