THE CONDO BOOK PROJECT

Manhattan Condominium

135 Johnson Avenue, Brooklyn, NY 11206

Compare

Overview

Units
3 residential
Subway
6 min walk to Montrose Av LLorimer St J M, 7 min
Principals
Nir Muvdi, Moshe Roth
Average $/sf
$1,272Homes in Schedule A, as first offered
Common charges
$371–$548 a monthSponsor's first-year estimate in Schedule A, April 1, 2021 - March 31, 2022
Offering price
$2.98 million total

The sponsor of record is Mana Johns Dev LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.. The offering plan runs 226 pages. The sponsor has filed 2 amendments, the latest in December 2021. The nearest other condo plan on file is Johnson Condominium, next door.

Plan CD200083 · New · accepted Dec 1, 2020 · AG record ↗

Compare

FigureThis building1383 Manhattan26 units · 0.8 miaccepted 2021446 Macon33 units · 1.7 miaccepted 2020
Common ChargesPer Square Foot / Month$0.58Above peers$0.46$0.51
Average Offering PricePer Apartment$995,000Below peers$1.13M$1.12M
Average PricePer Square Foot$1,272In line$1,334$1,146
Property TaxesPer Square Foot / Month$0.89In line$1.39$0.27
Average Unit SizeSquare Feet782 SFSmaller824 SF975 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 383 Manhattan and 446 Macon, 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: $2,700,000 at closing against $2,985,000 in Schedule A (p. 27)−9.5%
Average closing price3 homes, on their Schedule A square feet$1,151 / SF
Closingsfirst and latest recordedOct 21, 2021 – Mar 29, 2022

Sales recorded with the Department of Finance (ACRIS) through Mar 31, 2023: 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
3Oct 21, 2021$990,000$995,000 p. 27−0.5%
1Feb 14, 2022$885,000$995,000 p. 27−11.1%
2Mar 29, 2022$825,000$995,000 p. 27−17.1%

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
Mana Johns Dev LLC
Principals
Nir Muvdi, Moshe Roth
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
ICE Lender Holdings$2.7 million loan stated in the plan

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

Nearby