THE CONDO BOOK PROJECT

96 16th Street Condominium

96 16th Street, Brooklyn, NY 11215

Overview

Units
4 residential
Subway
2 min walk to Prospect Av R4 Av-9 St F G R, 7 min
Principals
Jorge Mastropietro, Anish Karyat, Carolina Garcia Paris, Pedro Moreno-Mengibar
Average $/sf
$1,300Homes in Schedule A, as first offered
Offering price
$6.31 million total

The sponsor of record is 96-16th Street LLC, represented by Sichenzia Ross Ference LLP. The offering plan runs 286 pages. The sponsor has filed 6 amendments, the latest in August 2025. The nearest other condo plan on file is 98 16th Street Condominium, next door.

Plan CD180105 · New · accepted Apr 10, 2020 · AG record ↗

Compare

FigureThis building1327 20th24 units · 0.5 miaccepted 2020270 12th34 units · 0.3 miaccepted 2020
Common ChargesPer Square Foot / Month$0.60Highest$0.32$0.41
Average Offering PricePer Apartment$1.58MIn line$1.76M$1.14M
Average PricePer Square Foot$1,300Above peers$1,256$1,162
Average Unit SizeSquare Feet1,213 SFIn line1,398 SF979 SF

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Unit mix, closings, budgets, finishes and the team, against 327 20th and 270 12th, 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: $5,455,000 at closing against $6,308,900 in Schedule A (p. 33)−13.5%
Average closing price4 homes, on their Schedule A square feet$1,124 / SF
Closingsfirst and latest recordedJan 30, 2025 – Feb 19, 2026

Sales recorded with the Department of Finance (ACRIS) through Mar 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
4Jan 30, 2025$1,500,000$1,579,500 p. 33−5%
2Mar 31, 2025$1,360,000$1,365,000 p. 33−0.4%
3Sep 18, 2025$1,200,000$1,365,000 p. 33−12.1%
1Feb 19, 2026$1,395,000$1,999,400 p. 33−30.2%

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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
96-16th Street LLC
Principals
Jorge Mastropietro, Anish Karyat, Carolina Garcia Paris, Pedro Moreno-Mengibar
Tax estimate
Moseson & Associates Corp.Prepared the first-year real estate tax projection
Construction lender
Columbia Bank

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

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