THE CONDO BOOK PROJECT

19 Irving Place Condominium

19 Irving Place, Brooklyn, NY 11238

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Overview

Units
4 residential
Subway
7 min walk to Classon Av GClinton-Washington Avs C, 8 min
Principals
Ohad Yarmovski
Average $/sf
$1,350Homes in Schedule A, as first offered
Common charges
$259–$276 a monthSponsor's first-year estimate in Schedule A, 7/1/2022 - 6/30/2023
Offering price
$4.57 million total $4.57 million when first offered

The sponsor of record is Bsd Irving Gb LLC, represented by Law Office Of Hershy Itzkowitz, Esq. The offering plan runs 296 pages. The sponsor has filed 2 amendments, the latest in September 2023. The nearest other condo plan on file is 11-13 Irving Place Condominium, next door.

Plan CD210337 · Rehab · accepted Jun 3, 2022 · AG record ↗

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FigureThis building1184 Saint Marks24 units · 0.7 miaccepted 2022309 Prospect Place34 units · 0.6 miaccepted 2021
Common ChargesPer Square Foot / Month$0.31Below peers$0.33$0.52
Average Offering PricePer Apartment$1.14MLowest$2.01M$1.57M
Average PricePer Square Foot$1,350In line$1,467$1,232
Property TaxesPer Square Foot / Month$0.16Lowest$0.35$0.41
Average Unit SizeSquare Feet846 SFSmallest1,372 SF1,272 SF

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Unit mix, closings, budgets, finishes and the team, against 184 Saint Marks and 309 Prospect Place, 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.

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
Bsd Irving Gb LLC
Principals
Ohad Yarmovski
Tax estimate
RE Tax Service, IncPrepared the first-year real estate tax projection
Construction lender
Quanta FinanceLender on the mortgage and building loan agreement recorded October 2021 in ACRIS; $3.31 million recorded

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

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