Condos @ 251 St. Marks
251 Saint Marks Avenue, Brooklyn, NY 11238
Overview
- Units
- 7 residential
- Subway
- 8 min walk to Grand Army Plaza 2 37 Av B Q, 8 min
- Principals
- Ariel Sholomov, Yair Yaish
- Common charges
- $232–$470 a monthSponsor's first-year estimate in Schedule A, Year Projected to Begin: July 1, 2023-June 30, 2024
- Offering price
- $13.2 million total $12.5 million when first offered
- Floor plans
- Page 33 of the plan
The sponsor of record is Hinsdale Holdings LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 373 pages. The sponsor has filed 2 amendments, the latest in November 2023. The nearest other condo plan on file is 268-270 St. Marks Condominium, next door.
Plan CD220185 · New · accepted Jan 25, 2023 · AG record ↗
Compare
| Figure | This building1 | 218 Classon26 units · 1 miaccepted 2023 | The Commodore A/K/A 31 North Elliot Place35 units · 1.4 miaccepted 2023 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.79MAbove peers | $1.59M | $1.75M |
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Unit mix, closings, budgets, finishes and the team, against 218 Classon and The Commodore A/K/A 31 North Elliot Place, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 7 of 7 |
| Closing prices vs. Schedule A7 homes: $12,835,000 at closing against $12,520,000 in Schedule A (p. 32) | +2.5% |
| Closingsfirst and latest recorded | Oct 24, 2023 – Jul 11, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 7 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3B | Oct 24, 2023 | $1,635,000 | $1,595,000 p. 32 | +2.5% |
| 3A | Oct 26, 2023 | $2,100,000 | $1,845,000 p. 32 | +13.8% |
| 4B | Oct 26, 2023 | $1,095,000 | $995,000 p. 32 | +10.1% |
| 1A | Nov 9, 2023 | $1,795,000 | $1,795,000 p. 32 | 0% |
| 4A | Nov 15, 2023 | $1,925,000 | $1,945,000 p. 32 | −1% |
| 2A | Nov 17, 2023 | $1,835,000 | $1,750,000 p. 32 | +4.9% |
| 1B | Jul 11, 2024 | $2,450,000 | $2,595,000 p. 32 | −5.6% |
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
- Hinsdale Holdings LLC
- Principals
- Ariel Sholomov, Yair Yaish
- Tax estimate
- Berish LichtmanPrepared the first-year real estate tax projection
- Construction lender
- Quanta Finance$5.5 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 268-270 St. Marks Condominiumnext door · 6 units · 2012
- 660 Bergen Condominiumnext door · 24 units · 2007
- 272 St. Marks Avenue Condominiumnext door · 8 units · 2009
- 648-652 Bergen Street Condominiumnext door · 9 units · 2013
- Vantage238next door · 20 units · 2008
- Vanderbilt View Condominiumnext door · 4 units · 2007