THE CONDO BOOK PROJECT

702 Green Avenue Condominium

702 Green Avenue, Brooklyn, NY 11221

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Overview

Units
4 residential
Subway
13 min walk to Bedford-Nostrand Avs GKingston-Throop Avs C, 15 min
Principals
Douglas Moyal, Eric Sadkin, Scott Packman
Average $/sf
$924Homes in Schedule A, as first offered
Common charges
$363–$618 a monthSponsor's first-year estimate in Schedule A, December 1, 2022 To November 30, 2023
Offering price
$4.6 million total $3.6 million when first offered

The sponsor of record is Quantum Re LLC, represented by Mavrides Moyal Packman & Sadkin, LLP. The offering plan runs 441 pages. The sponsor has filed 2 amendments, the latest in July 2023. The nearest other condo plan on file is 545 Lexington Townhouses Condominium, next door.

Plan CD200262 · New · accepted Nov 8, 2022 · AG record ↗

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FigureThis building1Kps24 units · 0.1 miaccepted 2022571 Macdonough33 units · 1 miaccepted 2022
Common ChargesPer Square Foot / Month$0.45Lowest$0.60$0.79
Average Offering PricePer Apartment$900,000Above peers$881,250$765,667
Average PricePer Square Foot$924Below peers$1,050$948
Property TaxesPer Square Foot / Month$0.29In line$0.79$0.23
Average Unit SizeSquare Feet974 SFLargest839 SF808 SF

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Unit mix, closings, budgets, finishes and the team, against Kps and 571 Macdonough, 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 A4 of 4
Closing prices vs. Schedule A4 homes: $3,968,714 at closing against $3,600,000 in Schedule A (p. 51)+10.2%
Average closing price4 homes, on their Schedule A square feet$1,019 / SF
Closingsfirst and latest recordedDec 29, 2023 – Mar 6, 2025

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 4 closings
HomeRecordedClosing priceSchedule ADifference
3Dec 29, 2023$915,407$1,000,000 p. 51−8.5%
4Mar 6, 2024$916,000$800,000 p. 51+14.5%
1Feb 11, 2025$1,170,988$1,000,000 p. 51+17.1%
2Mar 6, 2025$966,319$800,000 p. 51+20.8%

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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
Quantum Re LLC
Principals
Douglas Moyal, Eric Sadkin, Scott Packman
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Conventus

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

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