Azrad Condominium Association
1404 Ocean Parkway, Brooklyn, NY 11230
Overview
- Units
- 12 residential · 6 parking · 1 commercial
- Subway
- 8 min walk to Avenue N FAvenue P F, 11 min
- Principals
- Yaacov Azrad
- Offering price
- $16.9 million total
- Floor plans
- Page 335 of the plan
The sponsor of record is 512 Avenue N LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 356 pages. The sponsor has filed 3 amendments, the latest in June 2019. The nearest other condo plan on file is 1406 Ocean Parkway Condominium, next door.
Plan CD160416 · New · accepted May 19, 2017 · AG record ↗
Compare
| Figure | This building1 | Highline213 units · 1.1 miaccepted 2017 | Cypress314 units · 1.9 miaccepted 2018 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.41MHighest | $889,769 | $970,429 |
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Unit mix, closings, budgets, finishes and the team, against Highline and Cypress, cited to the offering plans. No credit card required.
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- 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 the plan | 12 of 12 |
| Closingsfirst and latest recorded | Nov 6, 2018 – Nov 11, 2019 |
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 13 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3C | Nov 6, 2018 | $1,155,714one deed, 2 homes | — | — |
| 1A | Dec 28, 2018 | $4,481,588one deed, 7 homes | — | — |
| 1B | Dec 28, 2018 | $4,481,588one deed, 7 homes | — | — |
| 2B | Dec 28, 2018 | $4,481,588one deed, 7 homes | — | — |
| 2C | Dec 28, 2018 | $4,481,588one deed, 7 homes | — | — |
| 2D | Dec 28, 2018 | $4,481,588one deed, 7 homes | — | — |
| 3A | Apr 16, 2019 | $1,221,900one deed, 2 homes | — | — |
| 3B | Nov 11, 2019 | $405,600 | — | — |
| 3D | Nov 11, 2019 | $354,900 | — | — |
| 3E | Nov 11, 2019 | $507,000 | — | — |
| C1 | Nov 11, 2019 | $305,475 | — | — |
| LPH | Nov 11, 2019 | $997,885 | — | — |
| PH | Nov 11, 2019 | $784,053 | — | — |
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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.
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
- 512 Avenue N LLC
- Principals
- Yaacov Azrad
- Tax estimate
- Moseson & Associates Corp.Prepared the first-year real estate tax projection
- Construction lender
- Popular BankLender on the mortgage and building loan agreement recorded September 2016 in ACRIS; $6.69 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 1406 Ocean Parkway Condominiumnext door · 7 units · 5 parking · 2021
- Akoya Condominium0.3 mi · 19 units · 20 parking · 2009
- Mapleton I Condominium0.3 mi · 18 units · 9 parking · 2021
- 1668 Village Condominium0.3 mi · 6 units
- 1380 Dahill Road Condominium0.3 mi · 14 units · 6 parking · 2005
- 269 Avenue O Condominium0.3 mi · 3 units · 2002