THE CONDO BOOK PROJECT

689 Quincy Street Condominium

689 Quincy Street, Brooklyn, NY 11221

Compare

Overview

Units
8 residential
Subway
9 min walk to Kosciuszko St JGates Av J Z, 9 min
Principals
Shai Birenzweig
Average $/sf
$1,011Homes in Schedule A, as first offered
Common charges
$268–$647 a monthSponsor's first-year estimate in Schedule A, January 1, 2022- December 31, 2022
Offering price
$6.05 million total $5.5 million when first offered

The sponsor of record is 689 Quincy Development LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 319 pages. The sponsor has filed 2 amendments, the latest in November 2022. The nearest other condo plan on file is 679 Quincy Street Condominium, next door.

Plan CD210029 · New · accepted Jul 27, 2021 · AG record ↗

Compare

FigureThis building1676 Halsey27 units · 0.4 miaccepted 202188 Marion38 units · 0.7 miaccepted 2021
Common ChargesPer Square Foot / Month$0.52In line$0.47$0.57
Average Offering PricePer Apartment$756,000Above peers$689,857$650,250
Average PricePer Square Foot$1,011In line$1,066$950
Property TaxesPer Square Foot / Month$0.65Below peers$0.73$0.79
Average Unit SizeSquare Feet748 SFLarger647 SF685 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 676 Halsey and 88 Marion, cited to the offering plans. No credit card required.

Create a free account
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: $5,677,203 at closing against $6,048,000 in Schedule A (p. 46)−6.1%
Average closing price8 homes, on their Schedule A square feet$949 / SF
Closingsfirst and latest recordedAug 30, 2022 – Jul 31, 2023

Sales recorded with the Department of Finance (ACRIS) through Jul 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 8 closings
HomeRecordedClosing priceSchedule ADifference
1BAug 30, 2022$829,000$849,000 p. 46−2.4%
4AAug 31, 2022$710,000$749,000 p. 46−5.2%
1ASep 2, 2022$649,000$699,000 p. 46−7.2%
3BSep 7, 2022$549,000$625,000 p. 46−12.2%
4BSep 7, 2022$907,203$929,000 p. 46−2.3%
2BSep 16, 2022$549,000$599,000 p. 46−8.3%
2ASep 19, 2022$739,000$799,000 p. 46−7.5%
3AJul 31, 2023$745,000$799,000 p. 46−6.8%

Pro

Closings are for subscribers

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

Subscribe to seeAlready a member? Sign in

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
689 Quincy Development LLC
Principals
Shai Birenzweig
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
White Oak Projects$2.2 million recorded

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

Nearby