THE CONDO BOOK PROJECT

16-24 Jefferson Avenue Condominium

16-24 Jefferson Avenue, Queens, NY 11385

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Overview

Units
6 residential · 4 parking · 6 storage
Subway
5 min walk to Halsey St LMyrtle-Wyckoff Avs L M, 6 min
Principals
Nir Muvdi
Offering price
$6.9 million total $5.02 million when first offered

The sponsor of record is 16 Jefferson Villa LLC, represented by Eial Girtz, PC. The offering plan runs 288 pages. The sponsor has filed 2 amendments, the latest in June 2025. The nearest other condo plan on file is 1647 Hancock Street Condominium, next door.

Plan CD240151 · New · accepted Nov 4, 2024 · AG record ↗

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FigureThis building11811 Menahan26 units · 0.5 miaccepted 20251904 Harman37 units · 0.7 miaccepted 2023
Average Offering PricePer Apartment$836,667Above peers$733,333$779,286

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Unit mix, closings, budgets, finishes and the team, against 1811 Menahan and 1904 Harman, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Queens 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
16 Jefferson Villa LLC
Principals
Nir Muvdi
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
Bayport Funding$3.38 million loan stated in the plan

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

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