THE CONDO BOOK PROJECT

349 Hoyt Street Condominium

349 Hoyt Street, Brooklyn, NY 11231

Compare

Overview

Units
4 residential
Subway
4 min walk to Carroll St F GBergen St F G, 11 min
Principals
Stuart van Leenen, Jonathan Feifer, Matthew Landau, Rufina Litvak
Average $/sf
$1,931Homes in Schedule A, as first offered
Common charges
$370–$449 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 - June 30, 2022
Offering price
$8.57 million total $7.68 million when first offered

The sponsor of record is 349 Hoyt LLC**, represented by The Law Office Of Claudia V. Murdoch, P.C.. The offering plan runs 217 pages. The sponsor has filed 1 amendment, the latest in October 2021. The nearest other condo plan on file is Carroll Street Condominiums, next door.

Plan CD200212 · Rehab · accepted Jun 4, 2021 · AG record ↗

Compare

FigureThis building158 Butler24 units · 0.3 miaccepted 202178 2nd Place34 units · 0.3 miaccepted 2021
Common ChargesPer Square Foot / Month$0.37Above peers$0.33$0.25
Average Offering PricePer Apartment$2.14MBelow peers$2.49M$2.2M
Average PricePer Square Foot$1,931Above peers$1,882$1,865
Property TaxesPer Square Foot / Month$0.19Lowest$0.54$0.65
Average Unit SizeSquare Feet1,110 SFSmaller1,322 SF1,180 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 58 Butler and 78 2nd Place, cited to the offering plans. No credit card required.

Create a free account
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: $8,273,281 at closing against $8,575,000 in Schedule A (p. 33)−3.5%
Average closing price4 homes, on their Schedule A square feet$1,863 / SF
Closingsfirst and latest recordedMar 11, 2022 – Apr 13, 2022

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2023: 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
1Mar 11, 2022$2,341,975$2,525,000 p. 33−7.2%
2Mar 15, 2022$1,807,394$1,950,000 p. 33−7.3%
3Mar 30, 2022$1,934,675$2,050,000 p. 33−5.6%
4Apr 13, 2022$2,189,238$2,050,000 p. 33+6.8%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
349 Hoyt LLC**
Principals
Stuart van Leenen, Jonathan Feifer, Matthew Landau, Rufina Litvak
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Valley National Bank$3.15 million recorded

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

Nearby