THE CONDO BOOK PROJECT

183 Java Street Condominium

183 Java Street, Brooklyn, NY 11222

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Overview

Units
5 residential
Subway
2 min walk to Greenpoint Av GNassau Av G, 11 min
Principals
Izabela Morawiec, Jaroslaw Morawiec
Average $/sf
$1,820Homes in Schedule A, as first offered
Common charges
$235–$510 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 through June 30, 2025
Offering price
$9.29 million total $8.61 million when first offered

The sponsor of record is 183 Java Street LLC, represented by Rosen Law LLC. The offering plan runs 398 pages. The sponsor has filed 2 amendments, the latest in May 2025. The nearest other condo plan on file is Belvedere Lxxxiv Condominium, next door.

Plan CD230232 · New · accepted Jul 15, 2024 · AG record ↗

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FigureThis building1205 Java26 units · 0.1 miaccepted 2024The Park House35 units · 0.6 miaccepted 2024
Common ChargesPer Square Foot / Month$0.41Below peers$0.51$0.45
Average Offering PricePer Apartment$1.75MBelow peers$2.09M$2.05M
Average PricePer Square Foot$1,820Above peers$1,792$1,714
Property TaxesPer Square Foot / Month$0.67In line$0.87$0.53
Average Unit SizeSquare Feet964 SFSmallest1,167 SF1,194 SF

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Unit mix, closings, budgets, finishes and the team, against 205 Java and The Park House, 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 closed80% of the homes in Schedule A4 of 5
Closing prices vs. Schedule A4 homes: $6,523,978 at closing against $6,780,000 in Schedule A (p. 45)−3.8%
Average closing price4 homes, on their Schedule A square feet$1,836 / SF
Closingsfirst and latest recordedFeb 21, 2025 – Apr 16, 2025

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 4 closings
HomeRecordedClosing priceSchedule ADifference
5Feb 21, 2025$2,028,500$2,195,000 p. 45−7.6%
2Mar 7, 2025$1,700,478$1,795,000 p. 45−5.3%
1Mar 24, 2025$695,000$695,000 p. 450%
4Apr 16, 2025$2,100,000$2,095,000 p. 45+0.2%

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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
183 Java Street LLC
Principals
Izabela Morawiec, Jaroslaw Morawiec
Tax estimate
Rosen Law, LLCPrepared the first-year real estate tax projection

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

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