40 Middleton Street Condominium
40 Middleton Street, Brooklyn, NY 11206
Overview
- Units
- 12 residential
- Subway
- 6 min walk to Flushing Av GBroadway G, 8 min
- Principals
- Moishe Gold
- Offering price
- $5.5 million total
- Floor plans
- Page 15 of the plan
The sponsor of record is Lee Middleton Lorimer Holdings, LLC, represented by N.C. Caller, P.C.. The offering plan runs 253 pages. The sponsor has filed 4 amendments, the latest in October 2006. The nearest other condo plan on file is 251 Lee Avenue Condominium, next door.
Plan CD030093 · New · accepted Oct 3, 2003 · AG record ↗
Compare
| Figure | This building1 | 252-258 Richardson212 units · 1.4 miaccepted 2004 | 94-96 Skillman312 units · 0.4 miaccepted 2004 |
|---|---|---|---|
| Average Offering PricePer Apartment | $458,333In line | $578,333 | $339,167 |
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Unit mix, closings, budgets, finishes and the team, against 252-258 Richardson and 94-96 Skillman, cited to the offering plans. No credit card required.
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- 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 closed100% of the homes in Schedule A | 12 of 12 |
| Closing prices vs. Schedule A12 homes: $4,225,999 at closing against $5,500,000 in Schedule A (p. 20) | −23.2% |
| Closingsfirst and latest recorded | Apr 15, 2005 – Dec 28, 2006 |
Sales recorded with the Department of Finance (ACRIS) through Sep 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 12 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 5B | Apr 15, 2005 | $325,000 | $450,000 p. 20 | −27.8% |
| 2B | Apr 18, 2005 | $250,000 | $450,000 p. 20 | −44.4% |
| 1B | Jul 21, 2005 | $499,999 | $500,000 p. 20 | −0% |
| 2A | Aug 23, 2005 | $400,000 | $450,000 p. 20 | −11.1% |
| 4B | Oct 10, 2005 | $325,000 | $450,000 p. 20 | −27.8% |
| 5A | Dec 20, 2005 | $320,000 | $450,000 p. 20 | −28.9% |
| 4A | Dec 22, 2005 | $325,000 | $450,000 p. 20 | −27.8% |
| 6A | Jan 4, 2006 | $301,000 | $400,000 p. 20 | −24.8% |
| 3B | Jan 11, 2006 | $350,000 | $450,000 p. 20 | −22.2% |
| 3A | Jan 30, 2006 | $250,000 | $450,000 p. 20 | −44.4% |
| 6B | Mar 2, 2006 | $310,000 | $400,000 p. 20 | −22.5% |
| 1A | Dec 28, 2006 | $570,000 | $600,000 p. 20 | −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.
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
- Lee Middleton Lorimer Holdings, LLC
- Principals
- Moishe Gold
- Counsel
- N.C. Caller, P.C.
- Tax estimate
- Carl Caller, Esq.Prepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 251 Lee Avenue Condominiumnext door · 10 units · 2003
- 50 Middleton Street Condominiumnext door · 5 units
- 5 Lorimer Street Condominiumnext door · 12 units · 2003
- 237 Lee Avenue Condominiumnext door · 3 units · 2004
- 13 Lorimer Street Condominiumnext door · 12 units · 2003
- 23 Lorimer Street Condominiumnext door · 8 units · 2004