THE CONDO BOOK PROJECT

1451 59th Street Condominium

1451 59th Street, Brooklyn, NY 11219

Overview

Units
3 residential
Subway
3 min walk to 62 St/New Utrecht Av D N55 St D, 7 min
Principals
Dorothy Rubin
Average $/sf
$873Homes in Schedule A, as first offered
Common charges
$552 a monthSponsor's first-year estimate in Schedule A, 1/1/2025 - 12/31/2025
Offering price
$2 million total

The sponsor of record is 1451 59 LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 309 pages. The nearest other condo plan on file is 1441 58th Street Condominium, next door.

Plan CD240167 · New · accepted Oct 22, 2024 · AG record ↗

Compare

FigureThis building11623 40th23 units · 1 miaccepted 20241513 51st34 units · 0.4 miaccepted 2025
Common ChargesPer Square Foot / Month$0.23Below peers$0.26$0.25
Average Offering PricePer Apartment$2MHighest$1.5M$1.26M
Average PricePer Square Foot$873In line$827$932
Property TaxesPer Square Foot / Month$0.59Below peers$0.65$1.03
Average Unit SizeSquare Feet2,244 SFLargest1,813 SF1,354 SF

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Unit mix, closings, budgets, finishes and the team, against 1623 40th and 1513 51st, 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 closed100% of the homes in Schedule A3 of 3
Closing prices vs. Schedule A1 home: $1,927,075 at closing against $2,000,000 in Schedule A (p. 37)−3.6%
Average closing price3 homes, on their Schedule A square feet$787 / SF
Closingsfirst and latest recordedApr 4, 2025 – Apr 14, 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 3 closings
HomeRecordedClosing priceSchedule ADifference
3Apr 4, 2025$1,927,075$2,000,000 p. 37−3.6%
2Mar 24, 2026$1,370,000——
1Apr 14, 2026$1,999,890——

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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
1451 59 LLC
Principals
Dorothy Rubin
Tax estimate
Re Tax ServicePrepared the first-year real estate tax projection

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

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