THE CONDO BOOK PROJECT

Imperial Park Condominium

150 Ocean Parkway, Brooklyn, NY 11218

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Overview

Units
26 residential
Subway
5 min walk to Fort Hamilton Pkwy F GChurch Av F G, 7 min
Principals
Anthony Piscione, Marcello Klajnbart, Michael J. Marino
Offering price
$9.05 million total

The sponsor of record is Ocean Parkway Associates 150, LLP, represented by Lauren Ball Attorney At Law. The offering plan runs 253 pages. The sponsor has filed 8 amendments, the latest in September 2009. The nearest other condo plan on file is 190 East 7th Street Condominium, 0.1 mi away.

Plan CD010148 · New · accepted Mar 4, 2002 · AG record ↗

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FigureThis building1Oslo213 units · 1.3 miaccepted 2004Park Slope Gardens Condominiums330 units · 1.9 miaccepted 2004
Average Offering PricePer Apartment$348,185In line$331,923$625,800

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Unit mix, closings, budgets, finishes and the team, against Oslo and Park Slope Gardens Condominiums, 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.

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
Ocean Parkway Associates 150, LLP
Principals
Anthony Piscione, Marcello Klajnbart, Michael J. Marino
Tax estimate
Victor Gartenstein, P.C.Prepared the first-year real estate tax projection

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

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