THE CONDO BOOK PROJECT

218 Classon Avenue Condominium

218 Classon Avenue, Brooklyn, NY 11205

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Overview

Units
6 residential
Subway
6 min walk to Classon Av GBedford-Nostrand Avs G, 11 min
Principals
Meir Daus, Elad Ben-Kimon, Meir Shaul
Average $/sf
$1,635Homes in Schedule A, as first offered
Common charges
$239–$669 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 To June 30, 2024
Offering price
$9.52 million total

The sponsor of record is 218 Classon Condominium LLC, represented by Eial Girtz, PC. The offering plan runs 265 pages. The sponsor has filed 4 amendments, the latest in August 2024. The nearest other condo plan on file is 572 Myrtle Condominium, next door.

Plan CD220274 · New · accepted Mar 9, 2023 · AG record ↗

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FigureThis building140 Skillman26 units · 1.6 miaccepted 2023490 Lorimer39 units · 1.4 miaccepted 2023
Common ChargesPer Square Foot / Month$0.39Lowest$0.49$0.57
Average Offering PricePer Apartment$1.59MIn line$2.19M$1.39M
Average PricePer Square Foot$1,635In line$1,645$1,602
Property TaxesPer Square Foot / Month$0.97Above peers$0.18$0.95
Average Unit SizeSquare Feet971 SFIn line1,332 SF869 SF

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Unit mix, closings, budgets, finishes and the team, against 40 Skillman and 490 Lorimer, 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 Schedule A6 of 6
Closing prices vs. Schedule A6 homes: $8,008,929 at closing against $9,524,550 in Schedule A (p. 37)−15.9%
Average closing price6 homes, on their Schedule A square feet$1,375 / SF
Closingsfirst and latest recordedOct 17, 2023 – Mar 9, 2026

Sales recorded with the Department of Finance (ACRIS) through Mar 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 6 closings
HomeRecordedClosing priceSchedule ADifference
3BOct 17, 2023$923,349$1,065,750 p. 37−13.4%
3AOct 27, 2023$903,167$993,250 p. 37−9.1%
4ANov 8, 2023$920,000$993,250 p. 37−7.4%
4BOct 16, 2024$1,350,000$1,552,950 p. 37−13.1%
2Jan 27, 2025$1,825,000$2,144,550 p. 37−14.9%
1Mar 9, 2026$2,087,413$2,774,800 p. 37−24.8%

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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
218 Classon Condominium LLC
Principals
Meir Daus, Elad Ben-Kimon, Meir Shaul
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
Genesis Capital$3.55 million loan stated in the plan

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

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