THE CONDO BOOK PROJECT

67 Livingston Street Condominium

67 Livingston Street, Brooklyn, NY 11201

Overview

Units
22 residential
Subway
2 min walk to Borough Hall/Court St 2 3 4 5 RJay St-MetroTech A C F R, 6 min
Principals
Joshua Schuster
Average $/sf
$1,702Homes in Schedule A, as first offered
Common charges
$606–$1,594 a monthSponsor's first-year estimate in Schedule A, November 1, 2018 - October 31, 2019
Offering price
$68.6 million total

The sponsor of record is 67 Livingston LLC, represented by Marans, Weisz & Newman, LLC. The offering plan runs 370 pages. The sponsor has filed 5 amendments, the latest in July 2020. The nearest other condo plan on file is Sixty Court Condominium, next door.

Plan CD170284 · Rehab · accepted May 21, 2018 · AG record ↗

Compare

FigureThis building1Polhemus Residences217 units · 0.3 miaccepted 2016807 Manhattan329 units · 3.2 miaccepted 2019
Common ChargesPer Square Foot / Month$0.43Lowest$1.42$0.68
Average Offering PricePer Apartment$3.12MIn line$3.94M$1.9M
Average PricePer Square Foot$1,702Above peers$1,684$1,448
Property TaxesPer Square Foot / Month$1.20Below peers$1.39$1.73
Average Unit SizeSquare Feet1,832 SFIn line2,338 SF1,314 SF

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Unit mix, closings, budgets, finishes and the team, against Polhemus Residences and 807 Manhattan, 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
67 Livingston LLC
Principals
Joshua Schuster
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Melody Business Finance$46.7 million recorded

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

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