THE CONDO BOOK PROJECT

230 Spencer Street Condominium

230 Spencer Street, Brooklyn, NY 11205

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Overview

Units
2 residential
Subway
4 min walk to Bedford-Nostrand Avs GClasson Av G, 9 min
Principals
Yaniv Shalom
Offering price
$1.6 million total

The sponsor of record is Greenwich Lake, LLC, represented by Harold L. Gruber, P.C.. The offering plan runs 202 pages. The sponsor has filed 3 amendments, the latest in July 2010. The nearest other condo plan on file is 945 Bedford Avenue Condominium, next door.

Plan CD080353 · New · accepted Oct 10, 2008 · AG record ↗

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FigureThis building1254 North 6th23 units · 1.6 miaccepted 2010Cobble Hill Lofts32 units · 1.9 miaccepted 2006
Average Offering PricePer Apartment$799,000Lowest$943,333$1.32M

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Unit mix, closings, budgets, finishes and the team, against 254 North 6th and Cobble Hill Lofts, 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.

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
Greenwich Lake, LLC
Principals
Yaniv Shalom

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

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