THE CONDO BOOK PROJECT

714 Jefferson Avenue Condominium

714 Jefferson Avenue, Brooklyn, NY 11221

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Overview

Units
7 residential
Subway
11 min walk to Utica Av A CGates Av J Z, 12 min
Principals
Bryan Breslov, Ilya Briskin
Average $/sf
$1,119Homes in Schedule A, as first offered
Common charges
$227–$602 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
Offering price
$4.65 million total

The sponsor of record is 714 Jefferson LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 367 pages. The sponsor has filed 1 amendment, the latest in September 2022. The nearest other condo plan on file is 674 Hancock Street Condominium, next door.

Plan CD220001 · New · accepted Jul 12, 2022 · AG record ↗

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FigureThis building1165 Malcolm X Boulevard28 units · 0.2 miaccepted 2022849 Madison Court37 units · 0.4 miaccepted 2022
Common ChargesPer Square Foot / Month$0.56In line$0.64$0.53
Average Offering PricePer Apartment$664,286In line$694,000$609,600
Average PricePer Square Foot$1,119In line$1,149$1,008
Property TaxesPer Square Foot / Month$0.92Highest$0.69$0.54
Average Unit SizeSquare Feet594 SFSmaller604 SF664 SF

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Unit mix, closings, budgets, finishes and the team, against 165 Malcolm X Boulevard and 849 Madison Court, 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 closed86% of the homes in Schedule A6 of 7
Closing prices vs. Schedule A6 homes: $3,905,737 at closing against $3,800,000 in Schedule A (p. 34)+2.8%
Average closing price6 homes, on their Schedule A square feet$1,128 / SF
Closingsfirst and latest recordedJan 4, 2023 – Mar 6, 2024

Sales recorded with the Department of Finance (ACRIS) through Feb 28, 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 6 closings
HomeRecordedClosing priceSchedule ADifference
2BJan 4, 2023$625,000$585,000 p. 34+6.8%
3BJan 20, 2023$554,946$525,000 p. 34+5.7%
4BJan 20, 2023$525,000$525,000 p. 340%
2AJan 26, 2023$485,000$475,000 p. 34+2.1%
3AJan 26, 2023$529,791$495,000 p. 34+7%
1Mar 6, 2024$1,186,000$1,195,000 p. 34−0.8%

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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
714 Jefferson LLC
Principals
Bryan Breslov, Ilya Briskin
Tax estimate
Berish LichtmanPrepared the first-year real estate tax projection

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

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