THE CONDO BOOK PROJECT

174 Jackson Street Condominium

174 Jackson Street, Brooklyn, NY 11211

Overview

Units
8 residential
Subway
4 min walk to Graham Av LGrand St L, 8 min
Principals
Kenneth Kramer, Peter Sansone, Dean Marchi
Offering price
$4.56 million total

The sponsor of record is 174 Jackson Street LLC, represented by Marans, Weisz & Newman LLC. The offering plan runs 271 pages. The sponsor has filed 5 amendments, the latest in September 2011. The nearest other condo plan on file is 180 Jackson Street Condominium, next door.

Plan CD110025 · New · accepted Jun 27, 2011 · AG record ↗

Compare

FigureThis building135 Havemeyer28 units · 0.5 miaccepted 2011Belvedere Xxxii38 units · 0.3 miaccepted 2010
Average Offering PricePer Apartment$570,500Above peers$490,750$562,250

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Unit mix, closings, budgets, finishes and the team, against 35 Havemeyer and Belvedere Xxxii, 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.

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
174 Jackson Street LLC
Principals
Kenneth Kramer, Peter Sansone, Dean Marchi
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Marie Holdings$2 million recorded

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

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