THE CONDO BOOK PROJECT

Gerritsen Condominium

2126 And 2142 Gerritsen Avenue, Brooklyn, NY 11229

Overview

Units
12 residential
Subway
23 min walk to Avenue U QNeck Rd Q, 24 min
Offering price
$8.09 million total

The sponsor of record is Jmc Gerritsen Realty LLC, represented by Rosen Law LLC. The offering plan runs 430 pages. The sponsor has filed 6 amendments, the latest in March 2022. The nearest other condo plan on file is Gerritsen Gardens Condominium, 0.2 mi away.

Plan CD180013 · New · accepted Apr 20, 2018 · AG record ↗

Compare

FigureThis building12424 Ocean212 units · 0.8 miaccepted 20152131 Ocean316 units · 1 miaccepted 2019
Average Offering PricePer Apartment$673,842Below peers$715,833$844,688

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 2424 Ocean and 2131 Ocean, cited to the offering plans. No credit card required.

Create a free account
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 closed83% of the homes in the plan10 of 12
Closingsfirst and latest recordedJun 25, 2019 – Feb 16, 2022

Sales recorded with the Department of Finance (ACRIS) through May 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 10 closings
HomeRecordedClosing priceSchedule ADifference
201Jun 25, 2019$593,879——
203Jun 28, 2019$430,880——
303Aug 9, 2019$354,969——
304Nov 5, 2020$446,160——
204Sep 14, 2021$491,790——
202Sep 20, 2021$529,490——
301Oct 14, 2021$630,000——
205Oct 19, 2021$610,950——
302Dec 2, 2021$450,000——
102Feb 16, 2022$575,311——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
Jmc Gerritsen Realty LLC
Tax estimate
Rosen Law, LLCPrepared the first-year real estate tax projection

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

Nearby