424 Lafayette Avenue Condominium
424 Lafayette Avenue, Brooklyn, NY 11238
Overview
- Units
- 7 residential · 8 storage · 1 commercial
- Subway
- 2 min walk to Classon Av GBedford-Nostrand Avs G, 4 min
- Principals
- Isaac Broyn
- Average $/sf
- $650Homes in Schedule A, as first offered
- Offering price
- $5.1 million total
- Floor plans
- Pages 119–121 of the plan
The sponsor of record is 424 Lafayette, LLC, represented by The Law Office Of Charles Mandelbaum. The offering plan runs 170 pages. The sponsor has filed 3 amendments, the latest in October 2015. The nearest other condo plan on file is 149 Clifton Place Condominium, next door.
Plan CD060616 · New · accepted Oct 10, 2007 · AG record ↗
Compare
| Figure | This building1 | Sterling Green28 units · 1.1 miaccepted 2008 | 365-367 Union314 units · 1.6 miaccepted 2007 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.30Below peers | $0.34 | $0.40 |
| Average Offering PricePer Apartment | $612,575Highest | $431,500 | $528,786 |
| Average PricePer Square Foot | $650In line | $585 | $711 |
| Average Unit SizeSquare Feet | 943 SFLargest | 738 SF | 743 SF |
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Unit mix, closings, budgets, finishes and the team, against Sterling Green and 365-367 Union, cited to the offering plans. No credit card required.
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- 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
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
- 424 Lafayette, LLC
- Principals
- Isaac Broyn
- Tax estimate
- Moseson & AssociatesPrepared the first-year real estate tax projection
- Construction lender
- Imperial Capital BankLender on the mortgage and building loan agreement recorded September 2006 in ACRIS; $1.85 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 149 Clifton Place Condominiumnext door · 4 units · 2018
- 438 Lafayette Avenue Condominiumnext door · 3 units · 2015
- 125 Clifton Place Condominiumnext door · 6 units · 2020
- Clifton Place Condominiumnext door · 32 units · 2009
- 367 Classon Avenue Condominiumnext door · 19 units · 1 parking · 2006
- 339 Greene Avenue Condominiumnext door · 57 units · 53 parking · 2007