THE CONDO BOOK PROJECT

151 State Street Condominium

151 State Street, Brooklyn, NY 11201

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Overview

Units
4 residential
Subway
5 min walk to Borough Hall/Court St 2 3 4 5 RBergen St F G, 8 min
Principals
Alex Maroni, Bren Salamon
Average $/sf
$3,064Homes in Schedule A, as first offered
Common charges
$498–$1,399 a monthSponsor's first-year estimate in Schedule A, January 1, 2026- December 31, 2026
Offering price
$11.9 million total $11.7 million when first offered

The sponsor of record is 151 State LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 357 pages. The sponsor has filed 1 amendment, the latest in February 2026. The nearest other condo plan on file is 153 State Street Condominium, next door.

Plan CD250087 · Rehab · accepted Sep 25, 2025 · AG record ↗

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FigureThis building1350 6th24 units · 1.5 miaccepted 2025300 5th34 units · 1.4 miaccepted 2025
Common ChargesPer Square Foot / Month$0.79Highest$0.51$0.54
Average Offering PricePer Apartment$2.92MHighest$2.39M$1.99M
Average PricePer Square Foot$3,064Highest$2,348$2,118
Property TaxesPer Square Foot / Month$1.56Highest$0.60$0.46
Average Unit SizeSquare Feet955 SFIn line1,017 SF938 SF

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Unit mix, closings, budgets, finishes and the team, against 350 6th and 300 5th, 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: $12,178,361 at closing against $11,700,000 in Schedule A (p. 34)+4.1%
Average closing price4 homes, on their Schedule A square feet$3,190 / SF
Closingsfirst and latest recordedJul 30, 2026 – Aug 14, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 4 closings
HomeRecordedClosing priceSchedule ADifference
2Jul 30, 2026$2,008,159$2,000,000 p. 34+0.4%
3Jul 31, 2026$1,985,588$1,900,000 p. 34+4.5%
1Aug 10, 2026$5,813,171$5,500,000 p. 34+5.7%
4Aug 14, 2026$2,371,444$2,300,000 p. 34+3.1%

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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
151 State LLC
Principals
Alex Maroni, Bren Salamon
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Peapack-Gladstone Bank$5.54 million recorded

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

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