THE CONDO BOOK PROJECT

Cleopatra At 99 Condominium

99 Conselyea Street, Brooklyn, NY 11211

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Overview

Units
6 residential
Subway
3 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 4 min
Developer
Geeta Overseas
Principals
Arti Chandok, Guarav Chandok
Average $/sf
$1,642Homes in Schedule A, as first offered
Common charges
$349–$701 a monthSponsor's first-year estimate in Schedule A, January 1, 2022 - December 31, 2022
Offering price
$8.27 million total $7.97 million when first offered

The sponsor of record is Cleopatra Realty LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 332 pages. The sponsor has filed 3 amendments, the latest in August 2023. The nearest other condo plan on file is 92 Conselyea Street Condominium, next door.

Plan CD210186 · New · accepted Nov 15, 2021 · AG record ↗

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FigureThis building1143 Powers26 units · 0.2 miaccepted 202281 India36 units · 1.3 miaccepted 2021
Common ChargesPer Square Foot / Month$0.63Highest$0.40$0.53
Average Offering PricePer Apartment$1.34MAbove peers$1.27M$1.11M
Average PricePer Square Foot$1,642Above peers$1,590$1,403
Property TaxesPer Square Foot / Month$0.61In line$0.99$0.49
Average Unit SizeSquare Feet817 SFLarger796 SF790 SF

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Unit mix, closings, budgets, finishes and the team, against 143 Powers and 81 India, 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 A6 of 6
Closing prices vs. Schedule A6 homes: $7,787,419 at closing against $8,044,000 in Schedule A (p. 30)−3.2%
Average closing price6 homes, on their Schedule A square feet$1,589 / SF
Closingsfirst and latest recordedJun 20, 2023 – Aug 1, 2024

Sales recorded with the Department of Finance (ACRIS) through Mar 31, 2025: 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 6 closings
HomeRecordedClosing priceSchedule ADifference
2FJun 20, 2023$940,000$949,000 p. 30−0.9%
2RJun 21, 2023$930,000$949,000 p. 30−2%
3RJul 20, 2023$1,717,500$1,849,000 p. 30−7.1%
1FJul 25, 2023$948,000$949,000 p. 30−0.1%
3FAug 17, 2023$1,750,000$1,799,000 p. 30−2.7%
1RAug 1, 2024$1,501,919$1,549,000 p. 30−3%

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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
Cleopatra Realty LLC
Developer
Geeta Overseas
Principals
Arti Chandok, Guarav Chandok
Tax estimate
Empire Consulting Services, Inc.Prepared the first-year real estate tax projection
Construction lender
USC$3.06 million recorded

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

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