THE CONDO BOOK PROJECT

1451 61st Street Condominium

1451 61st Street, Brooklyn, NY 11219

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Overview

Units
3 residential
Subway
2 min walk to 62 St/New Utrecht Av D N55 St D, 9 min
Principals
David Weisz
Average $/sf
$660Homes in Schedule A, as first offered
Common charges
$389–$563 a monthSponsor's first-year estimate in Schedule A, October 1, 2021 - September 30, 2022
Offering price
$2.61 million total $1.5 million when first offered

The sponsor of record is Suw I LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 331 pages. The nearest other condo plan on file is 1449 61st Street Condominium, next door.

Plan CD200268 · New · accepted Apr 7, 2021 · AG record ↗

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FigureThis building11447 61st23 units · 0 miaccepted 20211449 61st33 units · 0 miaccepted 2021
Common ChargesPer Square Foot / Month$0.36In line$0.33$0.36
Average Offering PricePer Apartment$870,000Below peers$935,000$978,333
Average PricePer Square Foot$660In line$654$747
Property TaxesPer Square Foot / Month$0.16Above peers$0.15$0.10
Average Unit SizeSquare Feet1,319 SFIn line1,429 SF1,310 SF

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Unit mix, closings, budgets, finishes and the team, against 1447 61st and 1449 61st, 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 A3 homes: $2,530,000 at closing against $2,610,000 in Schedule A (p. 30)−3.1%
Average closing price3 homes, on their Schedule A square feet$640 / SF
Closingsfirst and latest recordedNov 4, 2021 – Jan 24, 2022

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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
2Nov 4, 2021$795,000$800,000 p. 30−0.6%
3Jan 5, 2022$885,000$885,000 p. 300%
1Jan 24, 2022$850,000$925,000 p. 30−8.1%

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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
Suw I LLC
Principals
David Weisz
Tax estimate
Empire Consulting Service, Inc.Prepared the first-year real estate tax projection

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

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