955 Residences A/K/A 955 50th Street
955 50th Street, Brooklyn, NY 11219
Overview
- Units
- 5 residential · 4 parking · 1 commercial
- Subway
- 7 min walk to 50 St DFort Hamilton Pkwy D, 8 min
- Principals
- Eric Miller
- Offering price
- $1.12 million total $5.35 million when first offered
- Floor plans
- Page 23 of the plan
The sponsor of record is 955 50 St LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.. The offering plan runs 319 pages. The sponsor has filed 2 amendments, the latest in November 2022. The nearest other condo plan on file is 953 Residences, next door.
Plan CD200242 · New · accepted Oct 24, 2022 · AG record ↗
Compare
| Figure | This building1 | 1269 38th24 units · 0.8 miaccepted 2022 | 241 16th36 units · 1.9 miaccepted 2022 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.07MAbove peers | $887,500 | $1.02M |
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Unit mix, closings, budgets, finishes and the team, against 1269 38th and 241 16th, 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 closed100% of the homes in the plan | 5 of 5 |
| Closingsfirst and latest recorded | Feb 7, 2023 – Jul 6, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Jan 31, 2024: 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 5 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2 | Feb 7, 2023 | $1,155,000one deed, 2 homes | — | — |
| 3 | Mar 14, 2023 | $1,100,000 | — | — |
| 4 | Mar 17, 2023 | $1,100,000 | — | — |
| 1 | May 30, 2023 | $1,100,000 | — | — |
| 5 | Jul 6, 2023 | $750,000one deed, 2 homes | — | — |
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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
- 955 50 St LLC
- Principals
- Eric Miller
- Tax estimate
- Empire Consulting Service, IncPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 953 Residencesnext door · 5 units · 4 parking
- 960 50th Street Condominiumnext door · 8 units · 2010
- Golden Garden Condominiumnext door · 8 units · 2022
- Terrace On The Tenth Condominiumnext door · 8 units · 2006
- 5104 10th Avenue Condominiumnext door · 4 units · 2019
- Lucky Group Condominiumnext door · 6 units · 2 parking · 2017