Homecrest Condominium
1670 East 19th Street, Brooklyn, NY 11229
Overview
- Units
- 22 residential · 6 parking
- Subway
- 4 min walk to Kings Hwy B QAvenue M Q, 16 min
- Principals
- Joshua Markovics, Menachem Markovics, Yechiel Bromberg
- Average $/sf
- $747Homes in Schedule A, as first offered
- Common charges
- $375–$722 a monthSponsor's first-year estimate in Schedule A, January 1, 2022 - December 31, 2022
- Offering price
- $11 million total $10.4 million when first offered
- Floor plans
- Page 5 of the plan
The sponsor of record is Royal 19th Street LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 309 pages. The sponsor has filed 2 amendments, the latest in June 2021. The nearest other condo plan on file is Levkov Residences Condominium, next door.
Plan CD200056 · New · accepted Jun 23, 2020 · AG record ↗
Compare
| Figure | This building1 | Nuovo223 units · 0.4 miaccepted 2020 | 168 Avenue P330 units · 1.4 miaccepted 2021 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.83Above peers | $0.75 | $0.37 |
| Average Offering PricePer Apartment | $458,955Below peers | $463,087 | $719,233 |
| Average PricePer Square Foot | $747In line | $706 | $784 |
| Property TaxesPer Square Foot / Month | $1.19Above peers | $1.14 | $0.72 |
| Average Unit SizeSquare Feet | 614 SFSmaller | 656 SF | 917 SF |
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Unit mix, closings, budgets, finishes and the team, against Nuovo and 168 Avenue P, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 22 of 22 |
| Closing prices vs. Schedule A22 homes: $10,124,622 at closing against $10,097,000 in Schedule A (p. 42, p. 43) | +0.3% |
| Average closing price22 homes, on their Schedule A square feet | $749 / SF |
| Closingsfirst and latest recorded | Dec 20, 2021 – Aug 11, 2022 |
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 22 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4B | Dec 20, 2021 | $322,000 | $367,500 p. 42 | −12.4% |
| 5C | Dec 29, 2021 | $754,000 | $675,000 p. 43 | +11.7% |
| 7A | Jan 4, 2022 | $855,000 | $799,000 p. 43 | +7% |
| 3A | Jan 5, 2022 | $425,000 | $435,000 p. 42 | −2.3% |
| 4D | Jan 6, 2022 | $329,550 | $327,500 p. 43 | +0.6% |
| 5B | Jan 6, 2022 | $370,110 | $375,000 p. 43 | −1.3% |
| 2B | Jan 13, 2022 | $345,000 | $345,000 p. 42 | 0% |
| 2D | Jan 13, 2022 | $304,254 | $299,000 p. 42 | +1.8% |
| 8B | Jan 18, 2022 | $355,000 | $359,000 p. 43 | −1.1% |
| 4A | Jan 19, 2022 | $442,500 | $442,500 p. 42 | 0% |
| 6B | Jan 20, 2022 | $367,068 | $382,500 p. 43 | −4% |
| 3D | Jan 28, 2022 | $319,000 | $319,000 p. 42 | 0% |
| 3B | Feb 11, 2022 | $345,000 | $359,000 p. 42 | −3.9% |
| 2A | Feb 24, 2022 | $399,000 | $415,000 p. 42 | −3.9% |
| 7B | Mar 17, 2022 | $322,000 | $349,000 p. 43 | −7.7% |
| 6A | Mar 18, 2022 | $475,000 | $499,500 p. 43 | −4.9% |
| 3C | Mar 22, 2022 | $465,000 | $465,000 p. 42 | 0% |
| 5A | Apr 7, 2022 | $458,000 | $489,000 p. 43 | −6.3% |
| 2C | May 18, 2022 | $414,000 | $445,000 p. 42 | −7% |
| 6C | Jun 3, 2022 | $733,140 | $689,500 p. 43 | +6.3% |
| 8A | Jul 22, 2022 | $849,000 | $785,000 p. 43 | +8.2% |
| 4C | Aug 11, 2022 | $476,000 | $475,000 p. 42 | +0.2% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Royal 19th Street LLC
- Principals
- Joshua Markovics, Menachem Markovics, Yechiel Bromberg
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Levkov Residences Condominiumnext door · 10 units · 7 parking · 2013
- King Levkov Condominium Associationnext door · 18 units · 7 parking · 2016
- Skyline Condominiumnext door · 20 units · 21 parking · 2016
- Kings Point Condominiumnext door · 15 units · 2022
- Levkov Condominiumnext door · 12 units · 8 parking · 2010
- Kings Highway Condominium Iinext door · 20 units · 8 parking · 2009