THE CONDO BOOK PROJECT

314 Degraw Street Condominium

314 Degraw Street, Brooklyn, NY 11231

Overview

Units
4 residential
Subway
5 min walk to Carroll St F GBergen St F G, 6 min
Offering price
$9.99 million total

The sponsor of record is 415 Second Street LLC & Se Realty Holdings 1 LLC, represented by Marans Weisz & Newman LLC. The sponsor has filed 3 amendments, the latest in July 2021. The nearest other condo plan on file is 301 Degraw Condominium, next door.

Plan CD190171 · Rehab · accepted Oct 18, 2019 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan4 of 4
Closingsfirst and latest recordedNov 25, 2020 – Feb 16, 2021

Sales recorded with the Department of Finance (ACRIS) through Mar 31, 2021: 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
3Nov 25, 2020$2,200,000——
1Feb 12, 2021$2,450,000——
2Feb 12, 2021$2,163,781——
4Feb 16, 2021$2,295,000——

Pro

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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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Team

Sponsor
415 Second Street LLC & Se Realty Holdings 1 LLC
Construction lender
S3 CapitalLender on the mortgage and building loan agreement recorded February 2020 in ACRIS; $4.71 million recorded

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

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