THE CONDO BOOK PROJECT

37 Carroll Street Condominium

37 Carroll Street, Brooklyn, NY 11231

Overview

Units
4 residential · 1 parking
Subway
13 min walk to Carroll St F GSmith-9 Sts F G, 17 min
Principals
Valdimir Lempert, Domenico Ancona, Jerry Ancona
Offering price
$5.15 million total $3.65 million when first offered

The sponsor of record is 37 Carrol Street LLC, represented by Korsinsky & Klein, LLP. The offering plan runs 194 pages. The sponsor has filed 1 amendment, the latest in November 2019. The nearest other condo plan on file is 25 Carroll Street Condominium, next door.

Plan CD180381 · Rehab · accepted Jan 14, 2019 · AG record ↗

Compare

FigureThis building1766 Union25 units · 1.5 miaccepted 202040 4th Place34 units · 0.4 miaccepted 2020
Average Offering PricePer Apartment$1.25MBelow peers$1.33M$1.75M

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Unit mix, closings, budgets, finishes and the team, against 766 Union and 40 4th Place, 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: $4,629,500 at closing against $5,000,000 in Schedule A (p. 21)−7.4%
Closingsfirst and latest recordedSep 16, 2020 – Apr 28, 2021

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 5 closings
HomeRecordedClosing priceSchedule ADifference
3Sep 16, 2020$999,500$1,150,000 p. 21−13.1%
2Sep 29, 2020$1,100,000$1,150,000 p. 21−4.3%
1Sep 30, 2020$1,150,000$1,200,000 p. 21−4.2%
4Apr 28, 2021$1,380,000$1,500,000 p. 21−8%
GApr 28, 2021$1,380,000——

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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
37 Carrol Street LLC
Principals
Valdimir Lempert, Domenico Ancona, Jerry Ancona

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

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