THE CONDO BOOK PROJECT

1544 41st Street Condominium

1544 41st Street, Brooklyn, NY 11218

Overview

Units
3 residential
Subway
5 min walk to Ditmas Av F18 Av F, 11 min
Principals
David Neiman
Offering price
$3 million total

The sponsor of record is David Neiman, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 289 pages. The sponsor has filed 1 amendment, the latest in November 2021. The nearest other condo plan on file is 1525 43rd Street Condominium, next door.

Plan CD200248 · New · accepted Jun 20, 2021 · AG record ↗

Compare

FigureThis building11449 61st23 units · 1 miaccepted 20211447 61st33 units · 1 miaccepted 2021
Average Offering PricePer Apartment$1MAbove peers$978,333$935,000

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Unit mix, closings, budgets, finishes and the team, against 1449 61st and 1447 61st, 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 plan3 of 3
Closingsfirst and latest recordedJan 11, 2022 – Mar 21, 2022

Sales recorded with the Department of Finance (ACRIS) through Jan 31, 2025: 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
3Jan 11, 2022$882,984——
2Feb 10, 2022$865,000——
1Mar 10, 2022$999,900——
4Mar 21, 2022$906,243——

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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
David Neiman
Principals
David Neiman
Tax estimate
Empire Consulting Service, IncPrepared the first-year real estate tax projection

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

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