THE CONDO BOOK PROJECT

88 Lexington Avenue Condominium

88 Lexington Avenue, Brooklyn, NY 11238

Overview

Units
8 residential
Subway
4 min walk to Classon Av GBedford-Nostrand Avs G, 7 min
Offering price
$8.06 million total $7.27 million when first offered

The sponsor of record is 88 Lexington Ave Realty LLC, represented by Schwartz Sladkus Greenberg Atlans LLP. The sponsor has filed 4 amendments, the latest in March 2021. The nearest other condo plan on file is 95 Lexington Avenue Condominium, next door.

Plan CD180197 · New · accepted Dec 18, 2018 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan8 of 8
Closingsfirst and latest recordedSep 30, 2020 – Oct 22, 2020

Sales recorded with the Department of Finance (ACRIS) through Jan 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 8 closings
HomeRecordedClosing priceSchedule ADifference
2ASep 30, 2020$783,034——
3BSep 30, 2020$920,000——
1AOct 2, 2020$1,145,000——
3AOct 2, 2020$911,334——
1BOct 9, 2020$1,196,444——
PHAOct 19, 2020$975,000——
PHBOct 20, 2020$995,000——
2BOct 22, 2020$925,000——

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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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Team

Sponsor
88 Lexington Ave Realty LLC
Construction lender
KeyBankLender on the mortgage and building loan agreement recorded December 2018 in ACRIS; $4.38 million recorded

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

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