THE CONDO BOOK PROJECT

2107 Bedford Avenue Condominium

2107 Bedford Avenue, Brooklyn, NY 11226

Overview

Units
36 residential · 1 commercial
Subway
10 min walk to Church Av B QChurch Av 2 5, 10 min
Principals
Jonathan Weinberger, Steven Neuman
Average $/sf
$815Homes in Schedule A, as first offered
Common charges
$412–$805 a monthSponsor's first-year estimate in Schedule A, July 1, 2016 -June 30, 2017
Offering price
$24.5 million total $15.3 million when first offered

The sponsor of record is 2107 Bedford LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 358 pages. The sponsor has filed 7 amendments, the latest in August 2021. The nearest other condo plan on file is Lefferts South Condominium, next door.

Plan CD150058 · Conversion · accepted Dec 16, 2015 · AG record ↗

Compare

FigureThis building1Brooklyn Flats236 units · 0.1 miaccepted 2018Crown 601327 units · 1.3 miaccepted 2017
Common ChargesPer Square Foot / Month$0.61In line$0.47$0.93
Average Offering PricePer Apartment$684,844In line$789,883$642,115
Average PricePer Square Foot$815Below peers$855$879
Property TaxesPer Square Foot / Month$0.20Below peers$0.21$0.21
Average Unit SizeSquare Feet840 SFIn line924 SF730 SF

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Unit mix, closings, budgets, finishes and the team, against Brooklyn Flats and Crown 601, 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 closed69% of the homes in Schedule A22 of 32
Closing prices vs. Schedule A19 homes: $10,520,491 at closing against $13,362,000 in Schedule A (p. 28)−21.3%
Average closing price19 homes, on their Schedule A square feet$664 / SF
Closingsfirst and latest recordedJun 21, 2016 – Aug 2, 2022

Sales recorded with the Department of Finance (ACRIS) through Jun 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 22 closings
HomeRecordedClosing priceSchedule ADifference
B7Jun 21, 2016$595,676——
B9Jun 22, 2016$595,676——
C5Jul 6, 2016$501,930$576,000 p. 28−12.9%
B5Jul 18, 2016$450,216$444,000 p. 28+1.4%
C6Jul 22, 2016$580,403$672,000 p. 28−13.6%
B1Jul 26, 2016$661,863$780,000 p. 28−15.1%
B3Aug 3, 2016$507,000$600,000 p. 28−15.5%
C11Aug 5, 2016$486,720$564,000 p. 28−13.7%
A8Aug 12, 2016$560,000$708,000 p. 28−20.9%
B10Aug 31, 2016$585,494$690,000 p. 28−15.1%
A1Sep 23, 2016$715,000$1,002,000 p. 28−28.6%
C10Oct 6, 2016$535,000$660,000 p. 28−18.9%
B8Oct 25, 2016$525,000$666,000 p. 28−21.2%
C7Nov 18, 2016$540,000$690,000 p. 28−21.7%
B11Dec 21, 2016$505,000$660,000 p. 28−23.5%
A6Mar 27, 2017$645,000$912,000 p. 28−29.3%
C1Aug 30, 2017$560,000$684,000 p. 28−18.1%
A2Oct 30, 2017$600,000$810,000 p. 28−25.9%
B12Feb 23, 2018$585,000——
B4May 15, 2018$441,090$918,000 p. 28−52%
C9Apr 13, 2022$570,776$672,000 p. 28−15.1%
C3Aug 2, 2022$550,000$654,000 p. 28−15.9%

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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
2107 Bedford LLC
Principals
Jonathan Weinberger, Steven Neuman
Construction lender
New York Community BankLender on the mortgage and building loan agreement recorded March 2013 in ACRIS; $4.08 million recorded

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

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