THE CONDO BOOK PROJECT

207 North 8th Street Condominiums

207 North 8th Street, Brooklyn, NY 11217

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Overview

Units
4 residential · 1 parking
Subway
2 min walk to Bedford Av LMetropolitan Av/Lorimer St G L, 7 min
Developer
The RYL Group
Principals
Massimo Cocco, Rueben Pinner
Average $/sf
$1,746Homes in Schedule A, as first offered
Common charges
$569–$1,271 a monthSponsor's first-year estimate in Schedule A, March 1, 2024 to February 28, 2025
Offering price
$13.8 million total $11.3 million when first offered

The sponsor of record is 207 N 8th Properties LLC, represented by Jlc & Associates. The offering plan runs 378 pages. The sponsor has filed 3 amendments, the latest in August 2024. The nearest other condo plan on file is Bedford Condominium, next door.

Plan CD230147 · New · accepted Oct 26, 2023 · AG record ↗

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FigureThis building1232 South 2nd24 units · 0.4 miaccepted 2023181 Jackson34 units · 0.6 miaccepted 2023
Common ChargesPer Square Foot / Month$0.48Below peers$0.49$0.78
Average Offering PricePer Apartment$3.08MHighest$1.85M$1.86M
Average PricePer Square Foot$1,746In line$1,768$1,672
Property TaxesPer Square Foot / Month$0.95Below peers$0.99$0.98
Average Unit SizeSquare Feet1,761 SFLargest1,046 SF1,114 SF

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Unit mix, closings, budgets, finishes and the team, against 232 South 2nd and 181 Jackson, 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 A4 of 4
Closing prices vs. Schedule A2 homes: $8,340,000 at closing against $8,000,000 in Schedule A (p. 39)+4.2%
Average closing price2 homes, on their Schedule A square feet$1,843 / SF
Closingsfirst and latest recordedJun 21, 2024 – Feb 14, 2025

Sales recorded with the Department of Finance (ACRIS) through Mar 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 5 closings
HomeRecordedClosing priceSchedule ADifference
4Jun 21, 2024$2,100,000——
PARKIJun 26, 2024$4,600,000——
THJun 26, 2024$4,600,000$4,000,000 p. 39+15%
3Aug 15, 2024$2,040,000——
PHFeb 14, 2025$3,740,000$4,000,000 p. 39−6.5%

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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
207 N 8th Properties LLC
Developer
The RYL Group
Principals
Massimo Cocco, Rueben Pinner
Tax estimate
Highpoint Incentive, Inc.Prepared the first-year real estate tax projection
Construction lender
207 N 8 Capital$4.92 million recorded

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

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