THE CONDO BOOK PROJECT

426 2nd Street Condominium

426 2nd Street, Brooklyn, NY 11215

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Overview

426 2nd Street is a new 4-unit condo in Brooklyn.

  • Offering plan: Accepted November 2024 · 420 pages · floor plans on pages 284–285
  • Finishes: Bosch appliances and a washer and dryer in each apartment
  • Prices: $2,144 a square foot on average, as first offered; $9.93 million in all
  • Sponsor: 426 Holdings, LLC, represented by Certilman Balin Adler & Hyman, LLP; principals Aran Scott
  • Neighborhood: Park Slope, Brooklyn
  • Subway: 10-minute walk to Union St (R); 10 minutes to 7 Av (F, G)
  • Amendments: 2, the latest in January 2025
  1. SubmittedDecember 2024
  2. AcceptedNovember 2024
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

3 of 4homes sold (75%)
Every sale: 3 homes, with price and dateSee it free →

From city records (ACRIS), through Aug 31, 2026.

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 426 2nd Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 4 homes.

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

Compare

FigureThis building1347 6th24 units · 0.1 miaccepted 202544 Garfield Place34 units · 0.2 miaccepted 2024
Common ChargesPer Square Foot / Month$0.42In line$0.69$0.30
Average Offering PricePer Apartment$2.48MAbove peers$2.42M$2.41M
Average PricePer Square Foot$2,144In line$2,275$1,927
Average Unit SizeSquare Feet1,157 SFIn line1,065 SF1,252 SF
Unit mix, amenities, finishes, utilities and operating costs against 347 6th and 44 Garfield PlaceUnlock 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 4 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 2024

Schedule A revised to correct scrivener's errors in unit pricing and common charges.

  • Schedule A corrected for scrivener's errors
  • Units repriced: Unit 1 to $2,975,000, Unit 2 to $2,250,000, Unit 3 to $2,350,000
  • Total offering price for all units: $9,925,000
  • Monthly common charges: Unit 1 $525.21, Unit 2 $420.17, Unit 3 $489.58

Amendment 1 Dec 10, 2024

Plan declared effective after one of four units sold; offering period extended to November 13, 2025 or six months from filing, whichever is later.

  • Plan declared effective December 10, 2024 (1 of 4 units sold, 25%)
  • Offering period extended to November 13, 2025 or six months from amendment filing date, whichever is later
What each amendment changed, line by lineSee it free →

Team

Sponsor
426 Holdings, LLC
Principals
Aran Scott
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Title agency
Cornerstone Land Abstract, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 84

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

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The Condo Book Project Are 426 2nd Street's common charges high for the area? They're in line. 426 2nd Street budgets $0.42 per square foot a month, against a $0.43 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?