40 4th Place Condominium
40 4th Place, Brooklyn, NY 11231
Overview
- Units
- 4 residential
- Subway
- 8 min walk to Carroll St F GSmith-9 Sts F G, 9 min
- Principals
- Anthony Guglieri
- Average $/sf
- $1,828Homes in Schedule A, as first offered
- Common charges
- $216–$378 a monthSponsor's first-year estimate in Schedule A, June 1, 2020 through May 31, 2021
- Offering price
- $7 million total
The sponsor of record is 40 4th Place Holdings, Inc., represented by Paul A. Leff, Esq.. The offering plan runs 274 pages. The sponsor has filed 1 amendment, the latest in October 2020. The nearest other condo plan on file is 22 4th Place Condominium, next door.
Plan CD190319 · Rehab · accepted Apr 22, 2020 · AG record ↗
Compare
| Figure | This building1 | 78 2nd Place24 units · 0.1 miaccepted 2021 | 227 Berkeley Place34 units · 1.5 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.28In line | $0.25 | $0.39 |
| Average Offering PricePer Apartment | $1.75MBelow peers | $2.2M | $1.8M |
| Average PricePer Square Foot | $1,828In line | $1,865 | $1,635 |
| Property TaxesPer Square Foot / Month | $0.49Lowest | $0.65 | $0.83 |
| Average Unit SizeSquare Feet | 958 SFSmaller | 1,180 SF | 1,100 SF |
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Unit mix, closings, budgets, finishes and the team, against 78 2nd Place and 227 Berkeley Place, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed75% of the homes in Schedule A | 3 of 4 |
| Closing prices vs. Schedule A3 homes: $4,378,209 at closing against $5,252,600 in Schedule A (p. 26) | −16.6% |
| Average closing price3 homes, on their Schedule A square feet | $1,626 / SF |
| Closingsfirst and latest recorded | Mar 11, 2021 – May 20, 2021 |
Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 3 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| Unit 2 | Mar 11, 2021 | $1,221,800 | $1,355,000 p. 26 | −9.8% |
| Unit 3 | Mar 30, 2021 | $1,125,000 | $1,417,600 p. 26 | −20.6% |
| Unit 1 | May 20, 2021 | $2,031,409 | $2,480,000 p. 26 | −18.1% |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- 40 4th Place Holdings, Inc.
- Principals
- Anthony Guglieri
- Counsel
- Paul A. Leff, Esq.
- Construction lender
- Victory State BankLender on the mortgage and building loan agreement recorded March 2019 in ACRIS; $1.88 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 22 4th Place Condominiumnext door · 2 units
- 538 Clinton Street Condominiumnext door · 5 units · 1 parking · 2020
- 16 4th Place Condominiumnext door · 2 units · 2008
- 112 Luquer Street Condominiumnext door · 3 units · 2025
- 110 Luquer Street Condominiumnext door · 3 units · 2025
- 62 4th Place Condominiumnext door · 4 units