THE CONDO BOOK PROJECT

68 Commercial Street Condominium

68 Commercial Street, Brooklyn, NY 11222

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Overview

Units
3 residential
Subway
9 min walk to Greenpoint Av GVernon Blvd-Jackson Av 7, 13 min
Principals
Elazar Orlofsky
Average $/sf
$1,699Homes in Schedule A, as first offered
Common charges
$999–$2,253 a monthSponsor's first-year estimate in Schedule A, December 1, 2024 To November 30, 2025
Offering price
$9.99 million total $8.8 million when first offered

The sponsor of record is 68 Commercial Street LLC, represented by Getler, Gomes & Sutton, PC. The offering plan runs 349 pages. The sponsor has filed 5 amendments, the latest in December 2025. The nearest other condo plan on file is 99 Dupont Street Condominium, next door.

Plan CD230198 · New · accepted Dec 14, 2023 · AG record ↗

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FigureThis building1207 North 8th Street Condominiums24 units · 1.3 miaccepted 202376 North 8th33 units · 1.2 miaccepted 2023
Common ChargesPer Square Foot / Month$0.96Above peers$0.48$0.87
Average Offering PricePer Apartment$3.03MBelow peers$3.08M$3.13M
Average PricePer Square Foot$1,699Below peers$1,746$1,943
Property TaxesPer Square Foot / Month$0.48Lowest$0.95$1.08
Average Unit SizeSquare Feet1,784 SFLarger1,761 SF1,613 SF

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Unit mix, closings, budgets, finishes and the team, against 207 North 8th Street Condominiums and 76 North 8th, 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 closed67% of the homes in Schedule A2 of 3
Closing prices vs. Schedule A2 homes: $5,229,675 at closing against $5,145,000 in Schedule A (p. 32)+1.6%
Average closing price2 homes, on their Schedule A square feet$1,719 / SF
Closingsfirst and latest recordedJan 16, 2025 – Jan 27, 2025

Sales recorded with the Department of Finance (ACRIS) through Jan 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 2 closings
HomeRecordedClosing priceSchedule ADifference
2Jan 16, 2025$1,934,675$1,850,000 p. 32+4.6%
1Jan 27, 2025$3,295,000$3,295,000 p. 320%

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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
68 Commercial Street LLC
Principals
Elazar Orlofsky
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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

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