THE CONDO BOOK PROJECT

29 Havemeyer Condominium

29 Havemeyer Street, Brooklyn, NY 11211

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Overview

Units
5 residential · 1 commercial
Subway
4 min walk to Bedford Av LMetropolitan Av/Lorimer St G L, 4 min
Principals
Jonathan Glasser, Liam Millhiser, Ross R. Millhiser IV
Average $/sf
$1,986Homes in Schedule A, as first offered
Common charges
$413–$598 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 Through December 31, 2023
Offering price
$12.6 million total

The sponsor of record is 2729 Havemeyer Realty LLC**, represented by Schwartz Sladkus Greenberg Atlans LLP. The offering plan runs 292 pages. The sponsor has filed 2 amendments, the latest in October 2023. The nearest other condo plan on file is 35 Havemeyer Street Condominium, next door.

Plan CD220165 · New · accepted May 2, 2023 · AG record ↗

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FigureThis building1232 South 2nd24 units · 0.4 miaccepted 202361 North Henry36 units · 0.7 miaccepted 2022
Common ChargesPer Square Foot / Month$0.55Above peers$0.49$0.45
Average Offering PricePer Apartment$1.92MIn line$1.85M$2.25M
Average PricePer Square Foot$1,986In line$1,768$2,050
Property TaxesPer Square Foot / Month$0.90In line$0.99$0.59
Average Unit SizeSquare Feet967 SFSmaller1,046 SF1,097 SF

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Unit mix, closings, budgets, finishes and the team, against 232 South 2nd and 61 North Henry, 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 A5 of 5
Closing prices vs. Schedule A3 homes: $5,300,000 at closing against $6,450,000 in Schedule A (p. 38)−17.8%
Average closing price3 homes, on their Schedule A square feet$1,619 / SF
Closingsfirst and latest recordedJan 11, 2024 – Apr 26, 2024

Sales recorded with the Department of Finance (ACRIS) through Jan 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 5 closings
HomeRecordedClosing priceSchedule ADifference
5AJan 11, 2024$1,400,000——
3Feb 21, 2024$1,825,000$2,150,000 p. 38−15.1%
5BFeb 23, 2024$1,165,000——
2Mar 22, 2024$1,650,000$2,050,000 p. 38−19.5%
4Apr 26, 2024$1,825,000$2,250,000 p. 38−18.9%

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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
2729 Havemeyer Realty LLC**
Principals
Jonathan Glasser, Liam Millhiser, Ross R. Millhiser IV

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

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