THE CONDO BOOK PROJECT

193 Hancock Street Condominium

193 Hancock Street, Brooklyn, NY 11216

Overview

Units
2 residential
Subway
5 min walk to Nostrand Av A CFranklin Av C S, 9 min
Principals
Saul Mazor
Average $/sf
$911Homes in Schedule A, as first offered
Common charges
$385–$550 a monthSponsor's first-year estimate in Schedule A, 7/1/2020 - 6/30/2021
Offering price
$4.1 million total

The sponsor of record is 193 Hancock LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 322 pages. The nearest other condo plan on file is 168 Hancock Street Condominium, next door.

Plan CD190053 · New · accepted Feb 20, 2020 · AG record ↗

Compare

FigureThis building1757 Bergen23 units · 0.8 miaccepted 2019533 Throop32 units · 0.4 miaccepted 2021
Common ChargesPer Square Foot / Month$0.21Lowest$0.35$0.42
Average Offering PricePer Apartment$2.05MHighest$1.57M$1.73M
Average PricePer Square Foot$911Below peers$942$1,053
Property TaxesPer Square Foot / Month$0.29Lowest$0.73$0.93
Average Unit SizeSquare Feet2,250 SFLargest1,663 SF1,638 SF

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Unit mix, closings, budgets, finishes and the team, against 757 Bergen and 533 Throop, 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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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
193 Hancock LLC
Principals
Saul Mazor
Tax estimate
Metropolitan Realty Exemptions, IncPrepared the first-year real estate tax projection

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

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