THE CONDO BOOK PROJECT

138 North 10th Street Condominium

138-142 North 10th Street, Brooklyn, NY 11249

Overview

Units
9 residential · 1 parking
Subway
4 min walk to Bedford Av LNassau Av G, 9 min
Offering price
$24.1 million total $22.2 million when first offered

The sponsor of record is Bedford Acquisitions L.L.C., represented by Smith, Buss & Jacobs, LLP. The sponsor has filed 6 amendments, the latest in April 2021. The nearest other condo plan on file is 134 North 10th Condominium, next door.

Plan CD170193 · New · accepted Feb 27, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan9 of 9
Closingsfirst and latest recordedApr 19, 2021 – Feb 9, 2022

Sales recorded with the Department of Finance (ACRIS) through Mar 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.

All 10 closings
HomeRecordedClosing priceSchedule ADifference
302Apr 19, 2021$1,995,000——
201Apr 23, 2021$1,695,000——
PARApr 30, 2021$150,000——
THBApr 30, 2021$3,250,000——
PHAMay 14, 2021$2,995,000——
THAMay 20, 2021$3,250,000——
402May 24, 2021$1,995,000——
401Jun 22, 2021$2,235,059——
301Aug 5, 2021$2,341,975——
PHBFeb 9, 2022$3,240,881——

Pro

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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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Team

Sponsor
Bedford Acquisitions L.L.C.
Construction lender
Bank HapoalimLender on the mortgage and building loan agreement recorded February 2017 in ACRIS; $11 million recorded

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

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