THE CONDO BOOK PROJECT

1107 56th Street Condominium

1107 56th Street, Brooklyn, NY 11219

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Overview

1107 56th Street is a new 3-unit condo in Brooklyn.

  • Offering plan: Accepted September 2026 · 312 pages · floor plans on page 32
  • Finishes: 10-foot ceilings, hardwood floors, laminate kitchen countertops, laminated wood cabinets, GE appliances, washer/dryer hook-ups, Delta bathroom fittings and split-system units for heating and cooling
  • Prices: $1,087 a square foot on average, as first offered; $5.2 million in all
  • Common charges: $396–$557 a month, the sponsor's first-year estimate
  • Developer: SPA Management Group; principals Shulem Schik
  • Sponsor: 1107 56 LLC, represented by Law Offices Of Hershy Itzkowitz, P.C.
  • Subway: 6-minute walk to 55 St (D); 6 minutes to Fort Hamilton Pkwy (N)
  1. SubmittedMarch 2026
  2. AcceptedSeptember 2026

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

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Property Taxes

The plan's first-year tax estimate, checked against the city's real bills.

Each home's estimate, city bills and tax breaksSee it free →

Compare

FigureThis building11105 56th23 units · 0 miaccepted 20261555 51st34 units · 0.7 miaccepted 2026
Common ChargesPer Square Foot / Month$0.29In line$0.29$0.22
Average Offering PricePer Apartment$1.73MLowest$2.27M$2.04M
Average PricePer Square Foot$1,087Lowest$1,433$1,352
Average Unit SizeSquare Feet1,595 SFLarger1,581 SF1,510 SF
Unit mix, amenities, finishes, utilities and operating costs against 1105 56th and 1555 51stUnlock the rest with a free account
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.

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 8 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
1107 56 LLC
Principals
Shulem Schik
Construction lender
Broadview Capital$5.33 million loan stated in the plan
General contractor
Kaufman GroupHeld the general construction permit on DOB NOW job B01259867
Property report
Robert Pia, R.A.Prepared the plan's description of the property and its condition · Named on p. 119

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R5

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 1107 56th Street's common charges high for the area? Yes, they're on the high side. 1107 56th Street budgets $0.29 per square foot a month, against a $0.25 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 3 units, every budget line, property taxesSee it free