THE CONDO BOOK PROJECT

140 Jefferson Avenue Condominium

140 Jefferson Avenue, Brooklyn, NY 11216

Overview

Units
4 residential
Subway
5 min walk to Nostrand Av A CFranklin Av C S, 6 min
Offering price
$4.03 million total $3.65 million when first offered

The sponsor of record is Motek Jefferson, LLC, represented by Eial Girtz, PC. The sponsor has filed 4 amendments, the latest in October 2020. The nearest other condo plan on file is 226 Putnam Avenue Condominium, next door.

Plan CD180168 · Rehab · accepted Nov 21, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan4 of 4
Closingsfirst and latest recordedMay 26, 2020 – Dec 16, 2020

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.

All 4 closings
HomeRecordedClosing priceSchedule ADifference
1May 26, 2020$950,000——
4Jun 3, 2020$880,000——
3Sep 29, 2020$850,000——
2Dec 16, 2020$911,334——

Pro

Closings are for subscribers

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
Motek Jefferson, LLC
Construction lender
JPMorgan Chase BankLender on the mortgage and building loan agreement recorded March 2014 in ACRIS; $697,110 recorded

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

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