THE CONDO BOOK PROJECT

929 Atlantic Avenue Condominium

929 Atlantic Avenue, Brooklyn, NY 11238

Overview

Units
19 residential
Subway
5 min walk to Clinton-Washington Avs CFranklin Av C S, 9 min
Principals
Boaz Gilad
Average $/sf
$1,059Homes in Schedule A, as first offered
Common charges
$392–$847 a monthSponsor's first-year estimate in Schedule A, December 1, 2018 - November 30, 2019
Offering price
$15 million total

The sponsor of record is Atlantic Brookland LLC, represented by Marans Weisz & Newman LLC. The offering plan runs 318 pages. The nearest other condo plan on file is 927 Atlantic Avenue Condominium, next door.

Plan CD180014 · New · accepted Oct 2, 2018 · AG record ↗

Compare

FigureThis building1Clinton House222 units · 0.9 miaccepted 2017311 Hart310 units · 1.6 miaccepted 2018
Common ChargesPer Square Foot / Month$0.69Above peers$0.61$0.37
Average Offering PricePer Apartment$790,211In line$700,682$821,000
Average PricePer Square Foot$1,059Below peers$1,061$1,069
Property TaxesPer Square Foot / Month$0.58Above peers$0.11$0.56
Average Unit SizeSquare Feet746 SFIn line660 SF768 SF

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Unit mix, closings, budgets, finishes and the team, against Clinton House and 311 Hart, 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.

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
Atlantic Brookland LLC
Principals
Boaz Gilad
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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