THE CONDO BOOK PROJECT

205 14th Street Condominium

205 14th Street, Brooklyn, NY 11215

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Overview

Units
5 residential
Subway
4 min walk to Prospect Av R4 Av-9 St F G R, 5 min
Principals
Elie Fouerti, Robert Saffayeh, Vyacheslav Faybyshev, Gabriel Saffayeh
Average $/sf
$1,777Homes in Schedule A, as first offered
Common charges
$502–$1,148 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 - June 30, 2025
Offering price
$11.9 million total $11.4 million when first offered

The sponsor of record is 205 14th Street LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 326 pages. The sponsor has filed 4 amendments, the latest in April 2025. The nearest other condo plan on file is Ainsley Condominium, next door.

Plan CD230162 · Rehab · accepted Mar 22, 2024 · AG record ↗

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FigureThis building176 1st Place25 units · 1 miaccepted 2024167 Park Slope Residence33 units · 0.2 miaccepted 2024
Common ChargesPer Square Foot / Month$0.51Above peers$0.39$0.47
Average Offering PricePer Apartment$2.28MIn line$2.76M$2.24M
Average PricePer Square Foot$1,777In line$1,823$1,647
Property TaxesPer Square Foot / Month$1.10Highest$0.28$0.40
Average Unit SizeSquare Feet1,283 SFSmaller1,514 SF1,362 SF

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Unit mix, closings, budgets, finishes and the team, against 76 1st Place and 167 Park Slope Residence, 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 closed40% of the homes in Schedule A2 of 5
Closing prices vs. Schedule A2 homes: $4,309,495 at closing against $3,850,000 in Schedule A (p. 57)+11.9%
Average closing price2 homes, on their Schedule A square feet$1,972 / SF
Closingsfirst and latest recordedOct 1, 2025 – Nov 20, 2025

Sales recorded with the Department of Finance (ACRIS) through May 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 2 closings
HomeRecordedClosing priceSchedule ADifference
Penthouse 1Oct 1, 2025$2,205,000$1,900,000 p. 57+16.1%
Penthouse 2Nov 20, 2025$2,104,495$1,950,000 p. 57+7.9%

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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
205 14th Street LLC
Principals
Elie Fouerti, Robert Saffayeh, Vyacheslav Faybyshev, Gabriel Saffayeh
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection

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

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