THE CONDO BOOK PROJECT

430 Waverly Avenue Condominium

430 Waverly Avenue, Brooklyn, NY 11238

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Overview

Units
3 residential
Subway
3 min walk to Clinton-Washington Avs CClinton-Washington Avs G, 5 min
Principals
Mieko Miyamoto
Average $/sf
$505Homes in Schedule A, as first offered
Offering price
$2.91 million total

The sponsor of record is 430 Waverly Avenue, LLC, represented by Marcus Attorneys. The offering plan runs 254 pages. The sponsor has filed 3 amendments, the latest in August 2008. The nearest other condo plan on file is 434 Waverly Avenue Condominium, next door.

Plan CD060296 · Conversion · accepted Jun 1, 2007 · AG record ↗

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FigureThis building171 Lexington25 units · 0.4 miaccepted 2006424 Lafayette37 units · 0.5 miaccepted 2007
Common ChargesPer Square Foot / Month$0.33In line$0.33$0.30
Average Offering PricePer Apartment$625,667Above peers$474,000$612,575
Average PricePer Square Foot$505In line$501$650
Average Unit SizeSquare Feet1,239 SFLargest946 SF943 SF

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Unit mix, closings, budgets, finishes and the team, against 71 Lexington and 424 Lafayette, 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 A3 of 3
Closing prices vs. Schedule A3 homes: $1,942,342 at closing against $1,877,000 in Schedule A (p. 17)+3.5%
Average closing price3 homes, on their Schedule A square feet$522 / SF
Closingsfirst and latest recordedMay 9, 2008 – May 30, 2008

Sales recorded with the Department of Finance (ACRIS) through Jan 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
2May 9, 2008$626,224$599,000 p. 17+4.5%
3May 9, 2008$640,000$629,000 p. 17+1.7%
1May 30, 2008$676,118$649,000 p. 17+4.2%

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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
430 Waverly Avenue, LLC
Principals
Mieko Miyamoto

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

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