THE CONDO BOOK PROJECT

Maple Sweet Condominium

519 Maple Street, Brooklyn, NY 11225

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Overview

Units
10 residential
Subway
11 min walk to Sterling St 2 5Kingston Av 3, 12 min
Principals
Joseph Cohen
Average $/sf
$789Homes in Schedule A, as first offered
Common charges
$255–$696 a monthSponsor's first-year estimate in Schedule A, September 1, 2020 To August 31, 2021
Offering price
$7.35 million total

The sponsor of record is Maple Sweet LLC, represented by Mavrides Moyal Packman Sadkin. The offering plan runs 466 pages. The sponsor has filed 3 amendments, the latest in December 2024. The nearest other condo plan on file is Maple, next door.

Plan CD180435 · New · accepted Nov 30, 2020 · AG record ↗

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FigureThis building11572 Pacific28 units · 1.1 miaccepted 2020Chauncey313 units · 1.9 miaccepted 2020
Common ChargesPer Square Foot / Month$0.49In line$0.61$0.49
Average Offering PricePer Apartment$735,000Highest$553,125$622,000
Average PricePer Square Foot$789In line$788$809
Property TaxesPer Square Foot / Month$0.79Above peers$0.77$0.38
Average Unit SizeSquare Feet932 SFLargest702 SF768 SF

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Unit mix, closings, budgets, finishes and the team, against 1572 Pacific and Chauncey, 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 A10 of 10
Closing prices vs. Schedule A10 homes: $6,006,216 at closing against $7,350,000 in Schedule A (p. 56)−18.3%
Average closing price10 homes, on their Schedule A square feet$644 / SF
Closingsfirst and latest recordedMay 13, 2022 – Nov 19, 2025

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 10 closings
HomeRecordedClosing priceSchedule ADifference
2-AMay 13, 2022$680,000$875,000 p. 56−22.3%
4-CMay 13, 2022$448,050$495,000 p. 56−9.5%
1-AMay 16, 2022$739,000$845,000 p. 56−12.5%
4-AMay 25, 2022$415,000$475,000 p. 56−12.6%
4-DJun 28, 2022$425,000$485,000 p. 56−12.4%
3-BJul 25, 2022$745,000$925,000 p. 56−19.5%
1-BSep 22, 2022$840,000$995,000 p. 56−15.6%
4-BNov 28, 2022$407,300$465,000 p. 56−12.4%
3-AAug 18, 2023$645,000$895,000 p. 56−27.9%
2-BNov 19, 2025$661,866$895,000 p. 56−26%

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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
Maple Sweet LLC
Principals
Joseph Cohen
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Eastern Capital Group$4.98 million recorded

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

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