THE CONDO BOOK PROJECT

Belvedere Cxvi Condominium

234 Monitor Street, Brooklyn, NY 11222

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Overview

Units
3 residential
Subway
10 min walk to Nassau Av GGreenpoint Av G, 16 min
Developer
Bridge Zale Construction Corp.
Principals
Krzysztof Rostek
Average $/sf
$1,362Homes in Schedule A, as first offered
Common charges
$470–$679 a monthSponsor's first-year estimate in Schedule A, November 1, 2024, To October 31, 2025
Offering price
$5.05 million total

The sponsor of record is 234 Monitor LLC, Belvedere Bridge Realty, LLC, represented by Sabaj Law Firm. The offering plan runs 323 pages. The sponsor has filed 1 amendment, the latest in June 2025. The nearest other condo plan on file is 240 North Condominium, next door.

Plan CD240111 · Rehab · accepted Jul 16, 2024 · AG record ↗

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FigureThis building1590 Lorimer23 units · 0.9 miaccepted 2023232 Eckford35 units · 0.4 miaccepted 2024
Common ChargesPer Square Foot / Month$0.47Above peers$0.41$0.46
Average Offering PricePer Apartment$1.68MBelow peers$1.73M$1.83M
Average PricePer Square Foot$1,362Below peers$1,430$1,812
Property TaxesPer Square Foot / Month$0.29In line$0.10$0.33
Average Unit SizeSquare Feet1,235 SFLarger1,209 SF1,008 SF

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Unit mix, closings, budgets, finishes and the team, against 590 Lorimer and 232 Eckford, 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 A3 of 3
Closing prices vs. Schedule A3 homes: $4,337,831 at closing against $5,047,000 in Schedule A (p. 32)−14.1%
Average closing price3 homes, on their Schedule A square feet$1,170 / SF
Closingsfirst and latest recordedMar 20, 2025 – Apr 17, 2025

Sales recorded with the Department of Finance (ACRIS) through May 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 3 closings
HomeRecordedClosing priceSchedule ADifference
2Mar 20, 2025$1,169,969$1,349,000 p. 32−13.3%
3Mar 26, 2025$1,517,193$1,749,000 p. 32−13.3%
1Apr 17, 2025$1,650,669$1,949,000 p. 32−15.3%

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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
234 Monitor LLC, Belvedere Bridge Realty, LLC
Developer
Bridge Zale Construction Corp.
Principals
Krzysztof Rostek
Counsel
Sabaj Law Firm
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection

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

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