701 President Street Condominium

701 President Street, Brooklyn, NY 11215

Overview

Units: 4 residential
Subway: 5 min walk to Union St RBergen St 2 3, 11 min
Average $/sf: $1,674Homes in Schedule A, as first offered
Common charges: $378–$533 a monthSponsor's first-year estimate in Schedule A, December 1, 2019 - November 30, 2020
Offering price: $7.6 million total
Floor plans: Pages 146–149 of the plan

The sponsor of record is Cdmc81, LLC, represented by The Law Office Of Claudia V. Murdoch, P.C.. The offering plan runs 203 pages. The sponsor has filed 1 amendment, the latest in February 2020. The nearest other condo plan on file is 740 Union Street Condominium, next door.

Plan CD190176 · Rehab · accepted Jan 14, 2020 · AG record ↗

Closings Pro

Homes closed100% of the homes in Schedule A	4 of 4
Closing prices vs. Schedule A4 homes: $7,315,000 at closing against $7,600,000 in Schedule A (p. 23)	−3.7%
Average closing price4 homes, on their Schedule A square feet	$1,612 / SF
Closingsfirst and latest recorded	Jul 7, 2020 – Aug 12, 2020

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2021: 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 4 closings

Home	Recorded	Closing price	Schedule A	Difference
2	Jul 7, 2020	$1,675,000	$1,700,000 p. 23	−1.5%
1	Jul 8, 2020	$2,340,000	$2,400,000 p. 23	−2.5%
3	Jul 9, 2020	$1,650,000	$1,700,000 p. 23	−2.9%
4	Aug 12, 2020	$1,650,000	$1,800,000 p. 23	−8.3%