THE CONDO BOOK PROJECT

44 Euclid Avenue Condominium

44 Euclid Avenue, Brooklyn, NY 11208

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Overview

Units
12 residential · 10 parking
Subway
4 min walk to Cypress Hills JCrescent St J Z, 8 min
Developers
AEA Capital Corp, Ariel Capital Group, The 12 Tribes Real Estate, UM 8090 Corp
Principals
Eran Malka, Shalom Ben Shmuel, Udi Malka
Average $/sf
$658Homes in Schedule A, as first offered
Offering price
$6.86 million total

The sponsor of record is Mlbs Partners, LLC**, represented by Boris Saks, Esq. Pllc. The offering plan runs 208 pages. The sponsor has filed 3 amendments, the latest in October 2023. The nearest other condo plan on file is Breton Hills Condominium, 0.6 mi away.

Plan CD220042 · New · accepted Nov 15, 2022 · AG record ↗

Compare

FigureThis building1Hancock And Jefferson218 units · 1.8 miaccepted 2022Bsd Warwick310 units · 0.9 miaccepted 2023
Common ChargesPer Square Foot / Month$0.20Lowest$0.71$0.50
Average Offering PricePer Apartment$542,333In line$715,667$535,000
Average PricePer Square Foot$658Lowest$934$847
Average Unit SizeSquare Feet824 SFLarger767 SF632 SF

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Unit mix, closings, budgets, finishes and the team, against Hancock And Jefferson and Bsd Warwick, 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 A12 of 12
Closing prices vs. Schedule A12 homes: $5,745,039 at closing against $6,508,000 in Schedule A (p. 23)−11.7%
Average closing price12 homes, on their Schedule A square feet$581 / SF
Closingsfirst and latest recordedJul 24, 2023 – Jun 18, 2024

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 12 closings
HomeRecordedClosing priceSchedule ADifference
2BJul 24, 2023$417,905$443,000 p. 23−5.7%
3CJul 31, 2023$585,494$621,000 p. 23−5.7%
2DAug 11, 2023$390,000$465,000 p. 23−16.1%
1BAug 17, 2023$529,490$554,000 p. 23−4.4%
2AAug 30, 2023$380,000$443,000 p. 23−14.2%
2CAug 30, 2023$380,000$465,000 p. 23−18.3%
3BAug 31, 2023$450,000$532,000 p. 23−15.4%
1COct 11, 2023$549,000$583,000 p. 23−5.8%
3ANov 7, 2023$453,150$532,000 p. 23−14.8%
4BFeb 26, 2024$640,000$705,000 p. 23−9.2%
1AJun 5, 2024$485,000$554,000 p. 23−12.5%
4AJun 18, 2024$485,000$611,000 p. 23−20.6%

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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
Mlbs Partners, LLC**
Developers
AEA Capital Corp, Ariel Capital Group, The 12 Tribes Real Estate, UM 8090 Corp
Principals
Eran Malka, Shalom Ben Shmuel, Udi Malka

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

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