THE CONDO BOOK PROJECT

2073 57th Street Condominium

2073 57th Street, Brooklyn, NY 11204

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Overview

Units
3 residential
Subway
6 min walk to Bay Pkwy FAvenue I F, 9 min
Principals
Abraham Wieder
Average $/sf
$497Homes in Schedule A, as first offered
Common charges
$448–$616 a monthSponsor's first-year estimate in Schedule A, 7/1/2021 - 6/30/2022
Offering price
$3.9 million total $3 million when first offered

The sponsor of record is 2073 Development LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 325 pages. The sponsor has filed 1 amendment, the latest in December 2020. The nearest other condo plan on file is 2074 57th Street Condominium, next door.

Plan CD190010 · New · accepted Dec 1, 2020 · AG record ↗

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FigureThis building12074 57th23 units · 0 miaccepted 20201174 44th34 units · 1.5 miaccepted 2020
Common ChargesPer Square Foot / Month$0.25Above peers$0.23$0.16
Average Offering PricePer Apartment$1MIn line$916,667$1.02M
Average PricePer Square Foot$497Lowest$638$596
Property TaxesPer Square Foot / Month$0.48Above peers$0.47$0.17
Average Unit SizeSquare Feet2,014 SFLargest1,437 SF1,715 SF

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Unit mix, closings, budgets, finishes and the team, against 2074 57th and 1174 44th, 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 closed67% of the homes in Schedule A2 of 3
Closing prices vs. Schedule A2 homes: $3,225,000 at closing against $2,000,000 in Schedule A (p. 37)+61.3%
Average closing price2 homes, on their Schedule A square feet$806 / SF
Closingsfirst and latest recordedSep 2, 2021 – Nov 22, 2024

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 2 closings
HomeRecordedClosing priceSchedule ADifference
2Sep 2, 2021$1,325,000$1,000,000 p. 37+32.5%
3Nov 22, 2024$1,900,000$1,000,000 p. 37+90%

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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
2073 Development LLC
Principals
Abraham Wieder
Tax estimate
Empire Consulting Service, IncPrepared the first-year real estate tax projection
Construction lender
Arnav IndustriesLender on the mortgage and building loan agreement recorded November 2019 in ACRIS

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

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