THE CONDO BOOK PROJECT

1479 Sterling Place Condominium

1479 Sterling Place, Brooklyn, NY 11213

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Overview

Units
8 residential
Subway
6 min walk to Crown Hts-Utica Av 3 4Utica Av A C, 14 min
Principals
Oren Hakim, Maurice Nassiri
Average $/sf
$984Homes in Schedule A, as first offered
Common charges
$249–$803 a monthSponsor's first-year estimate in Schedule A, January 1, 2026 To December 31, 2026
Offering price
$4.74 million total

The sponsor of record is 1479 On LLC, represented by Eial Girtz, PC. The offering plan runs 300 pages. The sponsor has filed 1 amendment, the latest in February 2026. The nearest other condo plan on file is 1489 Sterling Place Condominium, next door.

Plan CD250057 · New · accepted Nov 20, 2025 · AG record ↗

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FigureThis building11668 Dean28 units · 0.3 miaccepted 202632 Schaefer38 units · 1.3 miaccepted 2026
Common ChargesPer Square Foot / Month$0.76In line$0.99$0.67
Average Offering PricePer Apartment$592,500Below peers$625,625$737,522
Average PricePer Square Foot$984In line$934$1,110
Property TaxesPer Square Foot / Month$0.24Lowest$1.19$1.20
Average Unit SizeSquare Feet602 SFSmaller670 SF664 SF

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Unit mix, closings, budgets, finishes and the team, against 1668 Dean and 32 Schaefer, 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 closed75% of the homes in Schedule A6 of 8
Closing prices vs. Schedule A6 homes: $3,322,500 at closing against $3,565,000 in Schedule A (p. 40)−6.8%
Average closing price6 homes, on their Schedule A square feet$903 / SF
Closingsfirst and latest recordedMay 21, 2026 – Jun 30, 2026

Sales recorded with the Department of Finance (ACRIS) through Jul 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 6 closings
HomeRecordedClosing priceSchedule ADifference
2BMay 21, 2026$465,000$525,000 p. 40−11.4%
4AMay 29, 2026$665,000$750,000 p. 40−11.3%
2AJun 5, 2026$545,000$575,000 p. 40−5.2%
1AJun 24, 2026$450,000$450,000 p. 400%
3AJun 24, 2026$540,000$540,000 p. 400%
4BJun 30, 2026$657,500$725,000 p. 40−9.3%

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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
1479 On LLC
Principals
Oren Hakim, Maurice Nassiri
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lenders
Bullpath Capital, Sapir Funding$2.52 million loan stated in the plan

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

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