THE CONDO BOOK PROJECT

385 Vernon Avenue Condominium

385 Vernon Avenue, Brooklyn, NY 11206

Overview

Units
16 residential · 6 parking
Subway
2 min walk to Myrtle Av J M ZFlushing Av J M, 8 min
Principals
Yitzchok Schwartz
Average $/sf
$839Homes in Schedule A, as first offered
Common charges
$521 a monthSponsor's first-year estimate in Schedule A, October 1, 2025 – September 30, 2026
Offering price
$10.4 million total

The sponsor of record is 385 Vernon Estates LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 326 pages. The sponsor has filed 1 amendment, the latest in June 2025. The nearest other condo plan on file is 376 Vernon Avenue Condominium, next door.

Plan CD250008 · Rehab · accepted May 29, 2025 · AG record ↗

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
385 Vernon Estates LLC
Principals
Yitzchok Schwartz
Tax estimate
RE Tax ServicePrepared the first-year real estate tax projection
Construction lender
Arion FundLender on the mortgage and building loan agreement recorded July 2024 in ACRIS; $6.26 million recorded

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

Nearby