THE CONDO BOOK PROJECT

945 Bedford Avenue Condominium

945 Bedford Avenue, Brooklyn, NY 11205

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Overview

Units
2 residential
Subway
3 min walk to Bedford-Nostrand Avs GClasson Av G, 8 min
Principals
Devorah Klein
Average $/sf
$445Homes in Schedule A, as first offered
Common charges
$472 a monthSponsor's first-year estimate in Schedule A, 9/1/2022 - 8/31/2023
Offering price
$1.3 million total

The sponsor of record is Devorah Klein, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 300 pages. The nearest other condo plan on file is 939 Bedford Avenue Condominium, next door.

Plan CD220002 · Rehab · accepted May 20, 2022 · AG record ↗

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FigureThis building1388 Washington22 units · 0.6 miaccepted 2022Rose Tree Condo Association33 units · 0.2 miaccepted 2024
Common ChargesPer Square Foot / Month$0.16Lowest$0.25$0.24
Average Offering PricePer Apartment$1.3MIn line$3.77M$1.27M
Average PricePer Square Foot$445Lowest$1,103$788
Property TaxesPer Square Foot / Month$0.15Lowest$0.47$0.47
Average Unit SizeSquare Feet2,732 SFIn line3,423 SF1,607 SF

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Unit mix, closings, budgets, finishes and the team, against 388 Washington and Rose Tree Condo Association, 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 closed50% of the homes in Schedule A1 of 2
Closing prices vs. Schedule A1 home: $1,300,000 at closing against $1,300,000 in Schedule A (p. 33)0%
Average closing price1 home, on their Schedule A square feet$445 / SF
Closingsfirst and latest recordedMar 15, 2023

Sales recorded with the Department of Finance (ACRIS) through Dec 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 1 closings
HomeRecordedClosing priceSchedule ADifference
2Mar 15, 2023$1,300,000$1,300,000 p. 330%

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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
Devorah Klein
Principals
Devorah Klein
Tax estimate
Empire Consulting Service, IncPrepared the first-year real estate tax projection

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

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