1269 38th Street Condominium
1269 38th Street, Brooklyn, NY 11218
Overview
- Units
- 4 residential
- Subway
- 9 min walk to Church Av F GDitmas Av F, 11 min
- Principals
- Zvi Ortner
- Average $/sf
- $864Homes in Schedule A, as first offered
- Common charges
- $286–$381 a monthSponsor's first-year estimate in Schedule A, 11/1/2022 - 10/31/2023
- Offering price
- $3.55 million total
- Floor plans
- Page 31 of the plan
The sponsor of record is Ortegro Realty 38 LLC, represented by Law Offices Of N.C. Caller, P.C.. The offering plan runs 298 pages. The nearest other condo plan on file is 1256 38th Street Condominium, next door.
Plan CD220062 · New · accepted Dec 6, 2022 · AG record ↗
Compare
| Figure | This building1 | 915 55st28 units · 1 miaccepted 2022 | 1476 45th34 units · 0.5 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.32In line | $0.51 | $0.24 |
| Average Offering PricePer Apartment | $887,500In line | $756,800 | $1.95M |
| Average PricePer Square Foot | $864In line | $799 | $925 |
| Property TaxesPer Square Foot / Month | $1.05Highest | $0.46 | $0.42 |
| Average Unit SizeSquare Feet | 1,028 SFIn line | 948 SF | 2,109 SF |
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Unit mix, closings, budgets, finishes and the team, against 915 55st and 1476 45th, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed75% of the homes in Schedule A | 3 of 4 |
| Closing prices vs. Schedule A3 homes: $2,605,000 at closing against $2,350,000 in Schedule A (p. 30) | +10.9% |
| Average closing price3 homes, on their Schedule A square feet | $866 / SF |
| Closingsfirst and latest recorded | May 25, 2023 – Dec 5, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Jul 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.
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Ortegro Realty 38 LLC
- Principals
- Zvi Ortner
- Tax estimate
- N.C. Caller, P.C.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 1256 38th Street Condominiumnext door · 4 units
- 1252 38th Street Condominiumnext door · 4 units
- 1250 38th Street Condominiumnext door · 4 units
- 13/38th Street Condominiumnext door · 21 units · 2015
- 1252 39th Street Condominiumnext door · 4 units
- Culver Developments 1a & 1b Condominium0.1 mi · 36 units · 9 parking · 2021