THE CONDO BOOK PROJECT

187 Gates Avenue Condominium

187 Gates Avenue, Brooklyn, NY 11238

Overview

Units
4 residential
Subway
6 min walk to Classon Av GClinton-Washington Avs C, 7 min
Offering price
$4.94 million total $4.5 million when first offered

The sponsor of record is Gates 187 LLC, represented by Phillips Nizer LLP. The sponsor has filed 4 amendments, the latest in November 2019. The nearest other condo plan on file is 179 Gates Avenue Condominium, next door.

Plan CD170304 · New · accepted Jul 26, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan4 of 4
Closingsfirst and latest recordedJun 10, 2019 – Jul 7, 2021

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2021: 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
3Jun 10, 2019$955,000——
2Jan 3, 2020$799,000——
4Mar 13, 2021$1,350,000——
1Jul 7, 2021$1,275,000——

Pro

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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Team

Sponsor
Gates 187 LLC

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

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