THE CONDO BOOK PROJECT

Schaefer Landing North Condominium

440 Kent Avenue A/K/A Two Schaefer Landing, Brooklyn, NY 11211

Compare

Overview

Units
135 residential
Subway
12 min walk to Marcy Av J M ZHewes St J M, 17 min
Developers
East River Holdings North LLC, Kent Waterfront Associates LLC, L & M Kent North Managers LLC
Average $/sf
$683Homes in Schedule A, as first offered
Common charges
$410–$1,090 a monthSponsor's first-year estimate in Schedule A, January 1, 2006 to December 31, 2006
Offering price
$117.7 million total

The sponsor of record is Kent North Associates LLC, represented by Seiden & Schein, PC. The offering plan runs 620 pages. The sponsor has filed 16 amendments, the latest in October 2007. The nearest other condo plan on file is Schaefer Landing South Condominium, next door.

Plan CD050029 · New · accepted Jun 9, 2005 · AG record ↗

Compare

FigureThis building1The Pad230 units · 0.5 miaccepted 2007150 North Fifth331 units · 0.7 miaccepted 2007
Common ChargesPer Square Foot / Month$0.55Highest$0.38$0.47
Average Offering PricePer Apartment$871,515Above peers$633,700$814,548
Average PricePer Square Foot$683In line$666$718
Property TaxesPer Square Foot / Month$0.06Lowest—$0.10
Average Unit SizeSquare Feet1,276 SFLarger952 SF1,135 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against The Pad and 150 North Fifth, cited to the offering plans. No credit card required.

Create a free account
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 A135 of 135
Closing prices vs. Schedule A135 homes: $125,411,857 at closing against $117,654,500 in Schedule A (p. 32, p. 33, p. 34, p. 35, p. 36)+6.6%
Average closing price135 homes, on their Schedule A square feet$728 / SF
Closingsfirst and latest recordedSep 22, 2006 – Mar 10, 2008

Sales recorded with the Department of Finance (ACRIS) through Sep 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 135 closings
HomeRecordedClosing priceSchedule ADifference
1BSep 22, 2006$825,000$825,000 p. 320%
PH3DSep 22, 2006$1,300,000$1,450,000 p. 36−10.3%
16COct 16, 2006$855,330$780,000 p. 34+9.7%
6DOct 17, 2006$677,136$650,000 p. 33+4.2%
7COct 17, 2006$738,231$700,000 p. 33+5.5%
1AOct 18, 2006$753,505$650,000 p. 32+15.9%
21DOct 19, 2006$855,330$825,000 p. 35+3.7%
8AOct 20, 2006$957,155$815,000 p. 33+17.4%
20EOct 20, 2006$931,699$890,000 p. 35+4.7%
20FOct 20, 2006$702,593$620,000 p. 35+13.3%
21EOct 20, 2006$931,699$905,000 p. 35+3%
2FOct 23, 2006$456,300$450,000 p. 32+1.4%
4BOct 23, 2006$1,145,531$945,000 p. 32+21.2%
5AOct 23, 2006$997,885$780,000 p. 32+27.9%
8DOct 23, 2006$733,140$660,000 p. 33+11.1%
9FOct 23, 2006$580,403$520,000 p. 33+11.6%
8EOct 24, 2006$733,140$720,000 p. 33+1.8%
9BOct 24, 2006$1,191,353$1,070,000 p. 33+11.3%
10FOct 24, 2006$616,041$530,000 p. 33+16.2%
11BOct 24, 2006$1,221,900$1,120,000 p. 34+9.1%
2DOct 25, 2006$875,695$805,000 p. 32+8.8%
2EOct 25, 2006$682,228$625,000 p. 32+9.2%
5EOct 25, 2006$707,684$670,000 p. 32+5.6%
6BOct 25, 2006$1,013,159$995,000 p. 33+1.8%
14AOct 25, 2006$982,611$915,000 p. 34+7.4%
14DOct 25, 2006$794,235$720,000 p. 34+10.3%
3EOct 26, 2006$651,680$640,000 p. 32+1.8%
16DOct 26, 2006$804,418$750,000 p. 34+7.3%
16FOct 26, 2006$621,133$580,000 p. 34+7.1%
18FOct 26, 2006$692,410$600,000 p. 35+15.4%
19DOct 26, 2006$840,056$795,000 p. 35+5.7%
8COct 27, 2006$753,505$710,000 p. 33+6.1%
19EOct 27, 2006$936,790$875,000 p. 35+7.1%
22AOct 27, 2006$1,578,288$1,480,000 p. 35+6.6%
PH2AOct 27, 2006$1,771,755$1,550,000 p. 36+14.3%
PH2BOct 27, 2006$1,832,850$1,650,000 p. 36+11.1%
8BOct 30, 2006$1,094,619$1,045,000 p. 33+4.7%
8FOct 30, 2006$590,585$510,000 p. 33+15.8%
9EOct 30, 2006$753,505$735,000 p. 33+2.5%
12FOct 30, 2006$560,038$550,000 p. 34+1.8%
15AOct 30, 2006$952,064$935,000 p. 34+1.8%
5COct 31, 2006$692,410$680,000 p. 32+1.8%
10BOct 31, 2006$1,114,984$1,095,000 p. 33+1.8%
10EOct 31, 2006$763,688$750,000 p. 33+1.8%
15COct 31, 2006$784,053$770,000 p. 34+1.8%
3CNov 1, 2006$722,958$660,000 p. 32+9.5%
3FNov 1, 2006$468,395$460,000 p. 32+1.8%
11FNov 1, 2006$641,498$540,000 p. 34+18.8%
17CNov 1, 2006$860,014$800,000 p. 35+7.5%
19FNov 1, 2006$682,228$610,000 p. 35+11.8%
21FNov 1, 2006$661,863$630,000 p. 35+5.1%
9CNov 2, 2006$768,779$720,000 p. 33+6.8%
11ENov 2, 2006$804,418$765,000 p. 34+5.2%
12DNov 2, 2006$773,870$680,000 p. 34+13.8%
17DNov 2, 2006$834,965$765,000 p. 35+9.1%
11ANov 3, 2006$992,793$875,000 p. 34+13.5%
16BNov 3, 2006$1,491,736$1,220,000 p. 34+22.3%
21ANov 3, 2006$1,211,718$1,055,000 p. 35+14.9%
2BNov 6, 2006$1,013,159$895,000 p. 32+13.2%
3DNov 6, 2006$672,045$615,000 p. 32+9.3%
5FNov 6, 2006$486,720$480,000 p. 32+1.4%
6CNov 6, 2006$753,505$690,000 p. 33+9.2%
6ENov 6, 2006$722,958$685,000 p. 33+5.5%
9DNov 6, 2006$758,596$665,000 p. 33+14.1%
2ANov 7, 2006$992,794$750,000 p. 32+32.4%
10DNov 7, 2006$682,228$670,000 p. 33+1.8%
14BNov 7, 2006$1,318,634$1,170,000 p. 34+12.7%
7FNov 8, 2006$580,403$500,000 p. 33+16.1%
10CNov 8, 2006$804,418$730,000 p. 33+10.2%
15DNov 8, 2006$809,509$735,000 p. 34+10.1%
4ENov 9, 2006$702,593$655,000 p. 32+7.3%
4FNov 9, 2006$476,580$470,000 p. 32+1.4%
17FNov 9, 2006$677,136$590,000 p. 35+14.8%
19ANov 9, 2006$1,186,261$1,015,000 p. 35+16.9%
4CNov 10, 2006$743,323$670,000 p. 32+10.9%
7ENov 10, 2006$758,596$700,000 p. 33+8.4%
11DNov 10, 2006$768,779$675,000 p. 34+13.9%
18ANov 10, 2006$1,242,265$995,000 p. 35+24.9%
19BNov 10, 2006$1,532,466$1,295,000 p. 35+18.3%
12ANov 13, 2006$1,064,071$895,000 p. 34+18.9%
19CNov 13, 2006$845,148$840,000 p. 35+0.6%
PH1BNov 13, 2006$1,832,850$1,595,000 p. 36+14.9%
7DNov 14, 2006$717,866$655,000 p. 33+9.6%
14FNov 14, 2006$605,859$560,000 p. 34+8.2%
20BNov 14, 2006$1,507,010$1,320,000 p. 35+14.2%
5BNov 15, 2006$995,000$970,000 p. 32+2.6%
12BNov 15, 2006$1,318,634$1,145,000 p. 34+15.2%
15BNov 15, 2006$1,323,725$1,195,000 p. 34+10.8%
17BNov 15, 2006$1,293,178$1,245,000 p. 35+3.9%
22CNov 16, 2006$1,451,006$1,425,000 p. 35+1.8%
2CNov 17, 2006$722,958$650,000 p. 32+11.2%
20ANov 17, 2006$1,232,083$1,035,000 p. 35+19%
3ANov 20, 2006$982,611$760,000 p. 32+29.3%
6ANov 21, 2006$855,330$790,000 p. 33+8.3%
18ENov 27, 2006$850,239$860,000 p. 35−1.1%
1ENov 28, 2006$430,950$425,000 p. 32+1.4%
5DNov 28, 2006$656,771$645,000 p. 32+1.8%
PH3ANov 29, 2006$1,914,310$1,795,000 p. 36+6.6%
PH3BNov 29, 2006$1,875,000$1,875,000 p. 360%
18BNov 30, 2006$1,344,090$1,270,000 p. 35+5.8%
1DDec 1, 2006$308,763$304,500 p. 32+1.4%
3BDec 1, 2006$936,790$920,000 p. 32+1.8%
6FDec 7, 2006$570,220$490,000 p. 33+16.4%
PH1CDec 8, 2006$1,247,356$1,400,000 p. 36−10.9%
14CDec 14, 2006$824,783$760,000 p. 34+8.5%
21BDec 14, 2006$1,395,003$1,345,000 p. 35+3.7%
PH1ADec 15, 2006$1,578,288$1,515,000 p. 36+4.2%
1CDec 18, 2006$646,589$635,000 p. 32+1.8%
14EDec 19, 2006$814,600$795,000 p. 34+2.5%
15FDec 20, 2006$600,768$570,000 p. 34+5.4%
16ADec 27, 2006$855,000$955,000 p. 34−10.5%
22DJan 8, 2007$1,374,638$1,275,000 p. 35+7.8%
17AJan 12, 2007$1,043,706$975,000 p. 35+7%
4DJan 18, 2007$651,680$620,000 p. 32+5.1%
11CJan 18, 2007$753,505$740,000 p. 34+1.8%
16EJan 29, 2007$829,874$825,000 p. 34+0.6%
20DFeb 6, 2007$875,695$810,000 p. 35+8.1%
7BFeb 26, 2007$1,064,071$1,020,000 p. 33+4.3%
9AMar 8, 2007$941,881$835,000 p. 33+12.8%
17EMar 12, 2007$797,086$845,000 p. 35−5.7%
PH3CMar 16, 2007$1,389,657$1,525,000 p. 36−8.9%
22BMar 22, 2007$1,680,113$1,550,000 p. 35+8.4%
18DMay 4, 2007$834,965$780,000 p. 35+7%
PH2CJul 6, 2007$1,272,813$1,425,000 p. 36−10.7%
4AJul 12, 2007$770,000$770,000 p. 320%
15EJul 16, 2007$763,688$810,000 p. 34−5.7%
PH2DAug 1, 2007$1,196,444$1,375,000 p. 36−13%
18CAug 14, 2007$778,961$820,000 p. 35−5%
12CAug 21, 2007$763,688$750,000 p. 34+1.8%
10AAug 22, 2007$982,611$855,000 p. 33+14.9%
12ESep 18, 2007$738,231$780,000 p. 34−5.4%
21COct 19, 2007$809,509$880,000 p. 35−8%
7ANov 8, 2007$941,881$800,000 p. 33+17.7%
20CJan 3, 2008$794,235$860,000 p. 35−7.6%
PH1DMar 10, 2008$1,120,075$1,325,000 p. 36−15.5%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
Kent North Associates LLC
Developers
East River Holdings North LLC, Kent Waterfront Associates LLC, L & M Kent North Managers LLC
Tax estimate
Metropolitan Valuation Services, Inc.Prepared the first-year real estate tax projection
Construction lender
New York Community Bank

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

Nearby