THE CONDO BOOK PROJECT

52 92nd Street Condo

52 92nd Street, Brooklyn, NY 11209

Overview

Units
30 residential
Subway
10 min walk to Bay Ridge-95 St R86 St R, 15 min
Principals
Carmela Basile
Average $/sf
$370Homes in Schedule A, as first offered
Common charges
$126–$318 a monthSponsor's first-year estimate in Schedule A, As of May 15, 2001
Offering price
$13.4 million total $13.1 million when first offered

The sponsor of record is R & C Builders Corp., represented by Rosen Law LLC. The offering plan runs 201 pages. The sponsor has filed 1 amendment, the latest in August 2001. The nearest other condo plan on file is Ridge 92 Condominium, next door.

Plan CD000150 · New · accepted Jul 24, 2001 · AG record ↗

Closings Pro

Homes closed83% of the homes in Schedule A25 of 30
Closing prices vs. Schedule A23 homes: $12,493,583 at closing against $9,507,000 in Schedule A (p. 15, p. 16)+31.4%
Average closing price23 homes, on their Schedule A square feet$468 / SF
Closingsfirst and latest recordedFeb 24, 2003 – Dec 13, 2023

Sales recorded with the Department of Finance (ACRIS) through Apr 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 25 closings
HomeRecordedClosing priceSchedule ADifference
7AFeb 24, 2003$466,400$539,000 p. 16−13.5%
2AAug 20, 2003$470,000$389,000 p. 15+20.8%
3DOct 22, 2003$495,000$409,000 p. 15+21%
2BDec 17, 2003$480,000$369,000 p. 15+30.1%
7CJan 21, 2004$575,000$499,000 p. 16+15.2%
4DMar 5, 2004$533,500$419,000 p. 15+27.3%
2CApr 20, 2004$339,438$369,000 p. 15−8%
1DMay 5, 2004$435,000$329,000 p. 15+32.2%
4CAug 13, 2004$480,000$419,000 p. 15+14.6%
8BDec 13, 2005$980,000——
5CJun 11, 2007$565,000$419,000 p. 15+34.8%
2DJul 30, 2010$422,000$369,000 p. 15+14.4%
4BAug 2, 2010$490,000$419,000 p. 15+16.9%
6BAug 3, 2010$475,000$439,000 p. 15+8.2%
1BJan 31, 2011$455,000$329,000 p. 15+38.3%
1AFeb 28, 2011$315,000$279,000 p. 15+12.9%
8AOct 18, 2012$875,000——
1CJan 29, 2014$529,000$329,000 p. 15+60.8%
3CApr 3, 2014$615,000$409,000 p. 15+50.4%
7BAug 28, 2017$760,000$499,000 p. 16+52.3%
5BAug 30, 2017$761,000$419,000 p. 15+81.6%
7DJul 1, 2020$885,000$499,000 p. 16+77.4%
4AOct 6, 2020$357,245$449,000 p. 15−20.4%
5AJun 20, 2023$785,000$449,000 p. 15+74.8%
6ADec 13, 2023$805,000$459,000 p. 15+75.4%

Pro

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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
R & C Builders Corp.
Principals
Carmela Basile
Tax estimate
Moseson & AssociatesPrepared the first-year real estate tax projection

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

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