THE CONDO BOOK PROJECT

342 6th Avenue Condominium

342 6th Avenue, Brooklyn, NY 11238

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Overview

Units
4 residential
Subway
7 min walk to 7 Av F G4 Av-9 St F G R, 10 min
Principals
David Ettedgui, Zohar Zauber
Average $/sf
$1,278Homes in Schedule A, as first offered
Common charges
$280–$517 a monthSponsor's first-year estimate in Schedule A, Commencing On September 1, 2015
Offering price
$6.42 million total

The sponsor of record is 342 6th Avenue LLC, represented by Raphael And Marks. The offering plan runs 268 pages. The sponsor has filed 1 amendment, the latest in August 2016. The nearest other condo plan on file is 340 6th Avenue Condominium, next door.

Plan CD150111 · Rehab · accepted Jul 20, 2015 · AG record ↗

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FigureThis building1181 Park Place23 units · 0.7 miaccepted 2014585 10th33 units · 0.4 miaccepted 2018
Common ChargesPer Square Foot / Month$0.28In line$0.28$0.32
Average Offering PricePer Apartment$1.6MBelow peers$1.93M$1.88M
Average PricePer Square Foot$1,278In line$1,149$1,304
Property TaxesPer Square Foot / Month$0.35Above peers$0.21$0.33
Average Unit SizeSquare Feet1,256 SFSmaller1,682 SF1,441 SF

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Unit mix, closings, budgets, finishes and the team, against 181 Park Place and 585 10th, 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 A4 of 4
Closing prices vs. Schedule A4 homes: $6,063,000 at closing against $6,420,000 in Schedule A (p. 30)−5.6%
Average closing price4 homes, on their Schedule A square feet$1,207 / SF
Closingsfirst and latest recordedNov 19, 2015 – Dec 29, 2020

Sales recorded with the Department of Finance (ACRIS) through Apr 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 4 closings
HomeRecordedClosing priceSchedule ADifference
2Nov 19, 2015$1,290,000$1,290,000 p. 300%
4Dec 4, 2015$1,500,000$1,590,000 p. 30−5.7%
3Dec 22, 2015$1,323,000$1,350,000 p. 30−2%
1Dec 29, 2020$1,950,000$2,190,000 p. 30−11%

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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.

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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
342 6th Avenue LLC
Principals
David Ettedgui, Zohar Zauber
Tax estimate
The Mazursky GroupPrepared the first-year real estate tax projection

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

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