THE CONDO BOOK PROJECT

71 Cooper Street Condominium

71 Cooper Street, Brooklyn, NY 11207

Overview

Units
8 residential
Subway
4 min walk to Chauncey St J ZBushwick Av-Aberdeen St L, 8 min
Principals
Amit Stern, Offer Saltoon
Common charges
$225–$347 a monthSponsor's first-year estimate in Schedule A, 10/1/2018 - 9/30/2019
Offering price
$5.13 million total

The sponsor of record is 71 Cooper Development LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 288 pages. The sponsor has filed 3 amendments, the latest in August 2019. The nearest other condo plan on file is 87a Cooper Street Condominium, next door.

Plan CD170375 · New · accepted Feb 28, 2018 · AG record ↗

Compare

FigureThis building1511 Herkimer28 units · 1.5 miaccepted 2018838 Quincy37 units · 0.9 miaccepted 2019
Average Offering PricePer Apartment$641,500Above peers$640,245$640,429

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Unit mix, closings, budgets, finishes and the team, against 511 Herkimer and 838 Quincy, 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: $4,282,895 at closing against $5,132,000 in Schedule A (p. 25)−16.5%
Closingsfirst and latest recordedFeb 5, 2019 – Aug 14, 2019

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 8 closings
HomeRecordedClosing priceSchedule ADifference
3BFeb 5, 2019$560,000$669,000 p. 25−16.3%
4BFeb 11, 2019$585,494$689,000 p. 25−15%
1BFeb 14, 2019$590,585$699,000 p. 25−15.5%
2BFeb 21, 2019$544,764$649,000 p. 25−16.1%
2AFeb 27, 2019$480,000$569,000 p. 25−15.6%
3AApr 1, 2019$500,000$589,000 p. 25−15.1%
1AJun 27, 2019$547,500$659,000 p. 25−16.9%
4AAug 14, 2019$474,552$609,000 p. 25−22.1%

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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.

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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
71 Cooper Development LLC
Principals
Amit Stern, Offer Saltoon
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Hampton Partners$1.75 million recorded

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

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