THE CONDO BOOK PROJECT

Two Sixteen Condominium

216 20th Street, Brooklyn, NY 11232

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Overview

Units
6 residential · 4 storage
Subway
5 min walk to Prospect Av R25 St R, 7 min
Principals
Kevin Wey
Average $/sf
$1,606Homes in Schedule A, as first offered
Common charges
$287–$800 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 To June 30, 2026
Offering price
$7.92 million total

The sponsor of record is 216 20th St LLC, represented by Eial Girtz, PC. The offering plan runs 287 pages. The sponsor has filed 3 amendments, the latest in July 2026. The nearest other condo plan on file is 208 19th Street Condominium, next door.

Plan CD240105 · New · accepted Jan 6, 2025 · AG record ↗

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FigureThis building1353 20th25 units · 0.3 miaccepted 2024265 20th38 units · 0.1 miaccepted 2024
Common ChargesPer Square Foot / Month$0.71In line$1.47$0.39
Average Offering PricePer Apartment$1.31MLowest$1.57M$1.86M
Average PricePer Square Foot$1,606Above peers$1,420$1,529
Property TaxesPer Square Foot / Month$1.05Above peers$0.92$0.84
Average Unit SizeSquare Feet818 SFSmallest1,109 SF1,215 SF

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Unit mix, closings, budgets, finishes and the team, against 353 20th and 265 20th, 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 closed83% of the homes in Schedule A5 of 6
Closing prices vs. Schedule A5 homes: $5,699,585 at closing against $6,420,000 in Schedule A (p. 34)−11.2%
Average closing price5 homes, on their Schedule A square feet$1,321 / SF
Closingsfirst and latest recordedDec 3, 2025 – Jul 29, 2026

Sales recorded with the Department of Finance (ACRIS) through Aug 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 5 closings
HomeRecordedClosing priceSchedule ADifference
2Dec 3, 2025$1,489,000$1,520,000 p. 34−2%
3Dec 9, 2025$680,000$720,000 p. 34−5.6%
1AJan 16, 2026$590,585$660,000 p. 34−10.5%
PH2May 26, 2026$1,360,000$1,760,000 p. 34−22.7%
PH1Jul 29, 2026$1,580,000$1,760,000 p. 34−10.2%

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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
216 20th St LLC
Principals
Kevin Wey
Tax estimate
Highpoint Incentive Inc.Prepared the first-year real estate tax projection
Construction lender
Great Union Investment

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

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