THE CONDO BOOK PROJECT

Horizon At Webster Condominium

264 Webster Avenue, Brooklyn, NY 11230

Overview

Units
63 residential · 34 parking · 28 storage
Subway
9 min walk to 18 Av FNewkirk Plaza B Q, 11 min
Principals
David Marom, Shay Moscovich
Offering price
$41.7 million total $38.6 million when first offered

The sponsor of record is Horizon Sterling LLC And Horizon At Webster LLC, represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 427 pages. The sponsor has filed 8 amendments, the latest in September 2024. The nearest other condo plan on file is 3829 18th Avenue Condominium, next door.

Plan CD180042 · New · accepted Aug 1, 2018 · AG record ↗

Compare

FigureThis building1Onyx Square256 units · 1.8 miaccepted 201715 East 19th333 units · 1.3 miaccepted 2018
Average Offering PricePer Apartment$612,460Below peers$650,446$639,697

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Unit mix, closings, budgets, finishes and the team, against Onyx Square and 15 East 19th, cited to the offering plans. No credit card required.

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How 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.

Closings Pro

Homes closed83% of the homes in the plan52 of 63
Closingsfirst and latest recordedMay 10, 2019 – Dec 4, 2024

Sales recorded with the Department of Finance (ACRIS) through Aug 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 52 closings
HomeRecordedClosing priceSchedule ADifference
307May 10, 2019$560,058——
510May 10, 2019$672,045——
408May 13, 2019$481,650——
410May 13, 2019$669,499——
609May 13, 2019$420,810——
PH809May 13, 2019$992,794——
208May 14, 2019$481,650——
409May 14, 2019$390,390——
701May 14, 2019$728,049——
704May 14, 2019$753,505——
309May 15, 2019$380,250——
601May 15, 2019$840,056——
105May 16, 2019$415,740——
308May 16, 2019$471,510——
204May 17, 2019$476,580——
210May 17, 2019$621,133——
404May 17, 2019$662,226——
PH810May 17, 2019$784,053——
106May 20, 2019$425,880——
209May 20, 2019$479,115——
503May 20, 2019$519,308——
604May 20, 2019$722,958——
402May 21, 2019$753,505——
502May 21, 2019$768,779——
509May 21, 2019$400,530——
PH804May 22, 2019$768,779——
411May 23, 2019$501,930——
710May 23, 2019$763,688——
302May 24, 2019$677,136——
611May 24, 2019$829,874——
504May 28, 2019$733,140——
PH801Jun 3, 2019$763,688——
205Jun 5, 2019$329,550——
202Jun 14, 2019$354,900——
407Jun 17, 2019$575,311——
507Jun 17, 2019$585,494——
403Jun 28, 2019$534,581——
711Jun 28, 2019$865,513——
310Jul 2, 2019$687,319——
709Jul 2, 2019$1,033,524——
311Jul 8, 2019$487,734——
PH811Jul 19, 2019$865,513——
304Aug 5, 2019$692,410——
608Aug 20, 2019$534,581——
508Aug 22, 2019$501,930——
511Sep 16, 2019$519,308——
201Oct 2, 2019$595,676——
PH803Oct 4, 2019$605,859——
607Nov 25, 2019$605,859——
103Dec 4, 2019$768,779——
303Dec 17, 2019$534,989——
703Dec 4, 2024$500,000——

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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
Horizon Sterling LLC And Horizon At Webster LLC
Principals
David Marom, Shay Moscovich
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
New York Community Bank$16.5 million recorded

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

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