948 Myrtle Avenue Condominium
940 Myrtle Ave,256 Throop Ave,205 Vernon Ave, Brooklyn, NY 11206
Overview
- Units
- 77 residential · 24 parking · 1 commercial
- Subway
- 6 min walk to Myrtle-Willoughby Avs GFlushing Av J M, 10 min
- Developer
- Cornell Realty Management
- Principals
- Yitzchok Schwartz
- Offering price
- $83.7 million total
- Floor plans
- Page 28 of the plan
The sponsor of record is Cornell Myrtle LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 457 pages. The sponsor has filed 3 amendments, the latest in February 2022. The nearest other condo plan on file is 257 Throop Avenue Condominium, next door.
Plan CD190135 · New · accepted Jun 12, 2020 · AG record ↗
Compare
| Figure | This building1 | Cascade D239 units · 0.3 miaccepted 2020 | Cascade E340 units · 0.3 miaccepted 2020 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.09MHighest | $913,250 | $893,133 |
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Unit mix, closings, budgets, finishes and the team, against Cascade D and Cascade E, cited to the offering plans. No credit card required.
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- 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 closed62% of the homes in the plan | 48 of 77 |
| Closingsfirst and latest recorded | Nov 2, 2021 – Oct 31, 2024 |
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 48 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 8D | Nov 2, 2021 | $624,900 | — | — |
| 4C | Nov 9, 2021 | $846,650 | — | — |
| 8E | Nov 9, 2021 | $992,450 | — | — |
| 3B | Nov 15, 2021 | $803,850 | — | — |
| 4B | Nov 17, 2021 | $953,809one deed, 2 homes | — | — |
| 4D | Nov 17, 2021 | $814,200 | — | — |
| 3E | Nov 18, 2021 | $999,999 | — | — |
| 5D | Nov 22, 2021 | $759,000 | — | — |
| 2A | Nov 29, 2021 | $1,392,025 | — | — |
| 6E | Dec 1, 2021 | $819,850 | — | — |
| 7A | Dec 1, 2021 | $990,000 | — | — |
| 3D | Dec 8, 2021 | $1,257,372 | — | — |
| 2C | Dec 9, 2021 | $1,081,550 | — | — |
| 8C | Dec 9, 2021 | $827,550 | — | — |
| 9D | Dec 9, 2021 | $624,900 | — | — |
| 5C | Dec 13, 2021 | $995,000 | — | — |
| 5E | Dec 15, 2021 | $990,000 | — | — |
| 3C | Dec 23, 2021 | $1,289,397 | — | — |
| 2B | Dec 29, 2021 | $846,700 | — | — |
| 7B | Dec 29, 2021 | $826,810 | — | — |
| 7D | Dec 29, 2021 | $1,219,000one deed, 2 homes | — | — |
| 4A | Dec 30, 2021 | $1,298,935 | — | — |
| 8A | Dec 30, 2021 | $980,000 | — | — |
| 9C | Dec 30, 2021 | $861,000 | — | — |
| 7C | Jan 5, 2022 | $837,000 | — | — |
| 5B | Jan 6, 2022 | $704,641 | — | — |
| 2E | Jan 10, 2022 | $1,360,600 | — | — |
| 6D | Jan 12, 2022 | $853,406 | — | — |
| 2D | Feb 2, 2022 | $850,000 | — | — |
| 4E | Feb 2, 2022 | $920,000 | — | — |
| 5A | Feb 10, 2022 | $980,000 | — | — |
| 6B | Feb 16, 2022 | $699,000 | — | — |
| 6C | Feb 16, 2022 | $990,000 | — | — |
| 9B | Feb 17, 2022 | $980,820 | — | — |
| 8B | Mar 29, 2022 | $908,700 | — | — |
| 7E | Mar 30, 2022 | $1,080,000 | — | — |
| 6A | May 31, 2022 | $910,000 | — | — |
| 3A | Jun 29, 2022 | $945,000 | — | — |
| 9A | Jul 18, 2022 | $1,152,000 | — | — |
| 1E | Jul 27, 2022 | $236,801 | — | — |
| 1A | Dec 8, 2022 | $298,351 | — | — |
| 4F | Jan 12, 2023 | $206,534 | — | — |
| 1C | May 10, 2023 | $209,493 | — | — |
| 3F | May 24, 2023 | $203,682 | — | — |
| 9E | Jul 5, 2023 | $1,201,900 | — | — |
| C1 | Jul 18, 2023 | $9,000,000 | — | — |
| 1F | Jan 8, 2024 | $207,402 | — | — |
| 2F | Oct 31, 2024 | $207,124 | — | — |
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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.
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
- Cornell Myrtle LLC
- Developer
- Cornell Realty ManagementReported by commercialobserver.com
- Principals
- Yitzchok Schwartz
- Tax estimate
- Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Popular BankLender on the mortgage and building loan agreement recorded December 2019 in ACRIS; $55.4 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 257 Throop Avenue Condominiumnext door · 4 units · 2020
- 231 Vernon Condominiumnext door · 2 units
- 976 Myrtle Avenue Condominiumnext door · 8 units · 2009
- 233 Vernon Condominiumnext door · 2 units
- 616 Willoughby Avenue Condominium0.1 mi · 13 units · 7 parking · 2009
- 189 Hart Street Condominium0.1 mi · 6 units