THE CONDO BOOK PROJECT

341 13th Street Condominium

341 13th Street, Brooklyn, NY 11215

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Overview

Units
4 residential
Subway
6 min walk to 7 Av F G4 Av-9 St F G R, 10 min
Principals
Elie Fouerti, Vyacheslav Faybyshev, Ibrahim Fouerti
Average $/sf
$1,661Homes in Schedule A, as first offered
Common charges
$391–$670 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 - June 30, 2025
Offering price
$7.95 million total $7.63 million when first offered

The sponsor of record is 341 13th Street LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 307 pages. The sponsor has filed 3 amendments, the latest in July 2024. The nearest other condo plan on file is 356 12th Street Condominium, next door.

Plan CD220084 · New · accepted Jul 19, 2023 · AG record ↗

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FigureThis building153 Prospect Park25 units · 0.6 miaccepted 2023442 3rd34 units · 0.5 miaccepted 2023
Common ChargesPer Square Foot / Month$0.46In line$0.56$0.30
Average Offering PricePer Apartment$1.91MIn line$1.82M$2.44M
Average PricePer Square Foot$1,661In line$1,662$1,605
Property TaxesPer Square Foot / Month$1.60Highest$1.29$0.39
Average Unit SizeSquare Feet1,148 SFIn line1,098 SF1,519 SF

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Unit mix, closings, budgets, finishes and the team, against 53 Prospect Park and 442 3rd, 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 closed75% of the homes in Schedule A3 of 4
Closing prices vs. Schedule A3 homes: $5,480,588 at closing against $5,225,000 in Schedule A (p. 48)+4.9%
Average closing price3 homes, on their Schedule A square feet$1,616 / SF
Closingsfirst and latest recordedAug 7, 2024 – Aug 15, 2024

Sales recorded with the Department of Finance (ACRIS) through May 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 3 closings
HomeRecordedClosing priceSchedule ADifference
2Aug 7, 2024$1,995,000$1,925,000 p. 48+3.6%
3Aug 15, 2024$1,985,588$1,900,000 p. 48+4.5%
4Aug 15, 2024$1,500,000$1,400,000 p. 48+7.1%

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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
341 13th Street LLC
Principals
Elie Fouerti, Vyacheslav Faybyshev, Ibrahim Fouerti
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Valley National Bank$3.3 million loan stated in the plan

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

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