THE CONDO BOOK PROJECT

Cascade D Condominium

92 Stockton Street, Brooklyn, NY 11206

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Overview

Units
39 residential · 3 commercial
Subway
1 min walk to Myrtle-Willoughby Avs GFlushing Av G, 6 min
Principals
Abraham Brach, Andor Deutsch, Max Lebowitz
Average $/sf
$650Homes in Schedule A, as first offered
Common charges
$246–$987 a monthSponsor's first-year estimate in Schedule A, July 1, 2020- June 30, 2021
Offering price
$41 million total $35.6 million when first offered

The sponsor of record is Cascade 553 LLC, represented by Law Firm Of Jay Lichtman P.C.. The offering plan runs 460 pages. The sponsor has filed 5 amendments, the latest in April 2022. The nearest other condo plan on file is Cascade E Condominium, next door.

Plan CD190203 · New · accepted Feb 7, 2020 · AG record ↗

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FigureThis building1Cascade E240 units · 0 miaccepted 2020Willart320 units · 0.4 miaccepted 2020
Common ChargesPer Square Foot / Month$0.32In line$0.32$0.61
Average Offering PricePer Apartment$913,250Above peers$893,133$795,500
Average PricePer Square Foot$650In line$650$1,003
Property TaxesPer Square Foot / Month$0.03In line$0.02$0.99
Average Unit SizeSquare Feet1,405 SFLarger1,374 SF793 SF

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Unit mix, closings, budgets, finishes and the team, against Cascade E and Willart, 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 A39 of 39
Closing prices vs. Schedule A39 homes: $35,809,527 at closing against $35,616,750 in Schedule A (p. 45)+0.5%
Average closing price39 homes, on their Schedule A square feet$654 / SF
Closingsfirst and latest recordedJan 5, 2021 – Jan 18, 2022

Sales recorded with the Department of Finance (ACRIS) through Aug 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 39 closings
HomeRecordedClosing priceSchedule ADifference
5AJan 5, 2021$984,853$965,250 p. 45+2%
6AJan 27, 2021$984,853$965,250 p. 45+2%
3EFeb 9, 2021$985,513$967,850 p. 45+1.8%
3AFeb 24, 2021$984,851$965,250 p. 45+2%
4EMar 4, 2021$985,513$967,850 p. 45+1.8%
6EMar 4, 2021$985,513$967,850 p. 45+1.8%
9CMar 8, 2021$923,960$898,950 p. 45+2.8%
4DMar 10, 2021$823,359$782,600 p. 45+5.2%
3CMar 18, 2021$906,090$889,850 p. 45+1.8%
4BMar 22, 2021$992,794$939,900 p. 45+5.6%
5BMar 24, 2021$958,378$939,900 p. 45+2%
2DMar 25, 2021$997,885$1,863,550 p. 45−46.5%
6BMar 25, 2021$958,378$939,900 p. 45+2%
9DApr 19, 2021$474,552$447,200 p. 45+6.1%
3DApr 21, 2021$823,359$782,600 p. 45+5.2%
4AApr 21, 2021$997,885$965,250 p. 45+3.4%
4CApr 21, 2021$906,090$889,850 p. 45+1.8%
6CApr 22, 2021$955,000$889,850 p. 45+7.3%
6DApr 22, 2021$808,600$782,600 p. 45+3.3%
5DApr 26, 2021$808,600$782,600 p. 45+3.3%
7DApr 26, 2021$827,990$782,600 p. 45+5.8%
2BApr 27, 2021$958,378$939,900 p. 45+2%
5CMay 4, 2021$889,850$889,850 p. 450%
5EMay 6, 2021$967,850$967,850 p. 450%
7CMay 12, 2021$906,090$889,850 p. 45+1.8%
8DJun 8, 2021$827,991$782,600 p. 45+5.8%
2AJun 23, 2021$997,885$965,250 p. 45+3.4%
9BJun 28, 2021$812,558$737,100 p. 45+10.2%
8CJul 8, 2021$938,216$889,850 p. 45+5.4%
8AJul 20, 2021$857,570$965,250 p. 45−11.2%
9EJul 20, 2021$914,592$857,350 p. 45+6.7%
7BSep 9, 2021$997,885$939,900 p. 45+6.2%
7ASep 14, 2021$997,885$965,250 p. 45+3.4%
2CSep 17, 2021$997,885$889,850 p. 45+12.1%
3BOct 7, 2021$958,378$939,900 p. 45+2%
9AOct 7, 2021$821,728$744,900 p. 45+10.3%
8BNov 16, 2021$997,885$939,900 p. 45+6.2%
8EDec 15, 2021$997,885$967,850 p. 45+3.1%
7EJan 18, 2022$895,000$967,850 p. 45−7.5%

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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
Cascade 553 LLC
Principals
Abraham Brach, Andor Deutsch, Max Lebowitz
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Madison Realty Capital$1.8 million recorded

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

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