THE CONDO BOOK PROJECT

Role Bk

1546 Broadway, Brooklyn, NY 11211

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Overview

Units
10 residential · 3 commercial
Subway
1 min walk to Halsey St JChauncey St J Z, 7 min
Principals
Ka Keung Chan
Average $/sf
$1,111Homes in Schedule A, as first offered
Common charges
$197–$348 a monthSponsor's first-year estimate in Schedule A, For the Period of January 1, 2025 to December 31, 2025
Offering price
$10.8 million total

The sponsor of record is Broadway M&S Development LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 323 pages. The sponsor has filed 3 amendments, the latest in August 2026. The nearest other condo plan on file is Capital Grand Condominium /733 Broadway, next door.

Plan CD240007 · New · accepted Nov 18, 2024 · AG record ↗

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FigureThis building1Katan Court27 units · 0.7 miaccepted 2024Josephine310 units · 1 miaccepted 2024
Common ChargesPer Square Foot / Month$0.34Lowest$0.49$0.57
Average Offering PricePer Apartment$725,230Below peers$778,571$970,500
Average PricePer Square Foot$1,111In line$1,120$1,088
Property TaxesPer Square Foot / Month$1.17Highest$0.58$0.69
Average Unit SizeSquare Feet653 SFSmaller695 SF892 SF

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Unit mix, closings, budgets, finishes and the team, against Katan Court and Josephine, 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 closed30% of the homes in Schedule A3 of 10
Closing prices vs. Schedule A3 homes: $1,675,000 at closing against $2,148,750 in Schedule A (p. 46)−22%
Average closing price3 homes, on their Schedule A square feet$914 / SF
Closingsfirst and latest recordedMar 30, 2026 – May 26, 2026

Sales recorded with the Department of Finance (ACRIS) through Jul 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 3 closings
HomeRecordedClosing priceSchedule ADifference
5AMar 30, 2026$650,000$802,850 p. 46−19%
5BApr 2, 2026$580,000$692,600 p. 46−16.3%
6BMay 26, 2026$445,000$653,300 p. 46−31.9%

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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
Broadway M&S Development LLC
Principals
Ka Keung Chan
Tax estimate
Metropollitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
ROL & Yuanli

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

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