THE CONDO BOOK PROJECT

661 Driggs Avenue Condominium

661 Driggs Avenue, Brooklyn, NY 11211

Overview

Units
8 residential · 1 commercial
Subway
4 min walk to Bedford Av LMetropolitan Av/Lorimer St G L, 8 min
Developer
Investmates
Principals
Jakov Telyas, Idan Shitrit, Dennis McCormack
Average $/sf
$1,873Homes in Schedule A, as first offered
Offering price
$31.5 million total

The sponsor of record is Brooklyn Rose LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 355 pages. The sponsor has filed 1 amendment, the latest in December 2023. The nearest other condo plan on file is 280 Metropolitan Avenue Condominium, next door.

Plan CD220200 · New · accepted Sep 12, 2023 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A8 of 8
Closingsfirst and latest recordedMar 26, 2024 – Jul 25, 2024

Sales recorded with the Department of Finance (ACRIS) through Apr 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 8 closings
HomeRecordedClosing priceSchedule ADifference
4BMar 26, 2024$1,575,000——
2AApr 12, 2024$2,295,000——
3BApr 17, 2024$1,550,000——
2BApr 19, 2024$1,650,000——
3AApr 19, 2024$2,175,000——
5AJun 14, 2024$3,200,000——
5BJun 17, 2024$2,400,000——
4AJul 25, 2024$2,040,000——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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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
Brooklyn Rose LLC
Developer
Investmates
Principals
Jakov Telyas, Idan Shitrit, Dennis McCormack
Tax estimate
Danielle Pistola Sidiropoulos, Esq.Prepared the first-year real estate tax projection
Construction lender
S3 CapitalLender on the mortgage and building loan agreement recorded February 2022 in ACRIS; $13.3 million recorded

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

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