Gerry Gardens Condominium
91 Gerry Street, Brooklyn, NY 11211
Overview
- Units
- 5 residential · 1 commercial
- Subway
- 3 min walk to Lorimer St J MFlushing Av G, 4 min
- Principals
- Moses Karpen
- Offering price
- $21.5 million total
- Floor plans
- Page 23 of the plan
The sponsor of record is Gerry Gardens 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 April 2025. The nearest other condo plan on file is 87 Gerry Street Condominium, next door.
Plan CD240070 · New · accepted Sep 18, 2024 · AG record ↗
Compare
| Figure | This building1 | 96 North 1st25 units · 1.3 miaccepted 2024 | 30 Bartlett36 units · 0.1 miaccepted 2025 |
|---|---|---|---|
| Average Offering PricePer Apartment | $4.3MHighest | $3.18M | $3.08M |
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Unit mix, closings, budgets, finishes and the team, against 96 North 1st and 30 Bartlett, cited to the offering plans. No credit card required.
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- 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 closed80% of the homes in the plan | 4 of 5 |
| Closingsfirst and latest recorded | Sep 25, 2025 – Oct 17, 2025 |
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 4 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 5 | Sep 25, 2025 | $2,596,538 | — | — |
| 3 | Sep 26, 2025 | $2,500,000 | — | — |
| 6 | Sep 30, 2025 | $1,883,763 | — | — |
| 4 | Oct 17, 2025 | $2,647,450 | — | — |
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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.
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
- Gerry Gardens LLC
- Principals
- Moses Karpen
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Parke Bank$8.95 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
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- 396 Wallabout Street Condominiumnext door · 3 units · 2014