THE CONDO BOOK PROJECT

392 Graham Avenue Condominium

392 Graham Avenue, Brooklyn, NY 11211

Compare

Overview

Units
8 residential
Subway
3 min walk to Graham Av LMetropolitan Av/Lorimer St G L, 8 min
Developer
On Point Development
Average $/sf
$1,521Homes in Schedule A, as first offered
Common charges
$262–$572 a monthSponsor's first-year estimate in Schedule A, July 1, 2024 To June 30, 2025
Offering price
$11.6 million total $10.6 million when first offered

The sponsor of record is 392 Graham Development LLC, represented by Eial Girtz, PC. The offering plan runs 271 pages. The sponsor has filed 3 amendments, the latest in August 2024. The nearest other condo plan on file is 174 Jackson Street Condominium, next door.

Plan CD230236 · New · accepted Feb 1, 2024 · AG record ↗

Compare

FigureThis building1179 Jackson26 units · 0.1 miaccepted 2024The Woodpoint35 units · 0.2 miaccepted 2024
Common ChargesPer Square Foot / Month$0.47In line$1.00$0.41
Average Offering PricePer Apartment$1.32MIn line$1.26M$1.53M
Average PricePer Square Foot$1,521In line$1,457$1,539
Property TaxesPer Square Foot / Month$0.77Lowest$1.32$1.09
Average Unit SizeSquare Feet869 SFSmaller879 SF993 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 179 Jackson and The Woodpoint, 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.

Closings Pro

Homes closed100% of the homes in Schedule A8 of 8
Closing prices vs. Schedule A8 homes: $11,555,341 at closing against $10,566,000 in Schedule A (p. 36)+9.4%
Average closing price8 homes, on their Schedule A square feet$1,663 / SF
Closingsfirst and latest recordedJul 25, 2024 – Nov 21, 2024

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2024: 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 8 closings
HomeRecordedClosing priceSchedule ADifference
4BJul 25, 2024$1,075,000$959,000 p. 36+12.1%
6Aug 5, 2024$2,100,000$1,825,000 p. 36+15.1%
2Aug 8, 2024$1,855,000$1,675,000 p. 36+10.7%
5Aug 27, 2024$1,993,022$1,750,000 p. 36+13.9%
1Sep 3, 2024$1,512,319$1,600,000 p. 36−5.5%
4ASep 13, 2024$995,000$899,000 p. 36+10.7%
3AOct 15, 2024$975,000$899,000 p. 36+8.5%
3BNov 21, 2024$1,050,000$959,000 p. 36+9.5%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
392 Graham Development LLC
Developer
On Point DevelopmentReported by web.archive.org
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Bullpath Capital$3.5 million loan stated in the plan

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

Nearby