171 Luquer Street Condominium
171 Luquer Street, Brooklyn, NY 11231
Overview
- Units
- 4 residential
- Subway
- 6 min walk to Smith-9 Sts F GCarroll St F G, 6 min
- Principals
- Gino Vitale
- Average $/sf
- $1,703Homes in Schedule A, as first offered
- Common charges
- $245–$251 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 - June 30, 2025
- Offering price
- $4.8 million total
- Floor plans
- Page 225 of the plan
The sponsor of record is 171 Luquer LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.. The offering plan runs 264 pages. The sponsor has filed 1 amendment, the latest in June 2024. The nearest other condo plan on file is 96 4th Place Condominium, next door.
Plan CD230224 · Rehab · accepted Feb 15, 2024 · AG record ↗
Compare
| Figure | This building1 | 538 Henry24 units · 0.4 miaccepted 2023 | 205 14th35 units · 0.8 miaccepted 2024 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.29Lowest | $0.53 | $0.51 |
| Average Offering PricePer Apartment | $1.6MLowest | $2.14M | $2.28M |
| Average PricePer Square Foot | $1,703In line | $1,624 | $1,777 |
| Property TaxesPer Square Foot / Month | $0.28Lowest | $0.47 | $1.10 |
| Average Unit SizeSquare Feet | 969 SFSmallest | 1,316 SF | 1,283 SF |
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Unit mix, closings, budgets, finishes and the team, against 538 Henry and 205 14th, 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 closed75% of the homes in Schedule A | 3 of 4 |
| Closing prices vs. Schedule A3 homes: $5,169,000 at closing against $4,800,000 in Schedule A (p. 34) | +7.7% |
| Average closing price3 homes, on their Schedule A square feet | $1,834 / SF |
| Closingsfirst and latest recorded | Aug 30, 2024 – Oct 21, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Jan 31, 2025: 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
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3 | Aug 30, 2024 | $1,695,000 | $1,600,000 p. 34 | +5.9% |
| 4 | Sep 6, 2024 | $1,779,000 | $1,600,000 p. 34 | +11.2% |
| 2 | Oct 21, 2024 | $1,695,000 | $1,600,000 p. 34 | +5.9% |
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
- 171 Luquer LLC
- Principals
- Gino Vitale
- Tax estimate
- MREPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 96 4th Place Condominiumnext door · 4 units · 2017
- Francesca Condominiumnext door · 4 units · 2022
- Gabriella Condominiumnext door · 3 units · 2025
- 159 Nelson Street Condominiumnext door · 3 units · 2010
- 140 Luquer Street Condominiumnext door · 0 units · 2020
- Luquer 193next door · 12 units · 2005