THE CONDO BOOK PROJECT

1526 Lincoln Place Condominium

1526 Lincoln Place, Brooklyn, NY 11213

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Overview

Units
8 residential
Subway
7 min walk to Crown Hts-Utica Av 3 4Sutter Av-Rutland Rd 3, 8 min
Principals
Solomon Schwimmer
Average $/sf
$976Homes in Schedule A, as first offered
Common charges
$251–$547 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
Offering price
$5.38 million total $2 million when first offered

The sponsor of record is Sbf 785 LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 309 pages. The sponsor has filed 2 amendments, the latest in October 2023. The nearest other condo plan on file is 1490 Saint Johns Place Condominium, 0.2 mi away.

Plan CD220145 · New · accepted Feb 21, 2023 · AG record ↗

Compare

FigureThis building11489 Sterling Place28 units · 0.2 miaccepted 20221346 Pacific37 units · 1.2 miaccepted 2023
Common ChargesPer Square Foot / Month$0.51In line$0.41$0.57
Average Offering PricePer Apartment$673,000In line$572,250$763,429
Average PricePer Square Foot$976In line$903$994
Property TaxesPer Square Foot / Month$0.62In line$0.31$0.97
Average Unit SizeSquare Feet690 SFIn line634 SF768 SF

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Unit mix, closings, budgets, finishes and the team, against 1489 Sterling Place and 1346 Pacific, 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 A8 of 8
Closing prices vs. Schedule A8 homes: $4,860,000 at closing against $5,384,000 in Schedule A (p. 38)−9.7%
Average closing price8 homes, on their Schedule A square feet$881 / SF
Closingsfirst and latest recordedJan 24, 2024 – Nov 3, 2025

Sales recorded with the Department of Finance (ACRIS) through Jan 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 8 closings
HomeRecordedClosing priceSchedule ADifference
2RJan 24, 2024$550,000$599,000 p. 38−8.2%
2LJan 30, 2024$600,000$650,000 p. 38−7.7%
4RJan 31, 2024$420,000$495,000 p. 38−15.2%
1RMar 5, 2024$640,000$695,000 p. 38−7.9%
3LApr 8, 2024$625,000$675,000 p. 38−7.4%
3RMay 9, 2024$600,000$625,000 p. 38−4%
1LJul 11, 2024$815,000$895,000 p. 38−8.9%
4LNov 3, 2025$610,000$750,000 p. 38−18.7%

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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
Sbf 785 LLC
Principals
Solomon Schwimmer
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
Continental Capital Group, Inc, / Benzion Frankel$2.65 million loan stated in the plan

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

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