THE CONDO BOOK PROJECT

906 Prospect Place Condominium

906 Prospect Place, Brooklyn, NY 11213

Overview

Units
19 residential · 10 parking
Subway
10 min walk to Nostrand Av 3Kingston Av 3, 12 min
Offering price
$22.2 million total $24.8 million when first offered

The sponsor of record is Drk Prospect Place LLC, represented by Phillips Nizer LLP. The sponsor has filed 4 amendments, the latest in April 2021. The nearest other condo plan on file is 825 Prospect Place Condominium, 0.1 mi away.

Plan CD180027 · New · accepted Jan 9, 2019 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan19 of 19
Closingsfirst and latest recordedMay 27, 2020 – Apr 25, 2022

Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2024: 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 22 closings
HomeRecordedClosing priceSchedule ADifference
2BMay 27, 2020$750,000——
4BJun 4, 2020$770,000——
PHAJun 17, 2020$1,560,000one deed, 2 homes——
3BJul 14, 2020$750,000——
1AJul 23, 2020$475,000one deed, 2 homes——
3CJul 29, 2020$750,000——
2EOct 19, 2020$930,000one deed, 2 homes——
2DOct 30, 2020$950,000one deed, 2 homes——
3AJan 27, 2021$707,809——
PHBMar 29, 2021$1,420,000one deed, 2 homes——
4AMay 6, 2021$715,000——
2AMay 7, 2021$735,000one deed, 2 homes——
1DJun 21, 2021$962,246one deed, 2 homes——
1CAug 5, 2021$1,350,000one deed, 2 homes——
1BSep 2, 2021$1,160,000one deed, 2 homes——
2CSep 9, 2021$666,954——
4DSep 15, 2021$1,030,000——
3ESep 24, 2021$999,000——
3DJan 18, 2022$1,008,924——
4CFeb 2, 2022$695,000——
PHCApr 14, 2022$645,000——
4EApr 25, 2022$1,008,116——

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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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Team

Sponsor
Drk Prospect Place LLC
Construction lender
Bank HapoalimLender on the mortgage and building loan agreement recorded March 2016 in ACRIS; $4.1 million recorded

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

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