THE CONDO BOOK PROJECT

173 Mcguinness Boulevard Condominium

173 Mcguinness Boulevard, Brooklyn, NY 11222

Overview

Units
24 residential
Subway
6 min walk to Nassau Av GGreenpoint Av G, 6 min
Principals
Guy Peleg
Average $/sf
$1,275Homes in Schedule A, as first offered
Common charges
$420–$1,178 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
Offering price
$24.5 million total

The sponsor of record is Artlife 173-175 Mcguinness LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 336 pages. The sponsor has filed 2 amendments, the latest in June 2025. The nearest other condo plan on file is 183 Mcguinness Boulevard Condominium, next door.

Plan CD220167 · New · accepted Feb 16, 2023 · AG record ↗

Compare

FigureThis building1Parker House224 units · 0 miaccepted 2021Villas At Hausman F/K/A 19 Hausman Street315 units · 0.7 miaccepted 2021
Common ChargesPer Square Foot / Month$0.93Highest$0.57$0.30
Average Offering PricePer Apartment$1.01MIn line$963,167$1.04M
Average PricePer Square Foot$1,275In line$1,426$1,241
Property TaxesPer Square Foot / Month$1.50Highest$1.22$0.99
Average Unit SizeSquare Feet793 SFIn line675 SF839 SF

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Unit mix, closings, budgets, finishes and the team, against Parker House and Villas At Hausman F/K/A 19 Hausman Street, 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 A24 of 24
Closing prices vs. Schedule A24 homes: $25,701,621 at closing against $24,270,000 in Schedule A (p. 50)+5.9%
Average closing price24 homes, on their Schedule A square feet$1,351 / SF
Closingsfirst and latest recordedApr 8, 2024 – May 5, 2025

Sales recorded with the Department of Finance (ACRIS) through Sep 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 24 closings
HomeRecordedClosing priceSchedule ADifference
7AApr 8, 2024$1,525,000$1,375,000 p. 50+10.9%
2CApr 9, 2024$600,000$600,000 p. 500%
3CApr 10, 2024$625,000$625,000 p. 500%
4AApr 12, 2024$1,100,000$995,000 p. 50+10.6%
6AApr 12, 2024$1,150,000$1,050,000 p. 50+9.5%
6CApr 12, 2024$1,510,183$1,350,000 p. 50+11.9%
7BApr 12, 2024$1,731,025$1,650,000 p. 50+4.9%
5CApr 17, 2024$1,100,000$1,025,000 p. 50+7.3%
8BApr 25, 2024$1,700,000$1,600,000 p. 50+6.3%
4CApr 26, 2024$661,863$650,000 p. 50+1.8%
5AApr 26, 2024$1,475,000$1,300,000 p. 50+13.5%
8AApr 29, 2024$1,575,000$1,425,000 p. 50+10.5%
2BMay 13, 2024$782,072$750,000 p. 50+4.3%
6BJun 26, 2024$875,000$825,000 p. 50+6.1%
3AJul 30, 2024$1,075,000$975,000 p. 50+10.3%
2AOct 10, 2024$995,000$925,000 p. 50+7.6%
3BOct 29, 2024$800,073$775,000 p. 50+3.2%
4BNov 15, 2024$850,000$800,000 p. 50+6.3%
1AJan 10, 2025$636,406$675,000 p. 50−5.7%
4DMar 27, 2025$975,000$900,000 p. 50+8.3%
3DApr 11, 2025$910,000$875,000 p. 50+4%
2DApr 17, 2025$875,000$825,000 p. 50+6.1%
5BApr 17, 2025$925,000$850,000 p. 50+8.8%
1BMay 5, 2025$1,250,000$1,450,000 p. 50−13.8%

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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
Artlife 173-175 Mcguinness LLC
Principals
Guy Peleg
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Israel Discount Bank of New York$3 million recorded

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

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