THE CONDO BOOK PROJECT

654 Katan Pavilion Condominium

654 Jeffrson Avenue, Brooklyn, NY 11221

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Overview

Units
8 residential
Subway
9 min walk to Utica Av A CGates Av J Z, 15 min
Principals
Eduard Katanov, Ardit Dekaj, Moshe Levi, Roie Rebeyev
Average $/sf
$1,149Homes in Schedule A, as first offered
Common charges
$230–$421 a monthSponsor's first-year estimate in Schedule A, January 1, 2026 To December 31, 2026
Offering price
$8.54 million total $8.37 million when first offered

The sponsor of record is 654 Jefferson LLC, represented by Eial Girtz, PC. The offering plan runs 284 pages. The sponsor has filed 2 amendments, the latest in June 2026. The nearest other condo plan on file is 664 Jefferson Avenue Condominium, next door.

Plan CD240191 · New · accepted Jul 29, 2025 · AG record ↗

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FigureThis building148 Stanhope28 units · 0.8 miaccepted 2025The Harman38 units · 0.8 miaccepted 2025
Common ChargesPer Square Foot / Month$0.35Lowest$0.53$0.55
Average Offering PricePer Apartment$1.05MHighest$868,375$820,625
Average PricePer Square Foot$1,149Above peers$1,107$1,130
Property TaxesPer Square Foot / Month$0.40Lowest$0.80$1.08
Average Unit SizeSquare Feet910 SFLargest785 SF726 SF

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Unit mix, closings, budgets, finishes and the team, against 48 Stanhope and The Harman, 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 A6 of 8
Closing prices vs. Schedule A6 homes: $6,789,000 at closing against $6,371,000 in Schedule A (p. 42)+6.6%
Average closing price6 homes, on their Schedule A square feet$1,253 / SF
Closingsfirst and latest recordedMay 27, 2026 – Sep 1, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 6 closings
HomeRecordedClosing priceSchedule ADifference
3AMay 27, 2026$1,095,000$999,000 p. 42+9.6%
3BMay 27, 2026$1,125,000$999,000 p. 42+12.6%
1AMay 28, 2026$1,150,000$1,150,000 p. 420%
4BJun 3, 2026$1,125,000$999,000 p. 42+12.6%
2AJun 23, 2026$999,000$999,000 p. 420%
1BSep 1, 2026$1,295,000$1,225,000 p. 42+5.7%

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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
654 Jefferson LLC
Principals
Eduard Katanov, Ardit Dekaj, Moshe Levi, Roie Rebeyev
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
PAI Capital Group$1.5 million loan stated in the plan

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

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