89 Douglass Street Condominium
89 Douglass Street, Brooklyn, NY 11231
Overview
- Units
- 4 residential
- Subway
- 5 min walk to Bergen St F GCarroll St F G, 5 min
- Principals
- Carlos Saavedra
- Average $/sf
- $1,789Homes in Schedule A, as first offered
- Offering price
- $9.9 million total
- Floor plans
- Pages 228–231 of the plan
The sponsor of record is 89 Douglass Condominium, LLC, represented by Marans Newman Tsolis & Nazinitsky LLC. The offering plan runs 305 pages. The sponsor has filed 2 amendments, the latest in October 2023. The nearest other condo plan on file is Douglass Gardens Condominium, next door.
Plan CD220120 · Rehab · accepted Mar 10, 2023 · AG record ↗
Compare
| Figure | This building1 | 85 Douglass24 units · 0 miaccepted 2023 | 123 Sixth34 units · 0.9 miaccepted 2023 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.27Lowest | $0.45 | $0.36 |
| Average Offering PricePer Apartment | $2.47MIn line | $2.3M | $2.76M |
| Average PricePer Square Foot | $1,789In line | $1,674 | $1,794 |
| Average Unit SizeSquare Feet | 1,383 SFIn line | 1,376 SF | 1,539 SF |
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Unit mix, closings, budgets, finishes and the team, against 85 Douglass and 123 Sixth, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 4 of 4 |
| Closing prices vs. Schedule A4 homes: $9,916,116 at closing against $9,899,000 in Schedule A (p. 48) | +0.2% |
| Average closing price4 homes, on their Schedule A square feet | $1,793 / SF |
| Closingsfirst and latest recorded | Jun 27, 2023 – Sep 5, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Oct 31, 2023: 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 4 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2 | Jun 27, 2023 | $2,250,000 | $2,249,000 p. 48 | +0% |
| 3 | Jun 27, 2023 | $2,367,431 | $2,350,000 p. 48 | +0.7% |
| 4 | Jul 10, 2023 | $2,396,672 | $2,350,000 p. 48 | +2% |
| 1 | Sep 5, 2023 | $2,902,013 | $2,950,000 p. 48 | −1.6% |
Pro
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
- 89 Douglass Condominium, LLC
- Principals
- Carlos Saavedra
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- S3 Capital$4.3 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Douglass Gardens Condominiumnext door · 5 units · 2006
- 85 Douglass Street Condominiumnext door · 4 units · 2023
- 97 Douglass Street Condominiumnext door · 3 units · 2015
- 99 Douglass Street Condominiumnext door · 3 units · 2020
- 101 Douglass Street Condominiumnext door · 3 units · 2022
- 103 Douglass Street Condominiumnext door · 3 units · 2020