THE CONDO BOOK PROJECT

Brooklyn 49 Condominiums

4907 4th Avenue, Brooklyn, NY 11220

Overview

Units
25 residential · 1 parking · 1 commercial
Subway
3 min walk to 53 St R45 St R, 5 min
Offering price
$16.5 million total $15 million when first offered

The sponsor of record is Brooklyn Building Enterprises LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The sponsor has filed 3 amendments, the latest in February 2020. The nearest other condo plan on file is 422 49th Street Condo, next door.

Plan CD170198 · New · accepted Jul 13, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan25 of 25
Closingsfirst and latest recordedJul 30, 2019 – Nov 17, 2023

Sales recorded with the Department of Finance (ACRIS) through Nov 30, 2025: 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 25 closings
HomeRecordedClosing priceSchedule ADifference
4CJul 30, 2019$466,440——
6CAug 5, 2019$476,580——
3AAug 7, 2019$446,160——
2CAug 8, 2019$430,950——
6AAug 8, 2019$482,664——
7AAug 16, 2019$466,440——
5AAug 19, 2019$451,230——
2AAug 22, 2019$425,880——
6BAug 29, 2019$560,038——
5BAug 30, 2019$549,855——
7COct 4, 2019$476,580——
6DDec 3, 2019$456,300——
7BDec 13, 2019$444,132——
3CJan 8, 2020$451,230——
4BMay 27, 2020$554,946——
4AJun 4, 2020$456,300——
5CSep 10, 2020$471,510——
3BSep 15, 2020$512,689——
7DSep 22, 2020$452,751——
2DSep 29, 2020$505,733——
2BOct 13, 2020$505,733——
1BOct 21, 2020$517,527——
5DAug 6, 2021$522,339——
3DJan 19, 2022$529,490——
4DNov 17, 2023$544,764——

Pro

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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Team

Sponsor
Brooklyn Building Enterprises LLC
Construction lender
The Berkshire BankLender on the mortgage and building loan agreement recorded July 2016 in ACRIS; $6.2 million recorded

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

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