THE CONDO BOOK PROJECT

31 Spencer Street Condominium

31 Spencer Street, Brooklyn, NY 11205

Overview

Units
0 residential · 9 commercial
Subway
8 min walk to Flushing Av GMyrtle-Willoughby Avs G, 11 min
Principals
Sam Polatsek
Offering price
$53.3 million total

The sponsor of record is 31 Spencer Street Usa LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 337 pages. The sponsor has filed 3 amendments, the latest in September 2023. The nearest other condo plan on file is 16 Spencer Street Condominium, next door.

Plan CD200088 · New · accepted Mar 30, 2021 · AG record ↗

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
31 Spencer Street Usa LLC
Principals
Sam Polatsek
Tax estimate
METROPOLITANPrepared the first-year real estate tax projection
Construction lender
31SP Holdings$17.5 million recorded

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

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