THE CONDO BOOK PROJECT

92-94 Penn Street Condominium

92-94 Penn Street, Brooklyn, NY 11249

Overview

Units
4 residential · 1 commercial
Subway
11 min walk to Hewes St J MMarcy Av J M Z, 12 min
Offering price
$4 million total

The sponsor of record is 92-94 Penn LLC, represented by The Law Office Of Jay Lichtman, P.C.. The sponsor has filed 2 amendments, the latest in August 2016. The nearest other condo plan on file is One Wharf Way Condominium, next door.

Plan CD140033 · New · accepted Mar 25, 2015 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan4 of 4
Closingsfirst and latest recordedOct 15, 2016 – Mar 15, 2022

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 5 closings
HomeRecordedClosing priceSchedule ADifference
3Oct 15, 2016$800,000——
2Dec 29, 2016$753,505——
5Mar 30, 2017$661,863——
4Apr 20, 2017$527,062——
1Mar 15, 2022$1,000,000——

Pro

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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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Team

Sponsor
92-94 Penn LLC
Construction lender
Lt NotesLender on the mortgage and building loan agreement recorded March 2012 in ACRIS

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

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