265 20th Avenue Condominium
265 20th Street, Brooklyn, NY 11216
Overview
265 20th Avenue is a new 8-unit condo in Brooklyn.
- Offering plan: Accepted July 2024 · 348 pages · floor plans on page 37
- Finishes: Wood floors, quartz kitchen countertops, MDF laminated wood cabinets, Fisher Paykel and Bertazzoni appliances, washer/dryer hook-ups, Brizo bathroom fittings and split-system units for heating and cooling
- Prices: $1,550 a square foot on average, as first offered; $15.2 million in all ($15 million when first offered)
- Common charges: $398–$614 a month, the sponsor's first-year estimate
- Developer: Term Equities; principals Keivan Farhadian
- Sponsor: Heights Of Greenwood LLC, represented by The Law Office Of Jay Lichtman, PC
- Subway: 7-minute walk to Prospect Av (R); 9 minutes to 25 St (R)
- Amendments: 1, the latest in December 2024
- Units
- 8 residential
- Subway
- 7 min walk to Prospect Av R25 St R, 9 min
- Developer
- Term Equities
- Principals
- Keivan Farhadian
- Average $/sf
- $1,550Homes in Schedule A, as first offered
- Common charges
- $398–$614 a monthSponsor's first-year estimate in Schedule A, January 1, 2025-December 31, 2025
- Offering price
- $15.2 million total $15 million when first offered
- Floor plans
- Page 37 of the plan
- SubmittedDecember 2024
- AcceptedJuly 2024
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
8 of 8homes sold (100%)
From city records (ACRIS), through Dec 31, 2025.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Ask Claude or ChatGPT: How do 265 20th Avenue's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 5 homes.
Each home's estimate, city bills and tax breaksSee it free →Compare
| Figure | This building1 | 345 Bergen26 units · 1.6 miaccepted 2024 | Two Sixteen36 units · 0.1 miaccepted 2025 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.39Below peers | $0.43 | $0.71 |
| Average Offering PricePer Apartment | $1.88MIn line | $2.42M | $1.31M |
| Average PricePer Square Foot | $1,550Below peers | $1,575 | $1,606 |
| Average Unit SizeSquare Feet | 1,215 SFIn line | 1,535 SF | 818 SF |
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 plan lists what a buyer pays at closing.
All 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Jan 27, 2025
Amendment updates unit offering prices, adds construction completion details with temporary certificate of occupancy issued, and specifies interior finishes and appliances.
- Unit prices amended: 1R $2,295,000, 1L $2,195,000, 2R $1,595,000, 2L $1,700,000, 3R $1,750,000, 3L $1,775,000, 4R $1,790,000, 4L $1,925,000
- Temporary Certificate of Occupancy issued 1/22/2025, number 3430065-0000001
- Final Certificate of Occupancy anticipated within 2 months from addendum date
- Interior finishes specified: 6" white oak wood floors, gypsum board walls and ceilings, quartz countertops, MDF cabinets
- Kitchen appliances specified: Fisher Paykel refrigerator, Bertazzoni stove and dishwasher
- Rear yard fencing: 6' high Cumaru wood fence with 3'-6" steel railings on retaining walls
- Drainage systems: areaway yard drains and linear drains in rear yard
- Plan term extended 6 months from amendment date
- Schedule A prices increased for 4 homes (median +4.6%): 1R $2,250,000 → $2,295,000; 2L $1,625,000 → $1,700,000; 3R $1,675,000 → $1,750,000; 3L $1,685,000 → $1,775,000
- Schedule A prices decreased for 2 homes (median -1.8%): 1L $2,250,000 → $2,195,000; 2R $1,625,000 → $1,595,000
Team
- Sponsor
- Heights Of Greenwood LLC
- Developer
- Term Equities
- Principals
- Keivan Farhadian
- Tax estimate
- RE Tax ServicePrepared the first-year real estate tax projection
- Construction lender
- Wisdom Equities$4 million recorded
- General contractor
- B Contractors GroupHeld the general construction permit on DOB NOW job B07999998
- Buyer's lender
- U.S. BankThe sponsor's preferred mortgage lender; you can use another, though the mortgage contingency is offered through the sponsor's lender · Named on p. 6
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6B
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 248 20th Street Condominiumnext door · 4 units · 2026
- Wanlong Condominiumnext door · 21 units · 11 parking · 2025
- Bellrose Condominium0.1 mi · 40 units · 17 parking · 2026
- 249 18th Street Condominium0.1 mi · 5 units · 2025
- 688 6th Avenue Condominium0.1 mi · 3 units · 1 parking · 2022
- Woodgreen Condominium0.1 mi · 6 units · 2026
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