THE CONDO BOOK PROJECT

151 Quincy Street Condominium

151 Quincy Street, Brooklyn, NY 11216

Overview

Units
10 residential
Subway
5 min walk to Bedford-Nostrand Avs GClasson Av G, 9 min
Principals
Ariel Sholomov
Average $/sf
$1,130Homes in Schedule A, as first offered
Common charges
$325–$731 a monthSponsor's first-year estimate in Schedule A, Year Projected to Begin: July 1, 2021- June 30, 2022
Offering price
$9.65 million total $9.7 million when first offered

The sponsor of record is 151 Quincy St. Condominiums LLC, represented by The Law Office Of Jay Lichtman, PC. The offering plan runs 372 pages. The sponsor has filed 3 amendments, the latest in July 2021. The nearest other condo plan on file is 149 Quincy Street Condominium, next door.

Plan CD200189 · New · accepted Jan 27, 2021 · AG record ↗

Compare

FigureThis building125 Quincy210 units · 0.3 miaccepted 2021197 Quincy310 units · 0.1 miaccepted 2021
Common ChargesPer Square Foot / Month$0.51Highest$0.35$0.33
Average Offering PricePer Apartment$970,000In line$993,500$935,000
Average PricePer Square Foot$1,130Below peers$1,168$1,333
Property TaxesPer Square Foot / Month$1.22Highest$0.34$0.65
Average Unit SizeSquare Feet858 SFLarger851 SF701 SF

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Unit mix, closings, budgets, finishes and the team, against 25 Quincy and 197 Quincy, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.

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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.

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Closings Pro

Homes closed100% of the homes in Schedule A10 of 10
Closing prices vs. Schedule A10 homes: $9,701,983 at closing against $9,700,000 in Schedule A (p. 33)+0%
Average closing price10 homes, on their Schedule A square feet$1,131 / SF
Closingsfirst and latest recordedSep 30, 2021 – Jul 11, 2022

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 10 closings
HomeRecordedClosing priceSchedule ADifference
2BSep 30, 2021$885,000$925,000 p. 33−4.3%
4BSep 30, 2021$765,000$750,000 p. 33+2%
4CSep 30, 2021$1,478,368$1,475,000 p. 33+0.2%
2AOct 5, 2021$765,000$825,000 p. 33−7.3%
1AOct 7, 2021$980,000$975,000 p. 33+0.5%
1BOct 14, 2021$1,250,000$1,250,000 p. 330%
3BOct 14, 2021$770,000$750,000 p. 33+2.7%
2COct 21, 2021$1,261,406$1,250,000 p. 33+0.9%
3AOct 27, 2021$797,209$750,000 p. 33+6.3%
4AJul 11, 2022$750,000$750,000 p. 330%

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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
151 Quincy St. Condominiums LLC
Principals
Ariel Sholomov
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Quanta Finance$5.5 million recorded

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

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