349 Prospect Place Condominium
349 Prospect Place, Brooklyn, NY 11238
Overview
- Units
- 6 residential
- Subway
- 8 min walk to Park Pl SGrand Army Plaza 2 3, 9 min
- Principals
- Arie Bar Chaim
- Offering price
- $8.41 million total $7.24 million when first offered
- Floor plans
- Page 35 of the plan
The sponsor of record is 349 Prospect Pl LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 378 pages. The sponsor has filed 3 amendments, the latest in November 2022. The nearest other condo plan on file is Villas At Prospect Place, next door.
Plan CD210116 · Rehab · accepted Nov 22, 2021 · AG record ↗
Compare
| Figure | This building1 | 1230 Bedford28 units · 0.7 miaccepted 2021 | 186 Clinton38 units · 1.1 miaccepted 2021 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.1MIn line | $1.05M | $1.15M |
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Unit mix, closings, budgets, finishes and the team, against 1230 Bedford and 186 Clinton, 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 6 of 6 |
| Closing prices vs. Schedule A6 homes: $7,650,063 at closing against $7,235,000 in Schedule A (p. 34) | +5.7% |
| Average closing price2 homes, on their Schedule A square feet | $1,325 / SF |
| Closingsfirst and latest recorded | Jan 19, 2023 – Jun 23, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 6 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4R | Jan 19, 2023 | $1,338,999 | $1,150,000 p. 34 | +16.4% |
| 4F | Jan 25, 2023 | $952,064 | $895,000 p. 34 | +6.4% |
| 1 | Feb 10, 2023 | $1,810,000 | $1,950,000 p. 34 | −7.2% |
| 3F | Mar 13, 2023 | $849,000 | $795,000 p. 34 | +6.8% |
| 2 | Apr 28, 2023 | $1,890,000 | $1,650,000 p. 34 | +14.5% |
| 3R | Jun 23, 2023 | $810,000 | $795,000 p. 34 | +1.9% |
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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
- 349 Prospect Pl LLC
- Principals
- Arie Bar Chaim
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Cross River Bank$2.34 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Villas At Prospect Placenext door · 6 units · 2017
- 357 Prospect Place Condominiumnext door · 7 units · 2014
- 319 Prospect Place Condominiumnext door · 8 units · 2024
- 330-332 St. Marks Avenue Condominiumnext door · 6 units · 2016
- 373 Prospect Place Condominiumnext door · 6 units · 2022
- 336 St. Marks Avenue Condominiumnext door · 13 units · 11 parking · 2017