THE CONDO BOOK PROJECT

52 Skillman Street Condominium

52 Skillman Street, Brooklyn, NY 11219

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Overview

Units
6 residential
Subway
11 min walk to Flushing Av GMyrtle-Willoughby Avs G, 12 min
Developer
Span Developers
Principals
Dina B. Krausz
Offering price
$3.15 million total $2.99 million when first offered

The sponsor of record is Round The World Foods LLC, represented by Abraham D. Raab, Esq.. The offering plan runs 289 pages. The sponsor has filed 4 amendments, the latest in August 2016. The nearest other condo plan on file is 50 Skillman Street Condominium, next door.

Plan CD130314 · New · accepted Mar 28, 2014 · AG record ↗

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FigureThis building188 North 5th28 units · 1.4 miaccepted 2012708a Degraw33 units · 1.8 miaccepted 2014
Average Offering PricePer Apartment$499,000In line$458,125$700,000

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Unit mix, closings, budgets, finishes and the team, against 88 North 5th and 708a Degraw, 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.

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
Round The World Foods LLC
Developer
Span Developers
Principals
Dina B. Krausz
Counsel
Abraham D. Raab, Esq.
Tax estimate
Abraham D. Raab, Esq.Prepared the first-year real estate tax projection

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

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