THE CONDO BOOK PROJECT

711 Grand Street Condominium

711 Grand Street, Brooklyn, NY 11211

Overview

Units
23 residential · 1 commercial
Subway
4 min walk to Grand St LGraham Av L, 4 min
Principals
Guy Peleg
Average $/sf
$1,426Homes in Schedule A, as first offered
Common charges
$427–$1,156 a monthSponsor's first-year estimate in Schedule A, July 1, 2026 - June 30, 2027
Offering price
$32.6 million total

The sponsor of record is 711-717 Grand LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 391 pages. The sponsor has filed 1 amendment, the latest in July 2026. The nearest other condo plan on file is 710 Grand Street Condominium, next door.

Plan CD250155 · New · accepted Apr 22, 2026 · AG record ↗

Compare

FigureThis building1122 Washington Lofts215 units · 1.7 miaccepted 2026Timberburg323 units · 0.8 miaccepted 2026
Common ChargesPer Square Foot / Month$0.71In line$0.47$0.74
Average Offering PricePer Apartment$1.37MBelow peers$1.57M$2.68M
Average PricePer Square Foot$1,426Below peers$1,496$2,102
Property TaxesPer Square Foot / Month$1.32Above peers$1.25$1.27
Average Unit SizeSquare Feet960 SFSmaller1,051 SF1,276 SF

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Unit mix, closings, budgets, finishes and the team, against 122 Washington Lofts and Timberburg, 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.

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
711-717 Grand LLC
Principals
Guy Peleg
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Valley National Bank$14.9 million recorded

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

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