217 Lee Avenue Condominium
217 Lee Avenue, Brooklyn, NY 11206
Overview
- Units
- 3 residential · 1 commercial
- Subway
- 7 min walk to Flushing Av GBroadway G, 7 min
- Principals
- Margaret Silberstein
- Average $/sf
- $449Homes in Schedule A, as first offered
- Common charges
- $336–$585 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
- Offering price
- $3.25 million total $6.5 million when first offered
- Floor plans
- Pages 146–151 of the plan
The sponsor of record is 215 Lee Avenue LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 308 pages. The sponsor has filed 1 amendment, the latest in July 2023. The nearest other condo plan on file is 126-128 Heyward Street Condominium, next door.
Plan CD220125 · New · accepted Apr 4, 2023 · AG record ↗
Compare
| Figure | This building1 | 483 Hart22 units · 1.3 miaccepted 2021 | 702 Green34 units · 1.1 miaccepted 2022 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.24Lowest | $0.38 | $0.45 |
| Average Offering PricePer Apartment | $812,500Below peers | $1M | $900,000 |
| Average PricePer Square Foot | $449Below peers | $497 | $924 |
| Property TaxesPer Square Foot / Month | $0.83Highest | $0.52 | $0.29 |
| Average Unit SizeSquare Feet | 1,811 SFIn line | 2,013 SF | 974 SF |
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See the Full Comp
Unit mix, closings, budgets, finishes and the team, against 483 Hart and 702 Green, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed50% of the homes in Schedule A | 2 of 4 |
| Closing prices vs. Schedule A2 homes: $3,468,160 at closing against $2,250,000 in Schedule A (p. 34) | +54.1% |
| Average closing price2 homes, on their Schedule A square feet | $1,041 / SF |
| Closingsfirst and latest recorded | Apr 4, 2024 – Apr 5, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Oct 31, 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 2 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2 | Apr 4, 2024 | $1,734,080 | $1,125,000 p. 34 | +54.1% |
| 3 | Apr 5, 2024 | $1,734,080 | $1,125,000 p. 34 | +54.1% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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 Lee Avenue LLC
- Principals
- Margaret Silberstein
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 126-128 Heyward Street Condominiumnext door · 3 units · 2003
- 237 Lee Avenue Condominiumnext door · 3 units · 2004
- 232 Lee Avenue Condominiumnext door · 13 units · 2008
- 57 Lynch Street Condominiumnext door · 3 units · 2023
- 40 Middleton Street Condominiumnext door · 12 units · 2003
- 50 Middleton Street Condominiumnext door · 5 units