74 Heyward Street Condominium
74 Heyward Street, Brooklyn, NY 11206
Overview
74 Heyward Street is a new 4-unit condo in Brooklyn, with 1 commercial unit.
- Offering plan: Accepted February 2023 · 350 pages · floor plans on page 40
- Finishes: 9-foot ceilings, granite kitchen countertops, washer/dryer hook-ups and Kohler bathroom fittings
- Prices: $440 a square foot on average, as first offered; $4.14 million in all
- Common charges: $556–$603 a month, the sponsor's first-year estimate
- Sponsor: Heyward Associates LLC, represented by The Law Office Of Jay Lichtman, P.C.; principals Joel Ekstein
- Neighborhood: Williamsburg, Brooklyn
- Subway: 10-minute walk to Broadway (G); 10 minutes to Flushing Av (G)
- Amendments: 1, the latest in December 2024
- Units
- 4 residential · 1 commercial
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 10 min walk to Broadway GFlushing Av G, 10 min
- Principals
- Joel Ekstein
- Average $/sf
- $440Homes in Schedule A, as first offered
- Common charges
- $556–$603 a monthSponsor's first-year estimate in Schedule A, January 1, 2023 - December 31, 2023
- Offering price
- $4.14 million total
- Floor plans
- Page 40 of the plan
- SubmittedDecember 2024
- AcceptedFebruary 2023
- 1 amendment
- First sale
- Latest sale
Units & Prices
Sales
4 of 4homes sold (100%)
From city records (ACRIS), through May 31, 2025.
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 for 4 homes.
Each home's estimate, city bills and tax breaksSee it free →Compare
| Figure | This building1 | 217 Lee23 units · 0.1 miaccepted 2023 | 483 Hart32 units · 1.4 miaccepted 2021 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.34In line | $0.24 | $0.38 |
| Average Offering PricePer Apartment | $750,000Below peers | $812,500 | $1M |
| Average PricePer Square Foot | $440Below peers | $449 | $497 |
| Average Unit SizeSquare Feet | 1,704 SFSmaller | 1,811 SF | 2,013 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 buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 9 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 1 Dec 13, 2024
Amendment updates offering prices for 4 units, reports first closing completed, and provides current financial and ownership status.
- Unit 2 offering price set to $950,000; Unit 3 to $750,000; Unit 4 to $1,600,000; Unit 5 to $770,000
- Units 2 and 3 newly offered for sale
- Plan declared effective March 15, 2023 with Unit 4 purchase (25% of residential units)
- First closing completed December 19, 2023
- Final Certificate of Occupancy obtained June 12, 2023
- Condominium Declaration recorded May 12, 2023
- Sponsor owns 2 unsold residential units and 5 unsold storage licenses
- Offering plan term extended 6 months from amendment date
Team
- Sponsor
- Heyward Associates LLC
- Principals
- Joel Ekstein
- Tax estimate
- RE Tax ServicesPrepared the first-year real estate tax projection
- General contractors
- Gub Maintenance, Euro BuildersHeld the general construction permit on DOB job 321022166
- 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. 206
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 55 Lynch Street Condominiumnext door · 3 units · 2023
- 57 Lynch Street Condominiumnext door · 3 units · 2023
- 217 Lee Avenue Condominium0.1 mi · 3 units · 2023
- 134 Penn Street Condominium0.1 mi · 2020
- Middleton Units Condominium0.1 mi · 16 units · 2024
- 40 Middleton Street Condominium0.1 mi · 12 units · 2003
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