THE CONDO BOOK PROJECT

4402 12th Avenue Condominium

4402 12th Avenue, Brooklyn, NY 11219

Overview

Units
4 residential
Subway
4 min walk to Fort Hamilton Pkwy D50 St D, 6 min
Principals
Benyamin Melber
Offering price
$5.7 million total

The sponsor of record is 4402 12 LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 308 pages. The sponsor has filed 1 amendment, the latest in May 2025. The nearest other condo plan on file is 4406 12th Avenue Condominium, next door.

Plan CD240223 · New · accepted Apr 24, 2025 · AG record ↗

Compare

FigureThis building11513 51st24 units · 0.6 miaccepted 2025100 16th34 units · 1.9 miaccepted 2025
Average Offering PricePer Apartment$1.43MIn line$1.26M$1.51M

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Unit mix, closings, budgets, finishes and the team, against 1513 51st and 100 16th, 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 closed25% of the homes in the plan1 of 4
Closingsfirst and latest recordedAug 7, 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 1 closings
HomeRecordedClosing priceSchedule ADifference
2Aug 7, 2025$1,985,588——

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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
4402 12 LLC
Principals
Benyamin Melber
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
Broadview Capital$3.15 million loan stated in the plan

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

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