THE CONDO BOOK PROJECT

243 4th Avenue Condominium

243 4th Avenue, Brooklyn, NY 11215

Overview

Units
19 residential · 19 storage · 1 commercial
Subway
1 min walk to Union St R4 Av-9 St F G R, 10 min
Offering price
$54.1 million total

The sponsor of record is 243 Development LLC, represented by Marans, Weisz & Newman LLC. The sponsor has filed 10 amendments, the latest in July 2023. The nearest other condo plan on file is 559-563 Carroll Street Condominium, next door.

Plan CD180131 · New · accepted Nov 19, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan19 of 19
Closingsfirst and latest recordedDec 14, 2020 – Apr 22, 2024

Sales recorded with the Department of Finance (ACRIS) through Jul 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 19 closings
HomeRecordedClosing priceSchedule ADifference
8BDec 14, 2020$2,320,000——
5BDec 17, 2020$2,230,000——
4ADec 18, 2020$2,495,000——
7ADec 28, 2020$2,705,000——
3AJan 7, 2021$1,800,000——
4BJan 14, 2021$2,299,000——
6BJan 15, 2021$2,200,000——
9AJan 19, 2021$2,800,000——
2AFeb 3, 2021$2,762,500——
8AFeb 5, 2021$2,775,000——
5AMar 1, 2021$2,695,000——
10AApr 12, 2021$4,600,000——
6AMay 21, 2021$2,745,000——
2BJun 17, 2021$2,450,000——
7BDec 13, 2021$2,270,000——
12AOct 17, 2023$4,250,000——
11AFeb 1, 2024$4,200,000——
9BMar 25, 2024$2,275,000——
3BApr 22, 2024$1,775,000——

Pro

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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
243 Development LLC
Construction lender
1st Constitution BankLender on the mortgage and building loan agreement recorded June 2017 in ACRIS; $6.86 million recorded

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

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