THE CONDO BOOK PROJECT

Point Condominiums

191a Richard Street, Brooklyn, NY 11231

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Overview

Units
3 residential
Subway
20 min walk to Smith-9 Sts F GCarroll St F G, 24 min
Principals
Chaim Streicher
Common charges
$236–$293 a monthSponsor's first-year estimate in Schedule A, October 1, 2006
Offering price
$1.91 million total

The sponsor of record is Point Developers, LLC, represented by Kalter, Kaplan, Zeiger & Forman. The offering plan runs 250 pages. The sponsor has filed 1 amendment, the latest in October 2006. The nearest other condo plan on file is 180 Richards Street Condominium, next door.

Plan CD060131 · New · accepted Aug 22, 2006 · AG record ↗

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FigureThis building1372 12th26 units · 1.6 miaccepted 2007Tiffany D Condominiums36 units · 0.9 miaccepted 2007
Average Offering PricePer Apartment$636,667In line$625,500$774,167

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Unit mix, closings, budgets, finishes and the team, against 372 12th and Tiffany D Condominiums, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.

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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.

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Closings Pro

Homes closed100% of the homes in Schedule A3 of 3
Closing prices vs. Schedule A3 homes: $1,807,696 at closing against $1,910,000 in Schedule A (p. 18)−5.4%
Closingsfirst and latest recordedJan 30, 2007 – Feb 16, 2007

Sales recorded with the Department of Finance (ACRIS) through Nov 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
2Jan 30, 2007$499,902$550,000 p. 18−9.1%
3Jan 30, 2007$635,749$680,000 p. 18−6.5%
1Feb 16, 2007$672,045$680,000 p. 18−1.2%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page, here and in ChatGPT or Claude.

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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
Point Developers, LLC
Principals
Chaim Streicher
Tax estimate
Carl Caller, Esq.Prepared the first-year real estate tax projection

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

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