THE CONDO BOOK PROJECT

Tower 85 Condominium

2066 85th Street, Brooklyn, NY 11214

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Overview

Units
11 residential · 9 parking · 2 commercial
Subway
3 min walk to 20 Av DBay Pkwy D, 4 min
Principals
Keng Lee So
Average $/sf
$730Homes in Schedule A, as first offered
Common charges
$304–$1,273 a monthSponsor's first-year estimate in Schedule A, July 1, 2021- June 30, 2022
Offering price
$11.8 million total $9.74 million when first offered

The sponsor of record is 2066 85 St Bk LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 309 pages. The sponsor has filed 5 amendments, the latest in September 2024. The nearest other condo plan on file is 2050 85th Street Condominium, next door.

Plan CD200077 · New · accepted Feb 11, 2021 · AG record ↗

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FigureThis building1Ridge Park210 units · 0.5 miaccepted 20211575 61st311 units · 1.4 miaccepted 2020
Common ChargesPer Square Foot / Month$0.56Highest$0.40$0.29
Average Offering PricePer Apartment$714,333In line$627,000$1.1M
Average PricePer Square Foot$730In line$792$717
Property TaxesPer Square Foot / Month$0.47In line$0.89$0.05
Average Unit SizeSquare Feet979 SFIn line791 SF1,539 SF

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Unit mix, closings, budgets, finishes and the team, against Ridge Park and 1575 61st, 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 A12 of 12
Closing prices vs. Schedule A12 homes: $10,200,126 at closing against $8,572,000 in Schedule A (p. 39)+19%
Average closing price12 homes, on their Schedule A square feet$868 / SF
Closingsfirst and latest recordedSep 7, 2022 – Sep 17, 2025

Sales recorded with the Department of Finance (ACRIS) through Oct 31, 2025: 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 14 closings
HomeRecordedClosing priceSchedule ADifference
4BSep 7, 2022$831,910$662,000 p. 39+25.7%
3BSep 9, 2022$756,000$438,000 p. 39+72.6%
PS7Sep 9, 2022$756,000——
1AOct 14, 2022$3,304,800$2,018,000 p. 39+63.8%
3AOct 19, 2022$476,580$787,000 p. 39−39.4%
2DDec 28, 2022$534,581$439,000 p. 39+21.8%
4ADec 29, 2022$831,910$712,000 p. 39+16.8%
2AApr 5, 2023$616,041$776,000 p. 39−20.6%
2BApr 10, 2023$631,315$506,000 p. 39+24.8%
2EApr 12, 2023$420,810$400,000 p. 39+5.2%
3DApr 19, 2023$529,791$455,000 p. 39+16.4%
2CJul 2, 2025$560,000$584,000 p. 39−4.1%
3CSep 17, 2025$706,388$795,000 p. 39−11.1%
PS6HSep 17, 2025$706,388——

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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
2066 85 St Bk LLC
Principals
Keng Lee So
Construction lender
Colorado Federal Savings Bank$4.9 million recorded

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

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