THE CONDO BOOK PROJECT

The 140 Moffat Street Condominium

140 Moffat Street, Brooklyn, NY 11206

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Overview

Units
5 residential
Subway
4 min walk to Wilson Av LChauncey St J Z, 7 min
Principals
Oren Hakim
Average $/sf
$1,058Homes in Schedule A, as first offered
Common charges
$262–$877 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 To June 30, 2026
Offering price
$4.26 million total

The sponsor of record is 140 On LLC, represented by Eial Girtz, PC. The offering plan runs 298 pages. The sponsor has filed 2 amendments, the latest in March 2026. The nearest other condo plan on file is 135 Moffat Street Condominium, next door.

Plan CD240253 · Rehab · accepted Mar 6, 2025 · AG record ↗

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FigureThis building1935 Lafayette24 units · 1.5 miaccepted 2025Sasoon34 units · 0.4 miaccepted 2025
Common ChargesPer Square Foot / Month$0.69In line$0.74$0.52
Average Offering PricePer Apartment$851,800Below peers$1.06M$991,250
Average PricePer Square Foot$1,058Above peers$1,039$971
Property TaxesPer Square Foot / Month$0.38Lowest$0.46$0.70
Average Unit SizeSquare Feet805 SFSmallest1,022 SF1,021 SF

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Unit mix, closings, budgets, finishes and the team, against 935 Lafayette and Sasoon, cited to the offering plans. No credit card required.

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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 closed60% of the homes in Schedule A3 of 5
Closing prices vs. Schedule A3 homes: $2,114,000 at closing against $2,339,000 in Schedule A (p. 39)−9.6%
Average closing price3 homes, on their Schedule A square feet$1,041 / SF
Closingsfirst and latest recordedFeb 12, 2026 – Jul 22, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 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 3 closings
HomeRecordedClosing priceSchedule ADifference
4AFeb 12, 2026$470,000$595,000 p. 39−21%
4BJul 13, 2026$749,000$749,000 p. 390%
1Jul 22, 2026$895,000$995,000 p. 39−10.1%

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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.

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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
140 On LLC
Principals
Oren Hakim
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Bullpath Capital$1.5 million loan stated in the plan

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

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