THE CONDO BOOK PROJECT

78 Meserole Avenue Condominium

78 Meserole Avenue, Brooklyn, NY 11222

Overview

Units
3 residential
Subway
4 min walk to Nassau Av GGreenpoint Av G, 6 min
Principals
Rotem Cohen, Eliran Cohen
Common charges
$695–$993 a monthSponsor's first-year estimate in Schedule A, Year Projected to Begin: July 1, 2024- June 30, 2025
Offering price
$8.95 million total $8.85 million when first offered

The sponsor of record is 78 Meserole Development LLC, represented by The Law Office Of Jay Lichtman, PC. The offering plan runs 343 pages. The sponsor has filed 1 amendment, the latest in December 2023. The nearest other condo plan on file is 84 Meserole Avenue Condominium, next door.

Plan CD230087 · Rehab · accepted Aug 10, 2023 · AG record ↗

Compare

FigureThis building125 Conselyea22 units · 0.8 miaccepted 2024590 Lorimer33 units · 0.9 miaccepted 2023
Average Offering PricePer Apartment$2.95MAbove peers$2.87M$1.73M

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Unit mix, closings, budgets, finishes and the team, against 25 Conselyea and 590 Lorimer, 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 A3 of 3
Closing prices vs. Schedule A3 homes: $8,895,000 at closing against $8,850,000 in Schedule A (p. 34)+0.5%
Closingsfirst and latest recordedApr 5, 2024 – Jun 6, 2024

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 3 closings
HomeRecordedClosing priceSchedule ADifference
2Apr 5, 2024$3,100,000$2,850,000 p. 34+8.8%
3Apr 5, 2024$3,500,000$3,500,000 p. 340%
1Jun 6, 2024$2,295,000$2,500,000 p. 34−8.2%

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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
78 Meserole Development LLC
Principals
Rotem Cohen, Eliran Cohen
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Bullpath Capital$4.1 million recorded

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

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