THE CONDO BOOK PROJECT

340 Metropolitan Avenue Condominium

340 Metropolitan Avenue, Brooklyn, NY 11211

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Overview

Units
10 residential · 1 commercial
Subway
6 min walk to Metropolitan Av/Lorimer St G LBedford Av L, 6 min
Principals
Anthony Morena, Shawn Robinson
Average $/sf
$1,608Homes in Schedule A, as first offered
Common charges
$380–$651 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
Offering price
$18.3 million total

The sponsor of record is 340 Metropolitan LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 348 pages. The sponsor has filed 4 amendments, the latest in August 2023. The nearest other condo plan on file is 349 Metropolitan Avenue Condominium, next door.

Plan CD210182 · New · accepted Jan 11, 2022 · AG record ↗

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FigureThis building1186 Huron210 units · 1.3 miaccepted 202140two Devoe38 units · 0.4 miaccepted 2022
Common ChargesPer Square Foot / Month$0.41Lowest$0.84$0.68
Average Offering PricePer Apartment$1.72MAbove peers$1.48M$1.59M
Average PricePer Square Foot$1,608Above peers$1,602$1,595
Property TaxesPer Square Foot / Month$0.95Above peers$0.92$0.33
Average Unit SizeSquare Feet1,068 SFLarger924 SF1,000 SF

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Unit mix, closings, budgets, finishes and the team, against 186 Huron and 40two Devoe, 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 A10 of 10
Closing prices vs. Schedule A10 homes: $16,506,971 at closing against $17,165,000 in Schedule A (p. 54)−3.8%
Average closing price10 homes, on their Schedule A square feet$1,546 / SF
Closingsfirst and latest recordedJun 13, 2022 – Jan 5, 2023

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 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 11 closings
HomeRecordedClosing priceSchedule ADifference
5BJun 13, 2022$1,400,000$1,575,000 p. 54−11.1%
3ASep 9, 2022$1,450,000$1,450,000 p. 540%
3BSep 9, 2022$1,463,231$1,450,000 p. 54+0.9%
5ASep 9, 2022$1,552,831$1,575,000 p. 54−1.4%
6BSep 15, 2022$2,235,059$2,250,000 p. 54−0.7%
4BOct 12, 2022$1,349,181$1,499,000 p. 54−10%
6AOct 14, 2022$2,270,531$2,250,000 p. 54+0.9%
1ANov 17, 2022$1,323,725$1,267,000 p. 54+4.5%
4ANov 22, 2022$1,375,000$1,499,000 p. 54−8.3%
RTLDec 29, 2022$176,500——
2AJan 5, 2023$2,087,413$2,350,000 p. 54−11.2%

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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
340 Metropolitan LLC
Principals
Anthony Morena, Shawn Robinson
Tax estimate
MGNY ConsultingPrepared the first-year real estate tax projection
Construction lender
DR Bank$7.15 million recorded

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

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