THE CONDO BOOK PROJECT

2102 East 1st Street Condominium

2102 East 1st Street, Brooklyn, NY 11223

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Overview

Units
12 residential · 21 parking
Subway
3 min walk to Avenue U FKings Hwy F, 8 min
Principals
Lee Cohen
Average $/sf
$2,639Homes in Schedule A, as first offered
Common charges
$3,573–$6,901 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 - June 30, 2026
Offering price
$76.2 million total

The sponsor of record is Ddg 362 Ave U Owner LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 324 pages. The sponsor has filed 2 amendments, the latest in September 2026. The nearest other condo plan on file is 346 Avenue U Condominium, next door.

Plan CD240014 · New · accepted Jan 22, 2025 · AG record ↗

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FigureThis building1Opal Residences212 units · 0 miaccepted 2024Bath Beach Residence311 units · 1.9 miaccepted 2024
Common ChargesPer Square Foot / Month$2.16In line$2.29$0.51
Average Offering PricePer Apartment$6.17MAbove peers$5.54M$762,436
Average PricePer Square Foot$2,639Above peers$2,502$1,011
Property TaxesPer Square Foot / Month$1.08In line$1.09$0.92
Average Unit SizeSquare Feet2,340 SFLarger2,215 SF754 SF

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Unit mix, closings, budgets, finishes and the team, against Opal Residences and Bath Beach 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 closed17% of the homes in Schedule A2 of 12
Closing prices vs. Schedule A2 homes: $11,993,813 at closing against $12,750,000 in Schedule A (p. 48)−5.9%
Average closing price2 homes, on their Schedule A square feet$2,316 / SF
Closingsfirst and latest recordedSep 8, 2026 – Sep 9, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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
BSep 8, 2026$7,400,438$7,250,000 p. 48+2.1%
ASep 9, 2026$4,593,375$5,500,000 p. 48−16.5%

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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
Ddg 362 Ave U Owner LLC
Principals
Lee Cohen
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
USC

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

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