THE CONDO BOOK PROJECT

1415 67 Street Condominium

1415 67th Street, Brooklyn, NY 11219

Overview

Units
8 residential · 7 parking
Subway
5 min walk to 71 St D62 St/New Utrecht Av D N, 7 min
Principals
Khanh Mak
Average $/sf
$1,037Homes in Schedule A, as first offered
Common charges
$349–$359 a monthSponsor's first-year estimate in Schedule A, Twelve Month Period Commencing January 1, 2021 and ending December 31, 2021
Offering price
$8.08 million total $8.01 million when first offered

The sponsor of record is 1405-1415 67 Street LLC, represented by Chu & Partners. The offering plan runs 268 pages. The nearest other condo plan on file is 1429-1431 67th Street Condominium, next door.

Plan CD190418 · New · accepted Dec 16, 2020 · AG record ↗

Compare

FigureThis building116 Bay 25th210 units · 1.3 miaccepted 2021271 Mcdonald312 units · 2 miaccepted 2021
Common ChargesPer Square Foot / Month$0.38In line$0.40$0.25
Average Offering PricePer Apartment$957,500In line$851,800$1.11M
Average PricePer Square Foot$1,037Above peers$906$977
Property TaxesPer Square Foot / Month$0.77Above peers$0.72$0.67
Average Unit SizeSquare Feet924 SFSmaller940 SF1,137 SF

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Unit mix, closings, budgets, finishes and the team, against 16 Bay 25th and 271 Mcdonald, 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.

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
1405-1415 67 Street LLC
Principals
Khanh Mak
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection

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

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