Lighthouse Condominium
1769 East 13th Street, Brooklyn, NY 11229
Overview
- Units
- 11 residential · 3 parking
- Subway
- 5 min walk to Kings Hwy B QAvenue U Q, 13 min
- Developer
- Rychik Development
- Principals
- Sam Rychik, Mike M. Cohen, Yakov Rychik
- Offering price
- $11.3 million total $10.1 million when first offered
- Floor plans
- Page 140 of the plan
The sponsor of record is 1769 East 13th Street LLC, represented by Boris Saks, Esq. Pllc. The offering plan runs 203 pages. The sponsor has filed 7 amendments, the latest in August 2018. The nearest other condo plan on file is Edge Condominium On 12th, next door.
Plan CD150097 · New · accepted Aug 10, 2015 · AG record ↗
Compare
| Figure | This building1 | 2424 Ocean212 units · 0.5 miaccepted 2015 | Highline313 units · 1.7 miaccepted 2017 |
|---|---|---|---|
| Average Offering PricePer Apartment | $922,309Above peers | $715,833 | $889,769 |
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Unit mix, closings, budgets, finishes and the team, against 2424 Ocean and Highline, cited to the offering plans. No credit card required.
Create a free accountHow 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 the plan | 11 of 11 |
| Closingsfirst and latest recorded | Apr 11, 2018 – Dec 31, 2018 |
Sales recorded with the Department of Finance (ACRIS) through Jan 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 11 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 5B | Apr 11, 2018 | $723,083 | — | — |
| 5A | Apr 12, 2018 | $765,000one deed, 2 homes | — | — |
| 3B | Apr 16, 2018 | $738,356 | — | — |
| 6A | May 7, 2018 | $800,000one deed, 2 homes | — | — |
| 2A | May 16, 2018 | $705,000 | — | — |
| 4B | May 30, 2018 | $745,000 | — | — |
| 3A | Jun 4, 2018 | $758,824 | — | — |
| 2B | Jun 12, 2018 | $722,958 | — | — |
| 4A | Jul 11, 2018 | $753,505 | — | — |
| 6B | Sep 27, 2018 | $750,000 | — | — |
| PH | Dec 31, 2018 | $1,131,200one deed, 3 homes | — | — |
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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.
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
- 1769 East 13th Street LLC
- Developer
- Rychik DevelopmentReported by web.archive.org
- Principals
- Sam Rychik, Mike M. Cohen, Yakov Rychik
- Counsel
- Boris Saks, Esq. Pllc
- Tax estimate
- Moseson & Associates Corp.Prepared the first-year real estate tax projection
- Construction lender
- Edvest Rychik KingsLender on the mortgage and building loan agreement recorded November 2013 in ACRIS; $9 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Edge Condominium On 12thnext door · 24 units · 6 parking · 2016
- 1739 East 14th Street Condominiumnext door · 4 units · 2007
- 1733 East 14th Street Condominiumnext door · 4 units · 2006
- Kings Terraces Condominiumnext door · 7 units · 2003
- 1829 & 1833 East 13th St. Condominium0.1 mi · 12 units · 2004
- Royal Court Condominiums0.1 mi · 4 units · 2005