THE CONDO BOOK PROJECT

220 Schaefer Street Condominium

220 Schaefer Street, Brooklyn, NY 11207

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Overview

Units
6 residential
Subway
4 min walk to Wilson Av LHalsey St L, 8 min
Principals
Raymond Malayeri
Average $/sf
$1,036Homes in Schedule A, as first offered
Common charges
$265–$962 a monthSponsor's first-year estimate in Schedule A, May 1, 2026- April 30, 2027
Offering price
$4.09 million total $4.05 million when first offered

The sponsor of record is 752 East 53 St Group LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 320 pages. The sponsor has filed 1 amendment, the latest in May 2026. The nearest other condo plan on file is 1255 Decatur Street Condominium, next door.

Plan CD250298 · Rehab · accepted Dec 8, 2025 · AG record ↗

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FigureThis building1The 140 Moffat Street25 units · 0.3 miaccepted 202553 Stanhope38 units · 1 miaccepted 2024
Common ChargesPer Square Foot / Month$0.66In line$0.69$0.60
Average Offering PricePer Apartment$675,833Below peers$851,800$729,250
Average PricePer Square Foot$1,036Below peers$1,058$1,091
Property TaxesPer Square Foot / Month$0.50Highest$0.38$0.19
Average Unit SizeSquare Feet653 SFSmaller805 SF668 SF

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Unit mix, closings, budgets, finishes and the team, against The 140 Moffat Street and 53 Stanhope, 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 closed33% of the homes in Schedule A2 of 6
Closing prices vs. Schedule A2 homes: $1,435,322 at closing against $1,415,000 in Schedule A (p. 54)+1.4%
Average closing price2 homes, on their Schedule A square feet$970 / SF
Closingsfirst and latest recordedSep 15, 2026 – Sep 16, 2026

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 2 closings
HomeRecordedClosing priceSchedule ADifference
4Sep 15, 2026$943,532$935,000 p. 54+0.9%
3BSep 16, 2026$491,790$480,000 p. 54+2.5%

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Closings are for subscribers

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
752 East 53 St Group LLC
Principals
Raymond Malayeri
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection

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

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