Willart Condominium
707 Willoughby Avenue, Brooklyn, NY 11206
Overview
- Units
- 20 residential
- Subway
- 8 min walk to Myrtle Av J M ZFlushing Av J M, 9 min
- Principals
- Baruch Guttman, Binyomin Ribiat
- Average $/sf
- $1,003Homes in Schedule A, as first offered
- Common charges
- $313–$697 a monthSponsor's first-year estimate in Schedule A, October 1, 2020- September 30, 2021
- Offering price
- $16.7 million total $16.4 million when first offered
- Floor plans
- Pages 164–169 of the plan
The sponsor of record is The Willart LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 363 pages. The sponsor has filed 3 amendments, the latest in January 2022. The nearest other condo plan on file is 120 Marcus Garvey Condominium, next door.
Plan CD190416 · New · accepted Jun 8, 2020 · AG record ↗
Compare
| Figure | This building1 | 1122 & 1126 Lafayette218 units · 0.8 miaccepted 2020 | 1269 Dekalb310 units · 0.7 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.61Above peers | $0.36 | $0.54 |
| Average Offering PricePer Apartment | $795,500Above peers | $781,222 | $713,530 |
| Average PricePer Square Foot | $1,003In line | $1,164 | $960 |
| Property TaxesPer Square Foot / Month | $0.99Above peers | $0.88 | $0.85 |
| Average Unit SizeSquare Feet | 793 SFLarger | 671 SF | 743 SF |
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Unit mix, closings, budgets, finishes and the team, against 1122 & 1126 Lafayette and 1269 Dekalb, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 20 of 20 |
| Closing prices vs. Schedule A20 homes: $15,901,399 at closing against $15,910,000 in Schedule A (p. 31) | −0.1% |
| Average closing price20 homes, on their Schedule A square feet | $1,002 / SF |
| Closingsfirst and latest recorded | Nov 10, 2021 – Oct 26, 2022 |
Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2025: 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 20 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 6B | Nov 10, 2021 | $995,000 | $950,000 p. 31 | +4.7% |
| 2C | Nov 19, 2021 | $940,000 | $900,000 p. 31 | +4.4% |
| 4D | Dec 6, 2021 | $650,000 | $600,000 p. 31 | +8.3% |
| 5D | Dec 21, 2021 | $670,000 | $625,000 p. 31 | +7.2% |
| 4A | Jan 7, 2022 | $524,399 | $560,000 p. 31 | −6.4% |
| 5B | Jan 7, 2022 | $830,000 | $900,000 p. 31 | −7.8% |
| 3A | Jan 18, 2022 | $507,000 | $575,000 p. 31 | −11.8% |
| 4B | Jan 20, 2022 | $815,000 | $875,000 p. 31 | −6.9% |
| 5A | Mar 18, 2022 | $510,000 | $575,000 p. 31 | −11.3% |
| 5C | Apr 21, 2022 | $900,000 | $925,000 p. 31 | −2.7% |
| 3B | Apr 29, 2022 | $845,000 | $850,000 p. 31 | −0.6% |
| 3D | May 7, 2022 | $600,000 | $575,000 p. 31 | +4.3% |
| 1B | May 9, 2022 | $1,125,000 | $1,100,000 p. 31 | +2.3% |
| 3C | May 13, 2022 | $875,000 | $875,000 p. 31 | 0% |
| 1A | May 23, 2022 | $995,000 | $1,050,000 p. 31 | −5.2% |
| 6A | May 23, 2022 | $820,000 | $750,000 p. 31 | +9.3% |
| 4C | Jul 15, 2022 | $900,000 | $900,000 p. 31 | 0% |
| 7B | Jul 29, 2022 | $930,000 | $975,000 p. 31 | −4.6% |
| 7A | Sep 9, 2022 | $735,000 | $700,000 p. 31 | +5% |
| 2D | Oct 26, 2022 | $735,000 | $650,000 p. 31 | +13.1% |
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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.
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
- The Willart LLC
- Principals
- Baruch Guttman, Binyomin Ribiat
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- S3 Capital$8.1 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 120 Marcus Garvey Condominiumnext door · 2 units · 2022
- 682 Willoughby Avenue Condominiumnext door · 7 units · 2019
- 233 Vernon Condominiumnext door · 2 units
- 231 Vernon Condominiumnext door · 2 units
- 976 Myrtle Avenue Condominium0.1 mi · 8 units · 2009
- 257 Throop Avenue Condominium0.1 mi · 4 units · 2020