THE CONDO BOOK PROJECT

Stanhope Foundry

196 Stanhope Street, Brooklyn, NY 11237

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Overview

Units
10 residential · 1 commercial
Subway
4 min walk to Knickerbocker Av MDeKalb Av L, 6 min
Developer
Stonehill Development LLC
Principals
Benjamin Yam, Guan Shawn Wang, Haoji Yu
Average $/sf
$1,135Homes in Schedule A, as first offered
Common charges
$429–$705 a monthSponsor's first-year estimate in Schedule A, January 1, 2026 to December 31, 2026
Offering price
$10.6 million total $9.71 million when first offered

The sponsor of record is Stanhope Real Estate Development LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 366 pages. The sponsor has filed 1 amendment, the latest in April 2026. The nearest other condo plan on file is 197 Himrod Street Condominium, next door.

Plan CD250061 · New · accepted Dec 31, 2025 · AG record ↗

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FigureThis building11073 Willoughby28 units · 0.3 miaccepted 2025833 Knickerbocker310 units · 0.9 miaccepted 2025
Common ChargesPer Square Foot / Month$0.81Highest$0.63$0.51
Average Offering PricePer Apartment$786,000Below peers$815,000$825,060
Average PricePer Square Foot$1,135In line$1,136$1,094
Property TaxesPer Square Foot / Month$0.49Below peers$0.81$0.53
Average Unit SizeSquare Feet692 SFSmaller717 SF754 SF

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Unit mix, closings, budgets, finishes and the team, against 1073 Willoughby and 833 Knickerbocker, 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.

Closings Pro

Homes closed30% of the homes in Schedule A3 of 10
Closing prices vs. Schedule A3 homes: $2,570,000 at closing against $2,570,000 in Schedule A (p. 47)0%
Average closing price3 homes, on their Schedule A square feet$1,107 / SF
Closingsfirst and latest recordedAug 10, 2026 – Aug 28, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2026: 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
3AAug 10, 2026$895,000$895,000 p. 470%
4AAug 10, 2026$915,000$915,000 p. 470%
2BAug 28, 2026$760,000$760,000 p. 470%

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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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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
Stanhope Real Estate Development LLC
Developer
Stonehill Development LLC
Principals
Benjamin Yam, Guan Shawn Wang, Haoji Yu
Tax estimate
SJP Tax Consultants Inc.Prepared the first-year real estate tax projection
Construction lender
Ponce Bank$4 million recorded

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

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