THE CONDO BOOK PROJECT

225 14th Street Condominium

225 14th Street, Brooklyn, NY 11215

Overview

Units
9 residential · 3 parking · 6 storage
Subway
5 min walk to Prospect Av R4 Av-9 St F G R, 6 min
Offering price
$16.7 million total $15.3 million when first offered

The sponsor of record is 225 14 Street Owner, LLC, represented by Marans Weisz & Newman LLC. The sponsor has filed 9 amendments, the latest in November 2018. The nearest other condo plan on file is 205 14th Street Condominium, next door.

Plan CD170148 · New · accepted Sep 20, 2017 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan9 of 9
Closingsfirst and latest recordedNov 2, 2018 – Dec 17, 2020

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 12 closings
HomeRecordedClosing priceSchedule ADifference
501Nov 2, 2018$3,000,000one deed, 2 homes——
401Nov 7, 2018$1,892,423one deed, 3 homes——
ST-4Nov 7, 2018$1,892,423one deed, 3 homes——
202Nov 8, 2018$1,800,000——
301Nov 8, 2018$1,781,938——
302Dec 4, 2018$1,725,934——
402Dec 19, 2018$1,756,481——
201Feb 28, 2019$1,725,000one deed, 2 homes——
ST-2Feb 28, 2019$1,725,000one deed, 2 homes——
102Apr 12, 2019$1,400,000——
101Dec 17, 2020$852,747one deed, 3 homes——
ST-1Dec 17, 2020$852,747one deed, 3 homes——

Pro

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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Team

Sponsor
225 14 Street Owner, LLC
Construction lender
Emerald Creek CapitalLender on the mortgage and building loan agreement recorded November 2016 in ACRIS; $7.57 million recorded

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

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