2 Northside Piers Condominium
2 North 5th Street;A/K/A 2 Northside Piers, Brooklyn, NY 11211
Overview
- Units
- 270 residential · 1 commercial
- Subway
- 9 min walk to Bedford Av LMetropolitan Av/Lorimer St G L, 16 min
- Developers
- Toll Brothers, L&M Equity Participants, Ltd.
- Principals
- David Von Spreckelsen, Richard Hartman, Ronald Moelis, Jay Furman
- Offering price
- $239.6 million total
- Floor plans
- Page 225 of the plan
The sponsor of record is Kent Avenue Property 2, LLC, represented by Seiden & Schein, P.C.. The offering plan runs 766 pages. The sponsor has filed 14 amendments, the latest in August 2012. The nearest other condo plan on file is Edge 11211/22 North 6th St., next door.
Plan CD070729 · New · accepted Aug 25, 2008 · AG record ↗
Compare
| Figure | This building1 | Toren2240 units · 2.1 miaccepted 2008 | 7 Metrotech3249 units · 2.2 miaccepted 2006 |
|---|---|---|---|
| Average Offering PricePer Apartment | $887,234In line | $642,026 | $991,839 |
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Unit mix, closings, budgets, finishes and the team, against Toren and 7 Metrotech, cited to the offering plans. No credit card required.
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- 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.
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
- Kent Avenue Property 2, LLC
- Developers
- Toll Brothers, L&M Equity Participants, Ltd.
- Principals
- David Von Spreckelsen, Richard Hartman, Ronald Moelis, Jay Furman
- Counsel
- Seiden & Schein, P.C.
- Tax estimate
- Metropolitan Valuation Services, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Citibank
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Edge 11211/22 North 6th St.next door · 557 units · 2008
- Austin Nichols House Condominiumnext door · 338 units · 1 parking · 2016
- 1 Northside Piers Condominiumnext door · 181 units · 2006
- 127 Kent Avenue Condominium0.1 mi · 43 units · 2025
- 76 North 6th Street Condominium0.2 mi · 3 units · 2019
- 58 North 3rd Street Condominium0.2 mi · 4 units · 2011