631 East 18th Street Condominium
631 East 18th Street, Brooklyn, NY 11226
Overview
- Units
- 26 residential · 1 commercial
- Subway
- 4 min walk to Newkirk Plaza B QAvenue H Q, 10 min
- Principals
- Oleg Krasnitsky
- Offering price
- $19.1 million total $17.6 million when first offered
- Floor plans
- Page 3 of the plan
The sponsor of record is 631 E. 18th Street LLC, represented by Law Office Of Michael Michael, Pllc. The offering plan runs 236 pages. The sponsor has filed 3 amendments, the latest in August 2020. The nearest other condo plan on file is 1710 Newkirk Ave. Condominium, next door.
Plan CD180087 · New · accepted Mar 7, 2019 · AG record ↗
Compare
| Figure | This building1 | 15 East 19th233 units · 1 miaccepted 2018 | 26 East 19th326 units · 0.9 miaccepted 2018 |
|---|---|---|---|
| Average Offering PricePer Apartment | $678,462Above peers | $639,697 | $613,385 |
Free Account
See the Full Comp
Unit mix, closings, budgets, finishes and the team, against 15 East 19th and 26 East 19th, cited to the offering plans. No credit card required.
Create a free accountHow 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 plan | 26 of 26 |
| Closingsfirst and latest recorded | Jul 25, 2019 – Dec 28, 2021 |
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 27 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| C1 | Jul 25, 2019 | $1,450,000 | — | — |
| 3B | Dec 12, 2019 | $471,510 | — | — |
| 3D | Dec 16, 2019 | $748,414 | — | — |
| 6A | Dec 20, 2019 | $595,676 | — | — |
| 4F | Dec 24, 2019 | $391,404 | — | — |
| 2A | Jan 9, 2020 | $539,673 | — | — |
| 5F | Jan 9, 2020 | $380,530 | — | — |
| 2B | Jan 10, 2020 | $463,398 | — | — |
| 5B | Jan 10, 2020 | $499,000 | — | — |
| 4A | Jan 22, 2020 | $559,000 | — | — |
| 4B | Jan 22, 2020 | $476,580 | — | — |
| 3F | Jan 23, 2020 | $380,250 | — | — |
| 4D | Jan 27, 2020 | $778,961 | — | — |
| 5D | Feb 6, 2020 | $824,783 | — | — |
| 3A | Mar 6, 2020 | $553,928 | — | — |
| 2D | Apr 23, 2020 | $687,319 | — | — |
| 2F | Apr 28, 2020 | $339,690 | — | — |
| 4E | Jun 19, 2020 | $485,000 | — | — |
| 5A | Sep 24, 2020 | $549,000 | — | — |
| 2E | Oct 2, 2020 | $471,510 | — | — |
| 3C | Jan 15, 2021 | $669,000 | — | — |
| 4C | Jan 21, 2021 | $641,498 | — | — |
| 3E | Jan 25, 2021 | $481,650 | — | — |
| 5E | Mar 1, 2021 | $506,000 | — | — |
| 5C | Mar 5, 2021 | $682,000 | — | — |
| 2C | May 6, 2021 | $630,000 | — | — |
| 6B | Dec 28, 2021 | $705,000 | — | — |
Pro
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
- 631 E. 18th Street LLC
- Principals
- Oleg Krasnitsky
- Tax estimate
- Moseson and Associates Corp.Prepared the first-year real estate tax projection
- Construction lender
- Ponce Bank$6.3 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 1710 Newkirk Ave. Condominiumnext door · 19 units · 2006
- Ditmas 17 Condominiumnext door · 13 units · 5 parking · 2026
- 1702 Newkirk Avenue Condominiumnext door · 12 units · 6 parking · 2019
- Waterfalls On Ocean Condominium0.1 mi · 67 units · 2008
- 771 East 17th Street Condominium0.3 mi · 2 units · 2002
- 1912 Avenue H Condominium0.4 mi · 40 units · 2011