THE CONDO BOOK PROJECT

210 & 216 Pulaski Street Condominium

210 & 216 Pulaski Street, Brooklyn, NY 11207

Overview

Units
16 residential
Subway
10 min walk to Myrtle-Willoughby Avs GBedford-Nostrand Avs G, 12 min
Principals
Nadav Hamo
Common charges
$310–$469 a monthSponsor's first-year estimate in Schedule A, 9/1/2017
Offering price
$9.8 million total $6.88 million when first offered

The sponsor of record is 214 Pulaski Street LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 299 pages. The sponsor has filed 5 amendments, the latest in May 2019. The nearest other condo plan on file is Pulaski Gardens Condominium, next door.

Plan CD170027 · New · accepted May 24, 2017 · AG record ↗

Compare

FigureThis building1399 Gates216 units · 0.6 miaccepted 2017189 Cooper313 units · 2 miaccepted 2017
Average Offering PricePer Apartment$429,691Below peers$578,478$448,000

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Unit mix, closings, budgets, finishes and the team, against 399 Gates and 189 Cooper, 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 A16 of 16
Closing prices vs. Schedule A16 homes: $9,094,978 at closing against $6,875,050 in Schedule A (p. 25)+32.3%
Closingsfirst and latest recordedOct 23, 2018 – Oct 2, 2019

Sales recorded with the Department of Finance (ACRIS) through Aug 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 16 closings
HomeRecordedClosing priceSchedule ADifference
2LOct 23, 2018$585,000$439,400 p. 25+33.1%
1ROct 25, 2018$700,000$520,325 p. 25+34.5%
4LNov 5, 2018$610,950$439,400 p. 25+39%
4RNov 7, 2018$565,000$425,750 p. 25+32.7%
1LNov 14, 2018$722,958$536,575 p. 25+34.7%
3LNov 21, 2018$595,676$439,400 p. 25+35.6%
1AMar 27, 2019$626,224$472,875 p. 25+32.4%
4BMar 27, 2019$529,490$387,400 p. 25+36.7%
1BApr 4, 2019$651,680$464,425 p. 25+40.3%
3RJun 5, 2019$540,000$425,750 p. 25+26.8%
4AJun 27, 2019$489,000$374,400 p. 25+30.6%
2BJul 9, 2019$485,000$387,400 p. 25+25.2%
2RJul 16, 2019$515,000$425,750 p. 25+21%
3BSep 4, 2019$495,000$387,400 p. 25+27.8%
2ASep 23, 2019$485,000$374,400 p. 25+29.5%
3AOct 2, 2019$499,000$374,400 p. 25+33.3%

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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
214 Pulaski Street LLC
Principals
Nadav Hamo
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Ponce Bank

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

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