THE CONDO BOOK PROJECT

99 2nd Place Condominium

420 Court Street, Brooklyn, NY 11231

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Overview

Units
4 residential · 2 commercial
Subway
3 min walk to Carroll St F GSmith-9 Sts F G, 9 min
Principals
Elizabeth McDonald, Jason Blauvelt
Average $/sf
$1,996Homes in Schedule A, as first offered
Common charges
$665–$1,068 a monthSponsor's first-year estimate in Schedule A, 3/1/2026-2/28/2027
Offering price
$16.5 million total $14.6 million when first offered

The sponsor of record is 420 Court Street LLC, represented by Rosen Law LLC. The offering plan runs 360 pages. The sponsor has filed 1 amendment, the latest in September 2026. The nearest other condo plan on file is 90 First Place Condominium, next door.

Plan CD250302 · New · accepted Jun 23, 2026 · AG record ↗

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FigureThis building134 Garfield Place24 units · 0.8 miaccepted 2025Townhouse 27034 units · 1.1 miaccepted 2026
Common ChargesPer Square Foot / Month$0.46In line$0.32$0.72
Average Offering PricePer Apartment$3.52MHighest$3.02M$2.08M
Average PricePer Square Foot$1,996Above peers$1,853$1,700
Property TaxesPer Square Foot / Month$1.11In line$0.55$1.25
Average Unit SizeSquare Feet1,765 SFLarger1,628 SF1,221 SF

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Unit mix, closings, budgets, finishes and the team, against 34 Garfield Place and Townhouse 270, 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 A4 of 4
Closing prices vs. Schedule A4 homes: $10,882,163 at closing against $14,090,000 in Schedule A (p. 57)−22.8%
Average closing price4 homes, on their Schedule A square feet$1,542 / SF
Closingsfirst and latest recordedOct 21, 2025 – Mar 16, 2026

Sales recorded with the Department of Finance (ACRIS) through Mar 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 6 closings
HomeRecordedClosing priceSchedule ADifference
1Oct 21, 2025$3,132,163$3,250,000 p. 57−3.6%
4Oct 29, 2025$2,600,000$4,740,000 p. 57−45.1%
6Oct 30, 2025$3,400,000——
2Nov 6, 2025$2,600,000$3,300,000 p. 57−21.2%
5Nov 6, 2025$2,500,000——
3Mar 16, 2026$2,550,000$2,800,000 p. 57−8.9%

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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
420 Court Street LLC
Principals
Elizabeth McDonald, Jason Blauvelt
Tax estimate
Rosen Law, LLCPrepared the first-year real estate tax projection
Construction lender
Preferred Bank$7.15 million recorded

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

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