THE CONDO BOOK PROJECT

56 Quincy Street Condominium

56 Quincy Street, Brooklyn, NY 11238

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Overview

Units
4 residential
Subway
5 min walk to Classon Av GBedford-Nostrand Avs G, 9 min
Principals
Ran Michaeli
Average $/sf
$1,638Homes in Schedule A, as first offered
Common charges
$682–$932 a monthSponsor's first-year estimate in Schedule A, January 1, 2025 To December 31, 2025
Offering price
$8.52 million total $7.83 million when first offered

The sponsor of record is 56 Quincy LLC, represented by Eial Girtz, PC. The offering plan runs 290 pages. The sponsor has filed 3 amendments, the latest in April 2026. The nearest other condo plan on file is 72 Quincy Street Condominium, next door.

Plan CD240173 · New · accepted Oct 9, 2024 · AG record ↗

Compare

FigureThis building1118 Madison24 units · 0.3 miaccepted 2024684 Dean35 units · 0.6 miaccepted 2025
Common ChargesPer Square Foot / Month$0.59In line$0.57$0.80
Average Offering PricePer Apartment$2.12MIn line$1.77M$2.33M
Average PricePer Square Foot$1,638In line$1,407$1,690
Property TaxesPer Square Foot / Month$0.59In line$0.28$1.35
Average Unit SizeSquare Feet1,293 SFIn line1,261 SF1,378 SF

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Unit mix, closings, budgets, finishes and the team, against 118 Madison and 684 Dean, 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 closed75% of the homes in Schedule A3 of 4
Closing prices vs. Schedule A3 homes: $6,237,500 at closing against $6,600,000 in Schedule A (p. 37)−5.5%
Average closing price3 homes, on their Schedule A square feet$1,585 / SF
Closingsfirst and latest recordedJul 30, 2025 – Jul 27, 2026

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 3 closings
HomeRecordedClosing priceSchedule ADifference
3Jul 30, 2025$1,860,000$1,875,000 p. 37−0.8%
4Jun 18, 2026$2,167,500$2,475,000 p. 37−12.4%
1Jul 27, 2026$2,210,000$2,250,000 p. 37−1.8%

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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
56 Quincy LLC
Principals
Ran Michaeli
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
S3 Capital$3.55 million loan stated in the plan

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

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