THE CONDO BOOK PROJECT

419 Manhattan Avenue Condominium

419 Manhattan Avenue, Brooklyn, NY 11222

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Overview

419 Manhattan Avenue is a new 5-unit condo in Brooklyn.

  • Offering plan: Accepted November 2024 · 514 pages · floor plans on page 18
  • Finishes: 8'12" ceilings, wood floors, stone kitchen countertops, oak cabinets, Bosch appliances, a washer and dryer in each apartment and a VRF heat pump system for heating and cooling
  • Prices: $1,745 a square foot on average, as first offered; $10 million in all
  • Common charges: $660–$923 a month, the sponsor's first-year estimate
  • Sponsor: 419 Manhattan Avenue LLC, represented by Starr Associates, LLP; principals Francziska Cielepak, Hubert Nowakowski and Janus Czuj
  • Subway: 8-minute walk to Nassau Av (G); 9 minutes to Graham Av (L)
  • Amendments: 2, the latest in August 2025
  1. SubmittedApril 2025
  2. AcceptedNovember 2024
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

5 of 5homes sold (100%)
Every sale: 5 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 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 419 Manhattan Avenue's common charges compare with similar buildings? →

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 building1The Park House25 units · 0.3 miaccepted 2024The Grand Manhattan35 units · 0.1 miaccepted 2024
Common ChargesPer Square Foot / Month$0.74Highest$0.45$0.40
Average Offering PricePer Apartment$2MBelow peers$2.05M$2.31M
Average PricePer Square Foot$1,745Above peers$1,714$1,709
Average Unit SizeSquare Feet1,146 SFSmaller1,194 SF1,352 SF
Unit mix, amenities, finishes, utilities and operating costs against The Park House and The Grand ManhattanUnlock 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 3 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Aug 5, 2025

Managing agent changed from Monarch Realty Group Holdings to FiDY Management Inc.

  • Managing agent changed to FiDY Management Inc., located at 227 Sea Breeze Avenue, Suite C-404, Brooklyn, NY 11222
  • Management fee is less than Monarch's fee and remains subsidized by Sponsor

Amendment 1 Apr 23, 2025

Plan declared effective upon receipt of two purchase agreements representing 40% of five units offered for sale.

  • Plan declared effective based on two purchase agreements from bona fide purchasers
  • Two units purchased: one on March 17, 2025 and one on March 11, 2025
  • Term of plan extended
What each amendment changed, line by lineSee it free →

Team

Sponsor
419 Manhattan Avenue LLC
Principals
Francziska Cielepak, Hubert Nowakowski, Janus Czuj
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Terra Solid CapitalLender on the mortgage and building loan agreement recorded July 2024 in ACRIS; $7.54 million recorded
Structural engineer
Scarano Architect, PLLCNamed on p. 156
MEP engineer
NODE Architecture Engineering Consulting P.C.Mechanical, electrical and plumbing · Named on p. 44
Title agency
Paragon Abstract, Inc.The sponsor's title company for buyers; you can choose another · Named on p. 42

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

Zoning

Zoning district
M1-2/R6A
Special district
Special Mixed Use District (MX-8) (MX-8)

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

Nearby

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The Condo Book Project Are 419 Manhattan Avenue's common charges high for the area? Yes, they're on the high side. 419 Manhattan Avenue budgets $0.74 per square foot a month, against a $0.47 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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