THE CONDO BOOK PROJECT

904 Bedford Avenue Condominium

904 Bedford Avenue, Brooklyn, NY 11205

Overview

Units
18 residential
Subway
6 min walk to Bedford-Nostrand Avs GMyrtle-Willoughby Avs G, 9 min
Principals
Bernard Jacobowitz, Joel Braver, Yoel Jacobowitz
Average $/sf
$889Homes in Schedule A, as first offered
Common charges
$217–$490 a monthSponsor's first-year estimate in Schedule A, April 1, 2023- March 31, 2024
Offering price
$15.6 million total

The sponsor of record is Bedford Star LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 346 pages. The sponsor has filed 2 amendments, the latest in May 2023. The nearest other condo plan on file is 908 Bedford Avenue Condominium, next door.

Plan CD220092 · Rehab · accepted Jan 5, 2023 · AG record ↗

Compare

FigureThis building1Bleecker Street Gardens220 units · 1.7 miaccepted 202316 Monroe Place39 units · 1.9 miaccepted 2023
Common ChargesPer Square Foot / Month$0.36Lowest$0.90$0.73
Average Offering PricePer Apartment$866,602In line$818,650$1.43M
Average PricePer Square Foot$889Lowest$1,208$1,461
Property TaxesPer Square Foot / Month$0.05Lowest$1.14$0.95
Average Unit SizeSquare Feet975 SFIn line678 SF981 SF

Free Account

See the Full Comp

Unit mix, closings, budgets, finishes and the team, against Bleecker Street Gardens and 16 Monroe Place, cited to the offering plans. No credit card required.

Create a free account
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 closed100% of the homes in Schedule A18 of 18
Closing prices vs. Schedule A18 homes: $13,194,620 at closing against $15,598,840 in Schedule A (p. 37)−15.4%
Average closing price18 homes, on their Schedule A square feet$752 / SF
Closingsfirst and latest recordedApr 4, 2023 – Nov 6, 2023

Sales recorded with the Department of Finance (ACRIS) through Jul 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 18 closings
HomeRecordedClosing priceSchedule ADifference
5AApr 4, 2023$784,053$920,000 p. 37−14.8%
4AMay 18, 2023$770,000$920,000 p. 37−16.3%
6BMay 22, 2023$770,000$894,000 p. 37−13.9%
6AJun 1, 2023$785,000$890,000 p. 37−11.8%
8BJun 1, 2023$650,000$750,000 p. 37−13.3%
7BJun 6, 2023$646,589$756,840 p. 37−14.6%
2BJun 14, 2023$784,053$920,000 p. 37−14.8%
4BJun 14, 2023$765,000$920,000 p. 37−16.8%
7AJun 14, 2023$646,589$748,000 p. 37−13.6%
9BJun 14, 2023$475,000$590,000 p. 37−19.5%
8AJun 28, 2023$641,498$750,000 p. 37−14.5%
5BJul 3, 2023$845,148$920,000 p. 37−8.1%
3BJul 10, 2023$784,053$920,000 p. 37−14.8%
1AJul 13, 2023$997,885$1,120,000 p. 37−10.9%
2AAug 1, 2023$784,053$920,000 p. 37−14.8%
3AAug 31, 2023$784,053$920,000 p. 37−14.8%
1BOct 20, 2023$800,000$1,150,000 p. 37−30.4%
9ANov 6, 2023$481,650$590,000 p. 37−18.4%

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

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
Bedford Star LLC
Principals
Bernard Jacobowitz, Joel Braver, Yoel Jacobowitz
Tax estimate
Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection
Construction lender
Investors Bank

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

Nearby