THE CONDO BOOK PROJECT

Amsterdam Condominium

1400 Avenue S, Brooklyn, NY 11229

Overview

Units
8 residential · 3 parking
Subway
8 min walk to Avenue U QKings Hwy B Q, 9 min
Principals
Raymond H. Guindi, Zeki Guindi
Offering price
$2.81 million total

The sponsor of record is Better Choice Development, LLC, represented by S. Seth Yavne Esq. The offering plan runs 282 pages. The sponsor has filed 1 amendment, the latest in April 2001. The nearest other condo plan on file is Royal Court Condominiums, 0.1 mi away.

Plan CD000117 · New · accepted Jan 23, 2001 · AG record ↗

Closings Pro

Homes closed63% of the homes in Schedule A5 of 8
Closing prices vs. Schedule A4 homes: $1,913,000 at closing against $1,475,000 in Schedule A (p. 29)+29.7%
Closingsfirst and latest recordedFeb 5, 2004 – Feb 21, 2013

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 5 closings
HomeRecordedClosing priceSchedule ADifference
1BFeb 5, 2004$425,000$370,000 p. 29+14.9%
1AJun 28, 2004$468,000$370,000 p. 29+26.5%
2Sep 21, 2007$560,000——
3ASep 21, 2007$560,000$370,000 p. 29+51.4%
4AFeb 21, 2013$460,000$365,000 p. 29+26%

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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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
Better Choice Development, LLC
Principals
Raymond H. Guindi, Zeki Guindi
Tax estimate
Moseson & AssociatesPrepared the first-year real estate tax projection

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

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