98 Front Street Condominium
98 Front Street, Brooklyn, NY 11201
Overview
A 165-unit, 10-story condo on the block bounded by Front, Adams and York Streets in DUMBO, sponsored by 80 Adams Property Owner. It has an attended stacker garage, a garden-level pool and a non-union staff. The plan says there's no emergency generator.
- Address: 98 Front Street, DUMBO, Brooklyn
- Plan: CD180246, accepted for filing in January 2019
- Building: 10 stories above grade (marketed as floors 3 through PH3), plus a garden level below grade, about 120 feet tall
- Residences: 165, including the resident manager's unit: 26 studios, 46 one-bedrooms, 63 two-bedrooms, 28 three-bedrooms and 2 four-bedrooms
- Other units: one Community Facility Unit of about 338 square feet
- Parking and storage: 66 parking licenses at $100,000, 20 storage lockers of 25 square feet at $30,000, and 83 bike spaces at $3,500, all sold only to apartment buyers
- First offering: about $252.5 million in total, including $244.5 million for the residences. Prices ran from $595,000 for studios to $3.995 million for penthouse PH3A, which has about 1,440 square feet of outdoor space (sponsor offering prices, not sales). The Attorney General's record now lists about $269 million.
Compare
| Figure | This building1 | One Clinton2133 units · 0.5 miaccepted 2018 | The Brooklyn Grove3184 units · 1 miaccepted 2018 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.05Above peers | $0.90 | $0.96 |
| Average Offering PricePer Apartment | $1.48MIn line | $3.52M | $1.06M |
| Average PricePer Square Foot | $1,694In line | $1,872 | $1,398 |
| Property TaxesPer Square Foot / Month | $0.94Below peers | $1.02 | $1.09 |
| Average Unit SizeSquare Feet | 875 SFIn line | 1,876 SF | 756 SF |
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Unit mix, closings, budgets, finishes and the team, against One Clinton and The Brooklyn Grove, cited to the offering plans. No credit card required.
Create a free accountHow 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.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 165 of 165 |
| Closing prices vs. Schedule A164 homes: $236,377,993 at closing against $242,755,000 in Schedule A (p. 59, p. 60, p. 61) | −2.6% |
| Average closing price164 homes, on their Schedule A square feet | $1,650 / SF |
| Closingsfirst and latest recorded | Oct 30, 2020 – Nov 2, 2023 |
Sales recorded with the Department of Finance (ACRIS) through Sep 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 166 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 7J | Oct 30, 2020 | $1,995,000 | $2,125,000 p. 60 | −6.1% |
| 4J | Nov 4, 2020 | $1,475,000 | $1,485,000 p. 59 | −0.7% |
| 7N | Nov 4, 2020 | $1,275,613 | $1,380,000 p. 60 | −7.6% |
| 7R | Nov 6, 2020 | $1,400,009 | $1,495,000 p. 60 | −6.4% |
| 5C | Nov 16, 2020 | $1,450,000 | $1,450,000 p. 59 | 0% |
| 4L | Nov 17, 2020 | $1,390,000 | $1,395,000 p. 59 | −0.4% |
| 5P | Nov 17, 2020 | $807,500 | $795,000 p. 59 | +1.6% |
| 6P | Nov 17, 2020 | $812,250 | $835,000 p. 60 | −2.7% |
| 5G | Nov 18, 2020 | $1,463,000 | $1,495,000 p. 59 | −2.1% |
| 7G | Nov 19, 2020 | $935,000 | $1,085,000 p. 60 | −13.8% |
| 8K | Nov 19, 2020 | $965,811 | $975,000 p. 60 | −0.9% |
| 5K | Nov 20, 2020 | $1,007,000 | $1,017,000 p. 59 | −1% |
| 5D | Nov 23, 2020 | $995,000 | $995,000 p. 59 | 0% |
| 7U | Nov 23, 2020 | $639,206 | $670,000 p. 60 | −4.6% |
| 8L | Nov 23, 2020 | $1,187,500 | $1,095,000 p. 60 | +8.4% |
| 6L | Nov 24, 2020 | $1,020,000 | $1,020,000 p. 60 | 0% |
| 6N | Nov 24, 2020 | $1,265,000 | $1,410,000 p. 60 | −10.3% |
| 8J | Nov 24, 2020 | $1,850,000 | $1,850,000 p. 60 | 0% |
| 6E | Nov 25, 2020 | $962,246 | $935,000 p. 60 | +2.9% |
| 5F | Nov 30, 2020 | $933,750 | $995,000 p. 59 | −6.2% |
| 6H | Nov 30, 2020 | $1,645,000 | $1,675,000 p. 60 | −1.8% |
| 5L | Dec 1, 2020 | $985,000 | $865,000 p. 59 | +13.9% |
| 7P | Dec 1, 2020 | $850,000 | $845,000 p. 60 | +0.6% |
| 8M | Dec 2, 2020 | $1,575,000 | $1,495,000 p. 60 | +5.4% |
| 3G | Dec 3, 2020 | $608,659 | $595,000 p. 59 | +2.3% |
| 8D | Dec 4, 2020 | $955,000 | $945,000 p. 60 | +1.1% |
| 6U | Dec 7, 2020 | $656,000 | $665,000 p. 60 | −1.4% |
| 5V | Dec 10, 2020 | $855,000 | $855,000 p. 59 | 0% |
| 5N | Dec 14, 2020 | $1,326,525 | $1,415,000 p. 59 | −6.3% |
| 4R | Dec 15, 2020 | $770,000 | $812,000 p. 59 | −5.2% |
| 4D | Dec 16, 2020 | $805,000 | $875,000 p. 59 | −8% |
| 7K | Dec 18, 2020 | $880,000 | $915,000 p. 60 | −3.8% |
| 9N | Dec 21, 2020 | $1,416,587 | $1,495,000 p. 61 | −5.2% |
| 9R | Dec 21, 2020 | $1,420,000 | $1,550,000 p. 61 | −8.4% |
| 9E | Dec 23, 2020 | $975,000 | $995,000 p. 60 | −2% |
| PH1H | Dec 28, 2020 | $1,900,000 | $1,895,000 p. 61 | +0.3% |
| 9Q | Dec 29, 2020 | $1,417,500 | $1,565,000 p. 61 | −9.4% |
| PH1J | Jan 8, 2021 | $1,815,000 | $1,775,000 p. 61 | +2.3% |
| 5S | Jan 12, 2021 | $643,594 | $650,000 p. 59 | −1% |
| PH1B | Jan 13, 2021 | $2,075,000 | $2,100,000 p. 61 | −1.2% |
| PH1G | Jan 13, 2021 | $4,400,000 | $3,850,000 p. 61 | +14.3% |
| PH1K | Jan 15, 2021 | $2,550,000 | $2,550,000 p. 61 | 0% |
| 3H | Jan 19, 2021 | $920,000 | $595,000 p. 59 | +54.6% |
| 5R | Jan 22, 2021 | $1,397,803 | $1,465,000 p. 59 | −4.6% |
| 6J | Jan 23, 2021 | $2,070,106 | $2,115,000 p. 60 | −2.1% |
| 3C | Jan 29, 2021 | $830,000 | $895,000 p. 59 | −7.3% |
| GRH | Jan 29, 2021 | $950,000 | $875,000 p. 59 | +8.6% |
| 4C | Feb 3, 2021 | $885,000 | $925,000 p. 59 | −4.3% |
| 3A | Feb 4, 2021 | $949,000 | $935,000 p. 59 | +1.5% |
| 3M | Feb 4, 2021 | $634,115 | $595,000 p. 59 | +6.6% |
| 8N | Feb 4, 2021 | $1,295,000 | $1,485,000 p. 60 | −12.8% |
| PH3E | Feb 5, 2021 | $2,500,000 | $2,375,000 p. 61 | +5.3% |
| 9H | Feb 10, 2021 | $960,000 | $1,085,000 p. 61 | −11.5% |
| 8P | Feb 12, 2021 | $850,000 | $860,000 p. 60 | −1.2% |
| 9U | Feb 18, 2021 | $750,000 | $695,000 p. 61 | +7.9% |
| PH2G | Feb 19, 2021 | $1,950,000 | $1,895,000 p. 61 | +2.9% |
| 6D | Feb 22, 2021 | $785,000 | $935,000 p. 60 | −16% |
| 8G | Feb 23, 2021 | $1,477,000 | $1,595,000 p. 60 | −7.4% |
| 6K | Mar 5, 2021 | $850,000 | $879,000 p. 60 | −3.3% |
| 5U | Mar 8, 2021 | $645,000 | $655,000 p. 59 | −1.5% |
| 7D | Mar 12, 2021 | $825,237 | $960,000 p. 60 | −14% |
| PH1L | Mar 15, 2021 | $730,000 | $825,000 p. 61 | −11.5% |
| 6V | Mar 22, 2021 | $800,000 | $875,000 p. 60 | −8.6% |
| 7M | Mar 22, 2021 | $970,000 | $1,195,000 p. 60 | −18.8% |
| 4B | Mar 30, 2021 | $2,034,209 | $2,295,000 p. 59 | −11.4% |
| 6Q | Mar 30, 2021 | $1,385,000 | $1,545,000 p. 60 | −10.4% |
| 9L | Mar 30, 2021 | $1,407,500 | $1,495,000 p. 61 | −5.9% |
| 4P | Mar 31, 2021 | $1,717,500 | $1,995,000 p. 59 | −13.9% |
| 7F | Mar 31, 2021 | $1,295,000 | $1,585,000 p. 60 | −18.3% |
| 9P | Mar 31, 2021 | $857,756 | $875,000 p. 61 | −2% |
| 4M | Apr 1, 2021 | $1,295,000 | $1,510,000 p. 59 | −14.2% |
| 5A | Apr 1, 2021 | $650,000 | $780,000 p. 59 | −16.7% |
| 5Q | Apr 6, 2021 | $1,377,000 | $1,475,000 p. 59 | −6.6% |
| 3J | Apr 12, 2021 | $995,000 | $595,000 p. 59 | +67.2% |
| 3L | Apr 15, 2021 | $1,455,000 | $1,495,000 p. 59 | −2.7% |
| 7A | Apr 22, 2021 | $680,000 | $790,000 p. 60 | −13.9% |
| 5B | May 7, 2021 | $2,095,000 | $2,335,000 p. 59 | −10.3% |
| 4H | May 26, 2021 | $995,000 | $1,003,000 p. 59 | −0.8% |
| PH2H | May 28, 2021 | $1,800,000 | $1,795,000 p. 61 | +0.3% |
| 8V | Jun 3, 2021 | $855,000 | $875,000 p. 60 | −2.3% |
| 8C | Jun 14, 2021 | $905,000 | $975,000 p. 60 | −7.2% |
| 3N | Jun 15, 2021 | $778,961 | $795,000 p. 59 | −2% |
| PH2J | Jun 17, 2021 | $3,100,000 | $2,850,000 p. 61 | +8.8% |
| 6A | Jun 18, 2021 | $710,484 | $785,000 p. 60 | −9.5% |
| 6G | Jun 25, 2021 | $1,400,000 | $1,550,000 p. 60 | −9.7% |
| PH1C | Jul 1, 2021 | $1,995,000 | $1,995,000 p. 61 | 0% |
| 9D | Aug 5, 2021 | $945,000 | $975,000 p. 60 | −3.1% |
| 4E | Aug 9, 2021 | $1,070,000 | $995,000 p. 59 | +7.5% |
| PH3G | Aug 11, 2021 | $1,912,500 | $1,950,000 p. 61 | −1.9% |
| PH3H | Aug 13, 2021 | $1,860,000 | $1,850,000 p. 61 | +0.5% |
| GRB | Aug 19, 2021 | $3,047,368 | $2,495,000 p. 59 | +22.1% |
| 3B | Aug 20, 2021 | $925,000 | $895,000 p. 59 | +3.4% |
| 4G | Sep 20, 2021 | $1,492,500 | $1,450,000 p. 59 | +2.9% |
| 6S | Sep 21, 2021 | $635,000 | $665,000 p. 60 | −4.5% |
| 7V | Sep 21, 2021 | $860,000 | $865,000 p. 60 | −0.6% |
| PH1A | Sep 22, 2021 | $2,750,000 | $2,750,000 p. 61 | 0% |
| 4A | Sep 24, 2021 | $728,500 | $775,000 p. 59 | −6% |
| GRC | Oct 1, 2021 | $2,975,000 | $2,495,000 p. 59 | +19.2% |
| 8U | Oct 5, 2021 | $704,374 | $685,000 p. 60 | +2.8% |
| 5T | Oct 12, 2021 | $1,750,000 | $2,050,000 p. 59 | −14.6% |
| 6C | Oct 15, 2021 | $925,000 | $945,000 p. 60 | −2.1% |
| 5H | Oct 25, 2021 | $1,410,529 | $1,495,000 p. 59 | −5.7% |
| PH2E | Oct 27, 2021 | $2,750,000 | $2,650,000 p. 61 | +3.8% |
| 8A | Oct 28, 2021 | $797,035 | $795,000 p. 60 | +0.3% |
| 4Q | Nov 1, 2021 | $685,000 | $595,000 p. 59 | +15.1% |
| GRD | Nov 19, 2021 | $2,425,000 | $2,295,000 p. 59 | +5.7% |
| 8H | Nov 30, 2021 | $1,400,000 | $1,550,000 p. 60 | −9.7% |
| 7S | Dec 2, 2021 | $650,000 | $635,000 p. 60 | +2.4% |
| 9C | Dec 16, 2021 | $995,000 | $995,000 p. 60 | 0% |
| GRG | Dec 27, 2021 | $646,000 | $685,000 p. 59 | −5.7% |
| 4N | Dec 29, 2021 | $585,000 | $595,000 p. 59 | −1.7% |
| PH2C | Jan 3, 2022 | $2,400,000 | $2,495,000 p. 61 | −3.8% |
| PH2A | Jan 11, 2022 | $2,400,000 | $2,595,000 p. 61 | −7.5% |
| PH3B | Jan 14, 2022 | $1,800,000 | $1,950,000 p. 61 | −7.7% |
| 6B | Jan 18, 2022 | $1,950,000 | $2,385,000 p. 60 | −18.2% |
| 3D | Jan 21, 2022 | $595,000 | $595,000 p. 59 | 0% |
| PH1D | Jan 21, 2022 | $2,050,000 | $1,995,000 p. 61 | +2.8% |
| 6M | Jan 27, 2022 | $1,510,000 | $1,565,000 p. 60 | −3.5% |
| 9S | Feb 4, 2022 | $700,000 | $670,000 p. 61 | +4.5% |
| 6F | Feb 9, 2022 | $1,419,000 | $1,575,000 p. 60 | −9.9% |
| 3F | Feb 11, 2022 | $608,659 | $595,000 p. 59 | +2.3% |
| 8T | Feb 28, 2022 | $2,085,000 | $2,150,000 p. 60 | −3% |
| 3E | Mar 3, 2022 | $610,000 | $595,000 p. 59 | +2.5% |
| 8S | Mar 22, 2022 | $695,000 | $655,000 p. 60 | +6.1% |
| 7Q | Mar 29, 2022 | $1,525,000 | $1,495,000 p. 60 | +2% |
| 9V | Apr 25, 2022 | $878,495 | $895,000 p. 61 | −1.8% |
| PH2F | Apr 27, 2022 | $3,395,000 | $3,250,000 p. 61 | +4.5% |
| 7E | May 6, 2022 | $1,527,375 | $1,595,000 p. 60 | −4.2% |
| PH3J | May 6, 2022 | $2,965,000 | $2,895,000 p. 61 | +2.4% |
| 9M | May 9, 2022 | $2,175,000 | $2,250,000 p. 61 | −3.3% |
| GRE | May 11, 2022 | $2,445,000 | $1,995,000 p. 59 | +22.6% |
| 9G | May 16, 2022 | $1,102,510 | $1,095,000 p. 61 | +0.7% |
| 9K | May 26, 2022 | $1,790,151 | $1,875,000 p. 61 | −4.5% |
| 7L | May 31, 2022 | $1,595,000 | $1,415,000 p. 60 | +12.7% |
| PH3F | Jun 9, 2022 | $3,730,000 | $3,150,000 p. 61 | +18.4% |
| PH2D | Jun 10, 2022 | $1,913,000 | $2,065,000 p. 61 | −7.4% |
| PH1E | Jun 27, 2022 | $2,190,738 | $2,050,000 p. 61 | +6.9% |
| 9T | Jul 28, 2022 | $1,950,000 | $2,215,000 p. 61 | −12% |
| 8E | Aug 11, 2022 | $1,481,808 | $1,595,000 p. 60 | −7.1% |
| 7B | Aug 26, 2022 | $2,295,000 | $2,450,000 p. 60 | −6.3% |
| 9F | Aug 30, 2022 | $1,481,808 | $1,635,000 p. 60 | −9.4% |
| 7H | Aug 31, 2022 | $965,000 | $945,000 p. 60 | +2.1% |
| 7T | Sep 9, 2022 | $1,860,000 | $2,100,000 p. 60 | −11.4% |
| GRF | Sep 20, 2022 | $1,060,000 | $1,850,000 p. 59 | −42.7% |
| PH3D | Sep 28, 2022 | $1,900,000 | $2,035,000 p. 61 | −6.6% |
| 9A | Oct 13, 2022 | $758,000 | $799,000 p. 60 | −5.1% |
| 5J | Nov 18, 2022 | $1,767,500 | $1,855,000 p. 59 | −4.7% |
| 4F | Nov 28, 2022 | $999,000 | $995,000 p. 59 | +0.4% |
| 6R | Nov 28, 2022 | $1,535,000 | $1,535,000 p. 60 | 0% |
| 6T | Nov 28, 2022 | $1,991,000 | $2,085,000 p. 60 | −4.5% |
| PH1F | Dec 16, 2022 | $2,900,000 | $2,925,000 p. 61 | −0.9% |
| 9B | Jan 4, 2023 | $2,150,000 | $2,495,000 p. 60 | −13.8% |
| 8F | Jan 31, 2023 | $1,340,000 | $1,595,000 p. 60 | −16% |
| 4K | Feb 21, 2023 | $1,550,000 | $1,595,000 p. 59 | −2.8% |
| 5M | Mar 8, 2023 | $1,295,000 | $1,475,000 p. 59 | −12.2% |
| 9J | Mar 14, 2023 | $1,375,000 | $1,625,000 p. 61 | −15.4% |
| 8Q | Mar 24, 2023 | $1,550,000 | $1,545,000 p. 60 | +0.3% |
| 8R | Apr 11, 2023 | $1,560,723 | $1,530,000 p. 60 | +2% |
| 7C | Apr 12, 2023 | $1,380,000 | $1,485,000 p. 60 | −7.1% |
| PH3C | Apr 21, 2023 | $2,125,000 | $2,250,000 p. 61 | −5.6% |
| 5E | May 31, 2023 | $1,380,000 | $1,495,000 p. 59 | −7.7% |
| 8B | Jun 1, 2023 | $2,165,000 | $2,435,000 p. 60 | −11.1% |
| PH3A | Jun 7, 2023 | $3,725,000 | $3,995,000 p. 61 | −6.8% |
| GRA | Aug 11, 2023 | $695,975 | — | — |
| PRREC | Aug 11, 2023 | $655,495 | — | — |
| PH2B | Nov 2, 2023 | $2,700,000 | $3,250,000 p. 61 | −16.9% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
What It Costs to Run
The sponsor projected a first-year budget (May 2020 to April 2021) of about $2.06 million. Residential common charges cover about $1.82 million of it, the Community Facility Unit pays about $1,600, and license fees for parking, storage and bikes bring in about $234,000. Here's how that works out in monthly common charges, per Schedule A:
- About $360 to $490 a month for studios.
- About $830 to $1,730 a month for two-bedrooms.
- About $2,610 a month for penthouse PH3A, the most expensive home.
- On top of that, license fees of about $253 a month per parking space, $37.50 per storage locker and $25 per bike space.
Notable lines:
- Staff: about $743,000.
- Service contracts: about $484,000, including $200,000 for the parking operator (covered by parking fees), $110,000 for lifeguards, $50,000 for window washing and $24,000 for elevator maintenance.
- Insurance: about $142,000.
- Resident manager's unit: about $77,000, including payments on the loan for half its price.
- Management fee: $70,000 to FirstService Residential, rising 4% a year over a three-year initial term.
- Taxes: about $1.63 million for all units in year one, rising to about $2.25 million once the building is assessed as complete.
Good to know: the budget has a reserve fund of about $83,000, based on a reserve study by Strategic Inspections. You'll pay two months of common charges into working capital at closing. See condo reserve funds, why operating costs differ and our common charge benchmarks.
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
The Building
Finishes
The Description of Property was prepared by ODA-Architecture. Appliance sizes step up with the number of bedrooms (compare with our NYC condo finishes guide).
Kitchen
- Bosch appliances: an integrated refrigerator, a gas cooktop and an electric wall oven, with a BEST hood, a Franke sink and a Grohe Minta faucet.
- Four-bedrooms get a 36-inch refrigerator and cooktop and a Bosch speed oven. Three-bedrooms get 30-inch sizes, and smaller homes get 24-inch ones.
- Two-bedrooms and up get a 24-inch Bosch dishwasher. Studios and one-bedrooms get a Fisher & Paykel dishwasher drawer.
- Lacquer cabinets with soft-close drawers and quartz countertops.
Baths
- Laufen toilets and sinks with Grohe faucets and Grohe thermostatic shower sets with a hand shower.
- MAAX Rubix skirted tubs in baths with tubs.
- Ceramic tile floors and walls in full baths.
See how these names compare in our bathroom brands guide.
Floors, Ceilings and Windows
- Engineered oak floors, 5/8 inch thick, installed as a floating floor.
- Ceilings of about 8 feet 4 inches to 10 feet 8 inches on floors 3 to PH2, and up to about 10 feet 2 inches on PH3.
- A unitized aluminum window wall by Alumil with operable awning windows. Owners must hang window treatments with a white backing.
Laundry, Heating and Cooling
- A stackable Bosch washer and ventless Bosch dryer in every home. There's no common laundry room.
- Ducted water-source heat pumps in each home, fed by two rooftop cooling towers and two boilers, with a thermostat in each unit.
- Electricity is metered to each unit by Con Edison. Gas for heat, hot water and cooking is paid through common charges.
Amenities, Staffing & Transportation
Most shared space is on the garden level, about 4,000 square feet in all (compare with amenities by building size).
Garden Level
- An indoor salt-chlorine pool about 31 feet long and 9 feet 8 inches wide, 3.5 to 3.7 feet deep and kept at about 82°F.
- A whirlpool for up to five people, kept at about 104°F.
- An unattended fitness center with cardio machines, free weights and a Kinesis machine, plus a steam room and a lounge.
- A children's playroom.
Roof and Outdoor Space
- A common roof terrace. The lighting plan shows a bocce court and a barbecue area.
- Private patios and terraces on many homes, and private roof terraces for PH3A, PH3F and PH3J.
- A landscaped viewing garden on the garden level that no one can use.
Good to know: year one budgets $110,000 for an amenity operator to provide lifeguards. The pool may not open until 24 months after the first closing, and other amenities and a full staff may take about 12 months. The board can set usage fees and hours.
Staffing and Services
The year-one budget plans a non-union staff paid at least minimum wage, supervised by the resident manager:
- A live-in resident manager in unit 3K.
- Two handymen.
- Concierges around the clock (four positions).
- Three porters, one of whom covers a weekly concierge shift.
Payroll and benefits come to about $743,000. Two passenger elevators serve the garden level through the roof, and there's no service elevator. Our doorman cost guide puts these numbers in context.
Transportation
- Subway: 3 min walk to York St F; High St A C, 6 min
Fine Print
What's Specific to It
- Stacker parking: 66 parking licenses at $100,000 each. An attendant parks your car on quadruple stackers, and the license isn't tied to a particular space.
- A resale fee: if you resell before the first anniversary of the first closing, you owe the sponsor 50% of your profit after commissions, transfer taxes and legal fees. You also can't list your home for 12 months after the first closing without the sponsor's consent.
- No backup power: the plan states there's no emergency generator in the building.
- A non-union staff: the budget assumes a non-union staff led by a live-in resident manager, with a concierge around the clock.
- A small community facility unit: a white-box space of about 338 square feet is for sale for $507,000. The sponsor may instead sell it to the condo, with owners covering the cost.
98 Front Street is a 10-story building in DUMBO, Brooklyn, with its residential entrance on Front Street and a service entrance on Adams Street. The sponsor bought the site in November 2017 from the Watch Tower Bible and Tract Society of New York. Its offering plan tells you what's in the apartments, who runs the building and what it was projected to cost.
Fine Print Worth Knowing
- The super's apartment: the condo buys unit 3K for $1.765 million plus about $59,000 in closing costs. Buyers pay half at their closings, which is about $2,200 to $10,800 per unit in Schedule A. The other half, about $912,000, is a five-year loan with a balloon payment that the sponsor doesn't plan to refinance, so owners could be assessed to pay it off.
- Accessible parking space: buyers also pay a share of the $100,000 accessible parking space the condo buys, about $240 to $1,180 per unit.
- The garage could leave the condo: before the declaration is recorded, the sponsor can turn the parking area into a separate garage unit. Parking contracts would then be canceled and deposits credited.
- Lot line windows: dozens of units have windows on lot lines. If a neighbor builds, the owner pays to seal them, estimated at about $5,000 per window.
- Terrace weight limits: no hot tubs, built-in planters or items over 150 pounds on paver terraces. Terraces without pavers have a 25-pound-per-square-foot limit unless an engineer designs added support.
- No smoking anywhere: the rules ban smoking, including e-cigarettes, inside units, on terraces and in all common areas.
- Owners may never control the board: the sponsor can rent unsold units instead of selling them, and it controls the board for up to five years after the first closing.
Team
- Sponsor: 80 Adams Property Owner, LLC (principal Jeffrey Gershon, whose prior offering is The Hendrik at 509 Pacific Street)
- Architect of record: ODA-Architecture
- Engineers: GACE Consulting Engineers (structural), GEA Consulting Engineers (mechanical) and MRCE (geotechnical)
- Exterior envelope consultant: Gilsanz Murray Steficek
- Managing agent: FirstService Residential
- Selling agent: Triumph Property Group, which the plan says is affiliated with the sponsor
- Sponsor's counsel: Starr Associates
- Tax: Olshan Frome Wolosky (income tax opinion) and Metropolitan Valuation Services (real estate taxes)
- Budget expert: Marc Kotler
- Construction lender: Bank of the Ozarks
The plan doesn't name an interior designer.
- Sponsor
- 80 Adams Property Owner, LLC
- Developer
- Gershon & Company
- Principals
- Jeffrey Gershon
- Counsel
- Starr Associates, LLP
- Tax estimate
- Metropolitan Valuation ServicesPrepared the first-year real estate tax projection
- Construction lender
- Bank OZK$100 million recorded
Nearby
- Beacon Tower Condominiumnext door · 79 units · 2004
- Nexusnext door · 56 units · 10 parking · 2005
- 70 Washington Street Condominiumnext door · 259 units · 2005
- One Three Three Condominiumnext door · 52 units · 16 parking · 2006
- 31 Washington Condominiumnext door · 13 units · 2004
- J Condominiumnext door · 0 units · 2 parking · 2005
FAQ
Does 98 Front Street have parking?
Yes. An attended garage holds 66 cars on quadruple stackers, sold as licenses for $100,000 each with a projected fee of about $253 a month. A license doesn't come with a particular space. The sponsor can also turn the garage into a separate unit before the declaration is recorded, which would cancel parking contracts.
Is there a pool?
Yes. The garden level has an indoor salt-chlorine pool about 31 feet long, a whirlpool, a steam room, a lounge and a fitness center, with $110,000 budgeted for lifeguards. The plan warns the pool may not open until 24 months after the first closing.
What happens if I sell soon after closing?
For 12 months after the first closing, you can't list your home without the sponsor's consent. If you resell before the first anniversary of the first closing, you pay the sponsor half of your profit, after brokerage commissions of up to 6%, transfer taxes and up to $5,000 in legal fees. The fee ends once the sponsor has sold all its units.
Where this comes from: the building's offering plan (CD180246) as filed with the New York Attorney General, including its cover page, Special Risks, Introduction, Description of Property and Improvements, the architect's Description of Property and Specifications, Schedule A, Schedule B, Real Estate Taxes, Management Agreement and Identity of Parties. Prices are the sponsor's offering prices, not sales, and budget figures are the sponsor's first-year projections. Later amendments may change them. Updated October 2026.