THE CONDO BOOK PROJECT

426 2nd Street Condominium

426 2nd Street, Brooklyn, NY 11215

Overview

Units
4 residential
Subway
10 min walk to Union St R7 Av F G, 10 min
Principals
Aran Scott
Average $/sf
$2,144Homes in Schedule A, as first offered
Offering price
$9.93 million total

The sponsor of record is 426 Holdings, LLC, represented by Certilman Balin Adler & Hyman, LLP. The offering plan runs 420 pages. The sponsor has filed 2 amendments, the latest in January 2025. The nearest other condo plan on file is 423 3rd Street Condominium, next door.

Plan CD240193 · New · accepted Nov 14, 2024 · AG record ↗

Compare

FigureThis building1347 6th24 units · 0.1 miaccepted 202544 Garfield Place34 units · 0.2 miaccepted 2024
Common ChargesPer Square Foot / Month$0.42In line$0.69$0.30
Average Offering PricePer Apartment$2.48MAbove peers$2.26M$2.41M
Average PricePer Square Foot$2,144Above peers$2,124$1,927
Average Unit SizeSquare Feet1,157 SFIn line1,065 SF1,252 SF

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Unit mix, closings, budgets, finishes and the team, against 347 6th and 44 Garfield Place, 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 closed75% of the homes in Schedule A3 of 4
Closing prices vs. Schedule A3 homes: $7,400,000 at closing against $7,575,000 in Schedule A (p. 46)−2.3%
Average closing price3 homes, on their Schedule A square feet$2,131 / SF
Closingsfirst and latest recordedMay 9, 2025 – Jun 18, 2025

Sales recorded with the Department of Finance (ACRIS) through Aug 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
1May 9, 2025$2,975,000$2,975,000 p. 460%
2Jun 2, 2025$2,150,000$2,250,000 p. 46−4.4%
4Jun 18, 2025$2,275,000$2,350,000 p. 46−3.2%

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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
426 Holdings, LLC
Principals
Aran Scott
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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

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