406 Midwood Street Condominium
406 Midwood Street, Brooklyn, NY 11225
Overview
- Units
- 10 residential
- Subway
- 8 min walk to Winthrop St 2 5Sterling St 2 5, 8 min
- Principals
- Yaakov Scharman, Barel Shor
- Common charges
- $305–$603 a monthSponsor's first-year estimate in Schedule A, July 1, 2023- June 30, 2024
- Offering price
- $8.23 million total
- Floor plans
- Page 13 of the plan
The sponsor of record is Hlpg 406 Midwood LLC, represented by The Law Office Of Jay Lichtman, PC. The offering plan runs 363 pages. The sponsor has filed 2 amendments, the latest in May 2024. The nearest other condo plan on file is 401 Rutland Road Condominium, next door.
Plan CD220197 · New · accepted Apr 6, 2023 · AG record ↗
Compare
| Figure | This building1 | 514 Maple210 units · 0.2 miaccepted 2022 | Winthrop Gardens310 units · 0.5 miaccepted 2022 |
|---|---|---|---|
| Average Offering PricePer Apartment | $724,000In line | $706,000 | $807,500 |
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Unit mix, closings, budgets, finishes and the team, against 514 Maple and Winthrop Gardens, 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 closed100% of the homes in Schedule A | 10 of 10 |
| Closing prices vs. Schedule A10 homes: $7,750,070 at closing against $7,240,000 in Schedule A (p. 35) | +7% |
| Closingsfirst and latest recorded | May 23, 2023 – May 1, 2026 |
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 10 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4B | May 23, 2023 | $834,965 | $800,000 p. 35 | +4.4% |
| 3A | Nov 13, 2024 | $555,019 | $525,000 p. 35 | +5.7% |
| 2B | Dec 12, 2024 | $850,000 | $850,000 p. 35 | 0% |
| 3C | Dec 13, 2024 | $615,000 | $525,000 p. 35 | +17.1% |
| 3B | Apr 10, 2025 | $575,000 | $525,000 p. 35 | +9.5% |
| 2A | Apr 24, 2025 | $840,000 | $850,000 p. 35 | −1.2% |
| 1A | Jul 17, 2025 | $985,000 | $900,000 p. 35 | +9.4% |
| 4C | Nov 4, 2025 | $837,002 | $800,000 p. 35 | +4.6% |
| 4A | Nov 13, 2025 | $590,585 | $515,000 p. 35 | +14.7% |
| 1B | May 1, 2026 | $1,067,500 | $950,000 p. 35 | +12.4% |
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
- Hlpg 406 Midwood LLC
- Principals
- Yaakov Scharman, Barel Shor
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Quanta Finance$4.05 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 401 Rutland Road Condominiumnext door · 22 units · 11 parking · 2020
- Calvert Housenext door · 49 units · 2025
- 373 Rutland Road Condominiumnext door · 9 units · 2026
- 384 Maple Street Condominiumnext door · 10 units · 2007
- Calvert Villasnext door · 10 units · 2024
- 421 Maple Street Condominiumnext door · 10 units · 2021