Villas At Prospect Place
351 Prospect Place, Brooklyn, NY 11238
Overview
- Units
- 6 residential
- Subway
- 8 min walk to Park Pl SGrand Army Plaza 2 3, 9 min
- Principals
- Rafi Manor
- Offering price
- $6.79 million total $7.12 million when first offered
- Floor plans
- Pages 129–133 of the plan
The sponsor of record is Prospect Pl Villa LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 292 pages. The sponsor has filed 5 amendments, the latest in January 2020. The nearest other condo plan on file is 349 Prospect Place Condominium, next door.
Plan CD160355 · Rehab · accepted May 3, 2017 · AG record ↗
Compare
| Figure | This building1 | 84 Sterling Place24 units · 0.6 miaccepted 2017 | 664 Lafayette33 units · 1.3 miaccepted 2017 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.19MIn line | $1.44M | $1.12M |
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Unit mix, closings, budgets, finishes and the team, against 84 Sterling Place and 664 Lafayette, 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.
Closings Pro
| Homes closed100% of the homes in the plan | 6 of 6 |
| Closingsfirst and latest recorded | Oct 7, 2019 – Feb 10, 2020 |
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 |
|---|---|---|---|---|
| 1B | Oct 7, 2019 | $1,216,809 | — | — |
| 2A | Oct 7, 2019 | $830,000 | — | — |
| 3A | Oct 7, 2019 | $825,053 | — | — |
| 2B | Oct 17, 2019 | $774,124 | — | — |
| 3B | Feb 5, 2020 | $1,415,368 | — | — |
| 1A | Feb 10, 2020 | $620,000 | — | — |
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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
- Prospect Pl Villa LLC
- Principals
- Rafi Manor
- Tax estimate
- LAW OFFICES OF HERSHY ITZKOWITZ, P.C.Prepared the first-year real estate tax projection
- Construction lender
- S3 Capital$1.85 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 349 Prospect Place Condominiumnext door · 6 units · 2021
- 357 Prospect Place Condominiumnext door · 7 units · 2014
- 330-332 St. Marks Avenue Condominiumnext door · 6 units · 2016
- 373 Prospect Place Condominiumnext door · 6 units · 2022
- 319 Prospect Place Condominiumnext door · 8 units · 2024
- 336 St. Marks Avenue Condominiumnext door · 13 units · 11 parking · 2017