85 Herkimer Street Condominium
85 Herkimer Street, Brooklyn, NY 11216
Overview
- Units
- 6 residential
- Subway
- 2 min walk to Nostrand Av A CFranklin Av C S, 7 min
- Principals
- Elie Fouerti
- Average $/sf
- $1,197Homes in Schedule A, as first offered
- Common charges
- $404–$805 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 - June 30, 2022
- Offering price
- $6.04 million total $5.49 million when first offered
- Floor plans
- Page 4 of the plan
The sponsor of record is 85 Herkimer Development LLC, represented by Tsyngauz & Associates, P.C.. The offering plan runs 289 pages. The sponsor has filed 2 amendments, the latest in February 2023. The nearest other condo plan on file is 87 Herkimer Street Condominium, next door.
Plan CD200097 · New · accepted Oct 16, 2020 · AG record ↗
Compare
| Figure | This building1 | 87 Herkimer26 units · 0 miaccepted 2020 | 93 Quincy36 units · 0.6 miaccepted 2020 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.73In line | $0.73 | $0.61 |
| Average Offering PricePer Apartment | $914,167In line | $914,167 | $716,667 |
| Average PricePer Square Foot | $1,197Above peers | $1,195 | $1,162 |
| Property TaxesPer Square Foot / Month | $1.08In line | $1.08 | $0.46 |
| Average Unit SizeSquare Feet | 764 SFIn line | 765 SF | 617 SF |
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Unit mix, closings, budgets, finishes and the team, against 87 Herkimer and 93 Quincy, cited to the offering plans. No credit card required.
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- 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.
Units & Prices
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
- 85 Herkimer Development LLC
- Principals
- Elie Fouerti
- Counsel
- Tsyngauz & Associates, P.C.
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Popular Bank$4.43 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 87 Herkimer Street Condominiumnext door · 6 units · 2020
- Macon Condominiumnext door · 0 units
- 1263 Pacific Street Condominium0.1 mi · 4 units · 2011
- 1251 Pacific Street Condominium0.1 mi · 4 units · 2024
- 83 Halsey Street Condominium0.1 mi · 4 units · 2007
- 51 Halsey Street Condominuim0.1 mi · 4 units · 2008