THE CONDO BOOK PROJECT

Avenue K Developers Condominium

8413 Avenue K, Brooklyn, NY 11236

Compare

Overview

Units
18 residential · 12 parking · 2 commercial
Subway
22 min walk to Canarsie-Rockaway Pkwy LEast 105 St L, 33 min
Principals
Al Bokhour
Average $/sf
$486Homes in Schedule A, as first offered
Offering price
$8.34 million total

The sponsor of record is Avenue K Developers, Inc., represented by Law Office Of Jay Lichtman, P.C.. The offering plan runs 251 pages. The sponsor has filed 4 amendments, the latest in June 2012. The nearest other condo plan on file is Canarsie Estates Condominium, next door.

Plan CD090218 · New · accepted Mar 24, 2010 · AG record ↗

Compare

FigureThis building1Kings212 units · 2.9 miaccepted 2010475 East 8th312 units · 3.4 miaccepted 2008
Common ChargesPer Square Foot / Month$0.36Above peers$0.33$0.33
Average Offering PricePer Apartment$380,950In line$252,083$391,500
Average PricePer Square Foot$486In line$420$493
Average Unit SizeSquare Feet783 SFIn line600 SF794 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Kings and 475 East 8th, 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.

Closings Pro

Homes closed100% of the homes in Schedule A18 of 18
Closing prices vs. Schedule A18 homes: $5,238,300 at closing against $6,857,100 in Schedule A (p. 30)−23.6%
Average closing price18 homes, on their Schedule A square feet$372 / SF
Closingsfirst and latest recordedNov 22, 2010 – Aug 20, 2019

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 18 closings
HomeRecordedClosing priceSchedule ADifference
3DNov 22, 2010$343,400$418,050 p. 30−17.9%
5BMar 8, 2011$210,000$360,000 p. 30−41.7%
2EMar 9, 2011$330,000$395,100 p. 30−16.5%
2BApr 12, 2011$210,000$360,000 p. 30−41.7%
2FApr 27, 2011$310,000$391,500 p. 30−20.8%
3BMay 10, 2011$190,000$360,000 p. 30−47.2%
3CJun 21, 2011$325,000$382,050 p. 30−14.9%
4CJul 27, 2011$329,900$411,750 p. 30−19.9%
3EAug 30, 2011$310,000$395,100 p. 30−21.5%
5CAug 30, 2011$190,000$360,000 p. 30−47.2%
4BAug 31, 2011$335,000$364,500 p. 30−8.1%
4AOct 24, 2011$300,000$335,250 p. 30−10.5%
2DDec 29, 2011$325,000$418,050 p. 30−22.3%
3FFeb 16, 2012$330,000$391,500 p. 30−15.7%
5AMay 10, 2012$190,000$360,000 p. 30−47.2%
3AJan 30, 2013$325,000$386,100 p. 30−15.8%
2CDec 21, 2015$290,000$382,050 p. 30−24.1%
2AAug 20, 2019$395,000$386,100 p. 30+2.3%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
Avenue K Developers, Inc.
Principals
Al Bokhour
Tax estimate
Joseph MartinPrepared the first-year real estate tax projection

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

Nearby