THE CONDO BOOK PROJECT

Toren Condominium

150 Myrtle Avenue, Brooklyn, NY 11201

Overview

Units
240 residential · 1 parking · 3 commercial
Subway
3 min walk to DeKalb Av B Q RJay St-MetroTech A C F R, 5 min
Developer
Myrtle Avenue Development Associates LLC
Principals
Brandon Baron, Donald Capoccia, Joseph Ferrara
Offering price
$154.1 million total

The sponsor of record is M/F Co-Gen Owner LLC, represented by Marans, Weisz & Newman LLC. The offering plan runs 564 pages. The sponsor has filed 25 amendments, the latest in May 2018. The nearest other condo plan on file is Alfred On Fleet Condominium, next door.

Plan CD070666 · New · accepted Mar 20, 2008 · AG record ↗

Compare

FigureThis building17 Metrotech2249 units · 0.1 miaccepted 2006Schaefer Landing North3135 units · 1.3 miaccepted 2005
Average Offering PricePer Apartment$642,026Lowest$991,839$871,515

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Unit mix, closings, budgets, finishes and the team, against 7 Metrotech and Schaefer Landing North, 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 A241 of 241
Closing prices vs. Schedule A239 homes: $136,282,282 at closing against $153,701,250 in Schedule A (p. 33, p. 34, p. 35, p. 36, p. 37, p. 38)−11.3%
Closingsfirst and latest recordedNov 24, 2009 – Oct 26, 2015

Sales recorded with the Department of Finance (ACRIS) through Sep 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 244 closings
HomeRecordedClosing priceSchedule ADifference
1906Nov 24, 2009$738,231$725,000 p. 35+1.8%
1102Dec 10, 2009$358,956$354,000 p. 34+1.4%
808Jan 13, 2010$324,632$320,150 p. 34+1.4%
902Jan 22, 2010$389,500$348,000 p. 34+11.9%
1404Jan 25, 2010$540,891$536,000 p. 35+0.9%
1602Jan 25, 2010$371,124$366,000 p. 35+1.4%
404Jan 28, 2010$341,387$336,674 p. 33+1.4%
803Feb 1, 2010$723,976$711,000 p. 34+1.8%
1205Feb 1, 2010$535,845$531,000 p. 35+0.9%
1502Feb 1, 2010$368,082$363,000 p. 35+1.4%
1001Feb 2, 2010$636,915$625,500 p. 34+1.8%
606Feb 5, 2010$865,513$565,000 p. 34+53.2%
1004Feb 5, 2010$531,527$522,000 p. 34+1.8%
1801Feb 5, 2010$765,724$752,000 p. 35+1.8%
806Feb 8, 2010$488,748$462,000 p. 34+5.8%
2907Feb 8, 2010$446,160$465,000 p. 37−4.1%
901Feb 9, 2010$697,501$685,000 p. 34+1.8%
1807Feb 10, 2010$456,300$423,000 p. 35+7.9%
412Feb 11, 2010$438,656$432,600 p. 33+1.4%
1402Feb 12, 2010$346,788$342,000 p. 35+1.4%
1507Feb 16, 2010$405,000$405,000 p. 350%
701Feb 17, 2010$725,000$489,127 p. 34+48.2%
704Feb 18, 2010$533,563$524,000 p. 34+1.8%
515Feb 19, 2010$413,813$408,100 p. 33+1.4%
706Feb 19, 2010$469,000$469,000 p. 340%
3002Feb 19, 2010$997,885$980,000 p. 37+1.8%
2501Feb 22, 2010$870,604$905,000 p. 36−3.8%
402Feb 24, 2010$337,920$337,920 p. 330%
707Feb 24, 2010$341,220$336,509 p. 34+1.4%
1601Feb 26, 2010$710,229$697,500 p. 35+1.8%
2407Mar 1, 2010$509,125$459,000 p. 36+10.9%
409Mar 5, 2010$495,501$488,660 p. 33+1.4%
507Mar 5, 2010$495,975$489,127 p. 33+1.4%
1604Mar 5, 2010$564,111$554,000 p. 35+1.8%
401Mar 8, 2010$433,110$427,130 p. 33+1.4%
407Mar 8, 2010$486,133$479,421 p. 33+1.4%
309Mar 15, 2010$495,975$489,131 p. 33+1.4%
512Mar 15, 2010$428,009$422,100 p. 33+1.4%
2607Mar 15, 2010$495,000$471,000 p. 37+5.1%
502Mar 16, 2010$352,872$382,272 p. 33−7.7%
403Mar 18, 2010$453,811$447,545 p. 33+1.4%
501Mar 18, 2010$408,820$403,176 p. 33+1.4%
1002Mar 18, 2010$351,000$351,000 p. 340%
405Mar 19, 2010$493,379$486,567 p. 33+1.4%
1506Mar 19, 2010$495,975$765,000 p. 35−35.2%
505Mar 23, 2010$444,767$438,625 p. 33+1.4%
1802Mar 25, 2010$358,956$354,000 p. 35+1.4%
408Mar 30, 2010$479,421$479,421 p. 330%
2904Mar 31, 2010$584,000$614,000 p. 37−4.9%
509Apr 1, 2010$289,081$285,090 p. 33+1.4%
805Apr 5, 2010$498,888$492,000 p. 34+1.4%
2602Apr 5, 2010$419,289$396,000 p. 36+5.9%
705Apr 8, 2010$521,344$512,000 p. 34+1.8%
2201Apr 13, 2010$802,381$788,000 p. 36+1.8%
2807Apr 13, 2010$470,000$483,000 p. 37−2.7%
1405Apr 21, 2010$545,782$536,000 p. 35+1.8%
1505Apr 21, 2010$545,782$519,650 p. 35+5%
801Apr 22, 2010$712,775$695,000 p. 34+2.6%
1901May 7, 2010$813,859$845,000 p. 35−3.7%
1105May 21, 2010$451,000$527,000 p. 34−14.4%
1707May 28, 2010$425,880$417,000 p. 35+2.1%
2007May 28, 2010$420,000$435,000 p. 36−3.4%
1108Jun 9, 2010$294,060$358,000 p. 34−17.9%
511Jun 14, 2010$404,586$433,300 p. 33−6.6%
503Jun 16, 2010$400,000$464,370 p. 33−13.9%
301Jun 21, 2010$404,586$427,483 p. 33−5.4%
903Jun 21, 2010$640,479$785,000 p. 34−18.4%
1101Jun 22, 2010$656,771$705,000 p. 34−6.8%
1107Jun 22, 2010$350,000$385,000 p. 34−9.1%
604Jun 23, 2010$466,440$552,000 p. 34−15.5%
1805Jun 23, 2010$456,300$568,000 p. 35−19.7%
601Jun 24, 2010$855,000$898,000 p. 33−4.8%
1406Jun 25, 2010$609,932$680,000 p. 35−10.3%
1606Jun 28, 2010$626,224$775,000 p. 35−19.2%
302Jun 29, 2010$273,780$337,920 p. 33−19%
1005Jun 29, 2010$429,989$506,000 p. 34−15%
1503Jun 30, 2010$631,315$832,000 p. 35−24.1%
2507Jun 30, 2010$436,020$465,000 p. 36−6.2%
1504Jul 7, 2010$470,000$547,000 p. 35−14.1%
1204Jul 8, 2010$490,370$520,000 p. 35−5.7%
2306Jul 8, 2010$631,315$770,000 p. 36−18%
804Jul 9, 2010$501,930$513,000 p. 34−2.2%
2402Jul 14, 2010$365,000$390,000 p. 36−6.4%
1007Jul 19, 2010$350,000$375,000 p. 34−6.7%
1804Jul 23, 2010$486,720$568,000 p. 35−14.3%
605Jul 26, 2010$471,510$552,000 p. 34−14.6%
807Jul 26, 2010$335,000$355,000 p. 34−5.6%
2106Aug 9, 2010$626,224$835,000 p. 36−25%
414Aug 11, 2010$370,110$410,200 p. 33−9.8%
1501Aug 20, 2010$712,775$765,000 p. 35−6.8%
2005Aug 20, 2010$490,000$582,000 p. 36−15.8%
2107Aug 20, 2010$442,104$441,000 p. 36+0.3%
2206Aug 24, 2010$610,950$845,000 p. 36−27.7%
2601Aug 31, 2010$778,961$915,000 p. 36−14.9%
1201Sep 1, 2010$655,753$644,000 p. 34+1.8%
2202Sep 1, 2010$352,450$384,000 p. 36−8.2%
1705Sep 7, 2010$470,000$561,000 p. 35−16.2%
1706Sep 8, 2010$595,676$785,000 p. 35−24.1%
411Sep 13, 2010$364,534$422,100 p. 33−13.6%
1806Sep 13, 2010$604,466$795,000 p. 35−24%
2203Sep 14, 2010$730,000$912,000 p. 36−20%
1103Sep 28, 2010$630,703$795,000 p. 34−20.7%
1703Sep 28, 2010$717,866$852,000 p. 35−15.7%
2101Sep 29, 2010$763,688$865,000 p. 36−11.7%
2002Oct 15, 2010$359,970$378,000 p. 36−4.8%
314Oct 26, 2010$354,900$410,200 p. 33−13.5%
1104Oct 29, 2010$450,000$527,000 p. 34−14.6%
2302Nov 1, 2010$355,914$387,000 p. 36−8%
1207Nov 3, 2010$365,040$375,250 p. 35−2.7%
410Nov 8, 2010$377,208$434,000 p. 33−13.1%
2006Nov 22, 2010$599,749$815,000 p. 36−26.4%
1407Dec 6, 2010$404,586$399,000 p. 35+1.4%
311Dec 13, 2010$375,180$422,100 p. 33−11.1%
2204Dec 13, 2010$491,790$596,000 p. 36−17.5%
608Dec 14, 2010$257,962$323,840 p. 34−20.3%
708Dec 21, 2010$303,186$330,000 p. 34−8.1%
2105Dec 22, 2010$481,650$589,000 p. 36−18.2%
2303Dec 22, 2010$748,414$922,000 p. 36−18.8%
306Jan 6, 2011$301,837$348,480 p. 33−13.4%
603Jan 11, 2011$773,870$918,000 p. 33−15.7%
506Jan 14, 2011$309,270$349,184 p. 33−11.4%
2902Jan 18, 2011$370,110$405,000 p. 37−8.6%
3601Jan 31, 2011$1,405,185$1,695,000 p. 38−17.1%
304Feb 24, 2011$345,000$394,100 p. 33−12.5%
2205Feb 25, 2011$473,538$596,000 p. 36−20.5%
1003Mar 1, 2011$636,406$790,000 p. 34−19.4%
907Mar 4, 2011$319,410$347,000 p. 34−8%
2406Mar 8, 2011$656,771$865,000 p. 36−24.1%
1605Mar 10, 2011$466,440$554,000 p. 35−15.8%
904Mar 14, 2011$446,160$517,000 p. 34−13.7%
2503Mar 23, 2011$729,000$942,000 p. 36−22.6%
2104Mar 24, 2011$476,580$589,000 p. 36−19.1%
2102Mar 29, 2011$349,830$381,000 p. 36−8.2%
1803Mar 30, 2011$660,000$862,000 p. 35−23.4%
312Mar 31, 2011$367,068$432,600 p. 33−15.1%
1905Apr 12, 2011$479,115$575,000 p. 35−16.7%
1702Apr 13, 2011$354,900$369,000 p. 35−3.8%
310Apr 19, 2011$372,590$434,000 p. 33−14.1%
504Apr 27, 2011$402,558$435,725 p. 33−7.6%
1106Apr 27, 2011$413,712$483,000 p. 34−14.3%
1403Apr 28, 2011$638,443$822,000 p. 35−22.3%
2505May 4, 2011$490,776$617,000 p. 36−20.5%
2707May 6, 2011$453,512$477,000 p. 37−4.9%
1006May 10, 2011$430,950$476,000 p. 34−9.5%
2305May 20, 2011$475,566$603,000 p. 36−21.1%
2603May 20, 2011$735,000$952,000 p. 36−22.8%
906May 23, 2011$430,950$469,000 p. 34−8.1%
303May 26, 2011$398,502$440,815 p. 33−9.6%
1203May 26, 2011$661,863$731,000 p. 35−9.5%
1904May 26, 2011$466,440$575,000 p. 35−18.9%
514May 31, 2011$375,180$433,300 p. 33−13.4%
1603May 31, 2011$649,134$842,000 p. 35−22.9%
1907Jun 2, 2011$415,000$429,000 p. 36−3.3%
305Jun 3, 2011$471,510$498,098 p. 33−5.3%
2207Jun 3, 2011$446,160$447,000 p. 36−0.2%
308Jun 7, 2011$451,230$464,529 p. 33−2.9%
1902Jun 7, 2011$344,760$375,000 p. 35−8.1%
2405Jun 9, 2011$491,790$610,000 p. 36−19.4%
2404Jun 21, 2011$488,760$610,000 p. 36−19.9%
3207Jun 22, 2011$997,885$1,165,000 p. 37−14.3%
1206Jun 27, 2011$420,810$490,000 p. 35−14.1%
703Jul 8, 2011$685,000$850,000 p. 34−19.4%
2701Aug 8, 2011$799,326$925,000 p. 37−13.6%
2103Aug 9, 2011$710,000$902,000 p. 36−21.3%
3201Aug 10, 2011$1,391,948$1,665,000 p. 37−16.4%
908Aug 16, 2011$304,200$344,000 p. 34−11.6%
802Aug 18, 2011$324,480$341,000 p. 34−4.8%
1903Aug 18, 2011$675,100$872,000 p. 35−22.6%
2502Aug 18, 2011$370,110$393,000 p. 36−5.8%
2802Aug 18, 2011$368,082$402,000 p. 37−8.4%
1607Aug 23, 2011$433,485$411,000 p. 35+5.5%
702Aug 24, 2011$307,648$385,000 p. 34−20.1%
2504Aug 25, 2011$485,453$617,000 p. 36−21.3%
2604Aug 25, 2011$486,720$624,000 p. 36−22%
3603Sep 1, 2011$1,140,440$1,370,000 p. 38−16.8%
3202Sep 6, 2011$828,000$995,000 p. 37−16.8%
3006Sep 27, 2011$1,104,801$1,300,000 p. 37−15%
508Sep 28, 2011$456,300$489,127 p. 33−6.7%
2001Sep 28, 2011$778,961$855,000 p. 36−8.9%
2003Oct 20, 2011$685,000$882,000 p. 36−22.3%
2705Nov 4, 2011$505,986$631,000 p. 37−19.8%
2801Nov 8, 2011$802,381$935,000 p. 37−14.2%
2805Nov 8, 2011$499,902$638,000 p. 37−21.6%
2702Nov 9, 2011$390,390$399,000 p. 37−2.2%
1202Nov 14, 2011$347,173$357,000 p. 34−2.8%
1701Nov 17, 2011$725,000$785,000 p. 35−7.6%
2304Nov 18, 2011$481,650$603,000 p. 36−20.1%
3403Dec 2, 2011$1,130,258$1,355,000 p. 37−16.6%
2004Dec 13, 2011$491,790$582,000 p. 36−15.5%
2804Dec 13, 2011$514,216$638,000 p. 37−19.4%
3304Jan 3, 2012$562,583$669,000 p. 37−15.9%
2605Feb 8, 2012$486,720$624,000 p. 37−22%
2901Feb 8, 2012$829,874$945,000 p. 37−12.2%
3704Feb 22, 2012$600,768$693,000 p. 38−13.3%
2905Feb 27, 2012$529,490$645,000 p. 37−17.9%
3205Feb 27, 2012$880,277$1,065,000 p. 37−17.3%
3204Feb 28, 2012$539,673$663,000 p. 37−18.6%
406Mar 2, 2012$309,270$348,480 p. 33−11.3%
3001Mar 5, 2012$1,420,459$1,650,000 p. 37−13.9%
2704Mar 21, 2012$491,790$631,000 p. 37−22.1%
3203Mar 27, 2012$1,120,075$1,340,000 p. 37−16.4%
2301Apr 13, 2012$770,000$885,000 p. 36−13%
1704Apr 20, 2012$491,790$533,000 p. 35−7.7%
3604Apr 23, 2012$590,585$687,000 p. 38−14%
2506May 2, 2012$672,045$875,000 p. 36−23.2%
2703May 29, 2012$773,870$962,000 p. 37−19.6%
905May 30, 2012$456,300$517,000 p. 34−11.7%
1008Jun 11, 2012$334,620$351,000 p. 34−4.7%
2906Jun 18, 2012$722,958$915,000 p. 37−21%
3504Jun 18, 2012$580,403$681,000 p. 38−14.8%
3607Jun 22, 2012$1,013,159$1,195,000 p. 38−15.2%
2803Jun 25, 2012$775,008$875,000 p. 37−11.4%
3401Jun 26, 2012$1,435,733$1,680,000 p. 37−14.5%
2903Jul 2, 2012$784,053$982,000 p. 37−20.2%
3407Jul 2, 2012$1,008,068$1,180,000 p. 37−14.6%
3402Jul 19, 2012$850,000$1,010,000 p. 37−15.8%
3405Jul 20, 2012$915,000$1,085,000 p. 37−15.7%
3005Jul 27, 2012$906,243$1,050,000 p. 37−13.7%
2606Aug 1, 2012$687,319$885,000 p. 37−22.3%
2403Aug 23, 2012$712,775$840,000 p. 36−15.1%
1208Aug 28, 2012$314,340$365,000 p. 35−13.9%
3404Aug 30, 2012$590,585$675,000 p. 37−12.5%
3004Sep 4, 2012$534,581$651,000 p. 37−17.9%
3007Sep 19, 2012$999,922$1,150,000 p. 37−13.1%
3602Sep 24, 2012$865,513$1,025,000 p. 38−15.6%
2307Oct 2, 2012$446,101$453,000 p. 36−1.5%
3206Oct 12, 2012$1,130,258$1,315,000 p. 37−14%
2706Nov 13, 2012$707,684$806,000 p. 37−12.2%
3003Nov 26, 2012$1,050,000$1,325,000 p. 37−20.8%
602Nov 27, 2012$405,600$420,000 p. 33−3.4%
2401Nov 27, 2012$792,163$895,000 p. 36−11.5%
3606Nov 27, 2012$1,186,261$1,345,000 p. 38−11.8%
3605Dec 12, 2012$941,881$1,095,000 p. 38−14%
2806Dec 13, 2012$702,593$905,000 p. 37−22.4%
3104Dec 18, 2012$474,979$657,000 p. 37−27.7%
3406Dec 27, 2012$1,140,312$1,330,000 p. 37−14.3%
510Jan 22, 2013$425,880$426,525 p. 33−0.2%
1401Jul 15, 2013$999,000$755,000 p. 35+32.3%
100Aug 15, 2013$6,750,000——
200Aug 29, 2013$2,350,000——
150Aug 19, 2014$816,480——
300Aug 19, 2014$816,480——
50Aug 17, 2015$1,231,500——
307Oct 26, 2015$464,529$464,529 p. 330%

Pro

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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
M/F Co-Gen Owner LLC
Developer
Myrtle Avenue Development Associates LLC
Principals
Brandon Baron, Donald Capoccia, Joseph Ferrara
Tax estimate
Metropolitan Valuation Services, Inc.Prepared the first-year real estate tax projection
Construction lender
Wachovia Bank$127.4 million recorded

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

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