THE CONDO BOOK PROJECT

Twenty First Street Condominium

332-334 21st Street, Brooklyn, NY 11215

Overview

Units
8 residential
Subway
12 min walk to 25 St RProspect Av R, 12 min
Principals
Ramin Baratian
Common charges
$331–$470 a monthSponsor's first-year estimate in Schedule A, July 1, 2022- June 30, 2023
Offering price
$13.7 million total $12.1 million when first offered

The sponsor of record is Greenwood Hts LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 403 pages. The sponsor has filed 2 amendments, the latest in August 2023. The nearest other condo plan on file is 352 21st Street Condominium, next door.

Plan CD210151 · Rehab · accepted Dec 16, 2022 · AG record ↗

Compare

FigureThis building1590 6th28 units · 0.9 miaccepted 2022Ivonne38 units · 0.5 miaccepted 2025
Average Offering PricePer Apartment$1.52MIn line$2.49M$1.44M

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Unit mix, closings, budgets, finishes and the team, against 590 6th and Ivonne, 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: $13,865,350 at closing against $12,139,960 in Schedule A (p. 33)+14.2%
Closingsfirst and latest recordedAug 3, 2023 – Jan 11, 2024

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 8 closings
HomeRecordedClosing priceSchedule ADifference
4AAug 3, 2023$1,603,744$1,449,995 p. 33+10.6%
2BAug 7, 2023$1,654,656$1,409,995 p. 33+17.4%
3BAug 7, 2023$1,689,000$1,459,995 p. 33+15.7%
2AAug 11, 2023$1,669,930$1,409,995 p. 33+18.4%
1AAug 23, 2023$2,189,238$1,899,995 p. 33+15.2%
3ASep 13, 2023$1,700,478$1,459,995 p. 33+16.5%
1BDec 19, 2023$1,858,306$1,599,995 p. 33+16.1%
4BJan 11, 2024$1,499,999$1,449,995 p. 33+3.4%

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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
Greenwood Hts LLC
Principals
Ramin Baratian
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Popular Bank

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

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