THE CONDO BOOK PROJECT

1552 Dahill Road Condominium

1552 Dahill Road, Brooklyn, NY 11204

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Overview

Units
5 residential · 1 commercial
Subway
3 min walk to Avenue P FAvenue N F, 9 min
Principals
Joseph Cohen-Arazi, Marc Edelstein
Average $/sf
$352Homes in Schedule A, as first offered
Offering price
$3.23 million total

The sponsor of record is Dahill Partners LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.. The offering plan runs 282 pages. The sponsor has filed 9 amendments, the latest in March 2013. The nearest other condo plan on file is 2469 65th Street Condominium, next door.

Plan CD050463 · New · accepted Feb 7, 2006 · AG record ↗

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FigureThis building1Crystal Garden29 units · 1.1 miaccepted 20061845 83rd33 units · 1.3 miaccepted 2005
Common ChargesPer Square Foot / Month$0.17Above peers$0.14$0.16
Average Offering PricePer Apartment$538,667In line$972,778$448,333
Average PricePer Square Foot$352Lowest$572$517
Average Unit SizeSquare Feet1,531 SFIn line1,700 SF867 SF

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Unit mix, closings, budgets, finishes and the team, against Crystal Garden and 1845 83rd, 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.

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
Dahill Partners LLC
Principals
Joseph Cohen-Arazi, Marc Edelstein
Tax estimate
Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection

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

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