THE CONDO BOOK PROJECT

27 Wyckoff Condominium

27 Wyckoff Street, Brooklyn, NY 11201

Overview

Units
3 residential
Subway
3 min walk to Bergen St F GBorough Hall/Court St 2 3 4 5 R, 9 min
Principals
Fredrick Waid
Average $/sf
$1,415Homes in Schedule A, as first offered
Common charges
$1,140–$2,020 a monthSponsor's first-year estimate in Schedule A, July 1, 2022 - June 30, 2023
Offering price
$4.5 million total

The sponsor of record is Independence 41, LLC, represented by Starr Associates, LLP. The offering plan runs 468 pages. The sponsor has filed 3 amendments, the latest in October 2023. The nearest other condo plan on file is 23 Wyckoff Street Condominium, next door.

Plan CD210285 · Rehab · accepted Aug 4, 2022 · AG record ↗

Compare

FigureThis building1371 Douglass23 units · 0.8 miaccepted 2022184 Saint Marks34 units · 1.3 miaccepted 2022
Common ChargesPer Square Foot / Month$1.08Highest$0.35$0.33
Average Offering PricePer Apartment$2.25MIn line$2.4M$2.01M
Average PricePer Square Foot$1,415Below peers$1,530$1,467
Property TaxesPer Square Foot / Month$0.23Lowest$0.28$0.35
Average Unit SizeSquare Feet1,424 SFIn line1,568 SF1,372 SF

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Unit mix, closings, budgets, finishes and the team, against 371 Douglass and 184 Saint Marks, 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 closed67% of the homes in Schedule A2 of 3
Closing prices vs. Schedule A2 homes: $4,193,369 at closing against $4,500,000 in Schedule A (p. 47)−6.8%
Average closing price2 homes, on their Schedule A square feet$1,318 / SF
Closingsfirst and latest recordedAug 31, 2023 – Sep 14, 2023

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 2025: 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 2 closings
HomeRecordedClosing priceSchedule ADifference
2Aug 31, 2023$1,768,719$2,050,000 p. 47−13.7%
1Sep 14, 2023$2,424,650$2,450,000 p. 47−1%

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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
Independence 41, LLC
Principals
Fredrick Waid
Tax estimate
Korngold Powers LLPPrepared the first-year real estate tax projection

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

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