THE CONDO BOOK PROJECT

245 Schaefer Street Condominium

245 Schaefer Street, Brooklyn, NY 11207

Overview

Units
10 residential
Subway
5 min walk to Wilson Av LHalsey St L, 7 min
Offering price
$6.14 million total $5 million when first offered

The sponsor of record is 245 Schaefer Street LLC, represented by The Law Office Of Jay Lichtman, P.C.. The sponsor has filed 6 amendments, the latest in January 2020. The nearest other condo plan on file is 266 Covert Street Condominium, next door.

Plan CD170204 · New · accepted Feb 7, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan10 of 10
Closingsfirst and latest recordedJan 9, 2019 – Oct 29, 2020

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 10 closings
HomeRecordedClosing priceSchedule ADifference
1AJan 9, 2019$800,000——
2DFeb 13, 2019$578,200——
2AMar 6, 2019$490,000——
2CApr 1, 2019$583,000——
4CApr 17, 2019$692,410——
4BMay 6, 2019$720,000——
3AAug 26, 2019$510,000——
4AJan 14, 2020$580,000——
2BApr 17, 2020$476,580——
3BOct 29, 2020$470,000——

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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Team

Sponsor
245 Schaefer Street LLC
Construction lender
Sharestates InvestmentsLender on the mortgage and building loan agreement recorded June 2018 in ACRIS; $2.41 million recorded

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

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