THE CONDO BOOK PROJECT

One Powers Street Condominium

One Powers Street, Brooklyn, NY 11211

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Overview

Units
31 residential · 16 parking · 3 commercial
Subway
1 min walk to Metropolitan Av/Lorimer St G LHewes St J M, 8 min
Principals
Howard Eisenberg, Iva Eisenberg, Murray Eisenberg
Offering price
$23.4 million total

The sponsor of record is Essex Market Development, LLC, represented by Jeffrey Zwick & Associates, P.C.. The offering plan runs 425 pages. The sponsor has filed 13 amendments, the latest in June 2026. The nearest other condo plan on file is 21 Powers Street Condominium, next door.

Plan CD070529 · New · accepted Apr 15, 2008 · AG record ↗

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FigureThis building1150 North Fifth231 units · 0.5 miaccepted 2007Lot 58 Lofts331 units · 1.8 miaccepted 2007
Average Offering PricePer Apartment$755,419Below peers$814,548$761,938

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Unit mix, closings, budgets, finishes and the team, against 150 North Fifth and Lot 58 Lofts, 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.

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
Essex Market Development, LLC
Principals
Howard Eisenberg, Iva Eisenberg, Murray Eisenberg
Tax estimate
Mazursky Group, Inc.Prepared the first-year real estate tax projection
Construction lender
Madison Realty Capital

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

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