THE CONDO BOOK PROJECT

88 Marion Street Condominium

88 Marion Street, Brooklyn, NY 11233

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Overview

Units
8 residential
Subway
3 min walk to Utica Av A CRalph Av C, 8 min
Average $/sf
$950Homes in Schedule A, as first offered
Common charges
$331–$577 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 - June 30, 2022
Offering price
$5.2 million total

The sponsor of record is 88 Marion Street LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 320 pages. The sponsor has filed 6 amendments, the latest in June 2026. The nearest other condo plan on file is 153 Chauncey Street Condominium, 0.1 mi away.

Plan CD200168 · New · accepted May 14, 2021 · AG record ↗

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FigureThis building11226 St. Marks28 units · 0.4 miaccepted 2021689 Quincy38 units · 0.7 miaccepted 2021
Common ChargesPer Square Foot / Month$0.57Above peers$0.52$0.52
Average Offering PricePer Apartment$650,250In line$606,600$756,000
Average PricePer Square Foot$950Below peers$986$1,011
Property TaxesPer Square Foot / Month$0.79Highest$0.31$0.65
Average Unit SizeSquare Feet685 SFIn line615 SF748 SF

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Unit mix, closings, budgets, finishes and the team, against 1226 St. Marks and 689 Quincy, 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 closed63% of the homes in Schedule A5 of 8
Closing prices vs. Schedule A5 homes: $2,918,752 at closing against $3,055,000 in Schedule A (p. 30)−4.5%
Average closing price5 homes, on their Schedule A square feet$888 / SF
Closingsfirst and latest recordedMay 12, 2026 – Jul 8, 2026

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
HomeRecordedClosing priceSchedule ADifference
4AMay 12, 2026$550,000$599,000 p. 30−8.2%
1BMay 14, 2026$763,688$699,000 p. 30+9.3%
2BJun 18, 2026$525,000$579,000 p. 30−9.3%
2AJun 24, 2026$520,000$579,000 p. 30−10.2%
3BJul 8, 2026$560,064$599,000 p. 30−6.5%

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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.

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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
88 Marion Street LLC
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
FM Home LoansLender on the mortgage and building loan agreement recorded March 2021 in ACRIS; $3.44 million recorded

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

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