THE CONDO BOOK PROJECT

405 Quincy Street Condominium

405 Quincy Street, Brooklyn, NY 11216

Overview

Units
6 residential
Subway
11 min walk to Bedford-Nostrand Avs GKingston-Throop Avs C, 14 min
Offering price
$4.64 million total $3.54 million when first offered

The sponsor of record is Quincy Estates LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The sponsor has filed 2 amendments, the latest in June 2017. The nearest other condo plan on file is 442 Lexington Avenue Condominium, next door.

Plan CD160208 · New · accepted Feb 1, 2017 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan6 of 6
Closingsfirst and latest recordedOct 3, 2017 – Sep 17, 2021

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 6 closings
HomeRecordedClosing priceSchedule ADifference
2AOct 3, 2017$609,932——
1BOct 23, 2017$814,600——
2BNov 9, 2017$610,000——
3BJul 13, 2020$815,000——
3AJul 14, 2020$791,000——
1ASep 17, 2021$570,000——

Pro

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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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Team

Sponsor
Quincy Estates LLC
Construction lender
Arbor Realty TrustLender on the mortgage and building loan agreement recorded April 2017 in ACRIS; $5.14 million recorded

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

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