THE CONDO BOOK PROJECT

Belvedere Xxxii Condominium

63 Jackson Street, Brooklyn, NY 11211

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Overview

Units
8 residential
Subway
4 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 8 min
Principals
Krzysztof Rostek, Ernesto Cuoco
Offering price
$4.5 million total

The sponsor of record is 63 Jackson Street, LLC, represented by Maria C. Bielesz, Esq.. The offering plan runs 410 pages. The sponsor has filed 3 amendments, the latest in March 2011. The nearest other condo plan on file is 74 Jackson Street Condominium, next door.

Plan CD090289 · New · accepted Apr 22, 2010 · AG record ↗

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FigureThis building1Bedford29 units · 0.3 miaccepted 2010174 Jackson38 units · 0.3 miaccepted 2011
Average Offering PricePer Apartment$562,250In line$508,333$570,500

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Unit mix, closings, budgets, finishes and the team, against Bedford and 174 Jackson, 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
63 Jackson Street, LLC
Principals
Krzysztof Rostek, Ernesto Cuoco
Tax estimate
Moseson & AssociatesPrepared the first-year real estate tax projection
Construction lender
Maspeth Federal Savings$1.72 million recorded

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

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