THE CONDO BOOK PROJECT

183 Mcguinness Boulevard Condominium

183 Mcguinness Boulevard, Brooklyn, NY 11222

Overview

Units
24 residential
Subway
6 min walk to Greenpoint Av GNassau Av G, 6 min
Principals
Shulem Jacobowitz
Average $/sf
$1,426Homes in Schedule A, as first offered
Common charges
$226–$589 a monthSponsor's first-year estimate in Schedule A, July 1, 2022 - June 30, 2022
Offering price
$22.9 million total $23.1 million when first offered

The sponsor of record is 183 Mcguiness LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 349 pages. The sponsor has filed 2 amendments, the latest in November 2022. The nearest other condo plan on file is 173 Mcguinness Boulevard Condominium, next door.

Plan CD210223 · New · accepted Nov 29, 2021 · AG record ↗

Compare

FigureThis building1The North244 units · 0.8 miaccepted 2022Villas At Hausman F/K/A 19 Hausman Street315 units · 0.7 miaccepted 2021
Common ChargesPer Square Foot / Month$0.57In line$0.82$0.30
Average Offering PricePer Apartment$963,167Below peers$1.12M$1.04M
Average PricePer Square Foot$1,426In line$1,478$1,241
Property TaxesPer Square Foot / Month$1.22Highest$0.51$0.99
Average Unit SizeSquare Feet675 SFSmaller755 SF839 SF

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Unit mix, closings, budgets, finishes and the team, against The North 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: $22,183,125 at closing against $23,116,000 in Schedule A (p. 36)−4%
Average closing price24 homes, on their Schedule A square feet$1,369 / SF
Closingsfirst and latest recordedDec 15, 2022 – Jul 31, 2024

Sales recorded with the Department of Finance (ACRIS) through Apr 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
3DDec 15, 2022$980,870$1,070,000 p. 36−8.3%
4BDec 20, 2022$701,000$742,000 p. 36−5.5%
6DDec 28, 2022$1,140,000$1,149,000 p. 36−0.8%
5CJan 5, 2023$738,000$783,000 p. 36−5.7%
3BJan 10, 2023$685,000$725,000 p. 36−5.5%
3AJan 30, 2023$1,103,000$1,134,000 p. 36−2.7%
4DFeb 9, 2023$1,030,000$1,081,000 p. 36−4.7%
2DMar 1, 2023$999,000$1,100,000 p. 36−9.2%
3CMar 20, 2023$750,450$737,000 p. 36+1.8%
1AMar 29, 2023$633,000$649,000 p. 36−2.5%
6CMar 31, 2023$775,000$800,000 p. 36−3.1%
4CApr 17, 2023$750,000$754,000 p. 36−0.5%
5DApr 24, 2023$1,160,805$1,137,000 p. 36+2.1%
6BJun 2, 2023$750,000$788,000 p. 36−4.8%
5BJun 26, 2023$730,000$771,000 p. 36−5.3%
4AJul 12, 2023$1,156,000$1,151,000 p. 36+0.4%
6AJul 20, 2023$1,208,000$1,213,000 p. 36−0.4%
1CAug 23, 2023$1,190,000$1,586,000 p. 36−25%
1BAug 24, 2023$695,000$613,000 p. 36+13.4%
2BAug 24, 2023$850,000$711,000 p. 36+19.5%
2CAug 24, 2023$725,000$569,000 p. 36+27.4%
5AJan 4, 2024$1,164,000$1,179,000 p. 36−1.3%
2AJun 3, 2024$1,070,000$1,120,000 p. 36−4.5%
1DJul 31, 2024$1,199,000$1,554,000 p. 36−22.8%

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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
183 Mcguiness LLC
Principals
Shulem Jacobowitz
Tax estimate
RE Tax ServicePrepared the first-year real estate tax projection
Construction lender
S3 Capital$11.4 million recorded

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

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