THE CONDO BOOK PROJECT

Two One Nine Withers Condominium

219-223 Withers Street, Brooklyn, NY 11211

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Overview

Units
12 residential · 8 parking
Subway
6 min walk to Graham Av LGrand St L, 9 min
Principals
Anthony Gurino, Jack Korn
Average $/sf
$596Homes in Schedule A, as first offered
Common charges
$297–$522 a monthSponsor's first-year estimate in Schedule A, JANUARY 1, 2007 THROUGH December 31, 2007
Offering price
$8.56 million total

The sponsor of record is 221 Withers St, LLC, represented by Turek Roth Mester LLP. The offering plan runs 246 pages. The sponsor has filed 5 amendments, the latest in November 2007. The nearest other condo plan on file is 229 Withers Street Condominium, next door.

Plan CD060286 · New · accepted Nov 21, 2006 · AG record ↗

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FigureThis building1285 Driggs212 units · 0.5 miaccepted 2006151-153 Manhattan315 units · 0.7 miaccepted 2006
Common ChargesPer Square Foot / Month$0.30Above peers$0.27$0.19
Average Offering PricePer Apartment$696,250Above peers$522,000$621,000
Average PricePer Square Foot$596Below peers$600$659
Property TaxesPer Square Foot / Month$0.05In line$0.87$0.01
Average Unit SizeSquare Feet1,168 SFLargest870 SF943 SF

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Unit mix, closings, budgets, finishes and the team, against 285 Driggs and 151-153 Manhattan, 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 A12 of 12
Closing prices vs. Schedule A12 homes: $8,377,624 at closing against $8,355,000 in Schedule A (p. 34)+0.3%
Average closing price12 homes, on their Schedule A square feet$598 / SF
Closingsfirst and latest recordedOct 24, 2007 – Oct 18, 2013

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 13 closings
HomeRecordedClosing priceSchedule ADifference
6-AOct 24, 2007$666,954$670,000 p. 34−0.5%
2-AOct 25, 2007$646,589$630,000 p. 34+2.6%
5-AOct 26, 2007$661,863$660,000 p. 34+0.3%
6-BOct 30, 2007$1,330,000$1,175,000 p. 34+13.2%
3-ANov 6, 2007$661,863$640,000 p. 34+3.4%
3-BNov 15, 2007$646,589$655,000 p. 34−1.3%
4-BNov 19, 2007$661,863$665,000 p. 34−0.5%
4-ANov 26, 2007$655,000$650,000 p. 34+0.8%
5-BNov 27, 2007$669,405$675,000 p. 34−0.8%
1-AFeb 6, 2008$600,000$645,000 p. 34−7%
1-BMar 20, 2008$597,500$645,000 p. 34−7.4%
2-BMay 27, 2008$580,000$645,000 p. 34−10.1%
6B/PHOct 18, 2013$1,575,000——

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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
221 Withers St, LLC
Principals
Anthony Gurino, Jack Korn
Tax estimate
Moseson and AssociatesPrepared the first-year real estate tax projection
Construction lender
North Fork Bank$3.1 million loan stated in the plan

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

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