THE CONDO BOOK PROJECT

2640 East 14th Street Condominium

2640 East 14th Street, Brooklyn, NY 11235

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Overview

Units
5 residential · 5 parking · 2 commercial
Subway
4 min walk to Sheepshead Bay B QNeck Rd Q, 15 min
Principals
Boris Maiden, Nikolay Lipetsker, Yanina Ilan
Offering price
$5.72 million total $5.09 million when first offered

The sponsor of record is 2640 East 14 LLC, represented by Ilan Law Firm, P.C.. The offering plan runs 195 pages. The sponsor has filed 4 amendments, the latest in March 2017. The nearest other condo plan on file is 2646 East 14th Street Condominium, next door.

Plan CD140151 · New · accepted Apr 17, 2015 · AG record ↗

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FigureThis building12493 Ocean26 units · 1 miaccepted 201673 Bay 47th39 units · 1.6 miaccepted 2017
Average Offering PricePer Apartment$1.02MHighest$709,833$800,556

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Unit mix, closings, budgets, finishes and the team, against 2493 Ocean and 73 Bay 47th, 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 closed0 of 0

Sales recorded with the Department of Finance (ACRIS) through Feb 29, 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.

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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
2640 East 14 LLC
Principals
Boris Maiden, Nikolay Lipetsker, Yanina Ilan
Tax estimate
Real & Proper Inc.Prepared the first-year real estate tax projection

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

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