THE CONDO BOOK PROJECT

53 Stanhope Street Condominium

53 Stanhope Street, Brooklyn, NY 11206

Overview

Units
8 residential
Subway
6 min walk to Central Av MKosciuszko St J, 6 min
Principals
Arkadiy Nagorev
Average $/sf
$1,091Homes in Schedule A, as first offered
Common charges
$175–$621 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 To June 30, 2026
Offering price
$5.83 million total

The sponsor of record is 53 Stanhope Street LLC, represented by Eial Girtz, PC. The offering plan runs 268 pages. The nearest other condo plan on file is 48 Stanhope Street Condominium, next door.

Plan CD240152 · Rehab · accepted Sep 24, 2024 · AG record ↗

Compare

FigureThis building1156 Tompkins28 units · 1.1 miaccepted 202497 Seigel37 units · 1.1 miaccepted 2025
Common ChargesPer Square Foot / Month$0.60In line$0.53$0.80
Average Offering PricePer Apartment$729,250Below peers$761,625$738,157
Average PricePer Square Foot$1,091In line$1,040$1,202
Property TaxesPer Square Foot / Month$0.19Lowest$0.42$0.92
Average Unit SizeSquare Feet668 SFIn line732 SF614 SF

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Unit mix, closings, budgets, finishes and the team, against 156 Tompkins and 97 Seigel, 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
53 Stanhope Street LLC
Principals
Arkadiy Nagorev
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
Market Access Resources$1.6 million loan stated in the plan

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

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