THE CONDO BOOK PROJECT

186 Huron Street Condominium

186 Huron Street, Brooklyn, NY 11222

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Overview

Units
10 residential · 9 storage
Subway
2 min walk to Greenpoint Av GNassau Av G, 12 min
Developer
Greenline Developers Group
Principals
Adam Greenberg, Gilad Tamir, Rafael Nechushtan
Average $/sf
$1,602Homes in Schedule A, as first offered
Common charges
$470–$1,048 a monthSponsor's first-year estimate in Schedule A, July 1, 2022- June 30, 2023
Offering price
$15.7 million total

The sponsor of record is 186 Huron Street Owner LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 342 pages. The sponsor has filed 3 amendments, the latest in February 2023. The nearest other condo plan on file is 184 Huron Street Condominium, next door.

Plan CD210099 · New · accepted Dec 8, 2021 · AG record ↗

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FigureThis building1Huron29 units · 0 miaccepted 2021340 Metropolitan310 units · 1.3 miaccepted 2022
Common ChargesPer Square Foot / Month$0.84Highest$0.69$0.41
Average Offering PricePer Apartment$1.48MIn line$1.46M$1.72M
Average PricePer Square Foot$1,602In line$1,567$1,608
Property TaxesPer Square Foot / Month$0.92In line$0.77$0.95
Average Unit SizeSquare Feet924 SFSmaller929 SF1,068 SF

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Unit mix, closings, budgets, finishes and the team, against Huron and 340 Metropolitan, 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 A10 of 10
Closing prices vs. Schedule A10 homes: $15,464,507 at closing against $14,800,000 in Schedule A (p. 46)+4.5%
Average closing price10 homes, on their Schedule A square feet$1,674 / SF
Closingsfirst and latest recordedJul 11, 2022 – Nov 20, 2023

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2024: 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 10 closings
HomeRecordedClosing priceSchedule ADifference
3CJul 11, 2022$967,338$925,000 p. 46+4.6%
THAJul 12, 2022$1,495,000$1,495,000 p. 460%
2BJul 15, 2022$1,639,383$1,475,000 p. 46+11.1%
PHAJul 15, 2022$2,000,000$1,795,000 p. 46+11.4%
PHBJul 19, 2022$1,843,033$1,625,000 p. 46+13.4%
3AJul 25, 2022$1,574,235$1,525,000 p. 46+3.2%
2AJul 29, 2022$1,550,000$1,495,000 p. 46+3.7%
2CAug 11, 2022$1,017,232$895,000 p. 46+13.7%
THBMay 2, 2023$1,800,000$1,995,000 p. 46−9.8%
3BNov 20, 2023$1,578,288$1,575,000 p. 46+0.2%

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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
186 Huron Street Owner LLC
Developer
Greenline Developers GroupReported by web.archive.org
Principals
Adam Greenberg, Gilad Tamir, Rafael Nechushtan
Tax estimate
MGNY ConsultingPrepared the first-year real estate tax projection
Construction lender
S3 Capital$6.5 million recorded

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

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