THE CONDO BOOK PROJECT

142-144 Clymer Condominium

142 Clymer Street, Brooklyn, NY 11211

Overview

Units
6 residential
Subway
7 min walk to Marcy Av J M ZHewes St J M, 11 min
Principals
Israel Neiman
Common charges
$418–$575 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
Offering price
$15.5 million total

The sponsor of record is Bedford Clymer LLC, represented by The Law Office Of Jay Lichtman, PC. The offering plan runs 326 pages. The sponsor has filed 1 amendment, the latest in December 2022. The nearest other condo plan on file is 168-170 Clymer Street Condominium, next door.

Plan CD220033 · New · accepted Jul 13, 2022 · AG record ↗

Compare

FigureThis building161 North Henry26 units · 1.5 miaccepted 202240 Skillman36 units · 0.9 miaccepted 2023
Average Offering PricePer Apartment$2.58MAbove peers$2.25M$2.19M

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Unit mix, closings, budgets, finishes and the team, against 61 North Henry and 40 Skillman, 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 closed83% of the homes in Schedule A5 of 6
Closing prices vs. Schedule A5 homes: $11,954,475 at closing against $13,000,000 in Schedule A (p. 32)−8%
Closingsfirst and latest recordedJan 31, 2024 – Sep 26, 2024

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 5 closings
HomeRecordedClosing priceSchedule ADifference
2Jan 31, 2024$1,950,000$2,500,000 p. 32−22%
3Feb 29, 2024$1,934,675$2,500,000 p. 32−22.6%
5Mar 20, 2024$3,266,400$2,500,000 p. 32+30.7%
6Jun 6, 2024$3,258,400$2,500,000 p. 32+30.3%
1Sep 26, 2024$1,545,000$3,000,000 p. 32−48.5%

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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
Bedford Clymer LLC
Principals
Israel Neiman
Tax estimate
Re Tax ServicePrepared the first-year real estate tax projection
Construction lender
Golden Bridge$22 million recorded

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

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