87 Gerry Street Condominium
87 Gerry Street, Brooklyn, NY 11206
Overview
- Units
- 4 residential
- Subway
- 3 min walk to Lorimer St J MFlushing Av G, 4 min
- Principals
- Jacob Moskovits
- Offering price
- $4.37 million total $4.26 million when first offered
- Floor plans
- Page 19 of the plan
The sponsor of record is Oholei Shloma, represented by Law Offices Of N.C. Caller, P.C.. The offering plan runs 315 pages. The nearest other condo plan on file is Gerry Gardens Condominium, next door.
Plan CD220212 · New · accepted Jul 14, 2023 · AG record ↗
Compare
| Figure | This building1 | 358 Tompkins24 units · 1.2 miaccepted 2023 | 583 Putnam34 units · 1.2 miaccepted 2024 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.07MIn line | $1.15M | $1.06M |
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Unit mix, closings, budgets, finishes and the team, against 358 Tompkins and 583 Putnam, 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.
Closings Pro
| Homes closed100% of the homes in the plan | 4 of 4 |
| Closingsfirst and latest recorded | Aug 19, 2024 – Nov 5, 2024 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 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 5 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 1 | Aug 19, 2024 | $1,565,000 | — | — |
| 3 | Sep 4, 2024 | $750,000 | — | — |
| 2 | Sep 11, 2024 | $1,350,000one deed, 2 homes | — | — |
| B | Sep 11, 2024 | $1,350,000one deed, 2 homes | — | — |
| 4 | Nov 5, 2024 | $700,000 | — | — |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
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
- Oholei Shloma
- Principals
- Jacob Moskovits
- Tax estimate
- N.C. Caller, P.C.Prepared the first-year real estate tax projection
- Construction lender
- Sym Realty
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Gerry Gardens Condominiumnext door · 5 units · 2024
- 382 Wallabout Street Condominiumnext door · 6 units
- 390 Wallabout Street Condominiumnext door · 3 units · 2014
- 77 Gerry Street Condominiumnext door · 4 units · 2025
- 392 Wallabout Street Condominiumnext door · 3 units · 2014
- 394 Wallabout Street Condominiumnext door · 3 units · 2014