THE CONDO BOOK PROJECT

289 22nd Street Condominium

289 22nd Street, Brooklyn, NY 11215

Overview

Units
8 residential
Subway
9 min walk to 25 St RProspect Av R, 11 min
Principals
Jeff Akerman
Common charges
$171–$496 a monthSponsor's first-year estimate in Schedule A, January 1, 2024 - December 31, 2024
Offering price
$7.3 million total $68.8 million when first offered

The sponsor of record is 289 22nd Street LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 332 pages. The sponsor has filed 2 amendments, the latest in March 2024. The nearest other condo plan on file is 282-284 21st Street Condominium, next door.

Plan CD230108 · New · accepted Oct 24, 2023 · AG record ↗

Compare

FigureThis building1901 60th28 units · 1.9 miaccepted 2023915 55st38 units · 1.7 miaccepted 2022
Average Offering PricePer Apartment$860,000Above peers$721,823$756,800

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Unit mix, closings, budgets, finishes and the team, against 901 60th and 915 55st, 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 A8 of 8
Closing prices vs. Schedule A8 homes: $7,341,819 at closing against $6,880,000 in Schedule A (p. 33)+6.7%
Closingsfirst and latest recordedJul 22, 2024 – Feb 27, 2025

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 8 closings
HomeRecordedClosing priceSchedule ADifference
3RJul 22, 2024$1,013,159$995,000 p. 33+1.8%
4RJul 25, 2024$999,034$995,000 p. 33+0.4%
2RJul 26, 2024$1,130,000$1,050,000 p. 33+7.6%
4FJul 30, 2024$1,099,000$1,025,000 p. 33+7.2%
3FJul 31, 2024$605,859$545,000 p. 33+11.2%
2FAug 19, 2024$600,768$545,000 p. 33+10.2%
1FOct 7, 2024$599,000$525,000 p. 33+14.1%
1RFeb 27, 2025$1,295,000$1,200,000 p. 33+7.9%

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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
289 22nd Street LLC
Principals
Jeff Akerman
Tax estimate
Re Tax Service, Inc.Prepared the first-year real estate tax projection
Construction lender
Quanta Finance$7.62 million recorded

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

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