THE CONDO BOOK PROJECT

Lexe Condominium

669 St Marks Avenue, Brooklyn, NY 11216

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Overview

Units
10 residential · 9 storage
Subway
8 min walk to Nostrand Av A CPark Pl S, 9 min
Developer
The RYL Group
Principals
Massimo Cocco, Rueben Pinner
Average $/sf
$1,262Homes in Schedule A, as first offered
Common charges
$388–$716 a monthSponsor's first-year estimate in Schedule A, December 1, 2022 to November 30, 2023
Offering price
$16.7 million total $15.3 million when first offered

The sponsor of record is Green Crown LLC, represented by Jlc & Associates. The offering plan runs 362 pages. The sponsor has filed 6 amendments, the latest in September 2024. The nearest other condo plan on file is Crown-Bergen Condominium, next door.

Plan CD210257 · New · accepted Jul 20, 2022 · AG record ↗

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FigureThis building1Alcove Residences29 units · 1.1 miaccepted 2023373 Prospect Place36 units · 0.7 miaccepted 2022
Common ChargesPer Square Foot / Month$0.40In line$0.50$0.33
Average Offering PricePer Apartment$1.56MIn line$1.17M$1.87M
Average PricePer Square Foot$1,262In line$1,192$1,308
Property TaxesPer Square Foot / Month$0.40Lowest$1.04$1.01
Average Unit SizeSquare Feet1,237 SFIn line986 SF1,432 SF

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Unit mix, closings, budgets, finishes and the team, against Alcove Residences and 373 Prospect Place, 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 closed100% of the homes in Schedule A10 of 10
Closing prices vs. Schedule A10 homes: $15,891,729 at closing against $15,605,000 in Schedule A (p. 40)+1.8%
Average closing price10 homes, on their Schedule A square feet$1,285 / SF
Closingsfirst and latest recordedJun 27, 2023 – Sep 10, 2025

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 10 closings
HomeRecordedClosing priceSchedule ADifference
3BJun 27, 2023$1,725,000$1,650,000 p. 40+4.5%
3AJun 28, 2023$1,322,500$1,395,000 p. 40−5.2%
4AJun 29, 2023$1,475,000$1,425,000 p. 40+3.5%
4BJun 29, 2023$1,825,000$1,750,000 p. 40+4.3%
5BJun 30, 2023$2,079,000$1,300,000 p. 40+59.9%
2BJul 11, 2023$1,657,500$1,795,000 p. 40−7.7%
2AAug 9, 2023$1,275,000$1,345,000 p. 40−5.2%
1BMar 14, 2024$1,850,000$1,650,000 p. 40+12.1%
5AJul 18, 2025$1,407,729$1,995,000 p. 40−29.4%
1ASep 10, 2025$1,275,000$1,300,000 p. 40−1.9%

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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
Green Crown LLC
Developer
The RYL Group
Principals
Massimo Cocco, Rueben Pinner
Tax estimate
Highpoint Incentive IncPrepared the first-year real estate tax projection
Construction lender
S3 Capital$6.3 million recorded

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

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