THE CONDO BOOK PROJECT

Villas On Classon

792 Classon Avenue, Brooklyn, NY 11238

Overview

Units
8 residential
Subway
5 min walk to Park Pl SEastern Pkwy-Brooklyn Museum 2 3, 6 min
Offering price
$8.43 million total $6.33 million when first offered

The sponsor of record is 792 Classon Villa LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The sponsor has filed 5 amendments, the latest in March 2020. The nearest other condo plan on file is 811 Classon Avenue Condominium, next door.

Plan CD160362 · New · accepted Nov 20, 2017 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan8 of 8
Closingsfirst and latest recordedJan 27, 2020 – Aug 28, 2020

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2023: 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 8 closings
HomeRecordedClosing priceSchedule ADifference
2RJan 27, 2020$620,000——
3RJan 27, 2020$650,000——
4Feb 3, 2020$1,290,000——
3FFeb 18, 2020$625,000——
1May 8, 2020$1,225,000——
2FJul 24, 2020$575,000——
5RAug 21, 2020$1,175,630——
5FAug 28, 2020$610,000——

Pro

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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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Team

Sponsor
792 Classon Villa LLC
Construction lender
Goldman Sachs BankLender on the mortgage and building loan agreement recorded January 2018 in ACRIS; $3.49 million recorded

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

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