THE CONDO BOOK PROJECT

744 Lefferts Condominiums

744 Lefferts Avenue, Brooklyn, NY 11203

Overview

Units
7 residential · 1 commercial
Subway
10 min walk to Crown Hts-Utica Av 3 4Kingston Av 3, 16 min
Principals
Rafi Manor
Average $/sf
$865Homes in Schedule A, as first offered
Common charges
$268–$637 a monthSponsor's first-year estimate in Schedule A, January 1, 2020 - December 31, 2020
Offering price
$5.69 million total

The sponsor of record is Brooklyn Development 24 Corp, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 330 pages. The nearest other condo plan on file is 656/658 Maple Street Condominium, 0.2 mi away.

Plan CD180228 · New · accepted Mar 12, 2020 · AG record ↗

Compare

FigureThis building1803 Quincy28 units · 1.9 miaccepted 2020371 Lincoln Road36 units · 0.7 miaccepted 2019
Common ChargesPer Square Foot / Month$0.51In line$0.47$0.52
Average Offering PricePer Apartment$670,000Below peers$780,500$818,333
Average PricePer Square Foot$865In line$853$978
Property TaxesPer Square Foot / Month$0.01Lowest$0.78$0.12
Average Unit SizeSquare Feet775 SFSmaller915 SF837 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against 803 Quincy and 371 Lincoln Road, cited to the offering plans. No credit card required.

Create a free account
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
Brooklyn Development 24 Corp
Principals
Rafi Manor
Tax estimate
Metropolitan Realty Inc.Prepared the first-year real estate tax projection
Construction lender
Genesis Capital$4.98 million recorded

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

Nearby