198a Kent Street Condominium

198a Kent Street, Brooklyn, NY 11222

Overview

Units: 5 residential
Subway: 2 min walk to Greenpoint Av GNassau Av G, 10 min
Principals: Nadav Hamo
Average $/sf: $916Homes in Schedule A, as first offered
Common charges: $241–$564 a monthSponsor's first-year estimate in Schedule A, January 1, 2018- December 31, 2018
Offering price: $6.21 million total $4.32 million when first offered
Floor plans: Pages 174–176 of the plan

The sponsor of record is Kent Building Development LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 343 pages. The sponsor has filed 5 amendments, the latest in May 2019. The nearest other condo plan on file is Belvedere Xxxviii Condominium, next door.

Plan CD170002 · New · accepted Apr 26, 2017 · AG record ↗

Compare

Figure	This building¹	180 Jackson²5 units · 1.1 miaccepted 2017	55 Maspeth³6 units · 1.2 miaccepted 2017
Common ChargesPer Square Foot / Month	$0.41Above peers	$0.40	$0.31
Average Offering PricePer Apartment	$864,600In line	$857,800	$1.08M
Average PricePer Square Foot	$916In line	$889	$993
Property TaxesPer Square Foot / Month	$0.62Below peers	$0.63	$0.97
Average Unit SizeSquare Feet	944 SFSmaller	965 SF	1,092 SF

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Unit mix, closings, budgets, finishes and the team, against 180 Jackson and 55 Maspeth, 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 closed100% of the homes in Schedule A	5 of 5
Closing prices vs. Schedule A5 homes: $5,688,314 at closing against $4,323,000 in Schedule A (p. 30)	+31.6%
Average closing price5 homes, on their Schedule A square feet	$1,205 / SF
Closingsfirst and latest recorded	Nov 13, 2019 – Dec 17, 2019

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 5 closings

Home	Recorded	Closing price	Schedule A	Difference
2	Nov 13, 2019	$1,250,000	$999,000 p. 30	+25.1%
3F	Nov 13, 2019	$699,000	$565,000 p. 30	+23.7%
3R	Nov 14, 2019	$711,757	$565,000 p. 30	+26%
4	Nov 14, 2019	$1,490,000	$1,195,000 p. 30	+24.7%
1	Dec 17, 2019	$1,537,558	$999,000 p. 30	+53.9%