THE CONDO BOOK PROJECT

94-96 Skillman Street Condominium

94-96 Skillman Street, Brooklyn, NY 11205

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Overview

Units
12 residential
Subway
10 min walk to Myrtle-Willoughby Avs GBedford-Nostrand Avs G, 10 min
Principals
Donny Kanovsky
Average $/sf
$235Homes in Schedule A, as first offered
Common charges
$145–$198 a monthSponsor's first-year estimate in Schedule A, twelve-month period beginning July 1, 2004
Offering price
$4.07 million total

The sponsor of record is Donmar Development LLC, represented by Berger & Sklaw LLP. The offering plan runs 192 pages. The sponsor has filed 1 amendment, the latest in November 2004. The nearest other condo plan on file is 98-100 Skillman Street Condominium, next door.

Plan CD040033 · New · accepted Jun 25, 2004 · AG record ↗

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FigureThis building1227 Maujer28 units · 1.4 miaccepted 200588 Conselyea38 units · 1.4 miaccepted 2004
Common ChargesPer Square Foot / Month$0.11Lowest$0.27$0.19
Average Offering PricePer Apartment$339,167Below peers$395,000$579,063
Average PricePer Square Foot$235Lowest$419$632
Property TaxesPer Square Foot / Month$0.02In line$0.02$0.02
Average Unit SizeSquare Feet1,446 SFLargest943 SF916 SF

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Unit mix, closings, budgets, finishes and the team, against 227 Maujer and 88 Conselyea, 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 A12 of 12
Closing prices vs. Schedule A12 homes: $3,511,482 at closing against $4,070,000 in Schedule A (p. 19)−13.7%
Average closing price12 homes, on their Schedule A square feet$202 / SF
Closingsfirst and latest recordedJan 31, 2005 – Aug 31, 2005

Sales recorded with the Department of Finance (ACRIS) through Jun 30, 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 12 closings
HomeRecordedClosing priceSchedule ADifference
3AJan 31, 2005$263,640$305,000 p. 19−13.6%
4AFeb 2, 2005$263,640$305,000 p. 19−13.6%
6AFeb 17, 2005$294,060$450,000 p. 19−34.7%
2BMar 10, 2005$263,640$305,000 p. 19−13.6%
5AMar 18, 2005$263,640$305,000 p. 19−13.6%
2AApr 4, 2005$294,060$305,000 p. 19−3.6%
4BApr 4, 2005$309,270$305,000 p. 19+1.4%
1BApr 7, 2005$292,032$350,000 p. 19−16.6%
1AApr 13, 2005$385,320$380,000 p. 19+1.4%
6BMay 26, 2005$294,060$450,000 p. 19−34.7%
3BAug 4, 2005$294,060$305,000 p. 19−3.6%
5BAug 31, 2005$294,060$305,000 p. 19−3.6%

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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
Donmar Development LLC
Principals
Donny Kanovsky
Tax estimate
Moseson & AssociatesPrepared the first-year real estate tax projection

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

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