THE CONDO BOOK PROJECT

Opal 33 Condominium

814 5th Avenue, Brooklyn, NY 11232

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Overview

Opal 33 is a new 11-unit condo in Brooklyn, with 6 parking units.

  • Offering plan: Accepted January 2025 · 282 pages · floor plans on page 24
  • Finishes: Engineered wood floors, quartz kitchen countertops, Bertazzoni appliances and a washer and dryer in each apartment
  • Prices: $1,510 a square foot on average, as first offered; $13.1 million in all ($13.2 million when first offered)
  • Sponsor: Greenwood Nova LLC, represented by Mekhtiyev Law Firm; principals Pamela Lee
  • Subway: 5-minute walk to 36 St (D, N, R); 11 minutes to 25 St (R)
  • Amendments: 2, the latest in October 2025
  1. SubmittedSeptember 2025
  2. AcceptedJanuary 2025
  3. 2 amendments
  4. First sale
  5. Latest sale

Sales

8 of 11homes sold (73%)
Every sale: 8 homes, with price and dateSee it free →

From city records (ACRIS), through Sep 30, 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 Opal 33'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 building1Two Sixteen26 units · 0.7 miaccepted 2025Wanlong321 units · 0.7 miaccepted 2025
Common ChargesPer Square Foot / Month$0.62Below peers$0.71$0.73
Average Offering PricePer Apartment$1.15MIn line$1.31M$874,686
Average PricePer Square Foot$1,510In line$1,606$1,468
Average Unit SizeSquare Feet762 SFIn line818 SF596 SF
Unit mix, amenities, finishes, utilities and operating costs against Two Sixteen and WanlongUnlock 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 9 closing costs in the plan, with their pagesSee it free →

Amendments

Amendment 2 Oct 3, 2025

Plan extended 6 months with updated pricing, revised floor plans reflecting as-built conditions, temporary Certificate of Occupancy anticipated by January 2026, and new storage locker licenses.

  • Plan extended for 6 months
  • Offering Prices of Units updated in revised Schedule A
  • Temporary Certificate of Occupancy anticipated by January 2026
  • 11 storage locker licenses added to cellar, sold separately with prices in Schedule A
  • Units 2A and 2B in contract
  • Revised floor plans attached reflecting as-built building conditions
  • Revised architect's report and engineer certification attached

Amendment 1 Sep 10, 2025

Plan declared effective based on two units in contract, extending the offering period by 6 months.

  • Plan extended for 6 months
  • Plan declared effective August 26, 2025 based on two units in contract (18% of 11 residential units)
  • Units 2A and 2B are in contract
  • Plan accepted for filing January 28, 2025 under CD23-0121
What each amendment changed, line by lineSee it free →

Team

Sponsor
Greenwood Nova LLC
Principals
Pamela Lee
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
General contractors
RK Carpentry & Construction, Webb Development SVC, KW Development ContractingHeld the general construction permit on DOB job 321459355

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 Opal 33's common charges high for the area? Yes, they're on the high side. Opal 33 budgets $0.62 per square foot a month, against a $0.57 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
Free: all 17 units, every budget line, every saleSee it free