THE CONDO BOOK PROJECT

166 Washington Avenue Condominium

166 Washington Avenue, Brooklyn, NY 11205

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Overview

Units
7 residential
Subway
8 min walk to Clinton-Washington Avs GClasson Av G, 14 min
Principals
David Shalom
Average $/sf
$1,501Homes in Schedule A, as first offered
Common charges
$350–$885 a monthSponsor's first-year estimate in Schedule A, Year Projected to Begin: July 1, 2025-June 30, 2026
Offering price
$9.19 million total $9.2 million when first offered

The sponsor of record is Lian 166 Washington LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 367 pages. The sponsor has filed 3 amendments, the latest in April 2026. The nearest other condo plan on file is 162 Washington Avenue Condominium, next door.

Plan CD240244 · Rehab · accepted Jan 13, 2025 · AG record ↗

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FigureThis building1772 Metropolitan29 units · 1.9 miaccepted 2025744 Park Place38 units · 1.6 miaccepted 2025
Common ChargesPer Square Foot / Month$0.53In line$0.81$0.35
Average Offering PricePer Apartment$1.31MIn line$1.23M$2.13M
Average PricePer Square Foot$1,501Below peers$1,526$1,686
Property TaxesPer Square Foot / Month$0.44In line$0.61$0.22
Average Unit SizeSquare Feet875 SFIn line805 SF1,261 SF

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Unit mix, closings, budgets, finishes and the team, against 772 Metropolitan and 744 Park Place, 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 closed43% of the homes in Schedule A3 of 7
Closing prices vs. Schedule A3 homes: $2,847,000 at closing against $2,965,000 in Schedule A (p. 34)−4%
Average closing price3 homes, on their Schedule A square feet$1,293 / SF
Closingsfirst and latest recordedSep 10, 2025 – Jun 9, 2026

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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
3BSep 10, 2025$995,000$985,000 p. 34+1%
4BSep 30, 2025$992,000$995,000 p. 34−0.3%
2BJun 9, 2026$860,000$985,000 p. 34−12.7%

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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
Lian 166 Washington LLC
Principals
David Shalom
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Quanta Finance$3.5 million recorded

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

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