THE CONDO BOOK PROJECT

19th Avenue Condominium

886 Dahill Road, Brooklyn, NY 11204

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Overview

Units
163 residential
Subway
2 min walk to Avenue I F18 Av F, 6 min
Principals
Bernard Jacobowitz, Joel Braver, David Jacobowitz
Average $/sf
$689Homes in Schedule A, as first offered
Common charges
$214–$1,218 a monthSponsor's first-year estimate in Schedule A, January 2021- December 31, 2021
Offering price
$156.3 million total $181.7 million when first offered

The sponsor of record is 19th Ave Properties LLC, represented by Law Office Of Jay Lichtman P.C.. The offering plan runs 605 pages. The sponsor has filed 3 amendments, the latest in November 2021. The nearest other condo plan on file is 5014 19th Avenue Condominium, 0.1 mi away.

Plan CD190163 · New · accepted Apr 17, 2020 · AG record ↗

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FigureThis building1567 Ocean2108 units · 1.8 miaccepted 2019Saint Marks Place3105 units · 3.9 miaccepted 2020
Common ChargesPer Square Foot / Month$0.33Lowest$0.64$0.85
Average Offering PricePer Apartment$1.11MIn line$677,778$1.73M
Average PricePer Square Foot$689Lowest$928$1,476
Property TaxesPer Square Foot / Month$0.11Lowest$1.01$1.18
Average Unit SizeSquare Feet1,619 SFLargest730 SF1,174 SF

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Unit mix, closings, budgets, finishes and the team, against 567 Ocean and Saint Marks Place, 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 closed39% of the homes in Schedule A64 of 163
Closing prices vs. Schedule A64 homes: $57,688,351 at closing against $78,395,000 in Schedule A (p. 36, p. 37, p. 38)−26.4%
Average closing price64 homes, on their Schedule A square feet$505 / SF
Closingsfirst and latest recordedJan 8, 2021 – Feb 17, 2022

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 64 closings
HomeRecordedClosing priceSchedule ADifference
406Jan 8, 2021$885,878$1,535,000 p. 37−42.3%
602Jan 8, 2021$815,000$715,000 p. 37+14%
806Jan 14, 2021$614,005$955,000 p. 38−35.7%
306Jan 19, 2021$900,000$1,535,000 p. 37−41.4%
103Jan 20, 2021$992,794$1,535,000 p. 36−35.3%
106Jan 20, 2021$995,000$1,535,000 p. 36−35.2%
601Jan 20, 2021$768,779$1,110,000 p. 37−30.7%
402Jan 21, 2021$997,885$1,495,000 p. 37−33.3%
604Jan 21, 2021$819,691$950,000 p. 37−13.7%
805Jan 26, 2021$560,038$935,000 p. 38−40.1%
G03Jan 27, 2021$687,319$750,000 p. 36−8.4%
608Jan 28, 2021$579,384$985,000 p. 37−41.2%
701Jan 28, 2021$835,000$1,100,000 p. 38−24.1%
705Feb 1, 2021$590,585$945,000 p. 38−37.5%
201Feb 2, 2021$985,000$1,290,000 p. 36−23.6%
105Feb 10, 2021$999,000$1,535,000 p. 36−34.9%
808Feb 10, 2021$967,338$965,000 p. 38+0.2%
807Feb 17, 2021$444,975$960,000 p. 38−53.6%
G01Feb 17, 2021$884,859$2,705,000 p. 36−67.3%
802Feb 18, 2021$636,814$705,000 p. 38−9.7%
404Feb 23, 2021$997,885$1,535,000 p. 37−35%
203Feb 24, 2021$1,249,393$1,535,000 p. 36−18.6%
605Feb 24, 2021$573,784$955,000 p. 37−39.9%
G04Feb 24, 2021$987,703$1,015,000 p. 36−2.7%
607Feb 25, 2021$630,000$975,000 p. 37−35.4%
104Mar 1, 2021$997,885$1,535,000 p. 36−35%
204Mar 1, 2021$992,500$1,535,000 p. 36−35.3%
801Mar 2, 2021$809,509$1,095,000 p. 38−26.1%
603Mar 3, 2021$834,965$905,000 p. 37−7.7%
206Mar 4, 2021$916,425$1,535,000 p. 36−40.3%
706Mar 4, 2021$552,910$960,000 p. 38−42.4%
G05Mar 4, 2021$1,150,623$1,020,000 p. 36+12.8%
707Mar 8, 2021$597,030$965,000 p. 38−38.1%
G07Mar 8, 2021$764,961$1,025,000 p. 36−25.4%
704Mar 9, 2021$848,711$940,000 p. 38−9.7%
503Mar 10, 2021$967,338$1,525,000 p. 37−36.6%
G06Mar 10, 2021$992,794$750,000 p. 36+32.4%
202Mar 18, 2021$1,272,813$1,495,000 p. 36−14.9%
803Mar 23, 2021$952,064$885,000 p. 38+7.6%
301Mar 25, 2021$980,000$1,290,000 p. 36−24%
403Mar 25, 2021$997,885$1,535,000 p. 37−35%
506Mar 25, 2021$885,000$1,525,000 p. 37−42%
G02Apr 12, 2021$899,750$990,000 p. 36−9.1%
303Apr 13, 2021$1,168,442$1,535,000 p. 37−23.9%
804Apr 14, 2021$605,859$930,000 p. 38−34.9%
703Apr 16, 2021$975,000$895,000 p. 38+8.9%
102Apr 19, 2021$999,000$1,495,000 p. 36−33.2%
205Apr 19, 2021$980,000$1,535,000 p. 36−36.2%
305Apr 21, 2021$999,999$1,535,000 p. 37−34.9%
302May 20, 2021$999,000$1,495,000 p. 36−33.2%
606May 25, 2021$537,840$970,000 p. 37−44.6%
504Jun 8, 2021$997,885$1,525,000 p. 37−34.6%
405Jun 17, 2021$1,265,000$1,535,000 p. 37−17.6%
101Jul 21, 2021$980,000$1,290,000 p. 36−24%
609Jul 29, 2021$978,738$1,040,000 p. 38−5.9%
709Jul 29, 2021$978,738$1,030,000 p. 38−5%
304Aug 10, 2021$1,405,185$1,535,000 p. 37−8.5%
702Aug 12, 2021$807,500$710,000 p. 38+13.7%
708Aug 30, 2021$579,384$975,000 p. 38−40.6%
501Sep 2, 2021$1,350,000$1,280,000 p. 37+5.5%
401Sep 13, 2021$1,350,000$1,290,000 p. 37+4.7%
505Dec 17, 2021$999,000$1,525,000 p. 37−34.5%
502Dec 23, 2021$999,000$1,485,000 p. 37−32.7%
809Feb 17, 2022$921,516$1,020,000 p. 38−9.7%

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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
19th Ave Properties LLC
Principals
Bernard Jacobowitz, Joel Braver, David Jacobowitz
Tax estimate
Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection
Construction lender
Popular Bank$70 million recorded

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

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