590 Myrtle Avenue Condominium
590 Myrtle Avenue, Brooklyn, NY 11205
Overview
- Units
- 14 residential · 14 commercial
- Subway
- 8 min walk to Classon Av GBedford-Nostrand Avs G, 12 min
- Principals
- Moses Karpen, Jacob Kohn
- Average $/sf
- $1,063Homes in Schedule A, as first offered
- Common charges
- $155–$635 a monthSponsor's first-year estimate in Schedule A, July 1, 2023 - June 30, 2024
- Offering price
- $17.2 million total
- Floor plans
- Page 26 of the plan
The sponsor of record is 590 Myrtle LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 346 pages. The sponsor has filed 1 amendment, the latest in March 2023. The nearest other condo plan on file is Azure Condominium F/K/A Adrian Condominium, next door.
Plan CD220193 · New · accepted Feb 10, 2023 · AG record ↗
Compare
| Figure | This building1 | Lexington Brooklyn216 units · 0.5 miaccepted 2023 | 46 Kossuth Place310 units · 1.8 miaccepted 2022 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.45Below peers | $0.46 | $0.48 |
| Average Offering PricePer Apartment | $1.14MIn line | $1.19M | $922,200 |
| Average PricePer Square Foot | $1,063In line | $1,273 | $1,023 |
| Property TaxesPer Square Foot / Month | $1.03In line | $1.03 | $1.21 |
| Average Unit SizeSquare Feet | 1,077 SFLargest | 934 SF | 901 SF |
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Unit mix, closings, budgets, finishes and the team, against Lexington Brooklyn and 46 Kossuth Place, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 14 of 14 |
| Closing prices vs. Schedule A14 homes: $16,571,727 at closing against $16,015,000 in Schedule A (p. 34) | +3.5% |
| Average closing price14 homes, on their Schedule A square feet | $1,100 / SF |
| Closingsfirst and latest recorded | Jul 3, 2023 – Feb 6, 2024 |
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 14 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 3A | Jul 3, 2023 | $999,999 | $1,299,000 p. 34 | −23% |
| 5A | Jul 3, 2023 | $987,703 | $1,299,000 p. 34 | −24% |
| 4A | Aug 1, 2023 | $995,500 | $1,299,000 p. 34 | −23.4% |
| 4B | Aug 1, 2023 | $1,323,725 | $1,399,000 p. 34 | −5.4% |
| 6A | Aug 10, 2023 | $1,374,638 | $1,299,000 p. 34 | +5.8% |
| 6B | Aug 17, 2023 | $1,183,512 | $1,000,000 p. 34 | +18.4% |
| 3B | Sep 5, 2023 | $1,340,272 | $1,399,000 p. 34 | −4.2% |
| 7B | Sep 6, 2023 | $999,000 | $400,000 p. 34 | +149.8% |
| 1B | Sep 7, 2023 | $763,688 | $1,424,000 p. 34 | −46.4% |
| 2B | Sep 7, 2023 | $850,000 | $1,399,000 p. 34 | −39.2% |
| 5B | Sep 14, 2023 | $1,200,000 | $1,399,000 p. 34 | −14.2% |
| 1A | Sep 28, 2023 | $999,999 | $700,000 p. 34 | +42.9% |
| 2A | Nov 16, 2023 | $2,341,975 | $1,299,000 p. 34 | +80.3% |
| 7A | Feb 6, 2024 | $1,211,718 | $400,000 p. 34 | +202.9% |
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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.
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
- 590 Myrtle LLC
- Principals
- Moses Karpen, Jacob Kohn
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- The Bank of Princeton$14 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Azure Condominium F/K/A Adrian Condominiumnext door · 10 units · 2007
- 163 Taaffe Place Condominiumnext door · 4 units · 2006
- Taaffe Condosnext door · 4 units · 2017
- 572 Myrtle Condominiumnext door · 8 units
- 137 Taafee Place Condominiumnext door · 3 units · 2004
- 135 Taaffe Place Condominiumnext door · 3 units · 2004