THE CONDO BOOK PROJECT

97 Seigel Street Condominium

97 Seigel Street, Brooklyn, NY 11206

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Overview

Units
7 residential · 1 commercial
Subway
5 min walk to Lorimer St J MFlushing Av J M, 6 min
Principals
Oren Hakim
Average $/sf
$1,202Homes in Schedule A, as first offered
Common charges
$371–$835 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 To June 30, 2026
Offering price
$5.79 million total

The sponsor of record is 97 On LLC, represented by Eial Girtz, PC. The offering plan runs 308 pages. The sponsor has filed 2 amendments, the latest in January 2026. The nearest other condo plan on file is 106 Graham Avenue Condominium, next door.

Plan CD240232 · Rehab · accepted Feb 24, 2025 · AG record ↗

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FigureThis building193 Waverly27 units · 1.5 miaccepted 202553 Stanhope38 units · 1.1 miaccepted 2024
Common ChargesPer Square Foot / Month$0.80Highest$0.62$0.60
Average Offering PricePer Apartment$738,157Above peers$727,000$729,250
Average PricePer Square Foot$1,202Above peers$1,164$1,091
Property TaxesPer Square Foot / Month$0.92In line$1.55$0.19
Average Unit SizeSquare Feet614 SFSmaller625 SF668 SF

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Unit mix, closings, budgets, finishes and the team, against 93 Waverly and 53 Stanhope, 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 A7 of 7
Closing prices vs. Schedule A7 homes: $5,021,178 at closing against $5,167,100 in Schedule A (p. 44)−2.8%
Average closing price7 homes, on their Schedule A square feet$1,168 / SF
Closingsfirst and latest recordedJan 8, 2026 – Apr 22, 2026

Sales recorded with the Department of Finance (ACRIS) through May 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 7 closings
HomeRecordedClosing priceSchedule ADifference
3BJan 8, 2026$666,954$672,750 p. 44−0.9%
4AJan 20, 2026$655,000$655,200 p. 44−0%
1BJan 23, 2026$849,000$849,000 p. 440%
2AJan 29, 2026$630,000$632,500 p. 44−0.4%
4BJan 29, 2026$995,000$1,052,400 p. 44−5.5%
3AMar 25, 2026$626,224$627,900 p. 44−0.3%
2BApr 22, 2026$599,000$677,350 p. 44−11.6%

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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
97 On LLC
Principals
Oren Hakim
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Shnsy$1.8 million loan stated in the plan

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

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