THE CONDO BOOK PROJECT

43 Halsey Street Condominium

43 Halsey Street, Brooklyn, NY 11216

Overview

Units
4 residential
Subway
3 min walk to Nostrand Av A CFranklin Av C S, 5 min
Principals
Massiliano Bonetti
Offering price
$3.63 million total $3.16 million when first offered

The sponsor of record is 43 Halsey LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 286 pages. The sponsor has filed 1 amendment, the latest in November 2017. The nearest other condo plan on file is 51 Halsey Street Condominuim, next door.

Plan CD160302 · New · accepted May 19, 2017 · AG record ↗

Compare

FigureThis building1675 Lafayette24 units · 0.7 miaccepted 201759 Quincy35 units · 0.5 miaccepted 2017
Average Offering PricePer Apartment$790,000In line$872,000$660,000

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Unit mix, closings, budgets, finishes and the team, against 675 Lafayette and 59 Quincy, 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 the plan4 of 4
Closingsfirst and latest recordedJan 12, 2018 – Feb 23, 2018

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 4 closings
HomeRecordedClosing priceSchedule ADifference
1Jan 12, 2018$1,119,057——
3Jan 16, 2018$813,582——
4Jan 31, 2018$840,056——
2Feb 23, 2018$901,151——

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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
43 Halsey LLC
Principals
Massiliano Bonetti
Tax estimate
LAW OFFICES OF HERSHY ITZKOWITZ, P.C.Prepared the first-year real estate tax projection
Construction lender
Bayport Funding$1 million recorded

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

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