THE CONDO BOOK PROJECT

1265 41st Street Condominium

1265 41st Street, Brooklyn, NY 11218

Overview

Units
2 residential
Subway
9 min walk to Fort Hamilton Pkwy D50 St D, 11 min
Principals
Zacharia Waxler
Offering price
$2.6 million total

The sponsor of record is Zacharia Waxler, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 293 pages. The nearest other condo plan on file is Alexander Court, next door.

Plan CD210287 · Rehab · accepted Jun 15, 2022 · AG record ↗

Compare

FigureThis building11465 56th22 units · 0.8 miaccepted 20231118 Condo Association32 units · 0.2 miaccepted 2024
Average Offering PricePer Apartment$1.3MIn line$1.1M$1.55M

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Unit mix, closings, budgets, finishes and the team, against 1465 56th and 1118 Condo Association, 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 the plan2 of 2
Closingsfirst and latest recordedOct 28, 2022 – Dec 1, 2022

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 2 closings
HomeRecordedClosing priceSchedule ADifference
1Oct 28, 2022$967,338——
2Dec 1, 2022$950,000——

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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
Zacharia Waxler
Principals
Zacharia Waxler
Tax estimate
Re Tax Service, IncPrepared the first-year real estate tax projection

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

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