THE CONDO BOOK PROJECT

320 Macon Condominium

320 Macon Street, Brooklyn, NY 11216

Overview

Units
4 residential · 1 commercial
Subway
6 min walk to Kingston-Throop Avs CUtica Av A C, 9 min
Principals
Richard Mack, Gregory Maidman
Offering price
$3.32 million total $3.42 million when first offered

The sponsor of record is 320 Macon Gp LLC, represented by Lewis C. Taishoff Attorney At Law. The offering plan runs 502 pages. The nearest other condo plan on file is 361 Macon Street Condominium, next door.

Plan CD180276 · Rehab · accepted Aug 13, 2019 · AG record ↗

Compare

FigureThis building1852 St. Johns Place25 units · 1 miaccepted 2019659 Putnam34 units · 0.3 miaccepted 2020
Average Offering PricePer Apartment$856,000In line$835,000$900,000

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Unit mix, closings, budgets, finishes and the team, against 852 St. Johns Place and 659 Putnam, 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 the plan4 of 4
Closingsfirst and latest recordedMar 19, 2020 – Dec 23, 2020

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 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
HomeRecordedClosing priceSchedule ADifference
2AMar 19, 2020$455,286——
2BApr 3, 2020$661,863——
4Apr 23, 2020$999,000——
3Dec 23, 2020$960,000——

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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 Macon Gp LLC
Principals
Richard Mack, Gregory Maidman
Counsel
Lewis C. Taishoff Attorney At Law
Tax estimate
Podell, Schwartz, Schechter & Banfield, LLPPrepared the first-year real estate tax projection
Construction lender
Emerald Creek Capital$3.25 million recorded

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

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