THE CONDO BOOK PROJECT

Gibraltar Condominium

160 West Street, Brooklyn, NY 11222

Overview

Units
14 residential · 11 parking
Subway
6 min walk to Greenpoint Av GNassau Av G, 16 min
Offering price
$20.4 million total $18.8 million when first offered

The sponsor of record is 160 West Street LLC, represented by Marans Weisz & Newman LLC. The sponsor has filed 17 amendments, the latest in January 2018. The nearest other condo plan on file is 170 West Street Condominium, next door.

Plan CD150104 · New · accepted Sep 2, 2015 · AG record ↗

Closings Pro

Homes closed93% of the homes in the plan13 of 14
Closingsfirst and latest recordedDec 28, 2017 – Mar 20, 2018

Sales recorded with the Department of Finance (ACRIS) through May 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 13 closings
HomeRecordedClosing priceSchedule ADifference
4ADec 28, 2017$1,476,463one deed, 2 homes——
3DDec 29, 2017$1,350,000——
5DJan 2, 2018$1,476,463one deed, 2 homes——
3CJan 3, 2018$795,000——
4DJan 4, 2018$1,345,000——
3AJan 11, 2018$1,359,364one deed, 2 homes——
PHDJan 16, 2018$1,705,569one deed, 2 homes——
PHCJan 19, 2018$1,527,375——
PHAJan 22, 2018$1,900,000one deed, 2 homes——
4BJan 24, 2018$1,450,000one deed, 2 homes——
PHBFeb 7, 2018$2,112,869one deed, 2 homes——
4C/5CFeb 8, 2018$1,853,215one deed, 2 homes——
3BMar 20, 2018$1,370,000——

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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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Team

Sponsor
160 West Street LLC
Construction lender
Valley National BankLender on the mortgage and building loan agreement recorded April 2015 in ACRIS; $8.25 million recorded

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

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