THE CONDO BOOK PROJECT

712 6th Avenue Condominium

712 6th Avenue, Brooklyn, NY 11215

Overview

Units
8 residential
Subway
9 min walk to 25 St RProspect Av R, 12 min
Principals
Abraham Sigman
Average $/sf
$759Homes in Schedule A, as first offered
Common charges
$167–$238 a monthSponsor's first-year estimate in Schedule A, April 1, 2008 -March 31, 2009
Offering price
$4.6 million total

The sponsor of record is 712 6th Avenue, LLC, represented by Harold L. Gruber, P.C.. The offering plan runs 176 pages. The sponsor has filed 3 amendments, the latest in January 2009. The nearest other condo plan on file is Shangri-La Condominium, next door.

Plan CD070499 · New · accepted Jan 18, 2008 · AG record ↗

Closings Pro

Homes closed88% of the homes in Schedule A7 of 8
Closing prices vs. Schedule A7 homes: $2,434,398 at closing against $3,850,000 in Schedule A (p. 17)−36.8%
Average closing price7 homes, on their Schedule A square feet$481 / SF
Closingsfirst and latest recordedNov 13, 2008 – May 28, 2009

Sales recorded with the Department of Finance (ACRIS) through May 31, 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 7 closings
HomeRecordedClosing priceSchedule ADifference
1Nov 13, 2008$395,460$550,000 p. 17−28.1%
3Nov 21, 2008$359,970$525,000 p. 17−31.4%
7Dec 30, 2008$359,970$525,000 p. 17−31.4%
4Jan 14, 2009$370,110$525,000 p. 17−29.5%
2Feb 18, 2009$498,888$675,000 p. 17−26.1%
5May 28, 2009$225,000$525,000 p. 17−57.1%
6May 28, 2009$225,000$525,000 p. 17−57.1%

Pro

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
712 6th Avenue, LLC
Principals
Abraham Sigman
Tax estimate
R.P.T.E. Consulting, Ltd.Prepared the first-year real estate tax projection

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

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