THE CONDO BOOK PROJECT

35 Havemeyer Street Condominium

35 Havemeyer Street, Brooklyn, NY 11211

Compare

Overview

Units
8 residential
Subway
4 min walk to Bedford Av LMetropolitan Av/Lorimer St G L, 5 min
Principals
Raymond Gentile
Average $/sf
$720Homes in Schedule A, as first offered
Common charges
$294–$472 a monthSponsor's first-year estimate in Schedule A, For the Period Commencing January 1, 2012 to December 31, 2012
Offering price
$3.93 million total

The sponsor of record is 35 Havemeyer Development Corp., represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 263 pages. The sponsor has filed 6 amendments, the latest in December 2012. The nearest other condo plan on file is 29 Havemeyer Condominium, next door.

Plan CD110076 · New · accepted Jul 22, 2011 · AG record ↗

Compare

FigureThis building188 North 5th28 units · 0.4 miaccepted 2012Greenpoint Plaza315 units · 1.2 miaccepted 2010
Common ChargesPer Square Foot / Month$0.50In line$0.77$0.43
Average Offering PricePer Apartment$490,750Above peers$458,125$459,733
Average PricePer Square Foot$720Above peers$693$707
Property TaxesPer Square Foot / Month$0.03Lowest$0.04$0.05
Average Unit SizeSquare Feet681 SFLarger661 SF650 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 88 North 5th and Greenpoint Plaza, 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 A8 of 8
Closing prices vs. Schedule A8 homes: $3,630,042 at closing against $3,926,000 in Schedule A (p. 13)−7.5%
Average closing price8 homes, on their Schedule A square feet$666 / SF
Closingsfirst and latest recordedSep 5, 2012 – Jan 28, 2013

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 8 closings
HomeRecordedClosing priceSchedule ADifference
4b-PHSep 5, 2012$439,350$499,000 p. 13−12%
2aSep 7, 2012$390,390$420,000 p. 13−7%
3aSep 14, 2012$420,000$425,000 p. 13−1.2%
4a-PHSep 18, 2012$626,224$629,000 p. 13−0.4%
1bSep 20, 2012$519,478$599,000 p. 13−13.3%
2bOct 17, 2012$410,670$425,000 p. 13−3.4%
1aJan 4, 2013$322,000$499,000 p. 13−35.5%
3bJan 28, 2013$501,930$430,000 p. 13+16.7%

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
35 Havemeyer Development Corp.
Principals
Raymond Gentile
Tax estimate
Ben Rottenstein Associates, Inc.Prepared the first-year real estate tax projection

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

Nearby