THE CONDO BOOK PROJECT

814 Bedford Avenue Condominium

814 Bedford Avenue, Brooklyn, NY 11205

Overview

Units
17 residential · 1 parking · 2 commercial
Subway
10 min walk to Myrtle-Willoughby Avs GBedford-Nostrand Avs G, 10 min
Principals
Abraham Brach
Offering price
$22.7 million total $21.6 million when first offered

The sponsor of record is 814 Park LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 402 pages. The sponsor has filed 3 amendments, the latest in November 2021. The nearest other condo plan on file is 828 Bedford Avenue Condominium, next door.

Plan CD190356 · New · accepted May 27, 2020 · AG record ↗

Compare

FigureThis building125 Bartlett218 units · 0.6 miaccepted 2020552 Prospect Place322 units · 1.5 miaccepted 2020
Average Offering PricePer Apartment$1.27MIn line$1.48M$1.26M

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Unit mix, closings, budgets, finishes and the team, against 25 Bartlett and 552 Prospect Place, 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 closed94% of the homes in the plan16 of 17
Closingsfirst and latest recordedMar 16, 2021 – Dec 21, 2022

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 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 16 closings
HomeRecordedClosing priceSchedule ADifference
3DMar 16, 2021$999,000——
5EMar 18, 2021$1,288,086——
4AApr 21, 2021$999,000——
3AMay 11, 2021$990,000——
4EMay 11, 2021$985,000——
5AMay 13, 2021$999,000——
4FMay 21, 2021$999,000——
5DMay 21, 2021$990,000——
4DJun 9, 2021$990,000——
3FJun 10, 2021$985,000——
3CJul 7, 2021$827,837——
4CSep 17, 2021$997,885——
5COct 5, 2021$1,404,192——
4BDec 22, 2021$626,224——
5BMar 15, 2022$1,800,000——
3BDec 21, 2022$610,950——

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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
814 Park LLC
Principals
Abraham Brach
Tax estimate
RE Tax ServicePrepared the first-year real estate tax projection
Construction lender
The Bank of Princeton$20.9 million recorded

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

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