THE CONDO BOOK PROJECT

149 14th Street Condominium

149 14th Street, Brooklyn, NY 11215

Overview

Units
3 residential
Subway
5 min walk to Prospect Av R4 Av-9 St F G R, 6 min
Average $/sf
$1,122Homes in Schedule A, as first offered
Common charges
$401–$515 a monthSponsor's first-year estimate in Schedule A, September 1, 2020 - August 31, 2021
Offering price
$4.97 million total

The sponsor of record is 149 14th Street LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 304 pages. The sponsor has filed 1 amendment, the latest in April 2020. The nearest other condo plan on file is 147 14th Street Condominium, next door.

Plan CD190180 · New · accepted Feb 13, 2020 · AG record ↗

Compare

FigureThis building1147 14th23 units · 0 miaccepted 2020270 12th34 units · 0.2 miaccepted 2020
Common ChargesPer Square Foot / Month$0.32Below peers$0.34$0.41
Average Offering PricePer Apartment$1.66MAbove peers$1.59M$1.14M
Average PricePer Square Foot$1,122Below peers$1,205$1,162
Property TaxesPer Square Foot / Month$0.43Below peers$0.48$0.82
Average Unit SizeSquare Feet1,477 SFLarger1,316 SF979 SF

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Unit mix, closings, budgets, finishes and the team, against 147 14th and 270 12th, 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: $5,063,757 at closing against $4,973,000 in Schedule A (p. 38)+1.8%
Average closing price3 homes, on their Schedule A square feet$1,143 / SF
Closingsfirst and latest recordedJul 7, 2020 – Aug 14, 2020

Sales recorded with the Department of Finance (ACRIS) through Oct 31, 2025: 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
3Jul 7, 2020$1,831,832$1,799,000 p. 38+1.8%
2Jul 14, 2020$1,424,532$1,399,000 p. 38+1.8%
1Aug 14, 2020$1,807,394$1,775,000 p. 38+1.8%

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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
149 14th Street LLC
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection

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

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