131 Martense Condominium
131 Martense Street, Brooklyn, NY 11226
Overview
- Units
- 8 residential
- Subway
- 6 min walk to Church Av 2 5Church Av B Q, 11 min
- Principals
- Lei Liu, Wai-Kei (“Sally”) Mak
- Offering price
- $5.76 million total $4.66 million when first offered
- Floor plans
- Page 28 of the plan
The sponsor of record is 131 Martense LLC, represented by Thomas E. Berinato, Attorney At Law. The offering plan runs 249 pages. The sponsor has filed 2 amendments, the latest in May 2022. The nearest other condo plan on file is 129 Martense Street Condominium, next door.
Plan CD190368 · New · accepted May 26, 2021 · AG record ↗
Compare
| Figure | This building1 | 54 Martense28 units · 0.1 miaccepted 2021 | 460 East New York38 units · 0.8 miaccepted 2021 |
|---|---|---|---|
| Average Offering PricePer Apartment | $581,875In line | $626,875 | $574,000 |
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Unit mix, closings, budgets, finishes and the team, against 54 Martense and 460 East New York, 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.
Closings Pro
| Homes closed38% of the homes in the plan | 3 of 8 |
| Closingsfirst and latest recorded | Mar 9, 2022 – Jun 27, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2022: 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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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
- 131 Martense LLC
- Principals
- Lei Liu, Wai-Kei (“Sally”) Mak
- Tax estimate
- Thomas E. BerinatoPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 129 Martense Street Condominiumnext door · 8 units · 2018
- 153 Martense Street Condominiumnext door · 8 units · 2018
- 143 Linden Condominium0.1 mi · 0 units
- 2107 Bedford Avenue Condominium0.1 mi · 36 units · 2015
- Lefferts South Condominium0.1 mi · 15 units · 7 parking · 2006
- 61 Martense Street Condominium0.1 mi · 36 units · 2018