THE CONDO BOOK PROJECT

Calyer Greenpoint

171 Calyer Street, Brooklyn, NY 11222

Overview

Units
21 residential · 12 parking · 15 storage · 2 commercial
Subway
4 min walk to Greenpoint Av GNassau Av G, 5 min
Principals
Mark Adjmi, Salomon Cojab Moadeb
Average $/sf
$1,389Homes in Schedule A, as first offered
Offering price
$27.1 million total $41.9 million when first offered

The sponsor of record is 171 Calyer Street Project LLC, represented by Seyfarth Shaw, LLP. The offering plan runs 781 pages. The sponsor has filed 9 amendments, the latest in January 2025. The nearest other condo plan on file is 807 Manhattan Avenue Condominium, next door.

Plan CD230014 · New · accepted Jun 23, 2023 · AG record ↗

Compare

FigureThis building1The Lumin224 units · 0.2 miaccepted 2023110 North 1st338 units · 1 miaccepted 2023
Common ChargesPer Square Foot / Month$0.90Below peers$0.93$0.91
Average Offering PricePer Apartment$1.91MAbove peers$1.01M$1.89M
Average PricePer Square Foot$1,389In line$1,275$1,640
Average Unit SizeSquare Feet1,372 SFLargest793 SF1,153 SF

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Unit mix, closings, budgets, finishes and the team, against The Lumin and 110 North 1st, 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 closed100% of the homes in Schedule A21 of 21
Closing prices vs. Schedule A1 home: $3,399,000 at closing against $2,995,000 in Schedule A (p. 96)+13.5%
Average closing price1 home, on their Schedule A square feet$1,657 / SF
Closingsfirst and latest recordedFeb 29, 2024 – Nov 17, 2025

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 21 closings
HomeRecordedClosing priceSchedule ADifference
R 3BFeb 29, 2024$1,499,000——
R 3CFeb 29, 2024$2,445,000——
R 2CMar 4, 2024$2,395,000——
R 3DMar 4, 2024$1,150,000——
R 2DMar 18, 2024$1,125,000——
R 4AApr 8, 2024$3,050,000——
R 2AApr 19, 2024$2,295,000——
R 3AMay 29, 2024$2,250,000——
R 3GMay 31, 2024$1,009,932——
R PHJul 15, 2024$3,495,000——
R 2BAug 20, 2024$1,489,191——
R 5CDec 9, 2024$1,800,000——
R 3EJan 10, 2025$1,925,000——
R 5AFeb 3, 2025$2,607,500——
R 3FFeb 13, 2025$1,999,000——
R 5EFeb 14, 2025$1,595,000——
R 5DFeb 20, 2025$1,999,000——
R 2EApr 1, 2025$2,250,000——
R 4DAug 27, 2025$2,350,000——
4BSep 25, 2025$3,399,000$2,995,000 p. 96+13.5%
R 4CNov 17, 2025$3,583,629——

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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
171 Calyer Street Project LLC
Principals
Mark Adjmi, Salomon Cojab Moadeb
Tax estimate
Metropolitan RealtyPrepared the first-year real estate tax projection
Construction lender
Israel Discount Bank of New York$22 million loan stated in the plan

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

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