THE CONDO BOOK PROJECT

Cascade F Condominium

859 Myrtle Avenue, Brooklyn, NY 11206

Overview

Units
62 residential · 2 storage · 1 commercial
Subway
1 min walk to Myrtle-Willoughby Avs GFlushing Av G, 7 min
Principals
Abraham Brach, Andor Deutsch, Max Lebowitz
Offering price
$82.9 million total $7.1 million when first offered

The sponsor of record is Cascade 553 LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 533 pages. The sponsor has filed 2 amendments, the latest in May 2023. The nearest other condo plan on file is Cascade C Condominium, next door.

Plan CD210335 · New · accepted Mar 22, 2022 · AG record ↗

Compare

FigureThis building1Diana240 units · 0.9 miaccepted 2022The North344 units · 1.4 miaccepted 2022
Average Offering PricePer Apartment$114,516Lowest$864,425$1.12M

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Unit mix, closings, budgets, finishes and the team, against Diana and The North, cited to the offering plans. No credit card required, and it also connects to ChatGPT and Claude, with limited access.

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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.

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Closings Pro

Homes closed90% of the homes in the plan56 of 62
Closingsfirst and latest recordedAug 25, 2022 – Feb 17, 2026

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 56 closings
HomeRecordedClosing priceSchedule ADifference
5EAug 25, 2022$1,481,554——
7ASep 15, 2022$903,228——
7ESep 15, 2022$1,109,893——
3ASep 19, 2022$910,010——
8CSep 21, 2022$974,465——
3COct 7, 2022$1,330,089——
5DOct 19, 2022$999,000——
6DOct 24, 2022$999,999——
7FOct 24, 2022$683,500——
4AOct 25, 2022$910,010——
5FNov 2, 2022$889,788——
8ANov 4, 2022$999,000——
7HNov 9, 2022$923,756——
8ENov 9, 2022$1,131,200——
8FNov 14, 2022$894,787——
6ENov 15, 2022$1,120,075——
6ANov 21, 2022$731,816——
6BDec 1, 2022$1,533,759——
5BDec 7, 2022$1,500,417——
2CDec 12, 2022$990,000——
4FDec 22, 2022$995,000——
5ADec 27, 2022$977,418——
6FDec 27, 2022$907,080——
8HDec 29, 2022$971,655——
4DJan 9, 2023$990,000——
3EJan 31, 2023$1,500,417——
5CFeb 1, 2023$1,632,382——
3DFeb 9, 2023$999,999——
7DFeb 9, 2023$1,192,982——
4CMar 28, 2023$997,885——
3BApr 4, 2023$1,608,835——
6CAug 1, 2023$990,000——
9GAug 9, 2023$986,684——
4BAug 10, 2023$995,000——
9BSep 14, 2023$999,000——
2DSep 21, 2023$997,885——
10ASep 28, 2023$999,000——
7GOct 30, 2023$1,102,500——
9CDec 29, 2023$750,000——
3FJan 5, 2024$1,213,347——
7BFeb 7, 2024$999,000——
9AFeb 15, 2024$840,056——
9FFeb 20, 2024$999,000——
10HMar 26, 2024$999,999——
9HJun 6, 2024$997,885——
10GJun 18, 2024$999,999——
2FJul 22, 2024$2,172,946——
8BSep 25, 2024$999,000——
2ESep 27, 2024$2,500,000——
10BSep 30, 2024$1,100,000——
9DOct 1, 2024$999,000——
2BOct 8, 2024$1,600,000——
9EApr 28, 2025$999,000——
10FMay 22, 2025$1,275,000——
2AMay 27, 2025$2,677,998——
10CFeb 17, 2026$1,349,181——

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

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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
Cascade 553 LLC
Principals
Abraham Brach, Andor Deutsch, Max Lebowitz
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
G4 Capital Partners

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

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