THE CONDO BOOK PROJECT

232 South 2nd Street

232 South 2nd Street, Brooklyn, NY 11211

Compare

Overview

Units
4 residential
Subway
6 min walk to Marcy Av J M ZBedford Av L, 9 min
Principals
Meir Daus, Elad Ben-Kimon, Rotem Cohen
Average $/sf
$1,768Homes in Schedule A, as first offered
Common charges
$322–$669 a monthSponsor's first-year estimate in Schedule A, January 1, 2024 To December 31, 2024
Offering price
$7.45 million total $7.4 million when first offered

The sponsor of record is 232 S Second St LLC, represented by Eial Girtz, PC. The offering plan runs 266 pages. The sponsor has filed 3 amendments, the latest in June 2024. The nearest other condo plan on file is 226 South 2nd Street Condominium, next door.

Plan CD220256 · New · accepted Sep 7, 2023 · AG record ↗

Compare

FigureThis building1181 Jackson24 units · 0.9 miaccepted 2023207 North 8th Street Condominiums34 units · 0.4 miaccepted 2023
Common ChargesPer Square Foot / Month$0.49In line$0.78$0.48
Average Offering PricePer Apartment$1.85MBelow peers$1.86M$3.08M
Average PricePer Square Foot$1,768Above peers$1,672$1,746
Property TaxesPer Square Foot / Month$0.99Above peers$0.98$0.95
Average Unit SizeSquare Feet1,046 SFSmaller1,114 SF1,761 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 181 Jackson and 207 North 8th Street Condominiums, cited to the offering plans. No credit card required.

Create a free account
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 A4 of 4
Closing prices vs. Schedule A2 homes: $3,123,242 at closing against $3,100,000 in Schedule A (p. 37)+0.7%
Average closing price2 homes, on their Schedule A square feet$1,540 / SF
Closingsfirst and latest recordedMay 15, 2024 – Aug 28, 2024

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2024: 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 4 closings
HomeRecordedClosing priceSchedule ADifference
3May 15, 2024$1,614,600$1,550,000 p. 37+4.2%
2Jun 17, 2024$1,508,642$1,550,000 p. 37−2.7%
GARDEAug 26, 2024$1,929,584——
PENTHAug 28, 2024$2,000,861——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
232 S Second St LLC
Principals
Meir Daus, Elad Ben-Kimon, Rotem Cohen
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
Manhattan Bridge Capital$1.15 million loan stated in the plan

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

Nearby