THE CONDO BOOK PROJECT

1513 51st Street Condominium

1513 51st Street, Brooklyn, NY 11219

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Overview

Units
4 residential
Subway
10 min walk to 55 St D50 St D, 11 min
Average $/sf
$932Homes in Schedule A, as first offered
Common charges
$279–$415 a monthSponsor's first-year estimate in Schedule A, 7/1/2025 - 6/30/2026
Offering price
$5.05 million total

The sponsor of record is 1513 51st St LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 248 pages. The sponsor has filed 1 amendment, the latest in September 2025. The nearest other condo plan on file is Balfore, next door.

Plan CD240182 · New · accepted May 14, 2025 · AG record ↗

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FigureThis building11451 59th23 units · 0.4 miaccepted 20241725 68th38 units · 0.9 miaccepted 2025
Common ChargesPer Square Foot / Month$0.25In line$0.23$0.33
Average Offering PricePer Apartment$1.26MIn line$2M$843,750
Average PricePer Square Foot$932In line$873$955
Property TaxesPer Square Foot / Month$1.03Highest$0.59$0.84
Average Unit SizeSquare Feet1,354 SFIn line2,244 SF883 SF

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Unit mix, closings, budgets, finishes and the team, against 1451 59th and 1725 68th, 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 closed50% of the homes in Schedule A2 of 4
Closing prices vs. Schedule A2 homes: $2,698,908 at closing against $2,550,000 in Schedule A (p. 38)+5.8%
Average closing price2 homes, on their Schedule A square feet$1,045 / SF
Closingsfirst and latest recordedMar 9, 2026 – Jun 15, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 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 2 closings
HomeRecordedClosing priceSchedule ADifference
3Mar 9, 2026$1,333,908$1,250,000 p. 38+6.7%
2Jun 15, 2026$1,365,000$1,300,000 p. 38+5%

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Closings are for subscribers

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
1513 51st St LLC
Tax estimate
Re Tax ServicePrepared the first-year real estate tax projection

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

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