THE CONDO BOOK PROJECT

541 Lafayette Avenue Condominium

541 Lafayette Avenue, Brooklyn, NY 11205

Compare

Overview

Units
3 residential
Subway
2 min walk to Bedford-Nostrand Avs GClasson Av G, 8 min
Principals
Eldad Amrani
Average $/sf
$1,033Homes in Schedule A, as first offered
Common charges
$439–$663 a monthSponsor's first-year estimate in Schedule A, July 1, 2021- June 30, 2022
Offering price
$3.77 million total $3.22 million when first offered

The sponsor of record is B&A Investors Group LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 340 pages. The sponsor has filed 1 amendment, the latest in March 2021. The nearest other condo plan on file is 551 & 553 Lafayette Avenue Condominium, next door.

Plan CD190272 · New · accepted Aug 31, 2020 · AG record ↗

Compare

FigureThis building1446 Macon23 units · 1.1 miaccepted 2020257 Throop34 units · 0.6 miaccepted 2020
Common ChargesPer Square Foot / Month$0.50In line$0.51$0.45
Average Offering PricePer Apartment$1.07MIn line$1.12M$914,750
Average PricePer Square Foot$1,033In line$1,146$882
Property TaxesPer Square Foot / Month$0.41In line$0.27$0.43
Average Unit SizeSquare Feet1,038 SFIn line975 SF1,038 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 446 Macon and 257 Throop, cited to the offering plans. No credit card required.

Create a free account
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 A3 of 3
Closing prices vs. Schedule A3 homes: $3,560,000 at closing against $3,217,000 in Schedule A (p. 35)+10.7%
Average closing price3 homes, on their Schedule A square feet$1,143 / SF
Closingsfirst and latest recordedAug 11, 2021 – Aug 17, 2021

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2021: 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 3 closings
HomeRecordedClosing priceSchedule ADifference
3Aug 11, 2021$1,085,000$969,000 p. 35+12%
2Aug 16, 2021$1,050,000$949,000 p. 35+10.6%
1Aug 17, 2021$1,425,000$1,299,000 p. 35+9.7%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
B&A Investors Group LLC
Principals
Eldad Amrani
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
AJ Partners Lending$1.08 million recorded

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

Nearby