THE CONDO BOOK PROJECT

319 Prospect Place Condominium

319 Prospect Place, Brooklyn, NY 11238

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Overview

Units
8 residential
Subway
9 min walk to Grand Army Plaza 2 37 Av B Q, 9 min
Principals
Anthony Morena, Ari Harkov, Warner Lewis
Average $/sf
$1,363Homes in Schedule A, as first offered
Offering price
$18.4 million total

The sponsor of record is Mhl Capital Ii LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 334 pages. The sponsor has filed 3 amendments, the latest in October 2024. The nearest other condo plan on file is Mark Condominium, next door.

Plan CD230166 · New · accepted Feb 9, 2024 · AG record ↗

Compare

FigureThis building1622 Myrtle26 units · 1.2 miaccepted 20241025 Pacific38 units · 0.3 miaccepted 2024
Common ChargesPer Square Foot / Month$0.47In line$0.45$0.62
Average Offering PricePer Apartment$2.3MHighest$1.55M$1.56M
Average PricePer Square Foot$1,363In line$1,299$1,457
Average Unit SizeSquare Feet1,685 SFLargest1,191 SF1,073 SF

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Unit mix, closings, budgets, finishes and the team, against 622 Myrtle and 1025 Pacific, 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: $17,293,260 at closing against $18,369,000 in Schedule A (p. 49)−5.9%
Average closing price8 homes, on their Schedule A square feet$1,283 / SF
Closingsfirst and latest recordedDec 12, 2024 – Nov 21, 2025

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2025: 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
3ADec 12, 2024$1,810,000$1,810,000 p. 490%
2ADec 13, 2024$1,811,379$1,795,000 p. 49+0.9%
2BDec 13, 2024$1,912,292$1,895,000 p. 49+0.9%
3BDec 13, 2024$1,868,489$1,835,000 p. 49+1.8%
4ADec 13, 2024$3,450,000$3,495,000 p. 49−1.3%
1BJan 7, 2025$2,595,000$2,595,000 p. 490%
4BAug 21, 2025$2,851,100$3,395,000 p. 49−16%
1ANov 21, 2025$995,000$1,549,000 p. 49−35.8%

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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
Mhl Capital Ii LLC
Principals
Anthony Morena, Ari Harkov, Warner Lewis
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Popular Bank$9.5 million recorded

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

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