THE CONDO BOOK PROJECT

543 11th Street Condominium

543 11th Street, Brooklyn, NY 11215

Overview

Units
3 residential
Subway
3 min walk to 7 Av F G15 St-Prospect Park F G, 8 min
Principals
Matthew Chua
Offering price
$7.3 million total $7.2 million when first offered

The sponsor of record is 11th Street Residence LLC, represented by D'Agostino, Lederman, Landesman, Et Al, LLP. The offering plan runs 461 pages. The sponsor has filed 4 amendments, the latest in December 2024. The nearest other condo plan on file is 531 11th Street Condominium, next door.

Plan CD200283 · Rehab · accepted Dec 6, 2023 · AG record ↗

Compare

FigureThis building1167 Park Slope Residence23 units · 0.6 miaccepted 2024286 1st33 units · 0.6 miaccepted 2024
Average Offering PricePer Apartment$2.4MAbove peers$2.24M$2.29M

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Unit mix, closings, budgets, finishes and the team, against 167 Park Slope Residence and 286 1st, 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 plan3 of 3
Closingsfirst and latest recordedNov 20, 2024 – Dec 23, 2024

Sales recorded with the Department of Finance (ACRIS) through Jan 31, 2025: 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
1Nov 20, 2024$2,600,000——
3Dec 17, 2024$2,651,778——
2Dec 23, 2024$1,912,783——

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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
11th Street Residence LLC
Principals
Matthew Chua
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Emerald Creek Capital

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

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