THE CONDO BOOK PROJECT

320 Humboldt Street Condominium

320 Humboldt Street, Brooklyn, NY 11211

Overview

Units
5 residential
Subway
3 min walk to Grand St LGraham Av L, 4 min
Principals
Nadav Hamo
Common charges
$240–$566 a monthSponsor's first-year estimate in Schedule A, January 1, 2018- December 31, 2018
Offering price
$5.69 million total $4.32 million when first offered

The sponsor of record is 320 Humboldt Street LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 346 pages. The sponsor has filed 5 amendments, the latest in October 2019. The nearest other condo plan on file is Ainslie Grand, next door.

Plan CD160413 · New · accepted May 9, 2017 · AG record ↗

Compare

FigureThis building1180 Jackson25 units · 0.3 miaccepted 2017198a Kent35 units · 1.4 miaccepted 2017
Average Offering PricePer Apartment$864,600In line$857,800$864,600

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Unit mix, closings, budgets, finishes and the team, against 180 Jackson and 198a Kent, 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 A5 homes: $5,178,474 at closing against $4,323,000 in Schedule A (p. 29)+19.8%
Closingsfirst and latest recordedFeb 5, 2019 – Mar 5, 2020

Sales recorded with the Department of Finance (ACRIS) through May 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 5 closings
HomeRecordedClosing priceSchedule ADifference
4Feb 5, 2019$1,430,000$1,195,000 p. 29+19.7%
3FMar 1, 2019$722,958$565,000 p. 29+28%
3RMay 13, 2019$675,000$565,000 p. 29+19.5%
2Jun 4, 2019$1,150,000$999,000 p. 29+15.1%
1Mar 5, 2020$1,200,517$999,000 p. 29+20.2%

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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
320 Humboldt Street LLC
Principals
Nadav Hamo
Construction lender
Alpine Capital Bank$1.6 million recorded

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

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