THE CONDO BOOK PROJECT

371 Van Brunt Condominium

371 Van Brunt Street, Brooklyn, NY 11231

Overview

Units
2 residential
Subway
22 min walk to Smith-9 Sts F GCarroll St F G, 26 min
Principals
Frederic Duchac
Average $/sf
$1,247Homes in Schedule A, as first offered
Common charges
$175–$724 a monthSponsor's first-year estimate in Schedule A, July 1, 2020 through June 31, 2021
Offering price
$3.3 million total

The sponsor of record is 371 Van Brunt, LLC, represented by Paul A. Leff, Esq.. The offering plan runs 254 pages. The nearest other condo plan on file is 110 Coffey Street Condominium, next door.

Plan CD190062 · Rehab · accepted Apr 23, 2020 · AG record ↗

Compare

FigureThis building1315 6th23 units · 1.5 miaccepted 2020285 7th33 units · 1.5 miaccepted 2021
Common ChargesPer Square Foot / Month$0.34Lowest$0.41$0.44
Average Offering PricePer Apartment$1.65MBelow peers$1.98M$1.93M
Average PricePer Square Foot$1,247Lowest$1,618$1,545
Property TaxesPer Square Foot / Month$0.12Lowest$0.51$0.47
Average Unit SizeSquare Feet1,323 SFLarger1,226 SF1,248 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 315 6th and 285 7th, 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.

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
371 Van Brunt, LLC
Principals
Frederic Duchac
Tax estimate
Paul A. Leff, CPAPrepared the first-year real estate tax projection

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

Nearby