THE CONDO BOOK PROJECT

96 Ellery Street Condominium

96 Ellery Street, Brooklyn, NY 11206

Overview

Units
7 residential
Subway
2 min walk to Flushing Av GMyrtle-Willoughby Avs G, 4 min
Principals
Moses Karpen
Average $/sf
$1,320Homes in Schedule A, as first offered
Common charges
$397–$768 a monthSponsor's first-year estimate in Schedule A, October 1, 2026– September 30, 2027
Offering price
$12.9 million total

The sponsor of record is 499 Marcy Ave LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 318 pages. The nearest other condo plan on file is 104 Mlk Condominium, 0.1 mi away.

Plan CD260064 · Rehab · accepted Jun 23, 2026 · AG record ↗

Compare

FigureThis building1393 Greene25 units · 0.8 miaccepted 2026511 Throop34 units · 1 miaccepted 2026
Common ChargesPer Square Foot / Month$0.44Above peers$0.39$0.41
Average Offering PricePer Apartment$1.84MIn line$2.23M$1.49M
Average PricePer Square Foot$1,320In line$1,346$1,318
Property TaxesPer Square Foot / Month$0.69Highest$0.50$0.40
Average Unit SizeSquare Feet1,395 SFIn line1,657 SF1,129 SF

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Unit mix, closings, budgets, finishes and the team, against 393 Greene and 511 Throop, 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.

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
499 Marcy Ave LLC
Principals
Moses Karpen
Tax estimate
Metropolitan Realty ExemptionsPrepared the first-year real estate tax projection
Construction lender
New Business AssistanceLender on the mortgage and building loan agreement recorded April 2024 in ACRIS; $1.61 million recorded

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

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