THE CONDO BOOK PROJECT

5222 14th Avenue Condominium

5222 14th Avenue, Brooklyn, NY 11219

Overview

Units
10 residential · 1 commercial
Subway
4 min walk to 55 St D50 St D, 8 min
Principals
Sara Inzlicht
Offering price
$16.5 million total

The sponsor of record is 5224 14th Ave LLC, represented by Jeffrey Zwick & Associates, PC. The offering plan runs 353 pages. The sponsor has filed 2 amendments, the latest in July 2024. The nearest other condo plan on file is 1358 53rd Street Condominium, next door.

Plan CD230244 · New · accepted Apr 16, 2024 · AG record ↗

Compare

FigureThis building1194 30th28 units · 1.8 miaccepted 2024Parisa317 units · 1.8 miaccepted 2024
Average Offering PricePer Apartment$1.65MAbove peers$1.4M$1.59M

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Unit mix, closings, budgets, finishes and the team, against 194 30th and Parisa, 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 the plan10 of 10
Closingsfirst and latest recordedOct 31, 2024 – Feb 13, 2025

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 10 closings
HomeRecordedClosing priceSchedule ADifference
5AOct 31, 2024$867,000——
3BNov 14, 2024$999,999——
4ANov 19, 2024$1,300,000——
4BNov 19, 2024$995,000——
6ADec 5, 2024$1,135,000——
5BDec 11, 2024$1,300,000——
6BDec 19, 2024$1,300,000——
2BDec 26, 2024$750,000——
3ADec 30, 2024$1,300,000——
2AFeb 13, 2025$1,250,000——

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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.

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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
5224 14th Ave LLC
Principals
Sara Inzlicht
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection

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

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