79 South 2nd Street Condominium
79 South 2nd Street, Brooklyn, NY 11249
Overview
79 South 2nd Street is a new 3-unit condo in Brooklyn.
- Offering plan: Accepted March 2025 · 363 pages · floor plans on page 13
- Finishes: 9-foot ceilings, hardwood floors, granite kitchen countertops, Frigidaire appliances, washer/dryer hook-ups, Grohe bathroom fittings and split-system units for heating and cooling
- Prices: $1,741 a square foot on average, as first offered; $12.6 million in all ($9 million when first offered)
- Common charges: $794–$1,386 a month, the sponsor's first-year estimate
- Sponsor: 79 South 2 Owner LLC, represented by The Law Office Of Jay Lichtman, PC; principals Guy Mor
- Neighborhood: Williamsburg, Brooklyn
- Subway: 11-minute walk to Bedford Av (L); 13 minutes to Marcy Av (J, M, Z)
- Amendments: 2, the latest in December 2025
- Units
- 3 residential
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 11 min walk to Bedford Av LMarcy Av J M Z, 13 min
- Principals
- Guy Mor
- Average $/sf
- $1,741Homes in Schedule A, as first offered
- Common charges
- $794–$1,386 a monthSponsor's first-year estimate in Schedule A, Year Projected to Begin: July 1, 2025-June 30, 2026
- Offering price
- $12.6 million total $9 million when first offered
- Floor plans
- Page 13 of the plan
- SubmittedJune 2025
- AcceptedMarch 2025
- 2 amendments
- First sale
- Latest sale
Units & Prices
Sales
3 of 3homes sold (100%)
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 79 South 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.
Each home's estimate, city bills and tax breaksSee it free →Compare
| Figure | This building1 | 185 Ainslie24 units · 0.9 miaccepted 2025 | 357 Leonard33 units · 0.9 miaccepted 2025 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.59Above peers | $0.31 | $0.58 |
| Average Offering PricePer Apartment | $3.37MHighest | $2.34M | $2.35M |
| Average PricePer Square Foot | $1,741In line | $1,647 | $1,765 |
| Average Unit SizeSquare Feet | 1,934 SFLargest | 1,418 SF | 1,331 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 8 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 2 Dec 9, 2025
Construction completed, Temporary Certificate of Occupancy issued, storage spaces swapped between two units, and offering plan term extended six months.
- Construction completed as of November 2025
- Temporary Certificate of Occupancy (TCO) obtained December 8, 2025, CO Number: 3062919-0000001, expires March 8, 2026
- Final Certificate of Occupancy (FCO) anticipated on or about January 15, 2026
- Unit TH storage space changed to 91 sf; Unit PH storage space changed to 75 sf
- Offering plan term extended six (6) months from amendment date
- Revised Schedule A reflects storage space changes for Units PH and TH
Amendment 1 Jun 23, 2025
This amendment revises unit prices, updates construction details and floor plans for the penthouse unit, and modifies the budget with lower operating costs for the first year.
- Unit prices updated: TH to $4,450,000, Unit 2 to $2,650,000, PH to $5,495,000
- Structural system changed from load-bearing CMU walls to reinforced concrete beams and columns
- Temporary Certificate of Occupancy expected by August 15, 2025; Final Certificate by September 15, 2025
- Penthouse storage space increased from 71 SF to 91 SF; roof terrace decreased from 680 SF to 674 SF
- Sponsor managing building first year for no fee; $3,500 management fee starting year two
- Janitorial services removed from regular budget; available on ad hoc basis
- Annual insurance premium $4,300; water and sewer budget $3,060
- Reserve fund set at 10% of entire budget
- Schedule A prices increased for 2 homes (median +18.7%): TH $3,750,000 → $4,450,000; 2 $2,250,000 → $2,650,000
Team
- Sponsor
- 79 South 2 Owner LLC
- Principals
- Guy Mor
- Tax estimate
- MGNY Consulting Corp.Prepared the first-year real estate tax projection
- Construction lender
- Provident Bank$3.95 million recorded
- Property report
- INFOCUSPrepared the plan's description of the property and its condition · Named on p. 144
- 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. 222
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
- Esquire Building Condominiumnext door · 73 units · 2001
- 51 South 1st Street Condominiumnext door · 8 units · 2025
- 46 South 2nd Street Condominiumnext door · 23 units · 12 parking · 2009
- 103 Grand Street Condominium0.1 mi · 3 units · 2023
- South 3rd Street Condominium0.1 mi · 23 units · 29 parking · 2008
- 126 South 2nd Street Condominium0.1 mi · 3 units · 2020
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