THE CONDO BOOK PROJECT

Kings Condominium

2113 Kings Highway, Brooklyn, NY 11229

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Overview

Units
12 residential
Subway
7 min walk to Kings Hwy B QAvenue M Q, 16 min
Average $/sf
$420Homes in Schedule A, as first offered
Common charges
$147–$351 a monthSponsor's first-year estimate in Schedule A, January 1, 2011 to December 31, 2011
Offering price
$3.02 million total

The sponsor of record is 2113 Kings Highway LLC, represented by S. Seth Yavne Attorney At Law. The offering plan runs 310 pages. The sponsor has filed 4 amendments, the latest in May 2012. The nearest other condo plan on file is 1689 East 21st Street, next door.

Plan CD100114 · New · accepted Jul 30, 2010 · AG record ↗

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FigureThis building11765 East 19th211 units · 0.3 miaccepted 2007Cunningham Park312 units · 0.5 miaccepted 2007
Common ChargesPer Square Foot / Month$0.33Above peers$0.31$0.18
Average Offering PricePer Apartment$252,083Lowest$483,000$476,306
Average PricePer Square Foot$420Below peers$455$550
Property TaxesPer Square Foot / Month$0.03Highest$0.01$0.02
Average Unit SizeSquare Feet600 SFSmallest1,061 SF866 SF

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Unit mix, closings, budgets, finishes and the team, against 1765 East 19th and Cunningham Park, 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 A12 of 12
Closing prices vs. Schedule A12 homes: $3,225,329 at closing against $3,025,000 in Schedule A (p. 34)+6.6%
Average closing price12 homes, on their Schedule A square feet$448 / SF
Closingsfirst and latest recordedSep 7, 2011 – Apr 24, 2013

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 12 closings
HomeRecordedClosing priceSchedule ADifference
3ASep 7, 2011$270,000$265,000 p. 34+1.9%
5ASep 19, 2011$283,920$265,000 p. 34+7.1%
4AOct 11, 2011$292,919$265,000 p. 34+10.5%
4BOct 11, 2011$229,037$200,000 p. 34+14.5%
1AOct 26, 2011$263,640$250,000 p. 34+5.5%
6ANov 10, 2011$278,850$265,000 p. 34+5.2%
5BJan 10, 2012$198,744$200,000 p. 34−0.6%
6BJan 26, 2012$217,150$200,000 p. 34+8.6%
7AJan 30, 2012$529,490$450,000 p. 34+17.7%
2AFeb 28, 2012$263,640$265,000 p. 34−0.5%
2BAug 21, 2012$185,000$200,000 p. 34−7.5%
3BApr 24, 2013$212,940$200,000 p. 34+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
2113 Kings Highway LLC
Tax estimate
Moseson & AssociatesPrepared the first-year real estate tax projection

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

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