THE CONDO BOOK PROJECT

419 Manhattan Avenue Condominium

419 Manhattan Avenue, Brooklyn, NY 11222

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Overview

Units
5 residential
Subway
8 min walk to Nassau Av GGraham Av L, 9 min
Principals
Francziska Cielepak, Hubert Nowakowski, Janus Czuj
Average $/sf
$1,745Homes in Schedule A, as first offered
Common charges
$660–$923 a monthSponsor's first-year estimate in Schedule A, January 1 2025 - December 31 2025
Offering price
$10 million total

The sponsor of record is 419 Manhattan Avenue LLC, represented by Starr Associates, LLP. The offering plan runs 514 pages. The sponsor has filed 2 amendments, the latest in August 2025. The nearest other condo plan on file is Richardson Lofts Condominium, next door.

Plan CD240203 · New · accepted Nov 21, 2024 · AG record ↗

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FigureThis building1The Park House25 units · 0.3 miaccepted 2024The Grand Manhattan35 units · 0.1 miaccepted 2024
Common ChargesPer Square Foot / Month$0.74Highest$0.45$0.40
Average Offering PricePer Apartment$2MBelow peers$2.05M$2.31M
Average PricePer Square Foot$1,745Above peers$1,714$1,709
Property TaxesPer Square Foot / Month$0.72Highest$0.53$0.56
Average Unit SizeSquare Feet1,146 SFSmaller1,194 SF1,352 SF

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Unit mix, closings, budgets, finishes and the team, against The Park House and The Grand Manhattan, 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 A5 of 5
Closing prices vs. Schedule A5 homes: $9,232,584 at closing against $10,000,000 in Schedule A (p. 53)−7.7%
Average closing price5 homes, on their Schedule A square feet$1,611 / SF
Closingsfirst and latest recordedAug 22, 2025 – Sep 15, 2025

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2025: 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 5 closings
HomeRecordedClosing priceSchedule ADifference
3Aug 22, 2025$1,950,000$2,175,000 p. 53−10.3%
2Aug 26, 2025$1,932,584$2,100,000 p. 53−8%
4Aug 27, 2025$2,050,000$2,225,000 p. 53−7.9%
1Sep 5, 2025$1,150,000$1,200,000 p. 53−4.2%
5Sep 15, 2025$2,150,000$2,300,000 p. 53−6.5%

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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.

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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
419 Manhattan Avenue LLC
Principals
Francziska Cielepak, Hubert Nowakowski, Janus Czuj
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Terra Solid CapitalLender on the mortgage and building loan agreement recorded July 2024 in ACRIS; $7.54 million recorded

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

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