THE CONDO BOOK PROJECT

149 Quincy Street Condominium

149 Quincy Street, Brooklyn, NY 11216

Overview

Units
4 residential
Subway
5 min walk to Bedford-Nostrand Avs GClasson Av G, 8 min
Principals
Rotem Cohen, Raanan Noy, Yehuda Biniamin
Common charges
$369–$514 a monthSponsor's first-year estimate in Schedule A, September 1, 2020- August 31, 2021
Offering price
$4.19 million total $4.16 million when first offered

The sponsor of record is 149 Quincy Development LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 372 pages. The sponsor has filed 1 amendment, the latest in October 2020. The nearest other condo plan on file is 151 Quincy Street Condominium, next door.

Plan CD190332 · New · accepted Jul 21, 2020 · AG record ↗

Compare

FigureThis building1179 Gates24 units · 0.3 miaccepted 2020257 Throop34 units · 0.9 miaccepted 2020
Average Offering PricePer Apartment$1.04MIn line$1.19M$914,750

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Unit mix, closings, budgets, finishes and the team, against 179 Gates and 257 Throop, 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 A4 of 4
Closing prices vs. Schedule A4 homes: $4,173,261 at closing against $4,156,000 in Schedule A (p. 36)+0.4%
Closingsfirst and latest recordedFeb 10, 2021 – May 10, 2021

Sales recorded with the Department of Finance (ACRIS) through Dec 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 4 closings
HomeRecordedClosing priceSchedule ADifference
4Feb 10, 2021$1,186,261$1,149,000 p. 36+3.2%
1Feb 17, 2021$1,099,000$1,149,000 p. 36−4.4%
3Mar 25, 2021$949,000$929,000 p. 36+2.2%
2May 10, 2021$939,000$929,000 p. 36+1.1%

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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 Quincy Development LLC
Principals
Rotem Cohen, Raanan Noy, Yehuda Biniamin
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Bayport Funding$1.2 million recorded

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

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