THE CONDO BOOK PROJECT

406 Greene Avenue Condominium

406 Greene Avenue, Brooklyn, NY 11216

Overview

Units
3 residential
Subway
3 min walk to Bedford-Nostrand Avs GClasson Av G, 8 min
Principals
Francisco Duque, Joana Pacheco
Common charges
$385–$1,051 a monthSponsor's first-year estimate in Schedule A, July 1, 2024- June 30, 2025
Offering price
$5.45 million total

The sponsor of record is F3j LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 350 pages. The nearest other condo plan on file is 393 Greene Avenue Condominium, next door.

Plan CD230333 · New · accepted Jun 18, 2024 · AG record ↗

Compare

FigureThis building1118 Madison24 units · 0.3 miaccepted 2024643 Baltic33 units · 1.4 miaccepted 2025
Average Offering PricePer Apartment$1.82MIn line$1.77M$2.01M

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Unit mix, closings, budgets, finishes and the team, against 118 Madison and 643 Baltic, cited to the offering plans. No credit card required.

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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 A3 of 3
Closing prices vs. Schedule A3 homes: $4,421,011 at closing against $5,450,000 in Schedule A (p. 33)−18.9%
Closingsfirst and latest recordedMar 10, 2025 – Nov 19, 2025

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 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
HomeRecordedClosing priceSchedule ADifference
1Mar 10, 2025$2,341,975$3,100,000 p. 33−24.5%
2Mar 21, 2025$1,080,000$1,200,000 p. 33−10%
3Nov 19, 2025$999,036$1,150,000 p. 33−13.1%

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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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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
F3j LLC
Principals
Francisco Duque, Joana Pacheco
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
First Republic Bank$2.4 million recorded

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

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