1287 East 19th Street Condominium
1287 East 19th Street, Brooklyn, NY 11230
Overview
- Units
- 19 residential · 12 parking
- Subway
- 5 min walk to Avenue M QAvenue J Q, 13 min
- Developer
- Royal Builders, LLC
- Principals
- Joshua Markovics
- Average $/sf
- $550Homes in Schedule A, as first offered
- Common charges
- $224–$346 a monthSponsor's first-year estimate in Schedule A, 1/1/2018 - 12/31/2018
- Offering price
- $12.6 million total $9.57 million when first offered
- Floor plans
- Pages 136–140 of the plan
The sponsor of record is Royal Builders Realty LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 296 pages. The sponsor has filed 3 amendments, the latest in February 2018. The nearest other condo plan on file is Jacobs Condominium, next door.
Plan CD160075 · New · accepted Dec 23, 2016 · AG record ↗
Compare
| Figure | This building1 | Ocean Palace223 units · 1.4 miaccepted 2017 | Cypress314 units · 1.8 miaccepted 2018 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.33In line | $0.29 | $0.47 |
| Average Offering PricePer Apartment | $500,265In line | $415,652 | $970,429 |
| Average PricePer Square Foot | $550Below peers | $586 | $1,001 |
| Property TaxesPer Square Foot / Month | $0.04In line | $0.03 | $0.88 |
| Average Unit SizeSquare Feet | 909 SFIn line | 709 SF | 970 SF |
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Unit mix, closings, budgets, finishes and the team, against Ocean Palace and Cypress, 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 closed100% of the homes in Schedule A | 19 of 19 |
| Closing prices vs. Schedule A19 homes: $11,899,471 at closing against $9,505,041 in Schedule A (p. 27) | +25.2% |
| Average closing price19 homes, on their Schedule A square feet | $689 / SF |
| Closingsfirst and latest recorded | Feb 12, 2018 – Oct 19, 2018 |
Sales recorded with the Department of Finance (ACRIS) through Sep 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 19 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 7B | Feb 12, 2018 | $610,950 | $489,737 p. 27 | +24.8% |
| 3A | Feb 13, 2018 | $474,552 | $388,097 p. 27 | +22.3% |
| 3C | Feb 13, 2018 | $680,191 | $526,504 p. 27 | +29.2% |
| 8B | Feb 14, 2018 | $621,133 | $489,737 p. 27 | +26.8% |
| 5A | Feb 20, 2018 | $497,541 | $388,097 p. 27 | +28.2% |
| 7A | Feb 20, 2018 | $687,319 | $514,476 p. 27 | +33.6% |
| 4A | Mar 6, 2018 | $491,383 | $388,097 p. 27 | +26.6% |
| 3B | Mar 7, 2018 | $777,091 | $584,722 p. 27 | +32.9% |
| 6A | Mar 8, 2018 | $538,654 | $388,097 p. 27 | +38.8% |
| 2A | Mar 14, 2018 | $444,132 | $388,097 p. 27 | +14.4% |
| 6C | Mar 20, 2018 | $700,047 | $526,504 p. 27 | +33% |
| 5C | Mar 22, 2018 | $677,255 | $526,504 p. 27 | +28.6% |
| 5B | Mar 27, 2018 | $702,593 | $584,722 p. 27 | +20.2% |
| 6B | Mar 27, 2018 | $743,323 | $584,722 p. 27 | +27.1% |
| 8A | Apr 25, 2018 | $621,133 | $514,476 p. 27 | +20.7% |
| 4B | May 17, 2018 | $687,319 | $584,722 p. 27 | +17.5% |
| 4C | Jul 2, 2018 | $661,863 | $526,504 p. 27 | +25.7% |
| 2B | Jul 19, 2018 | $641,498 | $584,722 p. 27 | +9.7% |
| 2C | Oct 19, 2018 | $641,498 | $526,504 p. 27 | +21.8% |
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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
- Royal Builders Realty LLC
- Developer
- Royal Builders, LLC
- Principals
- Joshua Markovics
- Tax estimate
- LAW OFFICES OF HERSHY ITZKOWITZ, P.C.Prepared the first-year real estate tax projection
- Construction lender
- Valley National Bank
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Jacobs Condominiumnext door · 20 units · 12 parking · 2015
- 1252 East 19th Street Condominiumnext door · 8 units · 2 parking · 2012
- 1251 East 19th Street Condominiumnext door · 26 units · 28 parking · 2016
- 1733 Ocean Avenue Condominiumnext door · 15 units · 2005
- 1355 East 19th Street Condominium0.1 mi · 7 units · 2010
- Graystone Condominium0.1 mi · 10 units