290 Powers Street Condominium
290 Powers Street, Brooklyn, NY 11211
Overview
- Units
- 4 residential
- Subway
- 3 min walk to Grand St LGraham Av L, 7 min
- Principals
- Nir Sapir, Snir David
- Offering price
- $5.13 million total $4.07 million when first offered
- Floor plans
- Page 12 of the plan
The sponsor of record is 290 Powers Group LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 335 pages. The sponsor has filed 2 amendments, the latest in July 2018. The nearest other condo plan on file is 292 Powers Street Condominium, next door.
Plan CD170022 · New · accepted Jul 27, 2017 · AG record ↗
Compare
| Figure | This building1 | 675 Lafayette24 units · 1.6 miaccepted 2017 | 55 Maspeth36 units · 0.2 miaccepted 2017 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.02MIn line | $872,000 | $1.08M |
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Unit mix, closings, budgets, finishes and the team, against 675 Lafayette and 55 Maspeth, cited to the offering plans. No credit card required.
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- 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 the plan | 4 of 4 |
| Closingsfirst and latest recorded | Jul 25, 2018 – Apr 14, 2020 |
Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 1 | Jul 25, 2018 | $1,445,915 | — | — |
| 3 | Jul 26, 2018 | $1,216,809 | — | — |
| 2 | Apr 14, 2020 | $450,000 | — | — |
| 4 | Apr 14, 2020 | $499,000 | — | — |
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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.
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
- 290 Powers Group LLC
- Principals
- Nir Sapir, Snir David
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Tideway Capital Funding$1.8 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 292 Powers Street Condominiumnext door · 8 units · 2007
- 15-17 Judge Street Condominiumnext door · 16 units · 2008
- 237 Devoe Street Condominium0.1 mi · 6 units · 2019
- 898 Metropolitan Avenue Condominium0.1 mi · 8 units · 2008
- 291 Devoe Street Condo0.1 mi · 8 units · 2008
- Trillium Condominium0.1 mi · 7 units · 2011