1462 Flatbush Avenue Condominium
1462 Flatbush Avenue, Brooklyn, NY 11210
Overview
- Units
- 45 residential · 2 commercial
- Subway
- 4 min walk to Flatbush Av-Brooklyn College 2 5Newkirk Av-Little Haiti 2 5, 10 min
- Developer
- Threefold Development
- Principals
- Eliahu Nahman
- Average $/sf
- $918Homes in Schedule A, as first offered
- Common charges
- $313–$707 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
- Offering price
- $28.1 million total
- Floor plans
- Pages 31–32 of the plan
The sponsor of record is 1458 - 1466 Flatbush Jv LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 357 pages. The sponsor has filed 3 amendments, the latest in April 2025. The nearest other condo plan on file is Kenilworth Plaza I Condominium, 0.1 mi away.
Plan CD220018 · New · accepted Aug 10, 2022 · AG record ↗
Compare
| Figure | This building1 | 323 Lenox Road247 units · 1.4 miaccepted 2022 | The Newkirk337 units · 0.3 miaccepted 2022 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.60Below peers | $0.69 | $0.65 |
| Average Offering PricePer Apartment | $563,869Below peers | $600,574 | $582,838 |
| Average PricePer Square Foot | $918Below peers | $929 | $967 |
| Property TaxesPer Square Foot / Month | $0.80Lowest | $1.03 | $1.01 |
| Average Unit SizeSquare Feet | 614 SFIn line | 646 SF | 597 SF |
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Unit mix, closings, budgets, finishes and the team, against 323 Lenox Road and The Newkirk, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed80% of the homes in Schedule A | 36 of 45 |
| Closing prices vs. Schedule A36 homes: $17,389,829 at closing against $19,972,982 in Schedule A (p. 37) | −12.9% |
| Average closing price36 homes, on their Schedule A square feet | $799 / SF |
| Closingsfirst and latest recorded | Dec 20, 2023 – Mar 30, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Jun 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 36 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 6H | Dec 20, 2023 | $476,580 | $485,480 p. 37 | −1.8% |
| 2G | Jan 3, 2024 | $405,600 | $463,080 p. 37 | −12.4% |
| 3H | Jan 4, 2024 | $420,000 | $482,300 p. 37 | −12.9% |
| 5D | Jan 10, 2024 | $507,000 | $539,260 p. 37 | −6% |
| 4H | Jan 23, 2024 | $441,090 | $483,360 p. 37 | −8.7% |
| 7A | Feb 13, 2024 | $975,000 | $1,109,600 p. 37 | −12.1% |
| 6G | Feb 23, 2024 | $442,000 | $467,160 p. 37 | −5.4% |
| 4F | Mar 25, 2024 | $490,000 | $538,080 p. 37 | −8.9% |
| 4G | Mar 27, 2024 | $435,000 | $465,120 p. 37 | −6.5% |
| 2A | Mar 28, 2024 | $626,224 | $787,236 p. 37 | −20.5% |
| 5G | May 28, 2024 | $455,000 | $466,140 p. 37 | −2.4% |
| 2B | Jun 21, 2024 | $450,000 | $526,640 p. 37 | −14.6% |
| 6F | Jul 12, 2024 | $515,000 | $540,440 p. 37 | −4.7% |
| 3G | Aug 2, 2024 | $430,950 | $464,100 p. 37 | −7.1% |
| 6D | Aug 8, 2024 | $515,000 | $540,440 p. 37 | −4.7% |
| 2H | Sep 11, 2024 | $435,000 | $481,240 p. 37 | −9.6% |
| 6E | Nov 13, 2024 | $499,000 | $541,356 p. 37 | −7.8% |
| 5E | Nov 18, 2024 | $490,000 | $540,174 p. 37 | −9.3% |
| 5H | Nov 25, 2024 | $425,000 | $484,140 p. 37 | −12.2% |
| 7C | Mar 26, 2025 | $499,000 | $543,720 p. 37 | −8.2% |
| 6B | Mar 28, 2025 | $430,950 | $531,280 p. 37 | −18.9% |
| 6A | Apr 10, 2025 | $427,975 | $535,860 p. 37 | −20.1% |
| 4A | Apr 30, 2025 | $415,000 | $533,520 p. 37 | −22.2% |
| 5B | Jun 26, 2025 | $425,000 | $530,120 p. 37 | −19.8% |
| 5A | Jul 29, 2025 | $413,000 | $534,690 p. 37 | −22.8% |
| 5F | Aug 1, 2025 | $465,000 | $539,260 p. 37 | −13.8% |
| 6C | Aug 7, 2025 | $430,000 | $534,944 p. 37 | −19.6% |
| 5C | Aug 28, 2025 | $425,000 | $533,776 p. 37 | −20.4% |
| 2E | Sep 30, 2025 | $445,000 | $536,628 p. 37 | −17.1% |
| 4B | Nov 7, 2025 | $415,000 | $528,960 p. 37 | −21.5% |
| 3C | Nov 20, 2025 | $456,300 | $531,440 p. 37 | −14.1% |
| 7D | Dec 15, 2025 | $499,000 | $560,500 p. 37 | −11% |
| 4D | Mar 13, 2026 | $445,000 | $538,080 p. 37 | −17.3% |
| 7E | Mar 23, 2026 | $820,000 | $989,900 p. 37 | −17.2% |
| 4C | Mar 25, 2026 | $446,160 | $532,608 p. 37 | −16.2% |
| 3A | Mar 30, 2026 | $499,000 | $532,350 p. 37 | −6.3% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 1458 - 1466 Flatbush Jv LLC
- Developer
- Threefold DevelopmentReported by web.archive.org
- Principals
- Eliahu Nahman
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- The Bank of Princeton$12.9 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
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