THE CONDO BOOK PROJECT

1423 57th Street Condominium

1423 57th Street, Brooklyn, NY 11219

Overview

Units
3 residential · 2 commercial
Subway
4 min walk to 62 St/New Utrecht Av D N55 St D, 5 min
Principals
Benjmain Schwartz, Chaim Weider
Average $/sf
$933Homes in Schedule A, as first offered
Common charges
$526–$695 a monthSponsor's first-year estimate in Schedule A, 1/1/2027
Offering price
$6.9 million total

The sponsor of record is 1423 57 LLC, represented by Law Offices Of N. C. Caller P.C.. The offering plan runs 296 pages. The nearest other condo plan on file is 1420 56th Street Condominium, next door.

Plan CD260029 · Rehab · accepted Jul 6, 2026 · AG record ↗

Compare

FigureThis building1Park Living 60b23 units · 0.6 miaccepted 20251118 Condo Association32 units · 1 miaccepted 2024
Common ChargesPer Square Foot / Month$0.37In line$0.37$0.28
Average Offering PricePer Apartment$1.48MBelow peers$1.61M$1.55M
Average PricePer Square Foot$933In line$1,402$848
Property TaxesPer Square Foot / Month$0.54Highest$0.42$0.34
Average Unit SizeSquare Feet1,590 SFIn line1,146 SF1,829 SF

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Unit mix, closings, budgets, finishes and the team, against Park Living 60b and 1118 Condo Association, 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 closed33% of the homes in Schedule A1 of 3
Closing prices vs. Schedule A1 home: $1,400,000 at closing against $1,750,000 in Schedule A (p. 27)−20%
Average closing price1 home, on their Schedule A square feet$731 / SF
Closingsfirst and latest recordedAug 31, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 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 1 closings
HomeRecordedClosing priceSchedule ADifference
3Aug 31, 2026$1,400,000$1,750,000 p. 27−20%

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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
1423 57 LLC
Principals
Benjmain Schwartz, Chaim Weider
Tax estimate
N.C. Caller, P.C.Prepared the first-year real estate tax projection

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

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