196-200 South 2nd Street Condominium
196-200 South 2nd Street, Brooklyn, NY 11211
Overview
- Units
- 30 residential
- Subway
- 7 min walk to Marcy Av J M ZBedford Av L, 8 min
- Principals
- Chayem Meisels
- Average $/sf
- $666Homes in Schedule A, as first offered
- Common charges
- $176–$929 a monthSponsor's first-year estimate in Schedule A, January 1, 2007 - December 31, 2007
- Offering price
- $19 million total
- Floor plans
- Page 56 of the plan
The sponsor of record is The Rainwood Trust, represented by Smith, Buss & Jacobs, LLP. The offering plan runs 304 pages. The sponsor has filed 10 amendments, the latest in July 2012. The nearest other condo plan on file is 190 South First Street Condominium, next door.
Plan CD060684 · New · accepted Mar 8, 2007 · AG record ↗
Compare
| Figure | This building1 | 150 North Fifth231 units · 0.3 miaccepted 2007 | 151-153 Manhattan315 units · 0.8 miaccepted 2006 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.38In line | $0.47 | $0.19 |
| Average Offering PricePer Apartment | $633,700In line | $814,548 | $621,000 |
| Average PricePer Square Foot | $666In line | $718 | $659 |
| Average Unit SizeSquare Feet | 952 SFIn line | 1,135 SF | 943 SF |
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Unit mix, closings, budgets, finishes and the team, against 150 North Fifth and 151-153 Manhattan, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 30 of 30 |
| Closing prices vs. Schedule A24 homes: $10,949,533 at closing against $14,948,000 in Schedule A (p. 25) | −26.7% |
| Average closing price24 homes, on their Schedule A square feet | $473 / SF |
| Closingsfirst and latest recorded | Jun 12, 2009 – Jul 11, 2011 |
Sales recorded with the Department of Finance (ACRIS) through Oct 31, 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 30 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3E | Jun 12, 2009 | $395,000 | $449,000 p. 25 | −12% |
| 2I | Jun 17, 2009 | $403,572 | $479,000 p. 25 | −15.7% |
| 4A | Jul 2, 2009 | $610,000 | $785,000 p. 25 | −22.3% |
| 4E | Jul 9, 2009 | $610,950 | $815,000 p. 25 | −25% |
| 3D | Jul 28, 2009 | $390,390 | $445,000 p. 25 | −12.3% |
| 1B | Aug 4, 2009 | $548,837 | $855,000 p. 25 | −35.8% |
| 3B | Aug 6, 2009 | $565,000 | $725,000 p. 25 | −22.1% |
| 4F | Aug 10, 2009 | $651,680 | $805,000 p. 25 | −19% |
| 3H | Sep 1, 2009 | $362,505 | $405,000 p. 25 | −10.5% |
| 1A | Sep 16, 2009 | $522,500 | $865,000 p. 25 | −39.6% |
| 4C | Sep 23, 2009 | $540,000 | $780,000 p. 25 | −30.8% |
| 4D | Sep 23, 2009 | $560,000 | $820,000 p. 25 | −31.7% |
| 1D | Oct 1, 2009 | $423,345 | $655,000 p. 25 | −35.4% |
| 3A | Oct 8, 2009 | $544,764 | $730,000 p. 25 | −25.4% |
| 2D | Oct 29, 2009 | $395,000 | $435,000 p. 25 | −9.2% |
| 1E | Oct 30, 2009 | $475,000 | $679,000 p. 25 | −30% |
| 1C | Feb 25, 2010 | $480,000 | $869,000 p. 25 | −44.8% |
| 2G | Mar 24, 2010 | $325,000 | $456,000 p. 25 | −28.7% |
| 2F | Apr 30, 2010 | $339,690 | $439,000 p. 25 | −22.6% |
| 3I | Apr 30, 2010 | $340,000 | $489,000 p. 25 | −30.5% |
| 3C | Jul 2, 2010 | $485,000 | $685,000 p. 25 | −29.2% |
| 3F | Jul 9, 2010 | $330,000 | $449,000 p. 25 | −26.5% |
| 2H | Aug 17, 2010 | $326,300 | $395,000 p. 25 | −17.4% |
| 2E | Oct 6, 2010 | $325,000 | $439,000 p. 25 | −26% |
| 1F | Jul 11, 2011 | $1,425,000one deed, 6 homes | $645,000 p. 25 | — |
| 2A | Jul 11, 2011 | $1,425,000one deed, 6 homes | $720,000 p. 25 | — |
| 2B | Jul 11, 2011 | $1,425,000one deed, 6 homes | $715,000 p. 25 | — |
| 2C | Jul 11, 2011 | $1,425,000one deed, 6 homes | $745,000 p. 25 | — |
| 3G | Jul 11, 2011 | $1,425,000one deed, 6 homes | $469,000 p. 25 | — |
| 4B | Jul 11, 2011 | $1,425,000one deed, 6 homes | $769,000 p. 25 | — |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- The Rainwood Trust
- Principals
- Chayem Meisels
- Counsel
- Smith, Buss & Jacobs, LLP
- Tax estimate
- Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection
- Construction lenders
- Loan Association, Astoria Federal Savings$7.81 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 190 South First Street Condominiumnext door · 32 units · 22 parking · 2015
- 198 Roebling Street Condominiumnext door · 10 units · 2005
- 210 South 1st Street Condominiumnext door · 6 units · 2005
- 226 South 2nd Street Condominiumnext door · 2 units · 2003
- 207 South 1st Street Condominiumnext door · 5 units · 2006
- 209 South 1st Street Condominiumnext door · 8 units · 2006