THE CONDO BOOK PROJECT

68 Woodruff Avenue Condominium

68 Woodruff Avenue, Brooklyn, NY 11226

Overview

Units
8 residential · 2 parking
Subway
3 min walk to Church Av B QParkside Av Q, 5 min
Principals
Yecheskel Milstein
Common charges
$231–$536 a monthSponsor's first-year estimate in Schedule A, January 1, 2020 - December 31, 2020
Offering price
$6.35 million total

The sponsor of record is 68 Woodruff LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 330 pages. The sponsor has filed 2 amendments, the latest in May 2021. The nearest other condo plan on file is 34 Crooke Avenue Condominium, next door.

Plan CD180247 · New · accepted Oct 30, 2019 · AG record ↗

Compare

FigureThis building1246 Maple28 units · 0.8 miaccepted 2020371 Lincoln Road36 units · 0.9 miaccepted 2019
Average Offering PricePer Apartment$782,500In line$728,750$818,333

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Unit mix, closings, budgets, finishes and the team, against 246 Maple and 371 Lincoln Road, 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 A8 of 8
Closing prices vs. Schedule A8 homes: $5,830,500 at closing against $6,260,000 in Schedule A (p. 32)−6.9%
Closingsfirst and latest recordedNov 18, 2021 – Jun 24, 2022

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 8 closings
HomeRecordedClosing priceSchedule ADifference
4BNov 18, 2021$685,000$755,000 p. 32−9.3%
2BDec 3, 2021$744,000$775,000 p. 32−4%
3BDec 9, 2021$699,000$775,000 p. 32−9.8%
2ADec 22, 2021$545,000$550,000 p. 32−0.9%
3ADec 29, 2021$590,000$670,000 p. 32−11.9%
1AMay 13, 2022$750,000$825,000 p. 32−9.1%
4AJun 10, 2022$950,000$1,020,000 p. 32−6.9%
1BJun 24, 2022$867,500$890,000 p. 32−2.5%

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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
68 Woodruff LLC
Principals
Yecheskel Milstein
Tax estimate
Empire Consulting Inc.Prepared the first-year real estate tax projection
Construction lender
Sharestates Investments$2.83 million recorded

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

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