THE CONDO BOOK PROJECT

Freedom Square Condominium

2841 Ford Street, Brooklyn, NY 11235

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Overview

Units
4 residential
Subway
23 min walk to Sheepshead Bay B QBrighton Beach B Q, 32 min
Principals
Albert Agnese, Linda R. Agnese
Average $/sf
$354Homes in Schedule A, as first offered
Common charges
$268–$402 a monthSponsor's first-year estimate in Schedule A, Commencing January 1, 2005 and Ending December 31, 2005
Offering price
$2.19 million total

The sponsor of record is Mazie, LLC, represented by Stempel,Bennett,Claman & Hochberg, P.C.. The offering plan runs 298 pages. The sponsor has filed 5 amendments, the latest in September 2006. The nearest other condo plan on file is 2833 Ford Street Condominium, next door.

Plan CD040081 · New · accepted Jul 8, 2004 · AG record ↗

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FigureThis building1Lawn Court Condominium III26 units · 1.3 miaccepted 20041835 East 14th37 units · 1.9 miaccepted 2007
Common ChargesPer Square Foot / Month$0.22Highest$0.12$0.19
Average Offering PricePer Apartment$548,500In line$441,667$680,000
Average PricePer Square Foot$354In line$322$551
Property TaxesPer Square Foot / Month$0.10Highest$0.01$0.03
Average Unit SizeSquare Feet1,551 SFLarger1,373 SF1,235 SF

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Unit mix, closings, budgets, finishes and the team, against Lawn Court Condominium III and 1835 East 14th, 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 closed100% of the homes in Schedule A4 of 4
Closing prices vs. Schedule A4 homes: $2,276,273 at closing against $2,194,000 in Schedule A (p. 24)+3.7%
Average closing price4 homes, on their Schedule A square feet$367 / SF
Closingsfirst and latest recordedJun 14, 2005 – Nov 8, 2006

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 4 closings
HomeRecordedClosing priceSchedule ADifference
2Jun 14, 2005$646,664$670,000 p. 24−3.5%
3Jun 6, 2006$701,649$689,000 p. 24+1.8%
1FJun 29, 2006$471,585$410,000 p. 24+15%
1RNov 8, 2006$456,375$425,000 p. 24+7.4%

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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
Mazie, LLC
Principals
Albert Agnese, Linda R. Agnese
Tax estimate
Jerome MazurskyPrepared the first-year real estate tax projection
Construction lender
La Jolla Bank

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

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