Devoe Tower Condominium
244 Devoe Street, Brooklyn, NY 11211
Overview
- Units
- 4 residential
- Subway
- 3 min walk to Grand St LGraham Av L, 4 min
- Principals
- Kit Hong Lai, Kwok Wai Chan, Tat-Wai Chan
- Average $/sf
- $1,456Homes in Schedule A, as first offered
- Common charges
- $431–$657 a monthSponsor's first-year estimate in Schedule A, April 29, 2022-April 28, 2023
- Offering price
- $7.75 million total $6.08 million when first offered
- Floor plans
- Page 29 of the plan
The sponsor of record is Devoe One Tower LLC, represented by Dylan Chan Law Firm. The offering plan runs 220 pages. The sponsor has filed 2 amendments, the latest in July 2022. The nearest other condo plan on file is 221 Devoe Street Condominium, next door.
Plan CD210300 · New · accepted May 24, 2022 · AG record ↗
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 4 of 4 |
| Closing prices vs. Schedule A4 homes: $6,504,554 at closing against $6,949,996 in Schedule A (p. 37) | −6.4% |
| Average closing price4 homes, on their Schedule A square feet | $1,363 / SF |
| Closingsfirst and latest recorded | Sep 30, 2022 – Nov 4, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2022: 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
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 1F | Sep 30, 2022 | $1,917,338 | $1,799,999 p. 37 | +6.5% |
| 3F | Oct 7, 2022 | $1,659,748 | $1,799,999 p. 37 | −7.8% |
| 4F | Oct 25, 2022 | $1,323,725 | $1,599,999 p. 37 | −17.3% |
| 2F | Nov 4, 2022 | $1,603,744 | $1,749,999 p. 37 | −8.4% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Devoe One Tower LLC
- Principals
- Kit Hong Lai, Kwok Wai Chan, Tat-Wai Chan
- Counsel
- Dylan Chan Law Firm
- Tax estimate
- SJP Tax Consultants Inc.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 221 Devoe Street Condominiumnext door · 7 units · 2018
- Trillium Condominiumnext door · 7 units · 2011
- 237 Devoe Street Condominiumnext door · 6 units · 2019
- 15-17 Judge Street Condominiumnext door · 16 units · 2008
- 850 Metropolitan Avenue Condominiumnext door · 32 units · 2019
- 30 Bushwick Avenue Condominiumnext door · 22 units · 2024