THE CONDO BOOK PROJECT

2231 62nd Street Condominium

2231 62nd Street, Brooklyn, NY 11204

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Overview

Units
8 residential
Subway
6 min walk to Bay Pkwy NAvenue N F, 7 min
Principals
Boris Filshtinsky, Leonid Mandel, Yan Klig
Average $/sf
$477Homes in Schedule A, as first offered
Offering price
$3.91 million total

The sponsor of record is Bly Management Realty, LLC, represented by Michael & Swerdloff, LLC. The offering plan runs 248 pages. The sponsor has filed 4 amendments, the latest in December 2010. The nearest other condo plan on file is 2231 64th Street Condominium, next door.

Plan CD060866 · New · accepted Aug 13, 2007 · AG record ↗

Compare

FigureThis building11765 East 19th211 units · 1.4 miaccepted 20071835 East 14th37 units · 1.3 miaccepted 2007
Common ChargesPer Square Foot / Month$0.16Lowest$0.31$0.19
Average Offering PricePer Apartment$470,875Below peers$483,000$680,000
Average PricePer Square Foot$477In line$455$551
Average Unit SizeSquare Feet988 SFSmaller1,061 SF1,235 SF

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Unit mix, closings, budgets, finishes and the team, against 1765 East 19th and 1835 East 14th, 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 A8 of 8
Closing prices vs. Schedule A5 homes: $2,025,800 at closing against $2,300,000 in Schedule A (p. 20)−11.9%
Average closing price5 homes, on their Schedule A square feet$420 / SF
Closingsfirst and latest recordedMay 3, 2010 – Feb 14, 2012

Sales recorded with the Department of Finance (ACRIS) through Oct 31, 2025: 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 8 closings
HomeRecordedClosing priceSchedule ADifference
2-FMay 3, 2010$385,320$460,000 p. 20−16.2%
4-RMay 14, 2010$425,880$460,000 p. 20−7.4%
3-RMay 18, 2010$405,600$460,000 p. 20−11.8%
3-FMay 27, 2010$397,000$460,000 p. 20−13.7%
4-FJul 13, 2010$412,000$460,000 p. 20−10.4%
1-FFeb 14, 2012$700,001one deed, 3 homes$456,000 p. 20—
1-RFeb 14, 2012$700,001one deed, 3 homes$551,000 p. 20—
2-RFeb 14, 2012$700,001one deed, 3 homes$460,000 p. 20—

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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
Bly Management Realty, LLC
Principals
Boris Filshtinsky, Leonid Mandel, Yan Klig
Tax estimate
Moseson & AssociatesPrepared the first-year real estate tax projection

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

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