Kps Condominium
508 A Lexington Avenue, Brooklyn, NY 11221
Overview
- Units
- 4 residential
- Subway
- 14 min walk to Kingston-Throop Avs CBedford-Nostrand Avs G, 15 min
- Developer
- Cornerstone Residence
- Principals
- Thanesh Sukhdeo
- Average $/sf
- $1,050Homes in Schedule A, as first offered
- Common charges
- $459–$616 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
- Offering price
- $3.52 million total $3.21 million when first offered
- Floor plans
- Pages 32–33 of the plan
The sponsor of record is Kps Lexington, LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 336 pages. The sponsor has filed 1 amendment, the latest in October 2024. The nearest other condo plan on file is 499 Quincy Street Condominium, next door.
Plan CD210310 · New · accepted Nov 23, 2022 · AG record ↗
Compare
| Figure | This building1 | 702 Green24 units · 0.1 miaccepted 2022 | 680 Greene34 units · 0.1 miaccepted 2022 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.60Above peers | $0.45 | $0.54 |
| Average Offering PricePer Apartment | $881,250Below peers | $900,000 | $1.01M |
| Average PricePer Square Foot | $1,050In line | $924 | $1,174 |
| Property TaxesPer Square Foot / Month | $0.79Above peers | $0.29 | $0.73 |
| Average Unit SizeSquare Feet | 839 SFSmaller | 974 SF | 865 SF |
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Unit mix, closings, budgets, finishes and the team, against 702 Green and 680 Greene, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 4 of 4 |
| Closing prices vs. Schedule A4 homes: $3,033,600 at closing against $3,525,000 in Schedule A (p. 31) | −13.9% |
| Average closing price4 homes, on their Schedule A square feet | $904 / SF |
| Closingsfirst and latest recorded | Mar 11, 2024 – Jun 6, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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.
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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.
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
- Kps Lexington, LLC
- Developer
- Cornerstone Residence
- Principals
- Thanesh Sukhdeo
- Tax estimate
- Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 499 Quincy Street Condominiumnext door · 3 units · 2015
- 545 Lexington Townhouses Condominiumnext door · 2 units · 2021
- 702 Green Avenue Condominiumnext door · 4 units · 2022
- 459 Quincy Street Condominiumnext door · 10 units · 2020
- 680 Greene Avenue Condominiumnext door · 4 units · 2022
- 434 Throop Avenue Condominium0.1 mi · 2 units