Nostrand Avenue Condominium
335-341 Nostrand Avenue, Brooklyn, NY 11216
Overview
- Units
- 20 residential · 4 commercial
- Subway
- 5 min walk to Bedford-Nostrand Avs GNostrand Av A C, 9 min
- Principals
- Guy Iber, Erez Mordechai
- Average $/sf
- $998Homes in Schedule A, as first offered
- Offering price
- $14.9 million total
- Floor plans
- Page 84 of the plan
The sponsor of record is Nostrand Homes LLC & Nostrand Ave Holdings LLC, represented by Mavrides Moyal Packman Sadkin. The offering plan runs 562 pages. The sponsor has filed 2 amendments, the latest in December 2019. The nearest other condo plan on file is 399 Gates Avenue Condominium, next door.
Plan CD180238 · Rehab · accepted May 17, 2019 · AG record ↗
Compare
| Figure | This building1 | Crown 601227 units · 1.6 miaccepted 2017 | 153 Chauncey316 units · 1.2 miaccepted 2022 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.98 ⚠Above peers | $0.93 | $0.70 |
| Average Offering PricePer Apartment | $747,000Above peers | $642,115 | $685,000 |
| Average PricePer Square Foot | $998In line | $879 | $1,042 |
| Average Unit SizeSquare Feet | 748 SFLarger | 730 SF | 657 SF |
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Unit mix, closings, budgets, finishes and the team, against Crown 601 and 153 Chauncey, cited to the offering plans. No credit card required.
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- 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.
⚠ Read from a partly legible Schedule B.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 20 of 20 |
| Closing prices vs. Schedule A13 homes: $8,979,696 at closing against $9,580,000 in Schedule A (p. 59) | −6.3% |
| Average closing price13 homes, on their Schedule A square feet | $922 / SF |
| Closingsfirst and latest recorded | Jan 13, 2020 – Mar 13, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Mar 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 24 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 301D | Jan 13, 2020 | $515,000 | $525,000 p. 59 | −1.9% |
| 401C | Jan 14, 2020 | $485,000 | $510,000 p. 59 | −4.9% |
| 401B | Jan 17, 2020 | $476,580 | $510,000 p. 59 | −6.6% |
| 201D | Jan 31, 2020 | $935,000 | $975,000 p. 59 | −4.1% |
| 201C | Feb 3, 2020 | $930,000 | $975,000 p. 59 | −4.6% |
| 402D | Feb 10, 2020 | $1,008,116 | $1,100,000 p. 59 | −8.4% |
| 302C | Feb 11, 2020 | $550,000 | $625,000 p. 59 | −12% |
| 301C | Feb 13, 2020 | $495,000 | $525,000 p. 59 | −5.7% |
| 201B | Apr 24, 2020 | $960,000 | $975,000 p. 59 | −1.5% |
| 302D | May 22, 2020 | $580,000 | $625,000 p. 59 | −7.2% |
| 302B | May 29, 2020 | $610,000 | $625,000 p. 59 | −2.4% |
| 201A | Jul 9, 2020 | $5,269,729one deed, 7 homes | $975,000 p. 59 | — |
| 301A | Jul 9, 2020 | $5,269,729one deed, 7 homes | $525,000 p. 59 | — |
| 301B | Jul 9, 2020 | $5,269,729one deed, 7 homes | $525,000 p. 59 | — |
| 302A | Jul 9, 2020 | $5,269,729one deed, 7 homes | $625,000 p. 59 | — |
| 401D | Jul 9, 2020 | $5,269,729one deed, 7 homes | $510,000 p. 59 | — |
| 402A | Jul 9, 2020 | $5,269,729one deed, 7 homes | $1,100,000 p. 59 | — |
| 402B | Jul 9, 2020 | $5,269,729one deed, 7 homes | $1,100,000 p. 59 | — |
| 402C | Jul 17, 2020 | $985,000 | $1,100,000 p. 59 | −10.5% |
| COM 1 | Jul 17, 2020 | $600,000 | — | — |
| COM 2 | Jul 17, 2020 | $600,000 | — | — |
| COM 3 | Apr 20, 2021 | $800,000 | — | — |
| COM 4 | Apr 20, 2021 | $800,000 | — | — |
| 401A | Mar 13, 2024 | $450,000 | $510,000 p. 59 | −11.8% |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Nostrand Homes LLC & Nostrand Ave Holdings LLC
- Principals
- Guy Iber, Erez Mordechai
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Maxim Credit GroupLender on the mortgage and building loan agreement recorded August 2018 in ACRIS; $10.9 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 399 Gates Avenue Condominiumnext door · 16 units · 8 parking · 2017
- 246 Quincy Street Condominiumnext door · 3 units · 2013
- 292 Quincy Street Condominiumnext door · 16 units · 2017
- 370 Gates Avenue Condominiumnext door · 4 units · 2016
- 368 Gates Avenue Condominiumnext door · 4 units · 2016
- 366 Gates Avenue Condominiumnext door · 8 units · 2018