THE CONDO BOOK PROJECT

2743 East 26th Street Condominium

2743 East 26th Street, Brooklyn, NY 11235

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Overview

Units
6 residential · 6 parking
Subway
14 min walk to Sheepshead Bay B QNeck Rd Q, 25 min
Principals
Oleg Krasnitsky, Boris Tanskiy, Alexander Novikov
Average $/sf
$467Homes in Schedule A, as first offered
Offering price
$2.91 million total

The sponsor of record is 2743 East 26th Street LLC, represented by Law Offices Of Michael Michael, Pllc. The offering plan runs 198 pages. The sponsor has filed 3 amendments, the latest in November 2015. The nearest other condo plan on file is 2747 East 26th Street Condominium, next door.

Plan CD130323 · New · accepted Dec 9, 2014 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A6 of 6
Closing prices vs. Schedule A6 homes: $2,305,634 at closing against $2,764,000 in Schedule A (p. 32)−16.6%
Average closing price6 homes, on their Schedule A square feet$390 / SF
Closingsfirst and latest recordedJan 27, 2016 – May 10, 2016

Sales recorded with the Department of Finance (ACRIS) through Apr 30, 2021: 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 6 closings
HomeRecordedClosing priceSchedule ADifference
101Jan 27, 2016$253,500$299,000 p. 32−15.2%
102Mar 8, 2016$438,555$449,000 p. 32−2.3%
301Mar 14, 2016$576,940$599,000 p. 32−3.7%
302Mar 30, 2016$565,129$599,000 p. 32−5.7%
201May 10, 2016$192,660$349,000 p. 32−44.8%
202May 10, 2016$278,850$469,000 p. 32−40.5%

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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
2743 East 26th Street LLC
Principals
Oleg Krasnitsky, Boris Tanskiy, Alexander Novikov
Tax estimate
Alex KostovetskyPrepared the first-year real estate tax projection

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

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