THE CONDO BOOK PROJECT

199 Conover Street Condominium

199 Conover Street, Brooklyn, NY 11231

Overview

Units
22 residential · 15 parking
Subway
23 min walk to Smith-9 Sts F GCarroll St F G, 28 min
Principals
Lee Cohen
Average $/sf
$1,294Homes in Schedule A, as first offered
Common charges
$279–$1,017 a monthSponsor's first-year estimate in Schedule A, July 1, 2022- June 30, 2023
Offering price
$37.9 million total

The sponsor of record is Ddg Conover Owner, LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 358 pages. The sponsor has filed 2 amendments, the latest in August 2023. The nearest other condo plan on file is Dikeman House Condominium, next door.

Plan CD210139 · New · accepted Jan 10, 2022 · AG record ↗

Compare

FigureThis building1The Butler Collection234 units · 1.8 miaccepted 2022670 Union314 units · 1.7 miaccepted 2022
Common ChargesPer Square Foot / Month$0.45In line$0.46$0.39
Average Offering PricePer Apartment$1.65MIn line$1.65M$2.05M
Average PricePer Square Foot$1,294Below peers$1,333$1,391
Property TaxesPer Square Foot / Month$0.94Above peers$0.86$0.84
Average Unit SizeSquare Feet1,273 SFIn line1,236 SF1,472 SF

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Unit mix, closings, budgets, finishes and the team, against The Butler Collection and 670 Union, 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 closed95% of the homes in Schedule A21 of 22
Closing prices vs. Schedule A19 homes: $29,763,713 at closing against $30,785,000 in Schedule A (p. 50)−3.3%
Average closing price19 homes, on their Schedule A square feet$1,251 / SF
Closingsfirst and latest recordedJun 20, 2023 – Jun 10, 2025

Sales recorded with the Department of Finance (ACRIS) through Mar 31, 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 21 closings
HomeRecordedClosing priceSchedule ADifference
TH AJun 20, 2023$1,650,000$1,550,000 p. 50+6.5%
PH 3CJun 21, 2023$1,835,000$1,925,000 p. 50−4.7%
TH CJun 27, 2023$1,450,000$1,450,000 p. 500%
TH EJun 30, 2023$952,064$985,000 p. 50−3.3%
3FJul 6, 2023$933,441$925,000 p. 50+0.9%
GDNCJul 12, 2023$999,000——
3GJul 31, 2023$1,449,352$1,475,000 p. 50−1.7%
GDNBAug 1, 2023$2,150,000——
2ASep 18, 2023$1,712,000$1,750,000 p. 50−2.2%
3EOct 16, 2023$1,384,820$1,400,000 p. 50−1.1%
TH DNov 3, 2023$2,035,000$1,995,000 p. 50+2%
TH BNov 20, 2023$1,366,492$1,375,000 p. 50−0.6%
TH HNov 20, 2023$1,739,171$1,750,000 p. 50−0.6%
2BJan 29, 2024$1,527,375$1,750,000 p. 50−12.7%
TH GApr 30, 2024$1,520,000$1,495,000 p. 50+1.7%
PH 3AMay 29, 2024$2,600,000$2,600,000 p. 500%
3HDec 19, 2024$1,220,000$1,300,000 p. 50−6.2%
3DJan 6, 2025$999,000$1,150,000 p. 50−13.1%
TH FJan 29, 2025$1,415,000$1,495,000 p. 50−5.4%
2CMar 12, 2025$1,125,000$1,265,000 p. 50−11.1%
PH 3BJun 10, 2025$2,850,000$3,150,000 p. 50−9.5%

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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
Ddg Conover Owner, LLC
Developer
RedHoek+PartnersReported by 6sqft.com
Principals
Lee Cohen
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Customers Bank

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

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