THE CONDO BOOK PROJECT

1 Brooklyn Bay Condominiums

1524 Sheepshead Bay Road (Aka 1501 Voorhies), Brooklyn, NY 11235

Overview

Units
56 residential · 43 parking
Subway
1 min walk to Sheepshead Bay B QNeck Rd Q, 13 min
Principals
Joshua L. Muss, Jason A. Muss
Offering price
$75.4 million total $63.2 million when first offered

The sponsor of record is Md Sheepshead Bay LLC, represented by Belkin Burden Wenig & Goldman, LLP. The offering plan runs 613 pages. The sponsor has filed 18 amendments, the latest in January 2024. The nearest other condo plan on file is 2617 East 16th Street Condominium, next door.

Plan CD160373 · New · accepted May 1, 2017 · AG record ↗

Compare

FigureThis building1Onyx Square256 units · 1.6 miaccepted 2017Q355 units · 1.4 miaccepted 2020
Average Offering PricePer Apartment$1.13MHighest$650,446$382,036

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Unit mix, closings, budgets, finishes and the team, against Onyx Square and Q, 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 the plan56 of 56
Closingsfirst and latest recordedMar 22, 2018 – Sep 30, 2025

Sales recorded with the Department of Finance (ACRIS) through Apr 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 56 closings
HomeRecordedClosing priceSchedule ADifference
22EMar 22, 2018$1,237,174——
21CMar 23, 2018$967,338——
21BMar 28, 2018$560,038——
23DMar 28, 2018$1,025,099——
24DMar 28, 2018$1,045,704——
22CMar 30, 2018$768,779——
20HApr 6, 2018$1,120,075——
21GApr 11, 2018$982,611——
20CApr 19, 2018$1,216,809——
21HApr 20, 2018$1,145,531——
22AApr 20, 2018$1,359,364——
20GApr 30, 2018$1,023,341——
23BMay 1, 2018$1,125,166——
20AMay 23, 2018$534,581——
24CMay 30, 2018$1,094,619——
PH28AMay 30, 2018$1,512,101——
PH28CMay 30, 2018$2,240,150——
25CMay 31, 2018$1,135,349——
PH29DJun 4, 2018$1,512,101——
20FJun 6, 2018$743,323——
21AJun 6, 2018$560,038——
21FJun 6, 2018$743,323——
PH28DJun 7, 2018$1,435,733——
24AJun 8, 2018$1,400,094——
26EJun 20, 2018$1,400,094——
20DJun 21, 2018$1,400,094——
23EJun 28, 2018$1,313,543——
PH29BJul 9, 2018$1,476,463——
20BJul 11, 2018$554,946——
25EJul 13, 2018$1,349,181——
25BAug 6, 2018$1,074,254——
24EAug 9, 2018$1,323,725——
24BNov 2, 2018$972,429——
25ADec 5, 2018$1,330,000——
21DFeb 28, 2019$1,107,838——
20EOct 23, 2019$916,426——
26BNov 7, 2019$962,246——
26CJan 21, 2020$987,703——
27EJun 9, 2020$1,191,353——
PH29AJul 9, 2020$1,272,814——
PH28BMar 11, 2021$1,318,634——
25DDec 17, 2021$926,608——
27BJan 27, 2022$936,790——
21EFeb 11, 2022$895,000——
26AApr 11, 2022$1,262,630——
26DMay 10, 2022$875,000——
27DAug 9, 2022$999,000——
27ASep 27, 2022$1,272,813——
23ASep 30, 2022$1,267,721——
23COct 19, 2023$977,520——
PH30BDec 21, 2023$2,439,600——
PH30AMar 7, 2024$2,443,800——
22BSep 18, 2024$1,311,863——
27CMay 6, 2025$934,703——
PH29CJul 31, 2025$1,725,934——
BASESep 30, 2025$74,176,848——

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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
Md Sheepshead Bay LLC
Principals
Joshua L. Muss, Jason A. Muss
Tax estimate
Marcus & Pollack LLPPrepared the first-year real estate tax projection
Construction lender
Sheepshead Bay Road Lender$126.4 million loan stated in the plan

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

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