THE CONDO BOOK PROJECT

852 St. Johns Place Condominium

852 St. Johns Place, Brooklyn, NY 11216

Overview

Units
5 residential
Subway
3 min walk to Nostrand Av 3President St-Medgar Evers College 2 5, 5 min
Principals
R. Justin Stewart
Common charges
$458–$529 a monthSponsor's first-year estimate in Schedule A, October 1, 2019- September 30, 2020
Offering price
$4.75 million total $4.17 million when first offered

The sponsor of record is St Johns Bc LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 374 pages. The sponsor has filed 4 amendments, the latest in April 2021. The nearest other condo plan on file is 872 St. John'S Place Condominium, next door.

Plan CD190007 · Rehab · accepted Sep 13, 2019 · AG record ↗

Compare

FigureThis building1320 Macon24 units · 1 miaccepted 2019450 Hart36 units · 1.8 miaccepted 2019
Average Offering PricePer Apartment$835,000Below peers$856,000$946,667

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Unit mix, closings, budgets, finishes and the team, against 320 Macon and 450 Hart, 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 A5 of 5
Closing prices vs. Schedule A5 homes: $4,597,941 at closing against $4,175,000 in Schedule A (p. 34)+10.1%
Closingsfirst and latest recordedJun 12, 2020 – Dec 16, 2021

Sales recorded with the Department of Finance (ACRIS) through Aug 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 5 closings
HomeRecordedClosing priceSchedule ADifference
2Jun 12, 2020$943,532$825,000 p. 34+14.4%
3Jun 26, 2020$950,000$850,000 p. 34+11.8%
4Jul 16, 2020$992,794$875,000 p. 34+13.5%
5Apr 7, 2021$980,000$900,000 p. 34+8.9%
1Dec 16, 2021$731,616$725,000 p. 34+0.9%

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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
St Johns Bc LLC
Principals
R. Justin Stewart
Tax estimate
The Mazursky Group, Inc.Prepared the first-year real estate tax projection

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

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