THE CONDO BOOK PROJECT

974 Bergen Street Condominium

974 Bergen Street, Brooklyn, NY 11216

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Overview

Units
3 residential · 1 parking
Subway
5 min walk to Park Pl SFranklin Av C S, 8 min
Developer
Kork Inc.
Principals
Koryun Kirakosyan, Mark Martov, Vladislav Kagan
Average $/sf
$1,154Homes in Schedule A, as first offered
Offering price
$4.15 million total

The sponsor of record is 974 Bergen St LLC, represented by Eial Girtz, PC. The offering plan runs 267 pages. The sponsor has filed 1 amendment, the latest in October 2025. The nearest other condo plan on file is 984 Bergen Street Condominium, next door.

Plan CD250091 · New · accepted Jul 16, 2025 · AG record ↗

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FigureThis building1482 Hancock23 units · 1.1 miaccepted 2026736 Prospect Place36 units · 0.2 miaccepted 2025
Common ChargesPer Square Foot / Month$0.36Lowest$0.95$0.55
Average Offering PricePer Apartment$1.33MIn line$1.51M$1.06M
Average PricePer Square Foot$1,154Below peers$1,277$1,268
Average Unit SizeSquare Feet1,155 SFIn line1,182 SF833 SF

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Unit mix, closings, budgets, finishes and the team, against 482 Hancock and 736 Prospect Place, 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 A3 of 3
Closing prices vs. Schedule A3 homes: $4,101,995 at closing against $4,000,000 in Schedule A (p. 38)+2.5%
Average closing price3 homes, on their Schedule A square feet$1,183 / SF
Closingsfirst and latest recordedNov 21, 2025 – Feb 24, 2026

Sales recorded with the Department of Finance (ACRIS) through Apr 30, 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 3 closings
HomeRecordedClosing priceSchedule ADifference
1Nov 21, 2025$1,599,995$1,600,000 p. 38−0%
3Dec 4, 2025$1,227,000$1,100,000 p. 38+11.5%
2Feb 24, 2026$1,275,000$1,300,000 p. 38−1.9%

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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
974 Bergen St LLC
Developer
Kork Inc.
Principals
Koryun Kirakosyan, Mark Martov, Vladislav Kagan
Tax estimate
RE Tax Service, LLCPrepared the first-year real estate tax projection
Construction lender
States Capital$1.35 million loan stated in the plan

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

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