THE CONDO BOOK PROJECT

906 Bergen Street Condominium

906 Bergen Street, Brooklyn, NY 11238

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Overview

Units
18 residential
Subway
6 min walk to Park Pl SFranklin Av C S, 8 min
Principals
Itzhak Dana
Average $/sf
$1,311Homes in Schedule A, as first offered
Common charges
$164–$449 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 To June 30, 2022
Offering price
$19.1 million total $19.1 million when first offered

The sponsor of record is 906 Bergen Street LLC, represented by Eial Girtz, PC. The offering plan runs 268 pages. The sponsor has filed 3 amendments, the latest in February 2022. The nearest other condo plan on file is 892 Bergen Street Condominium, next door.

Plan CD200173 · New · accepted Mar 9, 2021 · AG record ↗

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FigureThis building1552 Prospect Place222 units · 0.1 miaccepted 2020197 Quincy310 units · 0.7 miaccepted 2021
Common ChargesPer Square Foot / Month$0.30Below peers$0.40$0.33
Average Offering PricePer Apartment$1.06MIn line$1.26M$935,000
Average PricePer Square Foot$1,311Below peers$1,344$1,333
Property TaxesPer Square Foot / Month$0.88In line$1.01$0.65
Average Unit SizeSquare Feet808 SFIn line937 SF701 SF

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Unit mix, closings, budgets, finishes and the team, against 552 Prospect Place and 197 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 closed100% of the homes in Schedule A18 of 18
Closing prices vs. Schedule A18 homes: $18,508,487 at closing against $19,050,000 in Schedule A (p. 37)−2.8%
Average closing price18 homes, on their Schedule A square feet$1,273 / SF
Closingsfirst and latest recordedNov 5, 2021 – Apr 22, 2022

Sales recorded with the Department of Finance (ACRIS) through Jun 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 18 closings
HomeRecordedClosing priceSchedule ADifference
4ANov 5, 2021$806,291$800,000 p. 37+0.8%
2ANov 12, 2021$769,000$750,000 p. 37+2.5%
7ANov 12, 2021$1,573,196$1,600,000 p. 37−1.7%
1ANov 18, 2021$1,295,000$1,350,000 p. 37−4.1%
2BNov 18, 2021$699,000$800,000 p. 37−12.6%
5ANov 22, 2021$1,299,000$1,300,000 p. 37−0.1%
3ANov 23, 2021$779,000$800,000 p. 37−2.6%
3CNov 23, 2021$799,000$800,000 p. 37−0.1%
1BDec 3, 2021$1,525,000$1,600,000 p. 37−4.7%
6AJan 5, 2022$1,335,000$1,350,000 p. 37−1.1%
3BFeb 15, 2022$779,000$800,000 p. 37−2.6%
5BFeb 23, 2022$1,220,000$1,250,000 p. 37−2.4%
2CMar 7, 2022$795,000$800,000 p. 37−0.6%
6BMar 11, 2022$1,235,000$1,250,000 p. 37−1.2%
8AMar 16, 2022$845,000$950,000 p. 37−11.1%
7BMar 25, 2022$1,145,000$1,250,000 p. 37−8.4%
4CApr 6, 2022$825,000$800,000 p. 37+3.1%
4BApr 22, 2022$785,000$800,000 p. 37−1.9%

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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
906 Bergen Street LLC
Principals
Itzhak Dana
Tax estimate
Tuchman, Korngold, Weiss, Liebman & Lindemann, LLPPrepared the first-year real estate tax projection

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

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