THE CONDO BOOK PROJECT

Metroplex Suites Condominium

99-101 Kingsland Avenue, Brooklyn, NY 11222

Overview

Units
24 residential · 2 commercial
Subway
10 min walk to Graham Av LGrand St L, 12 min
Principals
Elzbieta Mielezarek
Average $/sf
$476Homes in Schedule A, as first offered
Offering price
$7.24 million total

The sponsor of record is Kew Gardens Property, LLC, represented by Gary Rosen Law Firm, P.C.. The offering plan runs 286 pages. The sponsor has filed 3 amendments, the latest in November 2004. The nearest other condo plan on file is 97 Kingsland Condominium, next door.

Plan CD040124 · New · accepted Aug 24, 2004 · AG record ↗

Compare

FigureThis building1252-258 Richardson212 units · 0.1 miaccepted 2004285 Driggs312 units · 0.5 miaccepted 2006
Common ChargesPer Square Foot / Month$0.49Highest$0.16$0.27
Average Offering PricePer Apartment$261,792Lowest$578,333$522,000
Average PricePer Square Foot$476Lowest$578$600
Average Unit SizeSquare Feet550 SFSmallest1,000 SF870 SF

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Unit mix, closings, budgets, finishes and the team, against 252-258 Richardson and 285 Driggs, 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 A24 of 24
Closing prices vs. Schedule A24 homes: $7,459,133 at closing against $6,283,000 in Schedule A (p. 20)+18.7%
Average closing price24 homes, on their Schedule A square feet$565 / SF
Closingsfirst and latest recordedFeb 11, 2005 – Apr 27, 2018

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 24 closings
HomeRecordedClosing priceSchedule ADifference
403Feb 11, 2005$238,139$214,000 p. 20+11.3%
203Feb 14, 2005$204,245$192,000 p. 20+6.4%
206Feb 18, 2005$246,402$235,000 p. 20+4.9%
205Feb 28, 2005$325,494$302,000 p. 20+7.8%
304Feb 28, 2005$283,920$238,000 p. 20+19.3%
402Mar 2, 2005$238,138$214,000 p. 20+11.3%
202Mar 10, 2005$205,117$192,000 p. 20+6.8%
305Mar 11, 2005$291,525$322,000 p. 20−9.5%
406Mar 29, 2005$430,950$346,000 p. 20+24.6%
103Apr 1, 2005$223,080$208,000 p. 20+7.3%
303Apr 1, 2005$248,430$205,000 p. 20+21.2%
207Apr 4, 2005$328,536$302,000 p. 20+8.8%
104May 2, 2005$243,360$216,000 p. 20+12.7%
105May 10, 2005$253,500$221,000 p. 20+14.7%
201May 18, 2005$209,000$196,000 p. 20+6.6%
204May 19, 2005$233,220$223,000 p. 20+4.6%
301Jun 17, 2005$243,360$209,000 p. 20+16.4%
302Jun 23, 2005$216,489$205,000 p. 20+5.6%
307Jul 15, 2005$337,662$322,000 p. 20+4.9%
401Jul 25, 2005$388,362$295,000 p. 20+31.6%
404Jul 27, 2005$436,020$325,000 p. 20+34.2%
407Aug 4, 2005$484,185$430,000 p. 20+12.6%
405Jun 6, 2007$650,000$420,000 p. 20+54.8%
306Apr 27, 2018$500,000$251,000 p. 20+99.2%

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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
Kew Gardens Property, LLC
Principals
Elzbieta Mielezarek
Tax estimate
Barnett MallerPrepared the first-year real estate tax projection

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

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