99 Douglass Street Condominium

99 Douglass Street, Brooklyn, NY 11231

Overview

Units: 3 residential
Subway: 5 min walk to Bergen St F GCarroll St F G, 6 min
Developer: TR Development Inc.
Principals: Eran Tourgeman
Average $/sf: $1,579Homes in Schedule A, as first offered
Common charges: $311–$391 a monthSponsor's first-year estimate in Schedule A, December 1, 2020 – November 30, 2021
Offering price: $7.2 million total
Floor plans: Page 44 of the plan

The sponsor of record is Douglass Residence, LLC, represented by Boris Saks, Esq. Pllc. The offering plan runs 179 pages. The sponsor has filed 4 amendments, the latest in July 2022. The nearest other condo plan on file is 101 Douglass Street Condominium, next door.

Plan CD190248 · New · accepted Nov 23, 2020 · AG record ↗

Compare

Figure	This building¹	320 Sackett²3 units · 0.2 miaccepted 2020	85 3rd³3 units · 0.4 miaccepted 2020
Common ChargesPer Square Foot / Month	$0.24Lowest	$0.49	$0.63
Average Offering PricePer Apartment	$2.4MAbove peers	$2.23M	$2.11M
Average PricePer Square Foot	$1,579In line	$1,672	$1,486
Property TaxesPer Square Foot / Month	$0.31Lowest	$0.62	$1.00
Average Unit SizeSquare Feet	1,520 SFLarger	1,333 SF	1,419 SF

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Unit mix, closings, budgets, finishes and the team, against 320 Sackett and 85 3rd, 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 A	3 of 3
Closing prices vs. Schedule A3 homes: $6,681,865 at closing against $7,200,000 in Schedule A (p. 19)	−7.2%
Average closing price3 homes, on their Schedule A square feet	$1,465 / SF
Closingsfirst and latest recorded	Jan 18, 2022 – Jan 27, 2022

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2024: 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