THE CONDO BOOK PROJECT

379 13th Street Condominium

379 13th Street, Brooklyn, NY 11215

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Overview

Units
4 residential
Subway
4 min walk to 7 Av F G15 St-Prospect Park F G, 8 min
Principals
Segev Nachum
Average $/sf
$1,524Homes in Schedule A, as first offered
Common charges
$656–$887 a monthSponsor's first-year estimate in Schedule A, Year Projected to Begin: July 1, 2021- June 30, 2021
Offering price
$7.36 million total

The sponsor of record is 379 13th LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 366 pages. The sponsor has filed 1 amendment, the latest in April 2021. The nearest other condo plan on file is 394 12th Street Condominium, next door.

Plan CD200170 · Rehab · accepted Feb 23, 2021 · AG record ↗

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FigureThis building1285 7th23 units · 0.5 miaccepted 2021538 Clinton35 units · 1.2 miaccepted 2020
Common ChargesPer Square Foot / Month$0.62Highest$0.44$0.45
Average Offering PricePer Apartment$1.84MIn line$1.93M$1.8M
Average PricePer Square Foot$1,524In line$1,545$1,431
Property TaxesPer Square Foot / Month$1.08Highest$0.47$0.60
Average Unit SizeSquare Feet1,208 SFSmaller1,248 SF1,259 SF

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Unit mix, closings, budgets, finishes and the team, against 285 7th and 538 Clinton, 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: $6,870,000 at closing against $7,360,000 in Schedule A (p. 33)−6.7%
Average closing price4 homes, on their Schedule A square feet$1,422 / SF
Closingsfirst and latest recordedMar 1, 2022 – Mar 18, 2022

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 4 closings
HomeRecordedClosing priceSchedule ADifference
1Mar 1, 2022$1,950,000$2,200,000 p. 33−11.4%
3Mar 14, 2022$1,600,000$1,600,000 p. 330%
4Mar 16, 2022$1,720,000$1,960,000 p. 33−12.2%
2Mar 18, 2022$1,600,000$1,600,000 p. 330%

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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 13th LLC
Principals
Segev Nachum
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Bayport Funding$4.2 million recorded

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

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