THE CONDO BOOK PROJECT

75 Greene Avenue Condominium

75 Greene Avenue, Brooklyn, NY 11238

Overview

Units
22 residential · 18 storage
Subway
4 min walk to Lafayette Av CClinton-Washington Avs G, 4 min
Developer
JELB Fort Greene LLC
Principals
Jeffrey E. Levine
Average $/sf
$1,270Homes in Schedule A, as first offered
Offering price
$35.6 million total $36.2 million when first offered

The sponsor of record is 75 Greene LLC, represented by Seiden & Schein, P.C.. The offering plan runs 338 pages. The sponsor has filed 16 amendments, the latest in July 2022. The nearest other condo plan on file is Greene House Condo *, next door.

Plan CD160384 · New · accepted Mar 30, 2018 · AG record ↗

Compare

FigureThis building1The Museum House237 units · 1 miaccepted 2019929 Atlantic319 units · 0.6 miaccepted 2018
Common ChargesPer Square Foot / Month$0.81Highest$0.60$0.69
Average Offering PricePer Apartment$1.53MIn line$1.53M$790,211
Average PricePer Square Foot$1,270In line$1,302$1,059
Average Unit SizeSquare Feet1,208 SFLarger1,178 SF746 SF

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Unit mix, closings, budgets, finishes and the team, against The Museum House and 929 Atlantic, 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 A22 of 22
Closing prices vs. Schedule A22 homes: $34,977,457 at closing against $33,735,000 in Schedule A (p. 33)+3.7%
Average closing price22 homes, on their Schedule A square feet$1,317 / SF
Closingsfirst and latest recordedSep 20, 2019 – Apr 7, 2021

Sales recorded with the Department of Finance (ACRIS) through Jan 31, 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 23 closings
HomeRecordedClosing priceSchedule ADifference
4ASep 20, 2019$1,474,273$1,420,000 p. 33+3.8%
5BSep 20, 2019$2,543,436$2,395,000 p. 33+6.2%
6BSep 23, 2019$2,441,611$2,195,000 p. 33+11.2%
7BSep 24, 2019$2,760,323$2,495,000 p. 33+10.6%
STORASep 24, 2019$2,760,323——
2BSep 25, 2019$1,883,815$1,785,000 p. 33+5.5%
2DOct 1, 2019$888,780$870,000 p. 33+2.2%
3BOct 3, 2019$1,866,300$1,810,000 p. 33+3.1%
4DOct 4, 2019$909,145$890,000 p. 33+2.2%
2COct 7, 2019$1,472,850$1,450,000 p. 33+1.6%
4COct 8, 2019$1,784,840$1,645,000 p. 33+8.5%
6AOct 11, 2019$1,627,011$1,460,000 p. 33+11.4%
4BOct 15, 2019$1,945,214$1,835,000 p. 33+6%
3DOct 21, 2019$911,690$880,000 p. 33+3.6%
3AOct 22, 2019$1,459,000$1,400,000 p. 33+4.2%
1AFeb 12, 2020$835,000$875,000 p. 33−4.6%
2AFeb 19, 2020$1,350,000$1,380,000 p. 33−2.2%
7AFeb 28, 2020$1,630,000$1,520,000 p. 33+7.2%
5AMar 5, 2020$1,510,000$1,440,000 p. 33+4.9%
3CApr 15, 2020$1,680,113$1,470,000 p. 33+14.3%
1DMay 15, 2020$801,210$845,000 p. 33−5.2%
1CAug 3, 2020$1,625,000$1,800,000 p. 33−9.7%
1BApr 7, 2021$1,577,850$1,875,000 p. 33−15.8%

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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
75 Greene LLC
Developer
JELB Fort Greene LLC
Principals
Jeffrey E. Levine
Tax estimate
Israel Schechter, PLLCPrepared the first-year real estate tax projection
Construction lender
M&T BankLender on the mortgage and building loan agreement recorded June 2016 in ACRIS; $30.7 million recorded

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

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