THE CONDO BOOK PROJECT

Castles By The Sea Condominium

2822/2826 Batchelder Street, Brooklyn, NY 11235

Overview

Units
4 residential
Subway
22 min walk to Sheepshead Bay B QBrighton Beach B Q, 31 min
Principals
Frank Rosemberg
Average $/sf
$361Homes in Schedule A, as first offered
Offering price
$2.15 million total

The sponsor of record is Frank Rosenberg, represented by Alston & Bird LLP. The offering plan runs 212 pages. The sponsor has filed 1 amendment, the latest in August 2004. The nearest other condo plan on file is 2833 Batchelder Street Condominiums, next door.

Plan CD020146 · New · accepted Dec 5, 2002 · AG record ↗

Compare

FigureThis building1Freedom Square24 units · 0.1 miaccepted 2004Lawn Court Condominium III36 units · 1.2 miaccepted 2004
Common ChargesPer Square Foot / Month$0.21In line$0.22$0.12
Average Offering PricePer Apartment$537,500In line$548,500$441,667
Average PricePer Square Foot$361Above peers$354$322
Average Unit SizeSquare Feet1,490 SFIn line1,551 SF1,373 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Freedom Square and Lawn Court Condominium III, cited to the offering plans. No credit card required.

Create a free account
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 closed75% of the homes in Schedule A3 of 4
Closing prices vs. Schedule A3 homes: $1,605,038 at closing against $1,625,000 in Schedule A (p. 34)−1.2%
Average closing price3 homes, on their Schedule A square feet$336 / SF
Closingsfirst and latest recordedSep 29, 2005 – Jan 10, 2024

Sales recorded with the Department of Finance (ACRIS) through Mar 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 3 closings
HomeRecordedClosing priceSchedule ADifference
1Sep 29, 2005$560,038$550,000 p. 34+1.8%
2Sep 4, 2007$645,000$550,000 p. 34+17.3%
3Jan 10, 2024$400,000$525,000 p. 34−23.8%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
Frank Rosenberg
Principals
Frank Rosemberg
Tax estimate
Stephen WekselblattPrepared the first-year real estate tax projection

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

Nearby