THE CONDO BOOK PROJECT

98 16th Street Condominium

98 16th Street, Brooklyn, NY 11215

Overview

Units
3 residential
Subway
2 min walk to Prospect Av R4 Av-9 St F G R, 7 min
Offering price
$4.37 million total $4.79 million when first offered

The sponsor of record is 98 16 Street LLC, represented by Marans, Weisz & Newman, LLC. The sponsor has filed 8 amendments, the latest in August 2018. The nearest other condo plan on file is 96 16th Street Condominium, next door.

Plan CD160155 · New · accepted Mar 16, 2017 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan3 of 3
Closingsfirst and latest recordedMar 26, 2018 – Nov 20, 2018

Sales recorded with the Department of Finance (ACRIS) through Apr 30, 2022: 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
1Mar 26, 2018$1,517,000——
2Apr 26, 2018$1,176,079——
3Nov 20, 2018$1,500,000——

Pro

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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Team

Sponsor
98 16 Street LLC
Construction lenders
Evenchen, Moses, TsurLender on the mortgage and building loan agreement recorded April 2015 in ACRIS; $2.4 million recorded

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

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