THE CONDO BOOK PROJECT

Ridgewood Place Condominium

16 Ridgewood Place, Brooklyn, NY 11237

Overview

Units
2 residential
Subway
3 min walk to Myrtle-Wyckoff Avs L MHalsey St L, 8 min
Principals
Alen Paknoush
Average $/sf
$769Homes in Schedule A, as first offered
Common charges
$315–$348 a monthSponsor's first-year estimate in Schedule A, September 1, 2025 to August 31, 2026
Offering price
$4 million total

The sponsor of record is Ridgewood Plaza Igy LLC, represented by Rothkrug Rothkrug & Spector, LLP. The offering plan runs 321 pages. The sponsor has filed 1 amendment, the latest in October 2025. The nearest other condo plan on file is Ridgewood Place Condominium, next door.

Plan CD250027 · New · accepted Jun 26, 2025 · AG record ↗

Compare

FigureThis building11385 Dekalb22 units · 0.7 miaccepted 2026134 Weirfield32 units · 0.6 miaccepted 2024
Common ChargesPer Square Foot / Month$0.13Lowest$0.29$0.20
Average Offering PricePer Apartment$2MHighest$1.25M$1.5M
Average PricePer Square Foot$769In line$664$870
Property TaxesPer Square Foot / Month$0.15Lowest$0.67$0.29
Average Unit SizeSquare Feet2,600 SFLargest1,883 SF1,722 SF

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Unit mix, closings, budgets, finishes and the team, against 1385 Dekalb and 134 Weirfield, 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
Ridgewood Plaza Igy LLC
Principals
Alen Paknoush
Tax estimate
Rothkrug & RothkrugPrepared the first-year real estate tax projection

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

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