THE CONDO BOOK PROJECT

379 12th Street Condominium

379 12th Street, Brooklyn, NY 11215

Overview

Units
6 residential
Subway
4 min walk to 7 Av F G4 Av-9 St F G R, 10 min
Principals
Elizabeth McDonald, Jason Blauvelt
Average $/sf
$1,857Homes in Schedule A, as first offered
Common charges
$555–$713 a monthSponsor's first-year estimate in Schedule A, 7/1/2025-6/30/2026
Offering price
$14.9 million total $13.4 million when first offered

The sponsor of record is 379 12th Street LLC, represented by Rosen Law LLC. The offering plan runs 401 pages. The sponsor has filed 3 amendments, the latest in February 2026. The nearest other condo plan on file is 378 12th Street Condominium, next door.

Plan CD240225 · New · accepted Jun 30, 2025 · AG record ↗

Compare

FigureThis building134 Garfield Place24 units · 0.6 miaccepted 202578 1st Place36 units · 1.2 miaccepted 2025
Common ChargesPer Square Foot / Month$0.51Highest$0.32$0.36
Average Offering PricePer Apartment$2.39MLowest$3.02M$3.15M
Average PricePer Square Foot$1,857In line$1,853$1,951
Property TaxesPer Square Foot / Month$1.00Highest$0.55$0.43
Average Unit SizeSquare Feet1,286 SFSmallest1,628 SF1,615 SF

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Unit mix, closings, budgets, finishes and the team, against 34 Garfield Place and 78 1st 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 A6 of 6
Closing prices vs. Schedule A6 homes: $14,885,797 at closing against $14,324,000 in Schedule A (p. 50)+3.9%
Average closing price6 homes, on their Schedule A square feet$1,929 / SF
Closingsfirst and latest recordedDec 30, 2025 – Mar 27, 2026

Sales recorded with the Department of Finance (ACRIS) through Apr 30, 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 6 closings
HomeRecordedClosing priceSchedule ADifference
1ADec 30, 2025$2,642,359$2,475,000 p. 50+6.8%
2BJan 7, 2026$1,933,657$1,899,000 p. 50+1.8%
2AJan 12, 2026$1,985,588$1,950,000 p. 50+1.8%
3BJan 16, 2026$2,825,644$2,775,000 p. 50+1.8%
1BMar 24, 2026$2,647,450$2,425,000 p. 50+9.2%
3AMar 27, 2026$2,851,100$2,800,000 p. 50+1.8%

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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
379 12th Street LLC
Principals
Elizabeth McDonald, Jason Blauvelt
Tax estimate
Rosen Law, LLCPrepared the first-year real estate tax projection
Construction lender
Midfirst Bank$5.77 million recorded

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

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