2135 Condominium

2135 Homecrest Avenue, Brooklyn, NY 11229

Overview

Units: 14 residential · 11 parking
Subway: 5 min walk to Avenue U QNeck Rd Q, 8 min
Principals: Pun Fui Chan
Average $/sf: $468Homes in Schedule A, as first offered
Common charges: $338–$550 a monthSponsor's first-year estimate in Schedule A, July 1, 2022 - June 30, 2023
Offering price: $5.69 million total
Floor plans: Page 188 of the plan

The sponsor of record is Chan On Homecrest Inc., represented by Lawrence Lixin Yang, P.C.. The offering plan runs 319 pages. The sponsor has filed 3 amendments, the latest in May 2024. The nearest other condo plan on file is 2070 E. 13th Street Condominium, 0.1 mi away.

Plan CD200258 · New · accepted Apr 8, 2022 · AG record ↗

Compare

Figure	This building¹	3017 Brighton 8th²7 units · 1.3 miaccepted 2022	1683 West 7th³11 units · 1.3 miaccepted 2022
Common ChargesPer Square Foot / Month	$0.49Below peers	$0.52	$0.59
Average Offering PricePer Apartment	$382,786In line	$342,857	$480,030
Average PricePer Square Foot	$468Below peers	$542	$750
Property TaxesPer Square Foot / Month	$0.03Lowest	$0.93	$0.90
Average Unit SizeSquare Feet	818 SFLargest	632 SF	640 SF

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Unit mix, closings, budgets, finishes and the team, against 3017 Brighton 8th and 1683 West 7th, 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 closed43% of the homes in Schedule A	6 of 14
Closing prices vs. Schedule A6 homes: $2,130,414 at closing against $2,144,000 in Schedule A (p. 40)	−0.6%
Average closing price6 homes, on their Schedule A square feet	$470 / SF
Closingsfirst and latest recorded	Jan 19, 2023 – Aug 30, 2024

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2024: 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 6 closings

Home	Recorded	Closing price	Schedule A	Difference
2C	Jan 19, 2023	$354,900	$369,000 p. 40	−3.8%
1C	Feb 15, 2023	$354,900	$355,000 p. 40	−0%
2A	Mar 8, 2023	$354,900	$369,000 p. 40	−3.8%
3B	Apr 7, 2023	$375,180	$370,000 p. 40	+1.4%
1D	Aug 25, 2023	$330,564	$326,000 p. 40	+1.4%
1A	Aug 30, 2024	$359,970	$355,000 p. 40	+1.4%