THE CONDO BOOK PROJECT

1845 83rd Street Condo

1845 83rd Street, Brooklyn, NY 11214

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Overview

Units
3 residential · 2 parking
Subway
4 min walk to 18 Av D20 Av D, 7 min
Principals
Gennadiy Borovskiy, Svetlana Borovskiy
Average $/sf
$517Homes in Schedule A, as first offered
Common charges
$108–$158 a monthSponsor's first-year estimate in Schedule A, September 1, 2005 – August 30, 2006
Offering price
$1.46 million total

The sponsor of record is 83rd Street Condominiums LLC, represented by Yevgeny Tsyngauz, Esq.. The offering plan runs 182 pages. The sponsor has filed 2 amendments, the latest in April 2006. The nearest other condo plan on file is 1858-1862 83rd Street Condominium, next door.

Plan CD050237 · New · accepted Dec 16, 2005 · AG record ↗

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FigureThis building135 East 4th26 units · 3.2 miaccepted 20051348 44th33 units · 2.1 miaccepted 2008
Common ChargesPer Square Foot / Month$0.16Below peers$0.25$0.17
Average Offering PricePer Apartment$448,333In line$411,667$637,500
Average PricePer Square Foot$517Above peers$515$434
Property TaxesPer Square Foot / Month$0.15In line$0.06$0.31
Average Unit SizeSquare Feet867 SFIn line800 SF1,730 SF

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Unit mix, closings, budgets, finishes and the team, against 35 East 4th and 1348 44th, 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 A3 of 3
Closing prices vs. Schedule A3 homes: $1,094,100 at closing against $1,345,000 in Schedule A (p. 20)−18.7%
Average closing price3 homes, on their Schedule A square feet$421 / SF
Closingsfirst and latest recordedAug 15, 2006 – Nov 1, 2006

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 2025: 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 3 closings
HomeRecordedClosing priceSchedule ADifference
2Aug 15, 2006$441,090$480,000 p. 20−8.1%
1Aug 18, 2006$218,010$350,000 p. 20−37.7%
3Nov 1, 2006$435,000$515,000 p. 20−15.5%

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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
83rd Street Condominiums LLC
Principals
Gennadiy Borovskiy, Svetlana Borovskiy

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

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