THE CONDO BOOK PROJECT

935 Lafayette Avenue Condominium

935 Lafayette Avenue, Brooklyn, NY 11221

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Overview

Units
4 residential
Subway
8 min walk to Kosciuszko St JMyrtle Av J M Z, 9 min
Principals
Shahriar Homapour, Igal Reihanian
Average $/sf
$1,039Homes in Schedule A, as first offered
Common charges
$707–$898 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 -June 30, 2026
Offering price
$5.15 million total $4.25 million when first offered

The sponsor of record is Rutland Road, LLC, represented by The Law Office Of Jay Lichtman, P.C.. The offering plan runs 327 pages. The sponsor has filed 2 amendments, the latest in April 2026. The nearest other condo plan on file is 933 Lafayette Condominium, next door.

Plan CD240245 · Rehab · accepted Mar 31, 2025 · AG record ↗

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FigureThis building1Sasoon24 units · 1.1 miaccepted 2025The 140 Moffat Street35 units · 1.5 miaccepted 2025
Common ChargesPer Square Foot / Month$0.74Above peers$0.52$0.69
Average Offering PricePer Apartment$1.06MAbove peers$991,250$851,800
Average PricePer Square Foot$1,039In line$971$1,058
Property TaxesPer Square Foot / Month$0.46In line$0.70$0.38
Average Unit SizeSquare Feet1,022 SFLarger1,021 SF805 SF

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Unit mix, closings, budgets, finishes and the team, against Sasoon and The 140 Moffat Street, 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 A4 of 4
Closing prices vs. Schedule A4 homes: $3,884,774 at closing against $4,250,000 in Schedule A (p. 31)−8.6%
Average closing price4 homes, on their Schedule A square feet$950 / SF
Closingsfirst and latest recordedJun 15, 2026 – Jun 18, 2026

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
HomeRecordedClosing priceSchedule ADifference
1Jun 15, 2026$1,150,000$1,250,000 p. 31−8%
2Jun 15, 2026$910,000$1,000,000 p. 31−9%
3Jun 16, 2026$893,076$1,000,000 p. 31−10.7%
4Jun 18, 2026$931,699$1,000,000 p. 31−6.8%

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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
Rutland Road, LLC
Principals
Shahriar Homapour, Igal Reihanian
Tax estimate
RE Tax ServicePrepared the first-year real estate tax projection

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

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