THE CONDO BOOK PROJECT

Green Bushwick Condominium

925 Bushwick Avenue, Brooklyn, NY 11221

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Overview

Units
8 residential
Subway
6 min walk to Kosciuszko St JGates Av J Z, 6 min
Principals
David Sayag
Average $/sf
$1,052Homes in Schedule A, as first offered
Common charges
$212–$414 a monthSponsor's first-year estimate in Schedule A, July 1, 2021 To June 30, 2022
Offering price
$4.7 million total

The sponsor of record is Partner 145b LLC, represented by Mekhtiyev Law Firm. The offering plan runs 271 pages. The nearest other condo plan on file is 923 Bushwick Avenue Condominium, next door.

Plan CD200259 · New · accepted May 4, 2021 · AG record ↗

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FigureThis building1832 Monroe27 units · 0.3 miaccepted 2021676 Halsey37 units · 0.6 miaccepted 2021
Common ChargesPer Square Foot / Month$0.47In line$0.53$0.47
Average Offering PricePer Apartment$588,000Below peers$638,429$689,857
Average PricePer Square Foot$1,052In line$1,019$1,066
Property TaxesPer Square Foot / Month$1.03Highest$0.63$0.73
Average Unit SizeSquare Feet559 SFSmaller627 SF647 SF

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Unit mix, closings, budgets, finishes and the team, against 832 Monroe and 676 Halsey, 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 closed75% of the homes in Schedule A6 of 8
Closing prices vs. Schedule A6 homes: $3,650,625 at closing against $3,386,000 in Schedule A (p. 39)+7.8%
Average closing price6 homes, on their Schedule A square feet$1,181 / SF
Closingsfirst and latest recordedJan 6, 2022 – Feb 25, 2022

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2025: 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 6 closings
HomeRecordedClosing priceSchedule ADifference
3RJan 6, 2022$755,625$519,000 p. 39+45.6%
2RJan 25, 2022$445,000$519,000 p. 39−14.3%
3FFeb 1, 2022$810,000$519,000 p. 39+56.1%
1FFeb 2, 2022$460,000$475,000 p. 39−3.2%
1RFeb 10, 2022$720,000$835,000 p. 39−13.8%
2FFeb 25, 2022$460,000$519,000 p. 39−11.4%

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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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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
Partner 145b LLC
Principals
David Sayag
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

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

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