151 Newel Street Condominium
151 Newel Street, Brooklyn, NY 11222
Overview
- Units
- 4 residential
- Subway
- 5 min walk to Nassau Av GGreenpoint Av G, 8 min
- Principals
- Meir Daus, Elad Ben-Kimon
- Average $/sf
- $1,540Homes in Schedule A, as first offered
- Common charges
- $337–$686 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 To June 30, 2024
- Offering price
- $8.12 million total $7.48 million when first offered
The sponsor of record is 151 Newel LLC, represented by Eial Girtz, PC. The offering plan runs 255 pages. The sponsor has filed 2 amendments, the latest in October 2023. The nearest other condo plan on file is Newell Condominium, next door.
Plan CD220047 · New · accepted May 17, 2022 · AG record ↗
Compare
| Figure | This building1 | 84 Meserole23 units · 0.3 miaccepted 2022 | 78 Eagle33 units · 0.7 miaccepted 2022 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.36Below peers | $0.45 | $0.37 |
| Average Offering PricePer Apartment | $1.87MBelow peers | $2.3M | $2.2M |
| Average PricePer Square Foot | $1,540Above peers | $1,437 | $1,434 |
| Property TaxesPer Square Foot / Month | $0.74In line | $0.80 | $0.26 |
| Average Unit SizeSquare Feet | 1,214 SFSmallest | 1,601 SF | 1,535 SF |
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Unit mix, closings, budgets, finishes and the team, against 84 Meserole and 78 Eagle, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 4 of 4 |
| Closing prices vs. Schedule A4 homes: $7,885,113 at closing against $7,482,000 in Schedule A (p. 35) | +5.4% |
| Average closing price4 homes, on their Schedule A square feet | $1,623 / SF |
| Closingsfirst and latest recorded | Sep 18, 2023 – Jan 29, 2024 |
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 4 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4 | Sep 18, 2023 | $1,680,113 | $1,590,000 p. 35 | +5.7% |
| 1 | Sep 20, 2023 | $2,450,000 | $2,187,000 p. 35 | +12% |
| 3 | Oct 31, 2023 | $1,895,000 | $1,885,000 p. 35 | +0.5% |
| 2 | Jan 29, 2024 | $1,860,000 | $1,820,000 p. 35 | +2.2% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 151 Newel LLC
- Principals
- Meir Daus, Elad Ben-Kimon
- Counsel
- Eial Girtz, PC
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Newell Condominiumnext door · 8 units · 2009
- 188 Meserole Avenue Condominiumnext door · 7 units · 2006
- Elegant I Condominiumnext door · 4 units · 2009
- 145 Mcguinness Boulevard Condominiumnext door · 10 units · 2010
- 190 Meserole Avenue Condominiumnext door · 7 units · 2006
- 175 Diamond Street Condominiumnext door · 8 units · 2007