THE CONDO BOOK PROJECT

Pennyfield Estates Ii Condominium

24 Pennyfield Avenue, Bronx, NY 10465

Overview

Units
15 residential
Subway
68 min walk to Buhre Av 6Westchester Sq-E Tremont Av 6, 68 min
Principals
Michael Boemio
Average $/sf
$405Homes in Schedule A, as first offered
Common charges
$170–$374 a monthSponsor's first-year estimate in Schedule A, 6/1/06-5/31/07
Offering price
$6.52 million total

The sponsor of record is Pennyfield Properties, LLC, represented by James A. Cartelli, Esq.. The offering plan runs 330 pages. The sponsor has filed 3 amendments, the latest in December 2006. The nearest other condo plan on file is Pennyfield Estates Condominium I, next door.

Plan CD040384 · Conversion · accepted Aug 1, 2006 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A15 of 15
Closing prices vs. Schedule A12 homes: $4,243,253 at closing against $4,325,000 in Schedule A (p. 30)−1.9%
Average closing price12 homes, on their Schedule A square feet$377 / SF
Closingsfirst and latest recordedFeb 22, 2007 – Oct 14, 2015

Sales recorded with the Department of Finance (ACRIS) through Mar 31, 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 15 closings
HomeRecordedClosing priceSchedule ADifference
1BFeb 22, 2007$319,410$290,000 p. 30+10.1%
1DMar 29, 2007$212,940$250,000 p. 30−14.8%
1EMar 29, 2007$268,710$275,000 p. 30−2.3%
2BMar 30, 2007$268,710$370,000 p. 30−27.4%
3EMar 30, 2007$299,130$375,000 p. 30−20.2%
2DApr 5, 2007$192,660$290,000 p. 30−33.6%
2EApr 5, 2007$333,300$330,000 p. 30+1%
1CApr 10, 2007$717,866$500,000 p. 30+43.6%
2CMay 23, 2007$717,866$525,000 p. 30+36.7%
1AJul 3, 2007$192,720$250,000 p. 30−22.9%
2AJul 3, 2007$268,710$320,000 p. 30−16%
3CAug 7, 2007$451,230$550,000 p. 30−18%
3AOct 14, 2015$5,087,143one deed, 3 homes$365,000 p. 30—
3BOct 14, 2015$5,087,143one deed, 3 homes$420,000 p. 30—
3DOct 14, 2015$5,087,143one deed, 3 homes$325,000 p. 30—

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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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
Pennyfield Properties, LLC
Principals
Michael Boemio

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