975 Manhattan Avenue Condominium
975 Manhattan Avenue, Brooklyn, NY 11222
Overview
- Units
- 10 residential · 2 commercial
- Subway
- 1 min walk to Greenpoint Av GNassau Av G, 11 min
- Principals
- Hui Chen
- Offering price
- $12.3 million total $12.4 million when first offered
The sponsor of record is Brilliant Real Estate Development LLC, represented by Moritt Hock & Hamroff, LLP. The offering plan runs 301 pages. The sponsor has filed 1 amendment, the latest in July 2021. The nearest other condo plan on file is Villas At India, next door.
Plan CD200063 · New · accepted Nov 9, 2020 · AG record ↗
Compare
| Figure | This building1 | 550 Metropolitan29 units · 1.3 miaccepted 2021 | Huron39 units · 0.1 miaccepted 2021 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.24MBelow peers | $1.43M | $1.46M |
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Unit mix, closings, budgets, finishes and the team, against 550 Metropolitan and Huron, 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 | 10 of 10 |
| Closingsfirst and latest recorded | Feb 7, 2022 – Nov 3, 2022 |
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 11 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2B | Feb 7, 2022 | $755,000 | — | — |
| 6A | Feb 8, 2022 | $1,196,444 | — | — |
| 3B | Feb 9, 2022 | $763,688 | — | — |
| 5B | Feb 9, 2022 | $794,235 | — | — |
| 6B | Feb 9, 2022 | $815,000 | — | — |
| 4B | Feb 10, 2022 | $807,600 | — | — |
| 5A | Feb 11, 2022 | $770,000 | — | — |
| 4A | Feb 15, 2022 | $765,000 | — | — |
| 3A | Mar 15, 2022 | $771,981 | — | — |
| 2A | Mar 25, 2022 | $789,144 | — | — |
| C1 | Nov 3, 2022 | $2,065,500 | — | — |
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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
- Brilliant Real Estate Development LLC
- Principals
- Hui Chen
- Counsel
- Moritt Hock & Hamroff, LLP
- Tax estimate
- Highpoint Incentive Inc.Prepared the first-year real estate tax projection
- Construction lender
- S3 Capital$5.8 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- Villas At Indianext door · 7 units · 2019
- 114 India Condominiumnext door · 8 units · 2009
- Belvedere Iv Condominiumnext door · 8 units · 2006
- Huronnext door · 9 units · 2021
- 184 Huron Street Condominiumnext door · 6 units · 2021
- 112 India Street Condominiumnext door · 3 units · 2022