THE CONDO BOOK PROJECT

215 North 10th Street Condominium

215 North 10th Street, Brooklyn, NY 11211

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Overview

Units
31 residential · 1 parking · 2 commercial
Subway
4 min walk to Bedford Av LMetropolitan Av/Lorimer St G L, 7 min
Developer
Largo
Principals
Nicholas Werner, Nissim Ben-Nun
Offering price
$124.2 million total $54.9 million when first offered

The sponsor of record is 215 N 10 Partners LLC, represented by Dl Partners. The offering plan runs 705 pages. The sponsor has filed 13 amendments, the latest in October 2024. The nearest other condo plan on file is Mccaren Park Mews Condominium, next door.

Plan CD210045 · New · accepted Oct 14, 2021 · AG record ↗

Compare

FigureThis building1110 North 1st238 units · 0.5 miaccepted 2023Calyer Greenpoint321 units · 0.7 miaccepted 2023
Average Offering PricePer Apartment$1.77MBelow peers$1.89M$1.91M

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Unit mix, closings, budgets, finishes and the team, against 110 North 1st and Calyer Greenpoint, 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 the plan31 of 31
Closingsfirst and latest recordedNov 16, 2022 – Mar 21, 2024

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 33 closings
HomeRecordedClosing priceSchedule ADifference
5MNov 16, 2022$1,700,000——
6BNov 16, 2022$3,398,842——
5BNov 17, 2022$1,915,000——
6GNov 17, 2022$2,953,414——
4CNov 18, 2022$1,256,361——
4ENov 18, 2022$1,180,000——
5FNov 18, 2022$2,912,587——
4HNov 21, 2022$1,370,000——
6DNov 21, 2022$3,642,149——
4KNov 22, 2022$2,220,075——
5ENov 22, 2022$1,308,451——
5HNov 22, 2022$915,000——
6ANov 22, 2022$3,381,469——
5DNov 23, 2022$2,142,143——
5KNov 30, 2022$1,160,000——
6FNov 30, 2022$1,303,750——
6EDec 1, 2022$1,564,144——
4FDec 2, 2022$2,724,750——
5CDec 6, 2022$1,230,000——
4IDec 8, 2022$2,014,214——
5LDec 8, 2022$1,054,536——
4BDec 9, 2022$1,983,296——
4JDec 9, 2022$2,025,000——
4DDec 14, 2022$1,856,790——
5ADec 16, 2022$1,424,277——
5JJan 9, 2023$989,494——
6CFeb 13, 2023$2,870,000——
4AMay 2, 2023$1,390,000——
4GAug 15, 2023$1,075,000——
5IAug 17, 2023$695,000——
CU1Mar 21, 2024$18,845,976one deed, 3 homes——
CU2Mar 21, 2024$18,845,976one deed, 3 homes——
GMar 21, 2024$18,845,976one deed, 3 homes——

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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
215 N 10 Partners LLC
Developer
Largo
Principals
Nicholas Werner, Nissim Ben-Nun
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Lindemann, LLPPrepared the first-year real estate tax projection
Construction lender
Maxim Credit Group$61 million recorded

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

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