THE CONDO BOOK PROJECT

1765 East 19th Street Condominium

1765 East 19th Street, Brooklyn, NY 11229

Overview

Units
11 residential · 9 parking · 1 commercial
Subway
6 min walk to Kings Hwy B QAvenue U Q, 15 min
Developer
M&S Developers Corp.
Principals
Leonid Katsman, Roza Katsman
Average $/sf
$455Homes in Schedule A, as first offered
Common charges
$227–$443 a monthSponsor's first-year estimate in Schedule A, April 1, 2007
Offering price
$7.03 million total

The sponsor of record is Maryl Properties, LLC, represented by Edward Lukashok, Esq.. The offering plan runs 212 pages. The sponsor has filed 3 amendments, the latest in September 2009. The nearest other condo plan on file is 1773 East 19th Street Condominium, next door.

Plan CD060784 · New · accepted Mar 16, 2007 · AG record ↗

Compare

FigureThis building1Cunningham Park212 units · 0.2 miaccepted 20071835 East 14th37 units · 0.3 miaccepted 2007
Common ChargesPer Square Foot / Month$0.31Highest$0.18$0.19
Average Offering PricePer Apartment$483,000In line$476,306$680,000
Average PricePer Square Foot$455Lowest$550$551
Property TaxesPer Square Foot / Month$0.01Lowest$0.02$0.03
Average Unit SizeSquare Feet1,061 SFIn line866 SF1,235 SF

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Unit mix, closings, budgets, finishes and the team, against Cunningham Park and 1835 East 14th, 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 A11 of 11
Closingsfirst and latest recordedMar 6, 2008 – Apr 14, 2011

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 12 closings
HomeRecordedClosing priceSchedule ADifference
3AMar 6, 2008$328,992——
2AMar 7, 2008$308,256——
5BMar 12, 2008$438,630——
5CMar 14, 2008$661,938——
2CMar 19, 2008$585,569——
3BApr 3, 2008$405,675——
4BApr 7, 2008$455,361——
4AMay 22, 2008$341,793——
2BJun 11, 2008$450,000——
4CFeb 26, 2009$527,454——
3CMar 2, 2009$497,874——
MEDICApr 14, 2011$798,444——

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Closings are for subscribers

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
Maryl Properties, LLC
Developer
M&S Developers Corp.
Principals
Leonid Katsman, Roza Katsman
Tax estimate
Empire Consulting Services, Inc.Prepared the first-year real estate tax projection

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

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